Summary of Key Points Core Viewpoint - As of July 9, the total margin financing and securities lending balance on the Beijing Stock Exchange reached 5.92 billion yuan, indicating a slight increase from the previous trading day, with notable activity in specific stocks and sectors [1][2]. Financing and Margin Data - The margin financing balance was 5.92 billion yuan, up by 0.49 million yuan, marking three consecutive days of increase, while the securities lending balance decreased to 1.05 million yuan, down by 0.10 million yuan [1]. - The stocks with the highest margin financing balances included Jinbo Biological (399.15 million yuan), Airong Software (171.00 million yuan), and Better Energy (154.00 million yuan) [1]. Sector Performance - The sectors with the most stocks receiving net margin purchases over 1 million yuan were power equipment, machinery, and electronics, with 5, 4, and 4 stocks respectively [2]. - On July 9, stocks with net margin purchases over 1 million yuan experienced an average decline of 1.61%, with notable gainers including Zhongke Meiling (up 6.67%), Jinbo Biological (up 3.04%), and Wanda Bearings (up 2.94%) [2]. Trading Activity - The average turnover rate for stocks with net margin purchases over 1 million yuan was 6.21%, with the highest turnover rates seen in Zhongke Meiling (33.40%), Tonghui Information (24.64%), and Guangxin Technology (17.61%) [2]. - The average daily turnover rate for all stocks on the Beijing Stock Exchange was 4.29% [2]. Notable Stocks - Jinbo Biological had the highest net margin purchase amount on July 9, totaling 12.52 million yuan, followed by Wuxin Tunnel Equipment (11.51 million yuan) and Xingtou Measurement and Control (7.36 million yuan) [1][2]. - Stocks with significant net margin sales included Dingzhi Technology (8.10 million yuan), Yuanhang Precision (7.40 million yuan), and Hualing Co. (4.26 million yuan) [1].

证券代码：920116 证券简称：星图测控 公告编号：2025-047 中科星图测控技术股份有限公司董事变动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、董事任命的基本情况 根据《公司法》及公司章程的有关规定，2025 年 7 月 1 日，公司召开第一届董事 会第二十五次会议，审议通过了《关于变更公司第一届董事会非独立董事及薪酬与考核 委员会委员的议案》，同意变更第一届董事会非独立董事及薪酬与考核委员会委员王盛 刚先生为姚琳女士。姚琳女士候选人身份已经公司控股股东提名，提名委员会资格审查 并征询本人意见。 提名姚琳女士为公司董事，任职期限至第一届董事会届满之日止，本次变更尚需提 交股东会审议，自股东会决议通过之日起生效。该人员持有公司股份 0 股，占公司股本 的 0%，不是失信联合惩戒对象。 （上述人员简历详见附件） 二、董事离任的基本情况 本公司王盛刚先生，因工作调整，自 2025 年 7 月 1 日起不再担任董事。该人员持 有公司股份 0 股，占公司股本的 0%，不是失信联合惩戒对象，离任 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-048 中科星图测控技术股份有限公司 关于召开 2025 年第一次临时股东会通知公告（提供网络投票） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开基本情况 （一）股东会届次 本次会议为 2025 年第一次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 根据《公司法》和《公司章程》的有关规定，公司董事会于 2025 年 7 月 1 日召开第一届董事会第二十五次会议，审议通过了《关于提请召开公司 2025 年 第一次临时股东会的议案》，表决结果为同意 9 票，反对 0 票，弃权 0 票。 （三）会议召开的合法合规性 本次会议的召集、召开符合《公司法》和《公司章程》等有关规定。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 本次股东会提供现场投票和网络投票两种投票方式，公司同一股东应选择 其中一种投票方式，如同一表决权出现重复投票表决的，以第一次投票结果为 准。 （五）会议召开日期和时间 1、现场会 ...

ff 证券代码：920116 证券简称：星图测控 公告编号：2025-046 中科星图测控技术股份有限公司 （一）会议召开情况 1.会议召开时间：2025 年 7 月 1 日 2.会议召开地点：公司会议室 3.会议召开方式：现场结合通讯方式 4.发出董事会会议通知的时间和方式：2025 年 6 月 26 日以邮件方式发出 5.会议主持人：董事长胡煜 第一届董事会第二十五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 6.会议列席人员：监事及其他高级管理人员 7.召开情况合法、合规、合章程性说明： 二、议案审议情况 （一）审议通过《关于变更公司第一届董事会非独立董事及薪酬与考核委员会委 员的议案》 1.议案内容： 根据《公司法》《北京证券交易所股票上市规则》等有关法律法规及《公司 章程》的规定，公司拟变更第一届董事会非独立董事及薪酬与考核委员会委员王 盛刚先生为姚琳女士。姚琳女士候选人身份已经公司控股股东提名，提名委员会 资格审查并征询本人意见。任职期限自股东会审议 ...

