中航（成都）无人机系统股份有限公司一致行动人集中竞价减持股份计划详解
要点综述
- 实际控制人一致行动人中航一期基金拟减持不超过675万股，占公司总股本的1.00%
- 减持原因系基金存续期即将届满，减持方式为集中竞价
- 减持期间为2026年6月8日至2026年9月7日
- 减持股份来源为IPO前取得的股份
- 控股股东及其一致行动人合计持有公司52.86%股权，减持后控制权不变
- 本次减持计划不会对公司治理结构、股权结构及未来持续经营产生重大影响
详细内容解读
一、减持主体及其持股情况
截至公告披露日，中航（成都）无人机系统股份有限公司（简称“公司”）的股东——中航融富基金管理有限公司-北京中航一期航空工业产业投资基金（有限合伙）（“中航一期基金”），直接持有公司7,074,017股股份，占公司总股本的1.05%。这些股份源自公司首次公开发行前，目前已于2025年6月30日上市流通。
中航一期基金的执行事务合伙人为中航融富基金管理有限公司，该公司隶属于中国航空工业集团有限公司（“航空工业集团”）。中航一期基金与航空工业集团为法定一致行动关系。航空工业集团及其一致行动人共持有公司356,772,216股股份，占总股本52.86%。
二、减持计划具体安排
- 中航一期基金计划自公告披露之日起15个交易日后（即2026年6月8日起），至2026年9月7日止，通过集中竞价方式减持不超过6,750,000股（占总股本1.00%）。
- 减持股份全部为IPO前取得。
- 若期间公司发生送股、资本公积转增股本等事项，减持股份数量将相应调整。
- 减持原因明确为基金存续期即将届满。
- 若遇股票停牌，减持时间顺延。
三、历史减持情况及相关承诺
过去12个月内，中航一期基金曾于2026年2月13日至2026年3月4日，按50.00-65.36元/股价格区间，减持过6,750,000股，占总股本1.00%。此前，中航一期基金已作出36个月限售承诺，并承诺若违规减持，所得归公司所有。本次减持符合以上承诺及相关法律法规要求。
四、风险提示与对股东的重要影响
- 本次减持为基金到期的正常退出安排，减持价格和数量将视市场情况、股价表现等因素决定，存在不确定性。
- 本次减持不会导致公司控制权发生变更，控股股东及一致行动人总持股比例仍远超50%。
- 公司治理结构、股权结构及持续经营不受重大影响。
- 减持过程将严格遵守《证券法》及交易所相关规定，及时履行信息披露义务。
- 由于减持规模较大，且为IPO前股份，短期内市场供给增加，可能对股价产生压力，投资者需密切关注减持进度与市场反应。
投资者须知与可能的市场影响
本次减持计划属于大股东之一的基金管理人到期退出行为，短期内可能会对公司股价产生一定压力，尤其是在减持窗口期内市场对流通盘的敏感反应。此外，虽然公司控股权不变，但市场对核心股东减持行为普遍较为关注，投资者应关注公司后续公告及大股东动向，判断其对公司长期基本面的影响。
免责声明：本文仅为新闻报道及信息解读，不构成任何投资建议。投资有风险，决策需谨慎。请关注公司后续公告及相关信息披露。
Detailed Report: AVIC (Chengdu) UAV System Co., Ltd. – Key Shareholder’s Planned Share Reduction
Key Highlights
- AVIC Phase I Fund, an acting-in-concert party of the actual controller, plans to reduce up to 6.75 million shares via block trades, equivalent to 1.00% of total share capital.
- Reason: Fund is approaching maturity; reduction method is centralized bidding.
- Reduction period: June 8, 2026 to September 7, 2026.
- Shares to be sold were acquired pre-IPO and have been tradable since June 30, 2025.
- The controlling shareholder and its acting-in-concert parties currently hold 52.86% of shares. Control will not change after reduction.
- This share reduction will not significantly impact the company’s governance, shareholding structure, or continued operations.
In-Depth Details
1. Shareholder and Shareholding Structure
As of the disclosure date, AVIC (Chengdu) UAV System Co., Ltd. (“the Company”)’s shareholder, AVIC Rongfu Fund Management Co., Ltd.–Beijing AVIC Phase I Aviation Industry Industry Investment Fund (Limited Partnership) (“AVIC Phase I Fund”), directly holds 7,074,017 shares (1.05% of total capital). These shares were acquired pre-IPO and have been tradable since June 30, 2025.
The AVIC Phase I Fund’s executive partner is AVIC Rongfu Fund Management, which is affiliated with Aviation Industry Corporation of China (“AVIC Group”). The AVIC Phase I Fund and AVIC Group are in a legally recognized acting-in-concert relationship. AVIC Group and its acting-in-concert parties collectively hold 356,772,216 shares, or 52.86% of total capital.
2. Details of the Reduction Plan
- AVIC Phase I Fund plans to reduce up to 6,750,000 shares (1.00% of total capital) via centralized bidding from June 8, 2026, to September 7, 2026.
- All shares to be sold were acquired before the IPO.
- If there are share changes due to stock dividends or capital reserve transfers, the quantity to be reduced will be adjusted accordingly.
- The reason for reduction is the approaching maturity of the fund.
- If trading is suspended, the reduction period will be postponed accordingly.
3. Historical Reduction and Commitments
In the past 12 months, AVIC Phase I Fund reduced its holdings by 6,750,000 shares (1.00% of total capital) between February 13, 2026, and March 4, 2026, at 50.00–65.36 RMB per share. The fund previously committed to a 36-month lock-up and to hand over all proceeds to the company should it breach its reduction commitments. The current reduction plan complies with all legal and regulatory requirements and previous commitments.
4. Risk Warnings and Shareholder Impact
- This reduction is a routine exit aligned with the fund’s maturity, but the final price and quantity will depend on market conditions and share price, introducing some uncertainty.
- There will be no change to company control, as the controlling shareholder and acting-in-concert parties will still hold well over 50% of shares.
- The company’s governance, shareholding structure, and ongoing operations will not be materially affected.
- All reductions will comply strictly with securities laws and exchange rules, with timely information disclosure.
- As the reduction involves a significant volume of pre-IPO shares, it may temporarily increase the supply in the market and exert downward pressure on the stock price. Investors should closely watch reduction progress and market responses.
Investor Tips and Potential Price Impact
This reduction is a normal exit of a major shareholder’s fund manager at the end of its term. In the short term, it may put pressure on the company’s share price, especially during the reduction window, as the market is often sensitive to large blocks of shares entering circulation. While control of the company remains unchanged, investors should pay attention to future announcements and movements of major shareholders for any implications on the company’s fundamentals.
Disclaimer: This article is for news reporting and information purposes only and does not constitute investment advice. Investing carries risks. Please pay attention to future company announcements and disclosures.
