关于航天宏图信息技术股份有限公司 2024 年年度报告的信息披露监管问询函的回复 致同会计师事务所（特殊普通合伙） 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 关于航天宏图信息技术股份有限公司 2024 年年度报告的信息披露监管问询函的回复 致同专字（2025）第 110A015462 号 上海证券交易所： 致同会计师事务所（特殊普通合伙）（以下简称"我们"）接受委托，对航天 宏图信息技术股份有限公司（以下简称"公司"或"航天宏图"）2024 年财务报表， 包括 2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并及公司利润表、 合并及公司现金流量表、合并及公司股东权益变动表以及相关财务报表附注进行 审计，并于 2025 年 4 月 28 日出具了致同审字致同审字(2025)第 110A020263 号的 无保留意见审计报告。 我们于 2025 年 5 月 20 日收到了航天宏图公司转来的上海证券交易所 ...

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2025-037 | | --- | --- | --- | | 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 关于 2024 年年度报告的信息披露监管 问询函的回复公告 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。 航天宏图信息技术股份有限公司（以下简称"公司"或"航天宏图"）于 2025 年 5 月 20 日收到上海证券交易所科创板公司管理部向公司发送的《关于对 航天宏图信息技术股份有限公司 2024 年年度报告的信息披露监管问询函》（上 证科创公函【2025】0137 号）（以下简称"《问询函》"），公司及相关中介 机构就《问询函》关注的问题逐项进行认真核查，现就《问询函》相关问题回复 如下： 1、关于军采资格与营业收入。年报及前期公告显示，公司自 2024 年 7 月 6 日被军队采购网暂停采购资格，至今资格尚未恢复，公司暂无法参加特种领域 储备项目的投标。2024 年度，公司实现营业收入 15.75 亿元，同 ...

Core Viewpoint - The commercial space industry in China is experiencing rapid growth, supported by national policies, with a market size projected to reach approximately 7,133.2 billion yuan in 2024, driven by increased launch activities and advancements in satellite applications [2][8]. Group 1: Definition and Main Business of Commercial Space Industry - The commercial space industry refers to the sector that provides space products and services through market-oriented approaches, including rocket launches, satellite applications, and space tourism [3][4]. - Unlike traditional government-led space projects, commercial space emphasizes private sector participation, cost-effectiveness, and sustainable business ecosystems, marking a shift from planned to market economies in space activities [4]. Group 2: Current Development Status of the Commercial Space Industry - The commercial space sector in China is becoming increasingly active, with 68 rocket launches and 66 successful orbital insertions in 2024, achieving a success rate of 97% [6][8]. - The market size of the commercial space industry in China has been growing rapidly, with a reported size of 6,582.2 billion yuan in 2023 and an expected increase to 7,810.4 billion yuan by 2025 [8]. - The commercial remote sensing satellite sector is identified as a strategic emerging industry that contributes significantly to economic growth and daily applications, positioning itself as a key area in global space competition [8]. Group 3: Future Prospects and Opportunities - The commercial space industry is anticipated to reach a mature phase by the end of the 14th Five-Year Plan or during the 15th Five-Year Plan, indicating a historic development opportunity for the industry chain [2]. - The launch of new rocket models, such as the Long March 8 and others, is expected to further enhance China's launch capabilities and increase the number of launches in 2025 [6].

国信证券股份有限公司 关于航天宏图信息技术股份有限公司 部分募投项目重新论证并继续实施的核查意见 国信证券股份有限公司（以下称"保荐机构"、"国信证券"）作为航天宏 图信息技术股份有限公司（以下简称"航天宏图"、"公司"）向不特定对象发 行可转换公司债券的持续督导机构，根据《证券发行上市保荐业务管理办法》 《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（2022 年修 订）》《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公 司自律监管规则适用指引第 1 号—规范运作》等法律法规的要求，对航天宏图重 新论证募投项目可行性事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）核发的《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），公司向不特定对象发行可转债 1,008.80 万张， 每张面值为人民币 100 元，按面值发行。本次发行募集资金总额为 100,880.00 万元，扣除发行费用人民币 1,742.58 万元（不含增值税），实际募集资金净额为 对上 ...

