Core Insights - The General Aviation Industry Index increased by 0.92% as of January 6, 2026, with notable stocks like Beidou Star and Haige Communication hitting the daily limit, and Aerospace Hanyu rising by 9.95% [1] - The General Aviation ETF (159230) also rose by 0.92%, marking a three-day consecutive increase, and has accumulated an 11.88% rise over the past two weeks [1] - The ETF has seen a net inflow of 16.2 million yuan over the past five days, indicating strong investor interest [1] Industry Developments - The National Industrial and Information Technology Work Conference emphasized the cultivation of emerging industries, including new materials, aerospace, and low-altitude economy, as future pillars of the economy [1] - The conference also highlighted the need for orderly development of satellite IoT and the strengthening of 6G technology research [1] - The new guidelines for frequency allocation in low-altitude economic development were introduced, supporting the growth of this sector [1] Market Composition - As of December 31, 2025, the top ten weighted stocks in the General Aviation Industry Index accounted for 33.92% of the index, with notable companies including Wanfeng Aowei, Aerospace Rainbow, and China Satellite [2] - The detailed performance of key stocks includes Wanfeng Aowei at 1.11% increase and Aerospace Rainbow at 1.44% increase, while some stocks like Zhuhai Guanyu and Yingliu Co. experienced declines [4]

北京市嘉源律师事务所 关于航天彩虹无人机股份有限公司 2025年第四次临时股东会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 航天彩虹 · 2025年第四次临时股东会 嘉源 · 法律意见书 ิ A YUAN LAW OFFICES 北京 BEIJING · 上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:航天彩虹无人机股份有限公司 北京市嘉源律师事务所 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则(试行)》等规定及本法律意见书出具日 航天彩虹 · 2025 年第四次临时股东会 嘉源 · 法律意见书 北京市嘉源律师事务所(以下简称"本所")接受航天彩虹无人机股份有限 公司(以下简称"公司")委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法 律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《航天彩 虹无人机股份有限公司章程》(以下简称"《公司章程》")的有关规定, ...

完整，没有虚假记载、误导性陈述或重大遗漏。 证券代码：002389 证券简称：航天彩虹 公告编号：2025-062 特别提示： 1.本次股东会无否决提案的情形。 航天彩虹无人机股份有限公司 2.本次股东会不涉及变更以往股东会已通过的决议。 2025年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 4.会议表决方式：采取现场书面记名投票和网络投票方式 5.会议召集人：公司董事会 6.会议主持人：公司董事长胡梅晓先生 一、会议召开情况 1.会议召开时间： （1）现场会议召开时间为：2025年12月31日（星期三）上午10:00 开始 （2）网络投票时间为：2025年12月31日。其中，通过深圳证券交易 所交易系统进行网络投票的具体时间为：2025年12月31日上午9:15-9:25， 9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联网投票系统进 行投票的具体时间为：2025年12月31日上午9:15至下午15:00。 2.会议召开地点：北京市丰台区云岗西路17号北京浦金凯航国际大酒 店一层会议室 3.会议召开方式：现场表决与网络投票相结合的方式 表决结果：同 ...

Investment Rating - The report does not explicitly provide an investment rating for the drone industry Core Insights - The Chinese drone industry has become a strategic emerging industry driven by national strategy, with a leading global market size and a complete industrial chain, transitioning from "manufacturing-led" to "technology-driven and ecosystem construction" [1] - The industry faces multiple challenges, including reliance on imported core technologies, long commercial return cycles, and international compliance and geopolitical risks, with future development focusing on intelligence, greening, airspace digitization, and market diversification [1] Strategic Positioning and Policy Support - The drone industry has rapidly developed under coordinated policy design, airspace management reform, and infrastructure construction, establishing a solid foundation for the large-scale application of the low-altitude economy [2] - The industry is defined as unmanned aerial vehicles operating in low-altitude airspace, which is recognized as a core carrier of the low-altitude economy [2] - A comprehensive policy framework has been established, including mandatory national standards and regulations to support the industry's standardized development [3][4] Market Size and Import-Export Patterns - The global drone market is projected to grow from USD 35.28 billion in 2024 to USD 67.64 billion by 2029, with a compound annual growth rate (CAGR) of 13.90% [5] - The Chinese civil drone market is expected to reach approximately CNY 146.8 billion in 2024, with a forecasted market size exceeding CNY 400 billion by 2030, reflecting a CAGR of 18.3% from 2024 to 2030 [5] - China remains the world's largest drone manufacturer and exporter, with significant growth in both export volume and value [6][7] Industry Chain Structure and Layout - The Chinese drone industry has established a complete industrial chain from upstream core components to midstream manufacturing and downstream application services, showcasing global competitiveness [11] - The upstream sector includes critical components such as flight control systems and sensors, with a high reliance on imports for advanced technologies [13] - The midstream focuses on the research and production of consumer, industrial, and military drones, with leading companies dominating various segments [14] - The downstream application services cover logistics, agriculture, power inspection, and emergency rescue, with significant market shares held by key players [14] Core Challenges and Future Development Trends - The industry faces challenges such as reliance on imported high-end components, high commercialization costs in industrial applications, and complex certification processes [16] - Future trends indicate a shift towards intelligent, autonomous, and green technologies, with eVTOLs emerging as a new avenue for urban air mobility [17][18] - The integration of low-altitude economy and digital infrastructure is expected to enhance operational efficiency and regulatory compliance [18]