Group 1 - The report highlights the significance of the upcoming military parade on September 3, 2025, showcasing China's domestic military capabilities and innovations in weaponry [1][11][12] - There are currently 17 military-related companies listed on the Beijing Stock Exchange, with a total market capitalization of 73.434 billion yuan as of June 27, 2025 [1][12][13] - Key companies include Star Map Control (920116.BJ), which specializes in aerospace measurement and control management, and Minshida (833394.BJ), known for its aramid paper products used in various critical industries [1][19][20] Group 2 - The five major industries on the Beijing Stock Exchange saw average weekly gains, with high-end equipment, information technology, chemical new materials, consumer services, and pharmaceutical biology showing increases of +6.80%, +12.82%, +5.33%, +4.65%, and +5.18% respectively [2][24] - The average price-to-earnings (P/E) ratios for these industries have also risen, with high-end equipment reaching 47.2X and information technology at 93.0X [2][26] Group 3 - In the technology sector, 145 out of 150 companies experienced stock price increases, with an average gain of +7.42% during the week [3][37] - The overall market capitalization for these companies rose from 443.941 billion yuan to 478.908 billion yuan, with the median market capitalization increasing from 22.40 million yuan to 23.57 million yuan [3][40] Group 4 - Star Map Control reported a revenue increase of 25.90% year-on-year for 2024, with a net profit growth of 35.68% [16][18] - Minshida achieved a revenue of 408 million yuan in 2024, reflecting a growth of 19.82%, and a net profit of 101 million yuan, up by 23.14% [20][22]

Core Insights - The establishment of policies such as "Zhong Te Gu" and "Merger Six Guidelines" has heightened market attention on the movements of central and local state-owned enterprises (SOEs) in the secondary market [1][10] - As of June 23, 2025, there are 27 central and local SOEs listed on the Beijing Stock Exchange (BSE), accounting for approximately 10.11% of the total 267 listed companies [1][2] - The overall price-to-earnings (PE) ratio of these SOEs varies significantly, with 11 companies exceeding a PE ratio of 110, while 8 companies have a PE ratio below 50 [1][8] Group 1: Company Overview - Among the 27 listed companies, 6 are central SOEs and 21 are local SOEs, with a total market capitalization of approximately 771.54 billion yuan for local SOEs and 476.39 billion yuan for central SOEs [2][6] - Three central SOEs have entered the "100 billion market value club," namely Kai Fa Ke Ji, Shu Guang Shu Chuang, and Xing Tu Ce Kong [4][6] - The average market capitalization of local SOEs is about 36.74 billion yuan, which is approximately 42.66 billion yuan lower than the average market capitalization of central SOEs [6] Group 2: Financial Performance - From 2020 to 2024, the revenue of central and local SOEs listed on the BSE grew from 15.655 billion yuan to 22.195 billion yuan, with a compound annual growth rate (CAGR) of 9.12% [8] - The net profit attributable to shareholders increased from 1.861 billion yuan to 2.219 billion yuan during the same period, with a CAGR of 4.50% [8] - As of the first quarter of 2025, the revenue was approximately 5.048 billion yuan, reflecting a year-on-year growth of 9.43% [8] Group 3: Market Valuation and Recommendations - The market capitalization of the 27 listed SOEs is primarily concentrated in the 2 billion to 4 billion yuan and 4 billion to 6 billion yuan ranges [8] - The overall PE ratio for these companies is 56.20 times, indicating a potential undervaluation, especially for those with lower PE ratios [8][10] - Research institutions suggest that the current low valuation of central and local SOEs warrants attention, as these companies have the backing of substantial resources and capital from their major shareholders [10]

