证券代码：601698 证券简称：中国卫通 公告编号：2025-023 中国卫通集团股份有限公司 关于证券事务代表辞职的公告 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。 中国卫通集团股份有限公司（以下简称"公司"）董事 会近日收到公司证券事务代表关丽女士的书面辞职报告，关 丽女士因工作调整原因辞去公司证券事务代表职务。关丽女 士的辞职报告自送达公司董事会之日起生效。 关丽女士的辞职不会影响公司相关工作的正常开展。公 司董事会将根据《上海证券交易所股票上市规则》等相关规 定，尽快聘任符合任职资格的人员担任证券事务代表职务， 协助公司董事会秘书开展工作。 关丽女士在任职期间恪尽职守、勤勉尽责，公司董事会 对关丽女士为公司高质量发展做出的重要贡献表示衷心感 谢！ 特此公告。 中国卫通集团股份有限公司董事会 2025 年 4 月 30 日 1 ...

证券代码：601698 证券简称：中国卫通 公告编号：2025-024 中国卫通集团股份有限公司关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 5 月 9 日（星期五）上午 9:00-10:00 会议召开地点: 中证网中证路演中心平台（网址: https://www.cs.com.cn/roadshow/） 会议召开方式：中证路演中心网络互动 投资者可以在 2025 年 5 月 8 日（星期四）中午 12:00 前通过中证路演中心平台或本公告后附的公司邮箱进行提 问。公司将在说明会上对投资者普遍关注的问题进行回答。 中国卫通集团股份有限公司（简称"公司"）2024 年年 度报告、2025 年第一季度报告已分别于 2025 年 4 月 2 日、4 月 30 日通过上海证券交易所网站 www.sse.com.cn 披露，为 便于广大投资者更全面深入地了解公司的经营情况，公司计 划于 2025 年 5 月 9 日上午 09: ...

Financial Performance - The company's operating revenue for the first quarter was CNY 538,607,018.43, a decrease of 1.06% compared to CNY 544,403,891.04 in the same period last year[4] - The net profit attributable to shareholders decreased by 34.90% to CNY 70,444,084.04 from CNY 108,215,323.57 year-on-year[4] - The basic earnings per share fell by 34.77% to CNY 0.0167 from CNY 0.0256 in the previous year[4] - The net profit for Q1 2025 was CNY 97,052,223.96, down 30.06% from CNY 138,877,459.59 in Q1 2024[21] - The net profit attributable to shareholders of the parent company was CNY 70,444,084.04, a decrease of 34.93% compared to CNY 108,215,323.57 in Q1 2024[22] - Operating revenue for Q1 2025 was RMB 333.80 million, a decrease of 11.3% compared to RMB 376.38 million in Q1 2024[31] - Net profit for Q1 2025 was RMB 48.99 million, down 30.9% from RMB 71.03 million in Q1 2024[31] - Operating profit for Q1 2025 was RMB 55.94 million, a decline of 30.9% from RMB 81.12 million in Q1 2024[31] Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 70.57% to CNY 23,643,495.44 compared to CNY 80,325,886.86 in the same period last year[4] - Cash received from sales of goods and services in Q1 2025 was CNY 231,792,203.33, a slight decrease from CNY 234,202,825.36 in Q1 2024[23] - The net cash flow from operating activities was CNY 23,643,495.44, a decrease of 70.6% compared to CNY 80,325,886.86 in the previous period[24] - The company reported a significant increase in cash outflow from investment activities, totaling CNY 1,354,963,075.20, compared to CNY 114,746,082.00 in the previous period, indicating a strategic investment approach[24] - Cash and cash equivalents at the end of the period were CNY 2,533,434,411.52, down from CNY 3,548,237,386.15, reflecting a decrease of 28.6%[25] - Total cash outflow from investing activities in Q1 2025 was RMB 515.27 million, compared to RMB 13.66 million in Q1 2024[34] - The company reported a net cash decrease of RMB 465.64 million in Q1 2025, compared to a decrease of RMB 29.87 million in Q1 2024[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,418,164,717.24, a slight increase of 0.02% from CNY 22,412,943,899.49 at the end of the previous year[5] - Total assets amounted to CNY 22,418,164,717.24, showing a slight increase from CNY 22,412,943,899.49 in the previous period[18] - Total liabilities decreased to CNY 2,269,180,225.36 from CNY 2,358,808,693.52[18] - The company's total liabilities decreased to CNY 3,698,923,260.09 from CNY 3,745,241,529.95, showing a reduction of 1.2%[29] - The total equity increased to CNY 20,148,984,491.88 from CNY 20,054,135,205.97[18] - The total equity increased to CNY 14,505,236,107.05 from CNY 14,456,236,228.33, reflecting a growth of 0.3%[30] Shareholder Information - The company reported a total of 148,511 preferred shareholders with restored voting rights at the end of the reporting period[10] - The largest shareholder, China Aerospace Science and Technology Corporation, holds 2,651,691,416 shares, accounting for 62.77% of total shares[11] - The second largest shareholder, Aerospace Science and Technology Group - CICC - 24 Aerospace EB Trust, holds 502,267,451 shares, representing 11.89%[11] Research and Development - Research and development expenses for Q1 2025 were CNY 11,093,044.64, down from CNY 12,861,537.13 in Q1 2024[21] - Research and development expenses for Q1 2025 were RMB 9.01 million, a decrease of 14.6% compared to RMB 10.55 million in Q1 2024[31] Management Insights - The decrease in net profit was primarily due to a reduction in interest income[4] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities moving forward[31]