Group 1 - The core point of the article is that Aerospace Rainbow (002389) announced a share reduction by its controlling shareholder, Aerospace Investment Holding Co., Ltd., which will sell a total of 15.0592 million shares from December 16 to December 30, 2025, accounting for 1.52898% of the company's total share capital [1] Group 2 - Before the reduction, the combined shareholding of China Aerospace Aerodynamics Research Institute, Taizhou Jintou Aerospace Co., Ltd., and their concerted parties was 380 million shares, representing 38.55% of the total [1] - After the reduction, the total shareholding will decrease to 365 million shares, which will account for 37.02% of the total [1] - The change in equity ownership triggers a 1% integer multiple adjustment [1]

航天彩虹无人机股份有限公司 证券代码：002389 证券简称：航天彩虹 公告编号：2025-061 2 本次变动是否存在违反《证 券法》《上市公司收购管理 办法》等法律、行政法规、 部门规章、规范性文件和本 所业务规则等规定的情况 是□ 否☑ 5．被限制表决权的股份情况 按照《证券法》第六十三 条的规定，是否存在不得 行使表决权的股份 是□ 否☑ 6．30%以上股东增持股份的说明（如适用） 本次增持是否符合《上市 公司收购管理办法》规定 的免于要约收购的情形 不适用 股东及其一致行动人法定 期限内不减持公司股份的 承诺 不适用 7．备查文件 1．航天投资出具的《关于股份减持进展的告知函》 ☑ 2．深交所要求的其他文件 □ 特此公告 航天彩虹无人机股份有限公司董事会 关于控股股东之一致行动人减持股份触及 1%整数倍的公告 公司控股股东之一致行动人航天投资控股有限公司保证向本公司提 供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信 息一致。 航天彩虹无人机股份有限公司（以下简称： "公司"）于 2025 年 12 月 30 日收到公司控 ...

Core Viewpoint - The company is strategically establishing a subsidiary to capitalize on the low-altitude economy development trend, aiming to seize future opportunities in related fields [1] Group 1: Strategic Initiatives - The new subsidiary is part of a forward-looking industrial collaboration and capability building effort [1] - The company plans to focus on low-altitude logistics aircraft and low-altitude manned aircraft, aligning with national strategic directions and market prospects [1] Group 2: Market Positioning - The establishment of the new company is intended to prepare for the formation of a low-altitude economic industrial ecosystem [1]

Core Viewpoint - The company aims to concentrate resources on its main business by selling three plots of land and associated buildings in Taizhou, which will enhance asset liquidity and positively impact current profits [1] Group 1: Transaction Details - The company publicly listed the sale of three plots of land and buildings on the Shanghai United Assets and Equity Exchange, covering an area of 153.75 acres and a building area of 103,900 square meters [1] - The assessed value of the properties was 407.8144 million yuan [1] - The transaction contract was signed with Taizhou Chengxing Urban Construction Development Co., Ltd. on December 23, 2025, and the transfer payment of 407.8144 million yuan was received on December 26, 2025 [1] Group 2: Financial Impact - The sale is expected to revitalize assets and recover funds, which will have a positive effect on the company's current profits [1]

证券代码：002389 证券简称：航天彩虹 公告编号：2025-060 航天彩虹无人机股份有限公司 关于转让公司位于台州南洋科技新材料产业园之三宗土地及地 上建筑物产权的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、交易概述 为提高公司资产运营效率，优化公司资源配置，集中资源发展无人机 主责主业，公司通过上海联合产权交易所以公开挂牌转让的方式出售位于 浙江省台州市椒江区新坦路 218 号南洋科技新材料产业园三宗土地及地 上建筑物产权，本次转让共涉及三宗土地，占地面积合计 153.75 亩；地 上建筑物总建筑面积 10.39 万平方米，资产评估值 40,781.44 万元（评估 备案值）。上述事项已经公司第七届董事会第三次会议审议通过，在公开 挂牌期间，共征集到 1 名合格意向受让方，确认为台州市城兴城市建设发 展有限公司，成交价格为 40,781.44 万元（含增值税价款）。 具体详见公司于 2025 年 11 月 8 日刊登于《证券时报》及巨潮资讯网 （http://www.cninfo.com.cn）的《关于对台州南洋科技新材料产业园三 宗 ...

Core Viewpoint - The commercial aerospace sector is experiencing significant growth driven by supportive government policies and the recent establishment of clearer IPO guidelines for commercial rocket companies, which is expected to accelerate their market entry and boost related industries. Group 1: Market Performance - The Zhongzheng General Aviation Theme Index (931855) rose by 1.62% as of December 29, 2025, with notable increases in constituent stocks such as Guangwei Composites (300699) up 14.57%, Haige Communication (002465) up 10.04%, and Leike Defense (002413) up 9.97% [1] - The General Aviation ETF (561660) increased by 1.70%, marking its fourth consecutive rise, with the latest price reported at 1.2 yuan [1] Group 2: Policy Developments - In November 2025, the National Space Administration issued the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)", which supports commercial entities in developing new technologies and products, and establishes a national commercial aerospace development fund [1] - The Shanghai Stock Exchange released specific guidelines for commercial rocket companies to access the Sci-Tech Innovation Board, which is expected to expedite the IPO process for leading private commercial rocket firms [2] Group 3: Industry Insights - The commercial rocket sector is identified as the "launch base" of commercial aerospace, with its industrialization expected to drive demand across satellite manufacturing, ground equipment, and space applications [2] - The Zhongzheng General Aviation Theme Index includes 50 listed companies involved in aviation materials, components, aircraft manufacturing, infrastructure, operations, and applications, reflecting the overall performance of the general aviation sector [2] - As of November 28, 2025, the top ten weighted stocks in the Zhongzheng General Aviation Theme Index accounted for 40.68% of the index, including companies like Aerospace Electronics (600879) and China Satellite Communications (601698) [2]