证券代码：688066 证券简称：航天宏图 公告编号：2025-036 二、监事会会议审议情况 经与会监事投票表决，审议通过了如下议案： 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 本公司监事会及全体监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。 一、监事会会议召开情况 航天宏图信息技术股份有限公司（以下简称"公司"）第四届监事会第三次 会议于 2025 年 5 月 30 日下午 15:00 在北京市海淀区杏石口路益园文化创意产业 基地 A 区 1 号楼 5 层会议室以现场与通讯表决相结合的方式召开，会议通知以 邮件方式送达。经全体监事同意，豁免了本次会议通知关于时限的要求。公司监 事 3 人，实际参与表决监事 3 人。会议由公司监事会主席苗文杰先生主持，会议 的召集和召开程序符合《中华人民共和国公司法》和《公司章程》等相关规定， 会议形成的决议合法、有效。 表决结果：3 票同意，0 票反对，0 票弃权 特此公告。 监事会 （一）审议通过《关于部分募投项目重新论证并继续实施的议案》 本次对"交互式全息智慧地球产 ...

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2025-035 | | --- | --- | --- | | 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 关于部分募投项目重新论证并继续实施的公告 单位：万元 | 项目名称 | 项目总投资金额 | 拟使用募集资金 | | --- | --- | --- | | | | 投资金额 | | 交互式全息智慧地球产业数字化转型项目 | 121,851.02 | 70,880.00 | 1 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。 航天宏图信息技术股份有限公司（以下简称"公司"）于 2025 年 5 月 30 日召开的第四届董事会第五次会议、第四届监事会第三次会议审议通过了《关于 部分募投项目重新论证并继续实施的议案》，现就相关情况公告如下: 一、募集资金的基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）核发的《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〔 ...

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2025-036 | | --- | --- | --- | | 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 第四届监事会第三次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 航天宏图信息技术股份有限公司（以下简称"公司"）第四届监事会第三次 会议于 2025 年 5 月 30 日下午 15:00 在北京市海淀区杏石口路益园文化创意产业 基地 A 区 1 号楼 5 层会议室以现场与通讯表决相结合的方式召开，会议通知以 邮件方式送达。经全体监事同意，豁免了本次会议通知关于时限的要求。公司监 事 3 人，实际参与表决监事 3 人。会议由公司监事会主席苗文杰先生主持，会议 的召集和召开程序符合《中华人民共和国公司法》和《公司章程》等相关规定， 会议形成的决议合法、有效。 二、监事会会议审议情况 本次对"交互式全息智慧地球产业数字化转型项目"的重新论证并继续实施 是根据募投项目的实际情况 ...

国信证券股份有限公司 关于航天宏图信息技术股份有限公司 部分募投项目重新论证并继续实施的核查意见 国信证券股份有限公司（以下称"保荐机构"、"国信证券"）作为航天宏 图信息技术股份有限公司（以下简称"航天宏图"、"公司"）向不特定对象发 行可转换公司债券的持续督导机构，根据《证券发行上市保荐业务管理办法》《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（2022 年修 订）》《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公 司自律监管规则适用指引第 1 号—规范运作》等法律法规的要求，对航天宏图重 新论证募投项目可行性事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）核发的《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），公司向不特定对象发行可转债 1,008.80 万张， 每张面值为人民币 100 元，按面值发行。本次发行募集资金总额为 100,880.00 万元，扣除发行费用人民币 1,742.58 万元（不含增值税），实际募集资金净额为 99, ...

