Group 1 - The core point of the article is that as of January 30, 2026, the number of shareholders for the company is expected to be approximately 163,800 [2]

（编辑 袁冠琳） 证券日报网讯 2月11日，北方导航在互动平台回答投资者提问时表示，公司与万宝工程目前就技术合作 达成了长期合作意向，预计在2026年开始具体推进相关合作项目，有关本公司的具体业务情况，请以本 公司的公告为准。 ...

Group 1 - The core point of the article is that as of February 10, 2026, the number of shareholders for Beifang Navigation (stock code: 600435) is approximately 164,100 [1]

Investment Rating - The report maintains a "Buy" rating for the aerospace and military industry, with specific recommendations for several companies [8][42]. Core Viewpoints - The report emphasizes the increasing uncertainty in international security, highlighting opportunities in military trade as countries ramp up defense spending. For instance, the U.S. has approved military sales worth $6.67 billion to Israel and $9 billion to Saudi Arabia, indicating a vibrant military trade market [11][12]. - The report suggests that China's military equipment demand is expected to grow, particularly in new domains and advanced weaponry, aligning with the "14th Five-Year Plan" [13][17]. - The military trade market is anticipated to remain active, with China positioned as a key supplier capable of providing comprehensive solutions [11][12]. Summary by Sections Industry Investment Rating - The aerospace and military industry is rated as "Buy" with a focus on specific companies such as AVIC Shenyang Aircraft Corporation, Guorui Technology, and others [8][42]. Key Companies - Recommended companies include: - AVIC Shenyang Aircraft Corporation (600760 CH) - Guorui Technology (600562 CH) - Western Superconducting Technologies (688122 CH) - Guotai Group (603977 CH) - Ruichuang Micro-Nano (688002 CH) - Steel Research and Testing (300797 CH) - Northern Navigation (600435 CH) - Gaode Infrared (002414 CH) - Aerospace Rainbow (002389 CH) - Aerospace Intelligent Manufacturing (300446 CH) [3][42]. Market Trends - The report notes a structural shift in military equipment demand, with a focus on new technologies such as unmanned systems and advanced weaponry. The "14th Five-Year Plan" is expected to drive significant growth in these areas [13][15][16]. - The military trade market is projected to grow, with China's market share expected to increase from 5.87% to a more competitive position as global military spending rises [17][18]. Performance Metrics - As of February 6, 2026, the Shenyuan Defense and Military Index has a PE (TTM) of 95.29, indicating a high valuation relative to historical levels [39][40].

Group 1 - The company, Beifang Navigation, announced that its eighth board meeting was held on February 6, 2026, via telecommunication voting [1] - The meeting reviewed the proposal regarding the appointment of the company's board secretary among other documents [1] Group 2 - A survey conducted among several leading public funds revealed unexpected answers regarding the legality of personal stock trading by fund managers [1]

北方导航控制技术股份有限公司 北方导航控制技术股份有限公司第八届董事会第十次 会议于 2026 年 2 月 2 日以送达、传真、邮件等方式发出会 议通知，于 2026 年 2 月 6 日下午 14:00 以通讯表决方式召开。 应到会董事人数 9 人，实到会董事 9 人，占应到会董事人数 的 100%，符合法律、法规和《公司章程》的规定。会议以 记名投票表决的方式决议如下： 一、审议通过《关于聘任公司董事会秘书的议案》。9 票赞成，占有效表决权总数的 100%，0 票反对，0 票弃权， 0 票回避。 公司此前由董事长李海涛先生代行董事会秘书职责。经 董事长李海涛先生提名，公司董事会提名委员会审议通过， 同意聘任谭臣先生（简历见附件）为公司董事会秘书，任期 与第八届董事会相同。 谭臣先生已取得上海证券交易所董事会秘书任职培训 证明，任职资格符合《中华人民共和国公司法》《上海证券 交易所股票上市规则》《上海证券交易所上市公司自律监管 指引第 1 号——规范运作》和《公司章程》等有关规定。 联系方式如下： 地址：北京市北京经济技术开发区科创十五街 2 号 电话：010-58089788 传真：010-58089552 ...

北方导航公告称，公司第八届董事会第十次会议以通讯表决方式召开，审议通过《关于聘任公司董事会 秘书的议案》，9票赞成，占有效表决权总数的100%。此前由董事长李海涛代行董事会秘书职责，现经 李海涛提名，董事会提名委员会审议通过，同意聘任谭臣为公司董事会秘书，任期与第八届董事会相 同。谭臣已取得上交所董事会秘书任职培训证明，现任公司财务总监，不持有公司股份。 ...

Group 1 - The core viewpoint of the article is that fluctuations in silver prices will not significantly impact the product costs of the company, Beifang Navigation (600435.SH) [1] Group 2 - The company has communicated this information through an investor interaction platform, indicating transparency in its operations [1]

Market Trends - A new upturn in the defense industry is underway, with the military trade expectations continuously enhancing due to events like the India-Pakistan air battle and military parades[2] - The defense industry index increased by 58.5% from the beginning of 2025 to its peak on January 12, 2026[18] - The global geopolitical situation is tense, leading to an unprecedented increase in military spending worldwide[3] Commercial Aerospace Development - The launch of multiple new medium and large rockets is expected to accelerate in 2026, breaking the bottleneck in launch capacity for commercial aerospace[4] - The Taiyuan Satellite Launch Center will play a crucial role in the high-frequency deployment of satellite internet[4] Investment Recommendations - Recommended sectors include the missile weapon industry chain, new aviation equipment industry chain, unmanned equipment industry chain, and commercial aerospace industry chain[4] - Key companies to focus on include: - Beifang Navigation (600435.SH) - Buy-A[7] - AVIC Shenyang Aircraft (600760.SH) - Buy-A[7] - AVIC High-Tech (600862.SH) - Hold-A[7] - Inner Mongolia First Machinery Group (600967.SH) - Hold-A[7] - Aerospace Electric (002025.SZ) - Hold-A[7] - Guobo Electronics (688375.SH) - Hold-A[7] Risks - Potential risks include delays in domestic military equipment deployment, overseas orders falling short of expectations, and setbacks in rocket development and satellite constellation construction[10]

Core Viewpoint - The company, Beifang Navigation, anticipates a significant increase in net profit for the fiscal year 2025, projecting a net profit of between 110 million to 140 million yuan, which represents a year-on-year growth of approximately 86.32% to 137.14% compared to the previous year [1] Financial Performance - The estimated net profit for 2025 is projected to be between 110 million yuan and 140 million yuan [1] - This represents an increase of 50.926 million yuan to 80.926 million yuan compared to the previous year's legally disclosed data [1] Strategic Initiatives - The company plans to enhance the technological content of its products, strengthen foundational management, and reinforce talent development [1] - These initiatives aim to deliver strong operational performance and provide returns to investors [1]