北京市朝阳区景辉街 16 号院 1 号楼泰康集团大厦 24 层 邮编：100026 24th Floor, Taikang Group Tower, Building 1, Yard 16, Jinghui Street, Chaoyang District, Beijing, P.R.China 北京市君泽君律师事务所 关于航天宏图信息技术股份有限公司 2025 年第五次临时股东大会的 法律意见书 北京市君泽君律师事务所 关于航天宏图信息技术股份有限公司 电话(Tel): （86-10）6652 3388 传真（Fax）: （86-10）6652 3399 网址（Website）: www.junzejun.com 电子信箱（E-mail）：jzj@junzejun.com 2025 年第五次临时股东大会的法律意见书 致：航天宏图信息技术股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司 股东会规则》等法律、法规、规章、其他规范性文件（以下简称"相关法规"）及 《航天宏图信息技术股份有限公司章程》的规定，北京市君泽君律师事务所（以 下简称"本所"）接受航天宏图信息技术股份有限公 ...

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2025-089 | | --- | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | | 航天宏图信息技术股份有限公司 2025年第五次临时股东大会决议公告 本公司董事会及全体董事保证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。 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 185 | | --- | --- | | 普通股股东人数 | 185 | | 2、出席会议的股东所持有的表决权数量 | 64,163,907 | | 普通股股东所持有表决权数量 | 64,163,907 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 24.6617 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 24.6617 | 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时 ...

航天宏图信息技术股份有限公司 关于不向下修正"宏图转债"转股价格的公告 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。 重要内容提示： 截至 2025 年 12 月 8 日，航天宏图信息技术股份有限公司（以下简称"公 司"）股价已触发"宏图转债"转股价格向下修正条件。 经公司第四届董事会第十六次会议审议，公司董事会决定本次不向下修 正"宏图转债"转股价格，同时在未来的 1 个月内（即 2025 年 12 月 9 日至 2026 年 1 月 8 日），如再次触发"宏图转债"转股价格向下修正条件，亦不提出向下 修正方案。 一、可转换公司债券发行上市情况 经中国证券监督管理委员会《关于同意航天宏图信息技术股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可[2022]2755 号）核准，航 天宏图信息技术股份有限公司于2022年 11 月28日向不特定对象发行了1,008.80 万张可转换公司债券，每张面值为人民币 100 元，募集资金总额为人民币 100,880.00 万元。扣除各项发行费用后（不含增值税）的实际 ...

Investment Rating - The industry investment rating is "Outperform the Market" [1][29] Core Viewpoints - The establishment of the Commercial Space Administration by the National Space Administration marks a new phase of high-quality development in China's commercial space industry, with a focus on space computing as a core area where AI and commercial space intersect [2][8] - The rapid evolution of artificial intelligence has significantly increased global demand for computing power, while traditional ground data centers face limitations such as energy consumption and land use, making space-based data centers a viable solution [15][16] - The successful launch of the first space computing satellite constellation by Guoxing Aerospace represents a significant milestone in the development of space computing capabilities [18][19] Summary by Sections Industry Investment Rating - The report rates the industry as "Outperform the Market," indicating expectations for the industry index to perform better than the benchmark index over the next 6-12 months [1][29] Key Developments - The National Space Administration has initiated the "Action Plan for Promoting High-Quality and Safe Development of Commercial Space (2025-2027)," aiming for significant advancements in the commercial space sector by 2027 [8][9] - Major tech companies like Google and OpenAI are entering the space computing arena, with projects aimed at enhancing satellite communication and processing capabilities [12][13] Demand Side - The demand for computing power is driven by the rapid advancement of AI, with space offering advantages such as abundant solar energy and superior cooling conditions compared to ground data centers [15][16] Technology Side - The successful launch of the Zhuque-3 rocket signifies the beginning of China's reusable rocket era, which is expected to lower launch costs and increase the frequency of satellite deployments [16][17] Industry Progress - The first space computing satellite constellation has been successfully launched, marking a significant step in establishing a space-based computing network capable of real-time data processing and analysis [18][19] - The construction of space data centers is anticipated to accelerate, creating new application scenarios and business models [22]

12月5日，商业航天概念再度领涨，广联航空大涨逾10%，海特高新涨超7%，应流股份涨超6%，睿创微 纳、振芯科技、华力创通、中国卫星、航天宏图等集体涨超5%。一键布局低空经济+大飞机+军民融合 +商业航天的通用航空ETF华宝（159231）午后发力上行，场内价格收涨2.62%强势连阳，一举收复半年 线。 | | | 分野 (SH 1分 5分 15分 30分 60分 日 周 月 · | | | | | F9 盘前盘后 图加 九粒 画线 工具 @ 2 >> | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.589 | | | | | | | 159531国国际在线合同 1031 6 (121) 388 0000(1024) 885 (1212 4820 0 (01/ 02135 5" "" (2) 1/2 0 8 +01/2 +2/254 | | | | | | | | | | | | | | and and the many of the comments of the ...