、社会和公司治理报告 地址：北京市海淀区知春里65号中国卫星通信大厦A座21层 Buil i d i n g A,C h i n a S atellite C o m m u n i catio n s To w e r , N o . 6 5 Z hichun Road,H a i d i a n District , B e i j ing,China 邮编：100190 传真：010-62586677 网址：w w w . c h i n a satcom.com EN 2024 VIR O N MEN TAL,SOCIA L AND GO V E R N ANC E REPOR T 环境 2024年 目录 CONTENTS | 关于本报告 | 01 | | --- | --- | | 董事长致辞 | 03 | | 走进中国卫通 | 05 | | 公司简介 | 05 | | 组织架构 | 05 | | 发展战略 | 06 | | 业务概览 | 06 | | 企业大事及荣誉 | 07 | | 报告期内重大变化 | 08 | | ESG 管理 | 09 | | ESG 治理 | 09 | | ESG 战略 ...

证券代码：601698 证券简称：中国卫通 公告编号：2025-022 中国卫通集团股份有限公司 2024 年度 "提质增效重回报"行动方案的评估报告 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。 为深入贯彻党的二十大和中央金融工作会议精神，落实 国务院《关于进一步提高上市公司质量的意见》要求，积极 响应上海证券交易所《关于开展沪市上市公司"提质增效重 回报"专项行动的倡议》，推动上市公司高质量发展和投资 价值提升，保护投资者尤其是中小投资者合法权益，中国卫 通集团股份有限公司（以下简称"公司"或"中国卫通"） 于 2024 年 6 月 28 日制定发布了《2024 年度"提质增效重回 报"行动方案》。公司以行动方案为指引，积极推动落实相 关工作，现将落实情况报告如下： 一、聚焦主责主业，提升经营质量 2024 年中国卫通经营效益保持稳定，收入结构更加均衡 稳健，保持稳中向好的发展态势。通过加强市场营销精细化 和数字化平台试运营，在广电市场持续推进高清化升级并中 标多个项目，实现央视重温经典、西藏等 9 套高清节目上星 传输 ...

Core Viewpoint - The investment activities of private equity mogul Ge Weidong have garnered significant market attention, particularly his recent adjustments in stock holdings as revealed in the 2024 annual report and the 2025 Q1 report of listed companies [1]. Group 1: Ge Weidong's Stock Holdings - In Q1 2025, Ge Weidong initiated a new position in Su Da Wei Ge, acquiring 1.62 million shares valued at approximately 33 million yuan, making him the seventh-largest circulating shareholder [4][6]. - He maintained his holdings in Zhaoyi Innovation, with a market value of 2 billion yuan, and did not sell any shares of *ST Chengchang despite a decline in stock price [13][16]. - Ge Weidong also increased his stake in Zhongsheng High-Tech, raising his holdings to 2.36 million shares, valued at 41 million yuan [18][19]. Group 2: Financial Performance of Su Da Wei Ge - Su Da Wei Ge reported a revenue of 1.841 billion yuan for 2024, a year-on-year increase of 6.85%, but faced a net loss of 58.05 million yuan, marking a 27.06% decline [6]. - In Q1 2025, the company generated 453 million yuan in revenue, a decrease of 3.93%, while net profit was 17.34 million yuan, reflecting a 5.99% increase year-on-year [6]. Group 3: Other Notable Investments - Ge Weidong's portfolio includes new investments in China Satellite Communications, where he acquired 8.396 million shares valued at 171 million yuan, making him the ninth-largest circulating shareholder [8][9]. - He also increased his holdings in Zhenlei Technology, maintaining 412.19 million shares, which saw a price increase of 9.63% in Q1 2025 [10][12].

