每经AI快讯，北方导航（SH 600435，收盘价：14.37元）10月23日晚间发布公告称，公司第八届第七次 董事会会议于2025年10月23日以通讯表决的方式召开。会议审议了《2025年第三季度报告》等文件。 每经头条（nbdtoutiao）——四次登上央视，知名大佬"消失"5年，我们在水果仓库找到了他！从月薪 5000到千亿市值公司联席总裁，他45岁再创业 （记者 王晓波） 2024年1至12月份，北方导航的营业收入构成为：制造业占比97.89%，其他业务占比2.11%。 截至发稿，北方导航市值为217亿元。 ...

智通财经APP讯，北方导航(600435.SH)披露2025年第三季度报告，公司前三季度实现营收24.68亿元， 同比增长210.01%;归属于上市公司股东的净利润1.25亿元，同比扭亏为盈;扣非净利润1.17亿元，同比扭 亏为盈;基本每股收益0.08元。 ...

北方导航控制技术股份有限公司 募集资金管理办法 （2025 年 10 月） 第一章 总 则 第一条 为了规范公司募集资金的使用与管理，提高募 集资金使用效益，保护投资者的合法权益，根据《中华人民 共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称《证券法》）、《上市公司募集资金监管规则》、 《上市公司监管指引第 2 号—— 上市公司募集资金管理和 使用的监管要求》《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》及《北 方导航控制技术股份有限公司章程》（以下简称《公司章程》） 等法律、法规、规范性文件的相关规定，制定本办法。 第二条 本办法所称募集资金系指公司通过发行股票 或者其他具有股权性质的证券，向投资者募集并用于特定用 途的资金，但不包括公司实施股权激励计划募集的资金。 第三条 公司董事会应建立完善募集资金存储、使用、 改变用途、监督和责任追究的内部控制制度，明确募集资金 使用的分级审批权限、决策程序、风险控制措施及信息披露 要求，规范使用募集资金。公司应当将募集资金存储、使用 和管理的内部控制制度及时报上海证券交易所（以下简称 "上交所" ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 10 月 24 日 （星期五） 至 10 月 30 日 （星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 600435@bfdh.com.cn 进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 北方导航控制技术股份有限公司（以下简称"公司"）已于 2025 年 10 月 24 日发布公司 2025 年第三季度报告，为便于广大投资者更 全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计 划于 2025 年 10 月 31 日 （星期五） 13:00-14:45 举行 2025 年第三 季度业绩说明会，就投资者关心的问题进行交流。 证券代码：600435 证券简称：北方导航 公告编号：临 2025-055 号 北方导航控制技术股份有限公司 关于召开 2025 年第三季度 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥765,494,659.19, representing a year-on-year increase of 52.12%[2] - The net profit attributable to shareholders for Q3 2025 was ¥8,298,880.28, a significant increase of 1,681.27% compared to the same period last year[2] - The total profit for Q3 2025 decreased by 89.79% to ¥666,967.01, primarily due to increased R&D expenses[7] - For the year-to-date period, the operating revenue reached ¥2,468,319,953.83, marking a substantial increase of 210.01% compared to the previous year[2] - The basic earnings per share for Q3 2025 was ¥0.005, an increase of 1,566.67% year-on-year[2] - Net profit for the first three quarters of 2025 was CNY 111,495,913.96, a turnaround from a net loss of CNY 76,191,961.04 in the same period of 2024[17] - The company reported a total comprehensive income of CNY 111,996,727.67 for the first three quarters of 2025, compared to a loss of CNY 76,200,648.57 in 2024[18] Assets and Equity - The total assets at the end of the reporting period were ¥8,036,107,462.97, reflecting a 3.45% increase from the end of the previous year[3] - The equity attributable to shareholders increased by 5.26% to ¥2,915,094,393.48 compared to the previous year-end[3] - The company's total assets increased to CNY 8,036,107,462.97 in 2025 from CNY 7,768,118,163.77 in 2024, reflecting a growth of approximately 3.5%[14] - The total equity attributable to shareholders of the parent company increased to CNY 2,915,094,393.48 in 2025 from CNY 2,769,527,349.03 in 2024, representing a growth of about 5.3%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥195,765,313.15[2] - The company's cash flow from operating activities for the first three quarters of 2025 was CNY 2,701,718,779.38, significantly higher than CNY 871,969,356.51 in 2024[20] - The net cash flow from operating activities was -195,765,313.15, an improvement from -1,098,242,124.00 in the previous period, indicating a significant reduction in cash outflow[21] - Total cash inflow from investment activities was 564,852,702.61, down from 908,274,491.88, reflecting a decrease in cash recovery from investments[21] - The net cash flow from financing activities was -6,210,944.43, compared to -70,402,397.57 in the previous period, showing a notable improvement in cash management[22] - The total cash and cash equivalents at the end of the period stood at 827,649,835.58, a decrease from 1,300,015,695.52 at the beginning of the period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 150,457[9] - The largest shareholder, North Navigation Technology Group Co., Ltd., holds 339,388,862 shares, representing 22.46% of total shares[9] - The second-largest shareholder, China Weapon Investment Management Co., Ltd., holds 240,750,708 shares, representing 15.93% of total shares[9] - The company reported a total of 33,442,600 shares held by Central Huijin Asset Management Co., Ltd., representing 2.21% of total shares[9] - The company has no significant changes in the participation of major shareholders in margin trading or securities lending[10] Operational Expenses - Total operating costs for the first three quarters of 2025 were CNY 2,386,368,036.14, compared to CNY 911,082,919.88 in 2024, indicating an increase of about 162.1%[16] - Research and development expenses for the first three quarters of 2025 were CNY 203,463,551.51, compared to CNY 164,773,996.26 in 2024, showing an increase of approximately 23.4%[17] - Cash outflow for purchasing goods and services was 2,246,077,708.48, up from 1,344,419,947.55, indicating increased operational expenses[21] - Cash paid to employees increased to 353,541,712.86 from 307,352,452.80, reflecting higher labor costs[21] - Cash paid for fixed assets and intangible assets was 89,355,220.36, compared to 67,625,309.15, showing increased capital expenditures[21] Other Information - The company received government subsidies amounting to ¥1,589,579.45 during the year-to-date period[5] - There are no other significant reminders regarding the company's operational situation during the reporting period[11] - The impact of exchange rate changes on cash and cash equivalents was minimal, with a net effect of 375.20 compared to 1,173.96 previously[22]

