Core Viewpoint - The article highlights the impressive performance of newly listed stocks on the Beijing Stock Exchange (BSE) in 2023, particularly focusing on the significant first-day gains of several companies, indicating a strong market sentiment and investor interest in this segment [3][4]. Summary by Sections New Stock Performance - Dingjia Precision (920005.BJ) debuted on the BSE with a first-day increase of 479.12%, while Guangxin Technology (920037.BJ) achieved a 500% rise, marking it as the highest gain this year [3][5]. - In total, seven new stocks were listed on the BSE in the first seven months of the year, with four of them experiencing first-day gains exceeding 400% [3][8]. Market Dynamics - The favorable performance of new stocks is attributed to several factors, including improved quality of new listings, lower issuance price-to-earnings ratios, and a positive secondary market environment [4][10]. - The average first-day gain for new stocks on the BSE has been significantly higher compared to the overall A-share market, where 59 new stocks were listed in the same period [8][10]. Financial Performance - Many of the new stocks reported strong financial results in Q1 2023, with companies like Development Technology achieving a revenue of 810 million yuan and a net profit of 203 million yuan, reflecting year-on-year growth of 35.43% and 60.3% respectively [10][11]. - However, some companies like Jiaoda Iron and Steel reported losses despite revenue growth, indicating mixed financial health among new listings [10]. Future Outlook - Analysts predict an increase in the issuance pace of new stocks on the BSE in the second half of the year, driven by a robust pipeline of quality companies ready for listing [11][12]. - The upcoming listing of Zhigao Machinery, with an issuance price of 17.41 yuan and a P/E ratio of 14.5, is expected to further enhance the market's attractiveness [11].

Core Viewpoint - The new stock market on the Beijing Stock Exchange (BSE) has shown remarkable performance this year, with several newly listed companies achieving significant first-day gains, indicating a strong market sentiment and investor interest [1][5]. Group 1: New Stock Performance - Dingjia Precision (920005.BJ) debuted on the BSE with a first-day increase of 479.12%, making it the second-highest gainer this year [1][2]. - Guangxin Technology (920037.BJ) achieved a first-day gain of 500%, the highest among new stocks this year, with an issuance price of 10 yuan per share and a price-to-earnings ratio of 7.59 [3][5]. - Other notable performers include Tian Gong Co. (920068.BJ) with a 411.93% increase and Xingtou Measurement Control (920116.BJ) with a 407.23% increase, both having issuance prices below 10 yuan [2][3]. Group 2: Market Trends and Analysis - The overall performance of new stocks on the BSE has been impressive, with 4 out of the top 10 new stocks in terms of first-day gains being from the BSE [1][5]. - The first-day gains of new stocks are attributed to factors such as lower issuance prices, improved quality of new companies, and favorable market conditions [1][5]. - Analysts expect an increase in the issuance pace of new stocks on the BSE in the second half of the year, driven by a robust pipeline of quality companies [6][7]. Group 3: Financial Performance - Many of the newly listed companies reported strong financial results in the first quarter, with significant year-on-year growth in revenue and net profit [7]. - For instance, Development Technology achieved a revenue of 810 million yuan and a net profit of 203 million yuan, reflecting growth rates of 35.43% and 60.3%, respectively [7]. - Guangxin Technology also reported a revenue of 175 million yuan and a net profit of approximately 44 million yuan, with growth rates of 54.48% and 128.53% [7].

