内容概要：测绘无人机凭借高效、精准、灵活的特点，应用领域不断拓展，除了传统的国土测绘、城市 规划领域，还延伸至农业、林业、交通等多个领域，例如：在农业领域可用于农作物监测和病虫害预 警，在林业领域可进行森林资源调查和监测；在交通领域能辅助道路规划和交通流量监测等；在灾害应 急响应中，能快速获取受灾情况，为救援工作提供准确信息，多元化的应用场景促使市场需求不断增 加，据统计，2024年我国测绘无人机需求量达10.3万套，市场规模达70.39亿元，其中，测绘无人机整机 约占17.1%，测绘无人机相关配套（模块、软件、仪器等）约占82.9%。 上市企业：大地测绘（836742.NQ）、纵横股份（688070）、华测导航（300627）、中海达（300177） 相关企业：深圳市大疆创新科技有限公司、深圳飞马机器人股份有限公司、广州极飞科技股份有限公 司、广州中科云图智能科技有限公司 关键词：测绘无人机市场政策、测绘无人机产业链、测绘无人机需求量、测绘无人机市场规模、测绘无 人机竞争格局、测绘无人机发展趋势 一、概述 测绘无人机是一种利用无人驾驶飞行器技术，搭载各种测绘传感器，如光学相机、激光雷达、倾斜摄影 相机等，通 ...

（文章来源：每日经济新闻） 国金证券8月15日发布研报称，给予纵横股份（688070.SH，最新价：52.33元）买入评级。评级理由主 要包括：1）飞控技术优势奠完整无人机谱系，软硬件一体铸无人机龙头地位；2）低空数字经济解决方 案提供商，积极拥抱低空经及发展浪潮；3）大载重无人机蓄势待发，联手交运龙头跨入低空物流新蓝 海；4）股权激励彰显发展信心，新业务有望成为公司业绩重要增长极。风险提示：市场竞争风险、行 业风险、毛利率下滑风险、大股东离婚股权分割带来的风险。 ...

Group 1 - The low-altitude economy sector experienced a decline, with a drop of 2.02% in the afternoon trading session [2] - Specific companies within this sector saw significant losses, including Zongheng Co., which fell by 5.19%, Aerospace Morning Light down by 4.70%, and *ST New Research decreasing by 4.49% [2] - Other companies also faced declines, such as Aerospace Electronics down by 4.15% and Northern Navigation dropping by 4.30% [2]

Market Overview - The aviation equipment sector increased by 1.71% on July 29, with Hangfa Technology leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Hangfa Technology (600391) closed at 32.03, up 9.99% with a trading volume of 361,600 shares and a transaction value of 1.102 billion [1] - Hangya Technology (688510) closed at 25.86, up 8.66% with a trading volume of 157,400 shares [1] - Zongheng Co. (688070) closed at 59.88, up 6.62% with a trading volume of 48,000 shares [1] - Chengxi Aviation (300581) closed at 22.86, up 6.08% with a trading volume of 988,700 shares and a transaction value of 2.213 billion [1] - Hangyu Technology (688239) closed at 39.87, up 5.87% with a trading volume of 63,900 shares [1] - Other notable stocks include Zhonghang Shenfei (600760) at 66.14, up 3.38%, and Feilai (300395) at 83.04, up 2.86% [1] Capital Flow - The aviation equipment sector saw a net inflow of 239 million in main funds, while retail investors experienced a net outflow of 197 million [2][3] - Major stocks like Zhonghang Shenfei (600760) had a net inflow of 334 million, while Hangfa Technology (600391) saw a net outflow of 101 million from retail investors [3]

