Core Insights - The "Star Eye" space perception constellation plan was officially launched by China Science and Technology Star Map Control Technology Co., Ltd, aiming to create an innovative path for space traffic management and establish a new model for space management services [2] Group 1: Industry Challenges - The current space environment faces unprecedented challenges, including a rapid increase in the number of satellites in orbit, heightened collision risks, and threats to sustainable space development [2] - The importance of space situational awareness is increasingly highlighted as a foundational support for space safety, especially in the context of rising space debris and collision risks [2] Group 2: Company Initiatives - The "Star Eye" space perception constellation will consist of 156 satellites, designed to create a global, responsive near-Earth orbit monitoring network [2] - The constellation will utilize the company's independently developed "Observer" space information analysis platform and space management service platform, "Space Cloud," to track, catalog, and monitor satellites, analyze orbital data, and predict collision risks [2] Group 3: Commercial Value - The space perception constellation is becoming a key infrastructure in the commercial space era, with its core commercial value lying in building a complete ecosystem of "monitoring-warning-service" [3] - The "Star Eye" constellation, driven by AI capabilities, will provide satellite operators with rapid collision warnings and orbit determination, significantly reducing operational risks [3] - Commercial applications extend to three main areas: data services for space traffic management, insurance and risk assessment for quantifying collision probabilities, and launch window optimization for ensuring safety during rocket launches [3]

Group 1 - The "Star Eye" space perception constellation plan was officially launched by Xingtong Measurement and Control, aiming to provide new solutions for space traffic management [1] - The global satellite launch numbers are rapidly increasing, with large-scale constellation deployments becoming mainstream, leading to unprecedented challenges in the space environment [2] - The European Space Agency reported over 50,000 pieces of space debris larger than 10 cm, approximately 1.2 million pieces between 1 cm and 10 cm, and about 140 million pieces between 1 mm and 1 cm, posing significant collision risks [2] Group 2 - The "Star Eye" constellation consists of 156 satellites designed to create a global, responsive near-Earth orbit monitoring network, capable of tracking, cataloging, and analyzing satellite orbital data [4] - The construction of the constellation is divided into two phases: the first phase will establish a high-performance perception backbone with 12 satellites, while the second phase will add 144 satellites for enhanced low-cost perception [5] - The "Star Eye" constellation is positioned as a key infrastructure for the commercial space era, creating a complete ecosystem of monitoring, early warning, and service [6] Group 3 - Internationally, companies like NorthStar Earth & Space and Turion Space are developing their own satellite constellations for space situational awareness, while domestically, Xingtong Measurement and Control plans to launch experimental satellites by mid-2026 [7] - The development of space perception capabilities is crucial for collision warning and active avoidance, marking a step towards China becoming a space power and participating in future international space governance [7]

Core Insights - The "Star Eye" space perception constellation plan was officially launched by Xingtong Measurement and Control, aiming to create an innovative path for space traffic management and establish a new model for space management services [1][2] - The current space environment faces unprecedented challenges, with an increasing number of satellites in orbit leading to heightened collision risks, threatening the sustainable development of space [1] - The National Space Administration has recently released a plan emphasizing the integration of commercial space into the overall national space development layout, highlighting the growing importance of space situational awareness for national security [1] Company Developments - The "Star Eye" constellation will consist of 156 satellites, designed to create a global, responsive near-Earth orbit monitoring network [2] - The constellation will utilize the self-developed "Observer" space information analysis platform and the space management service platform "Space Cloud" to track, orbit, and catalog satellites, monitor space debris, and analyze satellite orbit data [2] - Xingtong Measurement and Control aims to become a global leader in space management services, focusing on enhancing its capabilities and increasing R&D investment to contribute to a safer and more orderly space environment [2]

Core Viewpoint - The company Zhongke Xingtu Measurement and Control Technology Co., Ltd. has officially launched its space sensing constellation plan, aiming to establish a global space monitoring network with a total of 156 satellites to be deployed [1] Group 1: Project Phases - The constellation plan is divided into three phases, with Phase 1 scheduled to launch 2 experimental satellites in the first half of 2026 and 10 engineering satellites in 2027 to build a high-performance sensing backbone constellation [1] - Phase 2, planned for after 2028, will involve the launch of 144 enhancement satellites to create a low-cost sensing enhancement constellation, achieving a 30-minute update and release capability to address rapid cataloging of maneuvering and orbital targets [1] - Phase 3 will focus on a multi-dimensional comprehensive sensing constellation, deploying satellites for electromagnetic, imaging, multi-spectral, and infrared observations, along with the development of planning, control, processing, and analysis systems for multi-dimensional observation [1]