Summary of Key Points Core Viewpoint - The satellite application industry in China is characterized by a diverse and specialized development trend, with significant growth potential across various sectors including navigation, remote sensing, and communication [1][2]. Group 1: Overview of Listed Companies - China's satellite application listed companies cover a wide range of sectors, including navigation & positioning, remote sensing & surveying, and communication & information transmission [1]. - The industry features a strong presence of upstream equipment manufacturers and system integrators, while downstream applications are rich and varied, involving sectors like transportation, logistics, and communication [1][2]. - The navigation & positioning sector has the highest number of companies, indicating intense competition, while the remote sensing & surveying sector has fewer players but higher technical barriers [1][2]. Group 2: Company Performance Comparison - In the first half of 2024, notable performance differences were observed among listed companies in the satellite application navigation sector, with 华力创通 showing a revenue increase of 172.78% year-on-year, while 北斗星通 experienced a revenue decline of 66.42% [9][10]. - The overall performance of upstream companies was more volatile compared to downstream companies, which showed relatively stable performance [9][10]. Group 3: Business Planning and Development - Companies are actively expanding their business and innovating technologies, with 北斗星通 focusing on high-precision positioning services and 合众思壮 pursuing a global strategy [14]. - 中国卫通 is transitioning towards integrated information services, while 中海达 is enhancing its focus on high-precision applications of the BeiDou system [14]. - The diverse business strategies and planning of these companies are driving the continuous development of the satellite application industry in China [14].

从指数持仓来看，上证180行业分层等权重指数十大权重分别为：保利发展（4.43%）、张江高科 （4.26%）、中国电信（2.85%）、中国移动（2.53%）、中国联通（2.42%）、中国卫通（2.16%）、中 国石油（1.13%）、东鹏饮料（1.11%）、中国神华（1.1%）、中国海油（1.08%）。 从上证180行业分层等权重指数持仓的市场板块来看，上海证券交易所占比100.00%。 数据统计显示，上证180行业分层等权重指数近一个月下跌3.04%，近三个月上涨0.81%，年至今下跌 2.88%。 据了解，上证180等权重指数和行业分层等权重指数均与上证180指数拥有相同的样本，前者采用等权重 加权方式，使得个券与行业权重分布更为均匀；后者采用行业分层等权重加权方式，先将行业等权，然 后将行业内的各个样本再等权。二者均与上证180指数呈现出不同的风险收益特征，以满足投资者日益 多元化的投资选择。该指数以2002年06月28日为基日，以3299.06点为基点。 从上证180行业分层等权重指数持仓样本的行业来看，通信服务占比9.96%、主要消费占比9.64%、信息 技术占比9.60%、原材料占比9.32%、金融 ...

Investment Rating - The report maintains a rating of "Buy" for the industry, specifically recommending the computing power sector and military communication [4][9]. Core Viewpoints - The release of tariff exemptions is expected to alleviate concerns in the optical communication sector, leading to a potential valuation recovery for companies like Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication, which have international production capabilities [2][21]. - Domestic demand for computing power continues to grow, driven by significant investments from major internet companies and telecom operators, indicating a sustained narrative for AI growth [3][22]. - Military communication companies are anticipated to benefit from geopolitical tensions and increased defense budgets, with firms like Jiexun Feihong and China Satcom positioned to gain [23]. Summary by Sections Investment Strategy - Focus on the computing power and military communication sectors, recommending companies such as Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and military firms like Jiexun Feihong and China Satcom [4][12]. Market Review - The communication sector experienced a decline, with the operator index performing relatively better compared to other segments [16][19]. Tariff Impact - The U.S. Customs and Border Protection announced tariff exemptions for specific communication electronic products, which is expected to positively impact the optical communication industry [20][21]. Computing Power Demand - Major companies like Alibaba and ByteDance are significantly increasing their investments in AI infrastructure, indicating a robust growth trajectory for domestic computing power demand [3][22]. Key Companies - Recommended stocks include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and military communication firms such as Jiexun Feihong and China Satcom, among others [4][9].

证券代码：601698 证券简称：中国卫通 公告编号：2025-019 特此公告。 中国卫通集团股份有限公司董事会 中国卫通集团股份有限公司关于 中星 10R 卫星完成在轨测试的公告 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、 准确性和完整性依法承担法律责任。 中国卫通集团股份有限公司（以下简称"公司"）运营管 理的中星10R卫星于2025年2月22日在西昌卫星发射中心成 功发射。目前，中星10R卫星已完成在轨测试，各项性能指标 符合设计要求，在轨运行稳定。 后续，随着中星10R卫星正式投入使用，将能够更好地满 足现有用户业务需求，并可为"一带一路"国家及地区提供 高效的卫星网络传输服务。 2025 年 4 月 8 日 1 ...