Core Viewpoint - The company, Zongheng Co., Ltd. (688070), is a leading player in the industrial drone sector in China, focusing on the development, production, sales, and service of industrial drone products, with a strong emphasis on intelligent, platform-based, and tool-oriented applications [2][4]. Business Overview - The company specializes in industrial drone systems, leveraging core technological advantages in intelligent control, aircraft platform design, and cloud platforms, achieving a leading position in the domestic market with some products reaching international advanced levels [2][3]. - The core drone hardware platforms include vertical take-off and landing fixed-wing drones, multi-rotor drones, large fixed-wing drones, and unattended systems, with a wide range of products covering various weight and payload capacities [3]. Financial Performance - For the first half of 2025, the company expects to achieve approximately RMB 134.66 million in revenue, representing a year-on-year growth of about 61.72%. The net profit attributable to shareholders is projected to be around RMB -34.68 million, indicating a reduction in losses by approximately RMB 18.34 million compared to the previous year [4][5]. - The company reported a revenue of RMB 38.78 million in Q1 2025, a year-on-year increase of 42.2%, with a net profit of RMB -27.93 million, showing a 3.83% improvement in losses [9]. Market Development and Strategy - The company is actively pursuing opportunities in the low-altitude economy, focusing on core business areas, accelerating technological innovation, and expanding application scenarios, particularly in smart governance and emergency services [5]. - The company has made significant strides in international market development and aims to optimize cost management to enhance overall profitability and competitiveness [5]. R&D Progress - Various R&D projects are progressing smoothly, with new products launched in March 2025, including the multi-rotor unattended drone hangar JOS-P200 and upgraded vertical take-off fixed-wing unattended drone hangar JOS-C700 [6]. Shareholder Structure - The recent divorce case of the actual controller, Ren Bin, has been resolved without affecting the company's control structure, as he retains a 12% direct shareholding and controls 44.76% of the company’s equity [7][8]. Project Updates - The company won a bid for the "Smart Bazhong" low-altitude digital economy unattended system project, with a contract value of RMB 106.07 million, marking a significant step in enhancing its low-altitude digital economy business layout [9].

登录新浪财经APP 搜索【信披】查看更多考评等级 一场持续17个月的离婚诉讼，将"无人机第一股"纵横股份推至资本市场的风口浪尖。7月17日，四川省 成都市中级人民法院终审判决，公司实控人任斌需向前妻邝明芳分割999.6万股股份，按当日收盘价 53.76元/股计算，对应市值达5.37亿元。这场被市场称为"A股天价离婚案"的风波，暴露了纵横股份控制 权结构的脆弱性。 诉讼博弈：股份数量减少，实际控制人不变 终审判决结果较一审出现转折。2025年1月，四川天府新区人民法院一审判决任斌需分割1230.12万股。 任斌提起上诉后，二审将分割股份数量削减18.7%，降至999.6万股。相较一审，二审判决减少了234.12 万股转让股份，显示诉讼过程中的调整。 这场诉讼背后，是任斌对控制权的精密布局。虽然任斌在办理股份过户手续后，其直接持股比例从 23.41%降至12%，但其通过与股东王陈、陈鹏签署的补充协议，以及通过海南永信大鹏企业管理中心对 公司的间接控制，其合计控制股权比例仍达44.76%，仍为公司实际控制人。 市场影响：治理风险与减持悬念 这场天价离婚案已引发连锁反应。7月18日，纵横股份股价下跌4.2%，显示市场 ...

Core Viewpoint - Chengdu Zongheng Automation Technology Co., Ltd. (Zongheng Co., 688070.SH) announced that its controlling shareholder and actual controller, Ren Bin, received a civil judgment from the Chengdu Intermediate People's Court regarding his divorce dispute with Kuang Mingfang [2][4]. Shareholder Changes - The court's ruling allows Kuang Mingfang to divorce Ren Bin and grants her 9,996,000 shares of Zongheng Co., which is 11.41% of the total share capital [4][5]. - After the share transfer, Ren Bin's direct shareholding will decrease from 20,502,000 shares (23.41%) to 10,506,000 shares (12.00%) [4][5]. - Despite the share transfer, Ren Bin remains the actual controller of Zongheng Co., with a combined control of 44.76% through agreements with other shareholders and indirect control via Hainan Yongxin Dapeng Enterprise Management Center [5]. Financial Performance - Zongheng Co. expects to achieve approximately 135 million yuan in revenue for the first half of 2025, representing a year-on-year growth of about 61.72% [6]. - The company anticipates a net loss attributable to shareholders of approximately -34.68 million yuan, which is a reduction in loss of about 18.34 million yuan compared to the same period last year [6].