证券代码：600435 证券简称：北方导航 公告编号：临 2025-054 号 北方导航控制技术股份有限公司 第八届董事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 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 担法律责任。 北方导航控制技术股份有限公司第八届董事会第七次 于 2025 年 10 月 17 日以送达、传真、邮件等方式发出会议 通知，于 2025 年 10 月 23 日下午 13：00 以通讯表决的方式 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。 会议以记名方式通讯表决，决议如下： 一、审议通过关于《2025 年第三季度报告》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。 《2025 年第三季度报告》已经董事会审计委员会审议通 过提交董事会，审计委员会认为：公司 2025 年第三季度报 告内容真实、准确、完整，财务报告的格式与内容符合中国 证监会及上海证券交易所等监管机构的要求，不存在与季度 报告相关的欺诈、舞弊行为及重大错报的可能 ...

Group 1 - The company is expanding its business beyond its main operations, focusing on dual-use military and civilian products, particularly in navigation control and ammunition information technology [1] - The company's product offerings include guided control, navigation control, detection control, environmental control, stability control, radio and satellite communication, electrical connectors, and unmanned aerial vehicles [1] - The company is accelerating technological innovation by planning and promoting research projects, deepening the "8+3" technology system and industrial ecosystem [1] Group 2 - The company is optimizing its technological innovation system and mechanism, leveraging partnerships with universities and research institutions such as Beihang University, National University of Defense Technology, Xi'an Jiaotong University, and Beijing Jiaotong University [1] - The focus is on enhancing open innovation cooperation and promoting deep integration of industry, academia, and research [1]

Market Overview - The ground armament sector increased by 0.6% compared to the previous trading day, with GanHua Science and Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Notable stock performances in the ground armament sector include: - MuHua Science and Technology (000576) closed at 10.50, up 1.84% with a trading volume of 56,600 shares [1] - GuoKe Military Industry (688543) closed at 48.01, up 1.37% with a trading volume of 27,000 shares [1] - ChangCheng Military Industry (601606) closed at 48.88, up 1.18% with a trading volume of 400,100 shares [1] - ZhongBing HongJian (000519) closed at 19.42, up 0.26% with a trading volume of 758,900 shares [1] Capital Flow - The ground armament sector experienced a net outflow of 330 million yuan from institutional investors, while retail investors saw a net inflow of 344 million yuan [2] - The capital flow for specific stocks shows: - Galaxy Electronics (002519) had a net inflow of 5.63 million yuan from institutional investors [3] - TianZou Equipment (300922) had a net outflow of 2.94 million yuan from institutional investors [3] - Inner Mongolia First Machinery (600967) had a significant net outflow of 51.67 million yuan from institutional investors [3]

Group 1 - The aerospace industry index (CN5082) increased by 0.41% as of October 21, 2025, with notable stock performances from companies like Aerospace Morning Light (600501) up 3.50% and Aerospace New Technology (300424) up 3.40% [1] - On October 17, the sixth batch of satellites for the Qianfan constellation was successfully launched using the Long March 6A rocket, marking a total of 108 satellites launched for the network [1] Group 2 - Oriental Securities forecasts an acceleration in satellite networking progress, with private rockets expected to support commercial space launches [2] - The military industry sector has stabilized in stock prices, with upcoming equipment construction plans expected to enhance both domestic and international demand [2] - The Aerospace ETF (159227) closely tracks the aerospace index and has a high concentration of military industry stocks, covering key sectors such as aerospace equipment, satellite navigation, and new materials [2]

Market Overview - The ground weaponry sector experienced a decline of 4.25% on October 17, with Changcheng Military Industry leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Changcheng Military Industry (601606) closed at 49.57, down 6.65% with a trading volume of 673,700 shares and a transaction value of 3.399 billion [1] - Inner Mongolia First Machinery (600967) closed at 18.59, down 5.68% with a trading volume of 562,400 shares and a transaction value of 1.068 billion [1] - Optoelectronic Co. (600184) closed at 17.06, down 3.89% with a trading volume of 92,500 shares and a transaction value of 160 million [1] - International Main Industry (688543) closed at 47.35, down 3.09% with a trading volume of 39,100 shares and a transaction value of 187 million [1] - Other notable declines include Zhongbing Hongjian (000519) down 3.08% and Jieqiang Equipment (300875) down 2.77% [1] Capital Flow Analysis - The ground weaponry sector saw a net outflow of 687 million from institutional investors and 154 million from retail investors, while retail investors had a net inflow of 840 million [1] - Specific stock capital flows indicate that Ganhuakegong (000576) had a net inflow of 16.55 million from retail investors, despite a net outflow of 3.26 million from institutional investors [2] - North Navigation (600435) experienced a significant net outflow of 49.58 million from institutional investors, but a net inflow of 53.40 million from retail investors [2]