Industry Overview - Remote sensing satellites are defined as application satellites that utilize sensors onboard to detect the Earth's surface and lower atmosphere for information gathering. They can operate in orbit for several years and cover specified areas continuously when in geosynchronous orbit [1][2]. - The remote sensing satellite system consists of two main components: the satellite platform and the payload system, which includes various subsystems such as power units, antennas, and control electronics [1]. Industry Chain Analysis - The upstream of the commercial remote sensing satellite industry includes satellite manufacturing, launch services, and ground equipment manufacturing. Manufacturing involves materials, chips, and propulsion systems, while launch services cover rocket development and delivery [5][6]. - The midstream consists of commercial remote sensing satellite operations, primarily involving ground operators and data operators who sell data products and provide service solutions [6][8]. - The downstream application areas are divided into B-end (government and enterprises) and C-end (consumers), with various information products and services distributed to users [6][8]. Industry Development History - The Chinese commercial remote sensing satellite industry has evolved from non-existence to a significant presence, driven by policy support since 2014. The establishment of companies like Changguang Satellite Technology marked the beginning of commercial remote sensing in China [10][11]. - The period from 2015 to 2019 saw rapid development, with the emergence of private companies and significant projects like the "Beijing No. 2" satellite [11]. - Since 2020, the industry has entered a phase of large-scale commercialization, with numerous companies announcing satellite constellation and launch plans [11]. Industry Policy Background - The importance of satellite remote sensing has been emphasized in national strategies, with various supportive policies introduced to promote the industry and its applications [15][16]. Current Industry Status - China has seen a significant increase in remote sensing satellite launches, with 105 satellites launched in 2022, surpassing the US for the first time. In 2023, over 160 satellites were successfully launched [19][22]. - By the end of 2023, China had more than 323 commercial remote sensing satellites in orbit, with a diverse range of data types and enhanced capabilities [22][27]. Commercial Remote Sensing Satellite Market - The market for commercial remote sensing satellites in China has been steadily growing, driven by policy support, technological advancements, and diverse market demands. The industry scale exceeded 270 billion yuan in 2023, with direct benefits surpassing 50 billion yuan [26][27]. - The commercial operation models include self-owned satellite operators who develop and launch their satellites and those who purchase data for processing and resale [23][26]. Competitive Landscape - The commercial remote sensing satellite industry features a mix of cooperation and competition among companies. The competitive landscape is dynamic, influenced by manufacturing cycles, application demands, and market evaluations [28][29]. - The first tier of competition includes leading companies with comprehensive capabilities across the industry chain, while the second and third tiers focus on specific operational models and data services [28][29]. Future Industry Trends - The market for remote sensing satellites is expected to grow at around 10% annually, potentially exceeding 37.2 billion yuan by 2030, driven by increasing applications in various sectors [32][35]. - Future trends include technological innovations in satellite miniaturization, high-resolution imaging, and AI data processing, alongside expanding applications in agriculture, environmental monitoring, and disaster management [35].

Group 1 - The commercial space industry refers to the market-driven provision of space products and services, including rocket launches, satellite applications, and space tourism [1][4] - In 2024, China conducted 68 rocket launches with a success rate of 97%, leading to a commercial space market size of approximately 713.32 billion yuan [1][6] - The commercial remote sensing satellite sector is identified as a strategic emerging industry that drives economic growth and enhances daily applications [1][6] Group 2 - The commercial space industry is supported by national policies, which have led to a rapid increase in commercial launch activities and market expansion [4][10] - The market size of China's commercial space industry is projected to grow from 658.22 billion yuan in 2023 to approximately 781.04 billion yuan in 2025 [6][22] - The industry is characterized by a diverse competitive landscape, with a mix of state-owned and private enterprises participating in the market [13][15] Group 3 - The industry value chain includes upstream activities such as rocket and satellite development, midstream services like commercial launch and satellite operation, and downstream applications in various sectors [8][18] - Key policies have been introduced to encourage private investment in the commercial space sector, enhancing its growth potential [10][12] - Major players in the industry include state-owned enterprises like China Aerospace Science and Technology Corporation and private companies such as Zhongtian Rocket and Blue Arrow Aerospace [16][20] Group 4 - The future of the commercial space industry is expected to focus on technological innovation, cost reduction, and efficiency improvements, with an emphasis on modular satellite design and reusable rocket technology [22][24] - The integration of advanced technologies such as AI, big data, and cloud computing is anticipated to transform the space information industry [22] - The commercial space industry is poised for significant development opportunities, potentially reaching maturity by the end of the 14th Five-Year Plan or during the 16th Five-Year Plan [1][22]