Core Insights - As of November 25, the total margin financing and securities lending balance on the Beijing Stock Exchange (BSE) was 7.494 billion yuan, a decrease of 49.20 million yuan from the previous trading day, marking a continuous decline for six trading days [1] - The top three stocks by margin financing balance were Jinbo Biological, Shuguang Digital Innovation, and Better Energy, with balances of 413 million yuan, 352 million yuan, and 321 million yuan respectively [1] - A total of 114 stocks on the BSE had net margin purchases on November 25, with 16 stocks having net purchases exceeding 1 million yuan, led by Naconor with a net purchase of 13.03 million yuan [1][2] Margin Financing Overview - The margin financing balance was 7.493 billion yuan, down by 49.41 million yuan from the previous day, while the securities lending balance increased to 71.54 million yuan, up by 209,800 yuan [1] - The average margin financing balance as a percentage of market capitalization for the top stocks was 1.36%, with the highest ratios for Chenguang Cable, Audiwei, and Shisheng Intelligent at 4.86%, 4.47%, and 4.36% respectively [1] Industry Performance - The industries with the highest concentration of stocks with net margin purchases over 1 million yuan included machinery equipment, power equipment, and computers, with 4, 3, and 2 stocks respectively [2] - On November 25, stocks with net margin purchases over 1 million yuan had an average decline of 1.22%, with notable gainers including Anda Technology, Xingtou Measurement Control, and Wanda Bearings, which rose by 5.51%, 2.89%, and 2.26% respectively [2] Stock Activity - The weighted average turnover rate for stocks with net margin purchases over 1 million yuan was 6.82%, with the highest turnover rates for Dapeng Industrial, Chenguang Optical, and Gais Food at 83.87%, 12.37%, and 10.53% respectively [2] - The average daily turnover rate for BSE stocks on November 25 was 2.51% [2] Notable Stocks - Naconor had the highest increase in margin financing balance on November 25, with a balance of 148.15 million yuan, despite a price drop of 2.52% [2][3] - Other notable stocks with significant margin financing increases included Bond Shares, Xingtou Measurement Control, and Jinbo Biological, with increases of 5.15 million yuan, 5.14 million yuan, and 4.82 million yuan respectively [3][4]

证券代码：920116 证券简称：星图测控 公告编号：2025-120 中科星图测控技术股份有限公司 第二届董事会专门委员会换届公告 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。 为保证董事会各专门委员会的正常运作，公司于 2025 年 11 月 21 日召开公司第二 届董事会第一次会议，审议通过了《关于选举公司第二届董事会各专门委员会委员的议 案》，现将有关情况公告如下： 一、换届基本情况 根据《公司法》《公司章程》等有关规定，公司第二届董事会换届选举第二届董事 会各专门委员会委员，任期三年，自公司第二届董事会第一次会议审议通过之日起至第 二届董事会任期届满之日止。具体情况如下： | 序号 | 董事会专门委员会 | 委员 | 召集人 | | --- | --- | --- | --- | | 1 | 审计委员会 | 赵素艳女士、谢传梅女士、李会丹女士 | 赵素艳女士 | | 2 | 战略委员会 | 胡煜先生、牛威先生、赵保军先生 | 胡煜先生 | | 3 | 提名委员会 | 谢传梅女士、赵保军先生、李 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-121 中科星图测控技术股份有限公司董事长、高级管理人员及证券 事务代表换届公告 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、董事长、高级管理人员换届的基本情况 根据《公司法》及公司章程的有关规定，公司董事会于 2025 年 11 月 21 日审议并 通过： 选举胡煜先生为公司董事长，任职期限三年，自 2025 年 11 月 21 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。 聘任牛威先生为公司总经理，任职期限三年，自 2025 年 11 月 21 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。 聘任李宁先生为公司副总经理，任职期限三年，自 2025 年 11 月 21 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。 聘任李攀先生为公司副总经理，任职期限三年，自 2025 年 11 月 21 日起生效。该 人员持有公司股份 0 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-118 中科星图测控技术股份有限公司 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 （一）会议召开情况 1.会议召开时间：2025 年 11 月 21 日 2.会议召开地点：北京市海淀区永旭北路中关村壹号 F1 座会议室 3.会议召开方式：现场投票、网络投票 4.会议召集人：董事会 5.会议主持人：胡煜 6.召开情况合法合规的说明： 本次股东会的召集及召开时间、方式、召集人及主持人符合《中华人民共和 国公司法》《公司章程》及《股东会议事规则》等相关规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 7 人，持有表决权的股份总数 115,500,000 股，占公司有表决权股份总数的 72.2892%。 其中通过网络投票参与本次股东会的股东共 5 人，持有表决权的股份总数 58,044,000 股，占公司有表决权股份总数的 36.3286%。 （三）公司董事、高级管理人员 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-119 中科星图测控技术股份有限公司 第二届董事会第一次会议决议公告 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 （一）会议召开情况 1.会议召开时间：2025 年 11 月 21 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 11 月 21 日以现场结合邮件方 式发出 5.会议主持人：胡煜 6.会议列席人员：部分高级管理人员 7.召开情况合法合规的说明： 3.回避表决情况： 本次会议召集、召开、议案审议程序等方面符合《公司法》和《公司章程》 的有关规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案审议情况 （一）审议通过《关于选举公司第二届董事会各专门委员会委员的议案》 1.议案内容： 根据《公司法》《公司章程》等相关规定，公司第二届董事会换届选举第二 届董事会各专门委员会委员，任期三年，自本次董事 ...

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