长江商报消息 ●长江商报记者 黄聪 A股再现"天价离婚案"。 7月17日晚间，纵横股份（688070.SH）公告显示，公司控股股东、实际控制人任斌离婚案终审判决， 结果为准予邝明芳与任斌离婚，同时任斌持有上市公司2050.2万股股份中的999.6万股股份归邝明芳所 有。 按照公告日当天收盘价53.76元/股计算，任斌此次离婚"分手费"达5.37亿元，仍为公司实际控制人。 近年来，纵横股份业绩并不理想，2021年至2024年，公司净利润连续四年亏损，累计亏损1.49亿元。 由此来看，经过二审，任斌"省下"1.24亿元"分手费"。 2025年2月，纵横股份发布的2025年限制性股票激励计划（草案）显示，其中一条考核目标为"2025年净 利润为正"。 7月17日晚间，纵横股份发布的业绩预告显示，公司预计上半年实现净利润-3468.45万元左右，尽管同 比减亏，但仍是亏损状态。 由此来看，纵横股份2025年全年盈利目标面临的困难不小。 任斌直接持股比例降至12% 7月17日晚间，纵横股份发布公告显示，近日公司收到控股股东、实际控制人任斌通知，得知其收到四 川省成都市中级人民法院《民事判决书》。四川省成都市中级人民法院 ...

Core Viewpoint - The divorce settlement of the actual controller of Chengdu Zongheng Automation Technology Co., Ltd. resulted in a reduction of shares allocated to the ex-wife, but the market value of those shares increased significantly from 433 million yuan to 537 million yuan [1][2][3]. Group 1: Share Distribution and Market Value - The court ruling awarded 999.6 million shares to the ex-wife, with a market value of 537 million yuan based on the closing price of 53.76 yuan per share on July 17 [2][3]. - After the share distribution, the actual controller's ownership percentage decreased from 23.41% to 12%, while the ex-wife's ownership increased to 11.41%. However, the actual controller still maintains a controlling interest of 44.76% through agreements with other shareholders [3][4]. Group 2: Company Financial Performance - Zongheng Automation reported an expected revenue of approximately 135 million yuan for the first half of 2025, reflecting a year-on-year growth of 61.72%. However, the net profit attributable to shareholders is projected to be a loss of 34.68 million yuan, an improvement from a loss of 53.02 million yuan in the same period last year [6]. - The company has faced continuous losses for four consecutive years since its listing, despite annual revenue growth. In 2024, the total revenue was 474 million yuan, a year-on-year increase of 57.14%, but the net profit loss was 35.79 million yuan, an improvement from a loss of 64.50 million yuan the previous year [6][8].

Core Insights - The company expects to achieve an operating revenue of 135 million yuan in the first half of 2025, representing a year-on-year increase of 61.72%. However, it anticipates a net loss attributable to shareholders of 34.68 million yuan, an improvement from a loss of 53.02 million yuan in the same period last year [1] - In 2024, the company reported an operating revenue of 474 million yuan, a year-on-year increase of 57.14%, with a net loss of 35.79 million yuan, which is a 44.61% improvement compared to the previous year [3] Company Performance - The company is recognized as a leading player in the domestic industrial drone sector, leveraging a comprehensive range of industrial drone products, strong software technology, and extensive application experience [1] - The company is actively promoting the application of drones in various vertical industries such as smart governance, emergency response, energy, forestry, environmental protection, and transportation [1] - The company has developed a low-altitude data service system combining "unmanned systems + Zongheng Cloud + AI," which has been implemented in several cities, achieving a closed loop in commercial applications of the low-altitude economy [1] Market Development - The company is accelerating the development and application verification of multiple drone models in the low-altitude logistics sector and has invested in the Sichuan Low-altitude Economic Industry Development Co., Ltd. to expedite product commercialization [1] - The company is also focusing on expanding its overseas market presence and is committed to promoting the sales of various drone models internationally [1] Leadership Information - The chairman and general manager of the company, Ren Bin, has a diverse background in aerodynamics and software solutions, having held various positions in related fields since 1993 [3] - The vice general manager, Zhang Jun, has been with the company since 2012, progressing through various roles before becoming vice general manager in 2021 [4]