Group 1: Company Strategy and Vision - The company focuses on "technology leadership, ecological collaboration, and global layout" as its core strategy, aiming to transform into a benchmark enterprise in the global aerospace measurement and control field [5] - The strategic plan includes four main business directions: developing a space cloud service platform, building a ground station network, initiating satellite autonomous control technology, and establishing space situational observation facilities [5] Group 2: Investor Relations and Dividends - In 2025, the company has no mid-term dividend plan; however, it has already approved a profit distribution plan for 2024, which includes a bonus of 4 shares for every 10 shares held and a cash distribution of 1.49 yuan per share [6] - The company emphasizes the importance of returning value to investors and will disclose any future dividend plans in a timely manner [6] Group 3: Satellite Health Management - The company is developing a comprehensive health management system for satellite constellations, focusing on real-time health monitoring and data analysis [7][8] - It utilizes ground stations to create a telemetry data reception system for monitoring key parameters of satellites, ensuring their safe operation in orbit [7] - Advanced algorithms and AI technologies are employed to predict fault trends and support maintenance decisions [8] Group 4: AI Applications in Business - AI technology is integral to the company's space management capabilities, enhancing decision-making processes through a multi-modal cognitive hub [9] - The company plans to continuously upgrade its AI-driven products and expand business capabilities through technological innovation [9]

证券代码：920116 证券简称：星图测控 公告编号：2025-045 一、 投资者关系活动类别 √特定对象调研 二、 投资者关系活动情况 活动时间：2025 年 6 月 11 日至 2025 年 6 月 13 日 中科星图测控技术股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 活动地点：公司会议室 参会单位及人员：泰康基金、天弘基金、长盛基金、华夏基金、晨耀基金、 国泰海通、国金证券、东北证券、中信证券、新华资产、禾永投资、汉石基金、 景曦私募、西部证券、华安证券、东方基金 上市公司接待人员：董事、副总经理、财务总监、董事会秘书张子航 三、 投资者关系活动主要内容 问题 1：请简要介绍一下公司未来发展战略？ □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 公司高度重视对投资者的回报，2025 年为公司上市首年，公司已于 3 月 24 日召开股东会审议通过 2024 年度权益分派方案，并于 4 月完成权益分派， 即向全体股东每 1 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-044 中科星图测控技术股份有限公司 关于设立募集资金专项账户并签署三方监管协议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、募集资金基本情况 2025-001）。 二、本次增加部分募投项目实施主体及实施地点的情况及原因 为合理优化公司资源配置，提高募集资金使用效率，拟新增全资子公司中科 星图测控技术（喀什）有限公司、合肥中科星图洞察科技有限公司等作为募投项 目的实施主体并新增实施地点，以承接实施该募投项目的部分工作。2025 年 4 月 29 日，公司召开第一届董事会第二十四次会议和第一届监事会第十四次会议， 审议通过了《关于部分募投项目新增实施主体和实施地点的议案》，同意增加中 科星图测控技术（喀什）有限公司、合肥中科星图洞察科技有限公司等作为募投 项目实施主体，新增实施地点，并开设募集资金专户、签署募集资金监管协议及 办理其他相关事项。公司第一届董事会独立董事专门会议第二次会议和公司第一 届董事会审计委员会第七次会议分别 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for the stock price over the next six months [3][5]. Core Insights - The company, specializing in aerospace measurement and control, has over 20 years of experience and is expanding from specialized fields into civilian and commercial aerospace sectors. It provides comprehensive space management solutions, supporting the entire aerospace mission process [1]. - The domestic progress in reusable rockets and the rapid development of the satellite internet industry are expected to drive demand for measurement and control services, leading to increased revenue and profitability for the company [2]. - The company is projected to benefit significantly from the accelerating growth in the satellite industry, with expected revenues of 3.86 billion, 5.34 billion, and 7.54 billion yuan for the years 2025 to 2027, respectively [3]. Financial Summary - Revenue and profit forecasts for the company are as follows: - 2025: Revenue of 386 million yuan, net profit of 115 million yuan - 2026: Revenue of 534 million yuan, net profit of 163 million yuan - 2027: Revenue of 754 million yuan, net profit of 241 million yuan - The company is expected to achieve a compound annual growth rate (CAGR) of 33.93% in revenue and 35.03% in net profit from 2025 to 2026 [4][10].