12月4日午后，商业航天概念午后涨势扩大，中国卫星涨停，航天电子大涨超8%，海特高新涨超5%， 航天宏图、天银机电涨超4%。一键布局低空经济+大飞机+军民融合+商业航天的通用航空ETF华宝 （159231）场内价格现涨1.06%。 | | | 分制 多日 1分 5分 15分 30分 60分 日 周 月 * | | | | | | F9 盘前盘后 酷加 九杭 面线 工具 @ 1 > | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | O-976 | | | | | 159231[通川航空ETF华国] 09:55 价 0.570 游跌 0.003(0.53%) 均价 0.568 成交量 1702 IOPV 0.5698 . | | | | | | 0.573 +0.006 +1.06% | | | | | | | | | | | | | SZSE CNY 13:20:15 交易中 净值悲妙 | | 华宝国证通用航空产业ETF | | 0.577 | | | | | | | | | 0 ...

| 序号 | 代码 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | --- | --- | | 1 | 600879 | 航天电子 | 12.47 | 9.96% | | 2 | 600118 | 中国卫星 | 44.70 | 6.96% | | 3 | 300455 | 航天智装 | 28.11 | 7.13% | | 4 | 300762 | 上海瀚讯 | 32.33 | 6.00% | | ട | 688270 | 臻镭科技 | 70.08 | 4.39% | | 6 | 300342 | 天银机电 | 20.69 | 4.02% | | 7 | 688027 | 国青子 | 451.61 | 3.60% | | 8 | 002544 | 普天科技 | 28.94 | 3.43% | | 9 | 601698 | 中国卫通 | 21.41 | 3.33% | | 10 | 688066 | 航天宏图 | 28.17 | 2.96% | 12月24日，卫星ETF（159206）盘中震荡走强，涨超2%。成分股航天电子(600879)涨停，中国卫星 (600118)、航天智装(30 ...

Investment Rating - The report provides a positive investment outlook for the commercial aerospace industry, highlighting significant growth opportunities driven by technological advancements and market demand [2]. Core Insights - The commercial aerospace sector is characterized by market-driven activities involving both private and mixed-ownership enterprises, focusing on investment, operation, and risk management across the entire aerospace value chain [2][38]. - Global satellite frequency and orbital resources are becoming increasingly scarce, leading to a surge in satellite constellation construction, with countries competing for these critical resources [2][46]. - The Starlink project by SpaceX is leading the global satellite constellation efforts, while China is rapidly advancing with its own satellite constellation plans [2][47]. - The era of reusable rockets in China is beginning, with several new commercial rocket models expected to launch by the end of 2025, which could accelerate the deployment of low Earth orbit satellite constellations [2][34]. - Investment recommendations include focusing on satellite manufacturing, rocket launching, and space computing, with specific companies highlighted for their potential in these areas [2][34]. Summary by Sections Commercial Aerospace Overview - Commercial aerospace is defined as market-driven activities involving investment, operation, and risk management by enterprises, covering the entire aerospace technology development, manufacturing, launching, and application [2][38]. - The industry is segmented into upstream manufacturing, midstream launching, and downstream application and operation [2][38]. Satellite Industry Overview - The global aerospace industry is projected to reach $415 billion by 2024, with satellite industry revenues estimated at $293 billion [20]. - Satellite services account for 37% of the total satellite industry revenue, while satellite manufacturing and launching services contribute 6.9% and 3.2%, respectively [25]. Satellite Communication Market - The satellite communication market is expected to grow significantly, with China's satellite internet market projected to reach 75.1 billion yuan by 2025 and 151.2 billion yuan by 2030 [34]. - The demand for satellite communication is primarily driven by commercial and government sectors, accounting for 55% and 31% of the market, respectively [28]. Domestic Satellite Constellation Plans - China has ambitious plans for satellite constellations, with three major projects aiming to deploy over 30,000 satellites, including the GW constellation, G60 constellation, and Honghu-3 constellation [79][81]. - As of October 2025, the GW constellation has launched 116 satellites, marking significant progress in China's satellite internet development [84].

格隆汇12月3日｜商业航天板块大肆回调，其中，航天动力(600343)触及跌停，特发信息(000070)跌超 7%，航天宏图(688066)、航天环宇、航宇微跌幅居前。 ...

【商业航天概念震荡走弱 航天动力触及跌停】智通财经12月3日电，商业航天概念震荡走弱，航天动力 触及跌停，乾照光电跌超9%，航天宏图、上海港湾、航天环宇、航天科技、航天晨光、雷科防务、天 宜新材（维权）跟跌。 转自：智通财经 ...