立信会计师事务所（特殊普通合伙） 关于对中科星图测控技术股份有限公司 年报问询函的回复 信会师报字[2025]第 ZG12710 号 | | | | 3、关于预付款项 | 36 | | --- | --- | | 4、关于研发费用 | 44 | 立信会计师事务所（特殊普通合伙） 关于对中科星图测控技术股份有限公司 年报问询函的回复 北京证券交易所上市公司管理部： 近期，中科星图测控技术股份有限公司（以下简称"星图测控"、"公司"）收 到贵部出具的《关于对中科星图测控技术股份有限公司的年报问询函》（年报问 询函【2025】第 049 号）（以下简称"问询、问询函"）。公司与立信会计师事务 所（特殊普通合伙）（以下称"会计师"或"我们"）高度重视，本着勤勉尽责、诚 实守信的原则，就相关问题逐项进行认真讨论、核查与落实，现将核查情况和核 查意见作如下说明。 注：关于回复内容格式的说明： | 格式 | 说明 | | --- | --- | | 黑体（加粗） | 年报咨询所列问题 | | 宋体（不加粗） | 对年报咨询所列问题的回复 | 以下除特别注明外，本函所使用的名词释义与星图测控 2024 年年报一致， 回复数值 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-053 中科星图测控技术股份有限公司 关于对北京证券交易所 2024 年年报问询函回复的公告 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。 北京证券交易所上市公司管理部： 近期，中科星图测控技术股份有限公司（以下简称"星图测控"、"公司"） 收到贵部出具的《关于对中科星图测控技术股份有限公司的年报问询函》（年报 问询函【2025】第 049 号）（以下简称"问询、问询函"）。根据要求，公司和 立信会计师事务所（特殊普通合伙）高度重视，本着勤勉尽责、诚实守信的原则， 就相关问题逐项进行认真讨论、核查与落实。现就年报问询函关注的事项回复说 明如下： 注：关于回复内容格式的说明： | 格式 | 说明 | | --- | --- | | 黑体（加粗） | 年报咨询所列问题 | | 宋体（不加粗） | 对年报咨询所列问题的回复 | 以下除特别注明外，本回复所使用的名词释义与星图测控 2024 年年报一致， 回复数值若出现总数与各分项数值之和尾数不符 ...

Core Insights - The report predicts that the North Exchange 50 Index will undergo component adjustments on September 11, 2025, with a review cutoff date of July 31, 2025 [3] - The predicted additions to the North Exchange 50 Index include Xingtu Measurement Control, Wanyuantong, Kanglwei, Lintai New Materials, and Juxing Technology, while Tianfangbiao, Huami New Materials, Haosheng Electronics, Chuangyuan Xinke, and Gebijia are expected to be removed [3][4] - Historical data indicates that, prior to adjustments, the average return of newly added stocks outperformed the index in 9 out of 11 instances, with an average excess return of 4.8%, while stocks being removed underperformed in 9 instances with an average excess return of -2.7% [3][8] Component Adjustments - The average daily trading volume and total market capitalization over the past six months were used to determine the adjustments, with specific metrics for each stock listed [3][4] - The predicted new components have varying average daily trading volumes, with Kanglwei at 632.9 million yuan and Lintai New Materials at 145.06 million yuan [4] - The report also lists potential candidates for inclusion, such as Yizhi Moyu, Wantong Hydraulic, Leishen Technology, and Wuhan Land Electric [3][4] Impact of Index Adjustments - The North Exchange 50 Index product size reached 11.162 billion yuan, accounting for 8.86% of the free float market capitalization, indicating a growing trend in index-based investments [3][11] - The report calculates the impact coefficients for the stocks being added and removed, with Kanglwei having the highest impact coefficient at 3.46, followed by Lintai New Materials at 2.17 [3][11] - The report emphasizes the importance of monitoring stocks with high impact coefficients as the adjustment date approaches [3]

Group 1 - In the past month (from June 30 to July 29), 23 companies listed on the Beijing Stock Exchange (BSE) received institutional research, with Minshida being the most popular, attracting 96 participating institutions [1] - The types of institutions conducting research include 22 brokerages, 11 funds, 10 private equity firms, 4 insurance companies, and 1 overseas institution [1] - The companies that received the most attention after Minshida are Yuanhang Precision, Xingtum Control, and Tieda Technology, with 43, 37, and 26 participating institutions respectively [1] Group 2 - Yuanhang Precision, Xingtum Control, and Zhongyu Technology had the highest frequency of institutional research, each receiving 2 rounds of research [2] - On average, companies that received institutional research saw a 0.80% increase in stock prices over the past month, with notable gainers including Zhongyu Technology (up 13.49%), Wanyuantong (up 13.07%), and Kairun Zhikong (up 12.18%) [2] - The average daily turnover rate for these companies was 6.39%, with the highest rates recorded for Guangxin Technology (20.22%), Wanyuantong (14.95%), and Kairun Zhikong (11.62%) [2] Group 3 - As of July 29, the average market capitalization of all companies on the BSE was 3.187 billion yuan, while the average market capitalization of the companies that received research was 3.683 billion yuan [2] - The companies with the highest market capitalization among those researched include Xingtum Control, Guangxin Technology, and Guohang Ocean [2] - A detailed list of companies that received institutional research includes their respective codes, number of institutions, research frequency, latest closing prices, percentage changes, and industry classifications [2][3]

