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Guohai Securities: Monitor progress in rocket reusability technology and associated investment opportunities across the industrial chain; maintains a 'Recommended' rating for the sector.
Multiple rounds of industry-level changes have already emerged in commercial aerospace; it is recommended to maintain close attention.
Express News | A-share restricted shares unlocking overview: RMB 17.111 billion worth of restricted shares unlocked today
Company Q&A | Guoke Junshi: Has cooperated with multiple rocket manufacturing enterprises to advance project collaboration. Relevant businesses are all in the R&D verification stage, accounting for less than 1% of revenue.
Gelonghui, May 18th | An investor asked Guoke Military Industry on an interactive platform: Which rocket manufacturing enterprises is the company currently cooperating with, and what is the progress? Guoke Military Industry replied that its main business focuses on the research, production, and sales of missile (rocket) solid engine power and control products as well as ammunition equipment. Currently, the company has cooperated with multiple rocket manufacturing enterprises to advance project collaboration. Relevant businesses are all in the research and verification stage, accounting for less than 1% of revenue. For more information, please refer to the announcements published by the company on the Shanghai Stock Exchange website and designated media, and be mindful of investment risks.
Q&A with the Company | Guoke Jun Gong: The company's previously secured large-scale orders are being fulfilled according to the agreed terms.
Gelonghui May 18th | An investor asked Guoke Military Industry on an interactive platform: Can the military trade business achieve high-speed growth this year based on the first quarter? What is the current capacity utilization rate? Private rocket companies are stepping up their exploration of commercial aerospace. Is the company involved in this field, and which companies does it collaborate with? Can it generate profits this year? Guoke Military Industry replied that the company’s previous large-scale orders are being fulfilled as per the contract. The company is actively upgrading and optimizing its existing capacity for power modules. Meanwhile, the capacity expansion project for power modules is proceeding as planned. Upon completion of these efforts, the increased capacity will meet the growing demand for domestically equipped products and military trade products.
Guoke Military Industry (688543.SH) 2025 Annual Equity Distribution: Dividend of 0.9 yuan per share
Gelonghui, May 14th ┃ Guoke Military Industry (688543.SH) announced the implementation of its 2025 annual equity distribution plan. This profit distribution and capital increase will be based on the company’s total share capital of 208,842,028 shares prior to the implementation of the plan. A cash dividend of 0.9 yuan per share (including tax) will be distributed, and a capital reserve will be used to grant an additional 0.2 shares for every share held by all shareholders. In total, a cash dividend of 187,957,825.20 yuan (including tax) will be distributed, with 41,768,405 new shares issued. After this distribution, the total share capital will increase to 250,610,433 shares. The record date for this equity distribution is set for 2026.
China Academy of Engineering Physics Military Industry: First Quarter Report for 2026