证券代码：920116 证券简称：星图测控 公告编号：2025-052 中科星图测控技术股份有限公司股票解除限售公告 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、本次股票解除限售数量总额为 4,005,780 股，占公司总股本 2.51%，可交易 时间为 2025 年 7 月 31 日。 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为控 | 董事、监 | | | 本次解 除限售 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 股东姓名 | 股股东、 | 事、高级 | 本次解限 | 本次解除 | 股数占 | 尚未解除 | | 序号 | 或名称 | 实际控制 | 管理人员 | 售原因 | 限售登记 | 公司总 | 限售的股 | | | | 人或其一 | | | 股票数量 | | 票数量 | | | | 致行动人 | 任职情况 | | | 股本比 | | | | | | | | | 例 | | | | 北京诚通 | ...

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。 一、 投资者关系活动类别 证券代码：920116 证券简称：星图测控 公告编号：2025-051 □分析师会议 □路演活动 □特定对象调研 □业绩说明会 □媒体采访 √现场参观 □新闻发布会 √其他 由北京证券交易所、安徽证监局、中邮证券、中邮证券安徽分公司组织的"直 达服务行千里，理性投资进万家"活动 二、 投资者关系活动情况 活动时间：2025 年 7 月 18 日 参会单位及人员：中邮证券及个人投资者共 23 人 上市公司接待人员：公司高级副总裁罗丹、证券事务代表王健 三、 投资者关系活动主要内容 本次活动主题为"直达服务行千里，理性投资进万家"，为增进投资者对星 图测控的了解，拉近双方距离，为公司与投资者搭建沟通交流的平台，促进双方 的良性互动。 公司组织投资者参观了公司展厅，对公司的基本情况进行了介绍，并进行了 座谈交流，内容如下： 问题 1：公司在未来业务增长点方面有哪些规划？ 回复： 一是特 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was organized by Beijing Stock Exchange and Anhui Securities Regulatory Bureau, with a theme of "Direct Service for Rational Investment" [3] - The event took place on July 18, 2025, in the company meeting room, attended by 23 participants from Zhongyou Securities and individual investors [3] - Company representatives included Senior Vice President Luo Dan and Securities Affairs Representative Wang Jian [3] Group 2: Future Business Growth Plans - The company plans to expand horizontally in specialized fields, leveraging existing project experience and customer resources to tap into new specialized units [4] - There is a focus on deepening engagement in the commercial aerospace sector, enhancing ground station network construction and data service capabilities [4] - The development of a digital space cloud platform is underway, aiming to create a comprehensive product system for space management [4] Group 3: Collaboration with Controlling Shareholder - The company maintains operational independence from its controlling shareholder, with no overlapping core business areas, and a steady decline in related party transactions [5] - Future collaborations will be pursued in compliance with regulations, leveraging synergies in resources and technology for mutual growth [5] Group 4: Personnel Expansion Strategy - The company will cautiously optimize personnel structure and scale in line with business development and market conditions, avoiding blind expansion [6] - A balance between business growth and cost control will be prioritized to ensure sustainable value creation for shareholders [6]

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 北京市君合律师事务所 关于中科星图测控技术股份有限公司 2025 年第一次临时股东会之 法律意见书 二零二五年七月 | 北京总部 | 电话: (86-10) 8519-1300 | 上海分所 | 电话: (86-21) 5298-5488 | 广州分所 | 电话: (86-20) 2805-9088 | 深圳分所 | 电话: (86-755) 2939-5288 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 传真: (86-10) 8519-1350 | | 传真: (86-21) 5298-5492 | | 传真: (86-20) 2805-9099 | | 传真: (86-755) 2939-5289 | | | 杭州分所 | 电话: (86-571) 2689-8188 | 成都分所 | 电话: (86-28) 6739-8000 | 西安分所 | 电话: (86-29) 8 ...