公司代码：688070 公司简称：纵横股份 成都纵横自动化技术股份有限公司 2026 年第一次临时股东会会议资料 二〇二六年一月 1 成都纵横自动化技术股份有限公司 2026年第一次临时股东会会议资料 成都纵横自动化技术股份有限公司 2026年第一次临时股东会会议资料 成都纵横自动化技术股份有限公司 2026 年第一次临时股东会会议资料 目录 | 2026 | 年第一次临时股东会会议须知 3 | | --- | --- | | 2026 | 年第一次临时股东会会议议程 6 | | 2026 | 年第一次临时股东会会议议案 9 | | | 议案一：关于公司符合向特定对象发行 A 股股票条件的议案 10 | | | 议案二：关于公司 2025 年度向特定对象发行 A 股股票方案的议案 11 | | | 议案三：关于公司 2025 年度向特定对象发行 A 股股票预案的议案 15 | | | 议案四：关于公司 2025 年度向特定对象发行 A 股股票方案的论证分析报告 | | | 的议案 16 | | | 议案五：关于公司 2025 年度向特定对象发行 A 股股票募集资金使用的可行 | | | 性分析报告的议案 17 ...

Core Viewpoint - The recent revision of the Civil Aviation Law, effective from July 1, 2026, signals a systematic upgrade in the legal and policy environment for the low-altitude economy, encouraging the cultivation of the general aviation market and indicating strong national support for high-quality development in this sector [1] Group 1: Company Performance - In the first three quarters of 2025, the company achieved approximately 320 million yuan in revenue, a year-on-year increase of over 57%, with third-quarter revenue reaching 190 million yuan, up 54% year-on-year [2] - The company's net profit attributable to shareholders was 16.52 million yuan, marking a return to profitability and a continuation of growth [2] - The company ranked fourth in revenue growth rate within the low-altitude economy sector, with a stock price increase of 56.94% year-to-date, reflecting strong market performance [2] Group 2: Technological and Product Development - The company has built a comprehensive product line in the industrial drone system sector, focusing on high-value segments of the low-altitude economy, including fixed-wing, vertical take-off and landing, and heavy-lift drones [2] - The company is enhancing its product development and system delivery capabilities through a planned fundraising of up to 548 million yuan, aimed at industrializing unmanned systems and improving AI technology capabilities [4] - The company’s unmanned systems have been recognized with awards, showcasing its leading research and development strength in low-altitude infrastructure [5] Group 3: Market Expansion and Strategy - The company is implementing a dual development strategy focusing on "low-altitude digital economy + overseas markets," actively promoting infrastructure construction and application integration in the domestic market [6] - The company is exploring new cooperation models for low-altitude data sharing and system co-construction, enhancing user engagement and business sustainability [7] - The company has initiated international qualification applications for heavy-lift drone systems, targeting the needs of "Belt and Road" partners and emphasizing localized operational capabilities [7]

Group 1 - The core point of the news is that Zongheng Co., Ltd. has seen a stock price increase of 5.04%, reaching 58.19 CNY per share, with a total market capitalization of 5.096 billion CNY [1] - Zongheng Co., Ltd. specializes in the research, production, sales, and services of industrial drone-related products, with its main business revenue composition being 68.97% from drone systems, 13.69% from drone services, 9.13% from other sources, and 8.20% from drone accessories [1] Group 2 - According to data from the top ten heavy positions of funds, one fund under Debang Fund has a significant holding in Zongheng Co., Ltd. The Debang Emerging Industry Mixed Fund A (023674) increased its holdings by 966 shares in the third quarter, now holding 27,300 shares, which accounts for 4.84% of the fund's net value [2] - The Debang Emerging Industry Mixed Fund A (023674) has a total scale of 13.6343 million CNY and has achieved a return of 2.59% since its establishment on March 25, 2025 [2]

Group 1 - Fenglong Co., Ltd. has no plans for restructuring or listing through the company in the next 36 months [1] - Wu Zhi Electromechanical's business in robotics and commercial aerospace accounts for approximately 1% of its main business revenue [1] Group 2 - Zhongse Co., Ltd.'s subsidiary plans to invest in a lead-zinc mining expansion project with a capacity of 1.65 million tons per year [1] - Tianyuan Co., Ltd.'s subsidiary intends to invest in a project to produce 100,000 tons of titanium dioxide via chlorination [1] Group 3 - Zhejiang Construction Investment's subsidiary signed a construction contract worth 1.8 billion yuan [1] - Jinpan Technology signed a contract worth approximately 696 million yuan for a data center project [1] - Shensi Electronics won a bid for the construction of low-altitude support facilities for the Jinan digital low-altitude flight management service platform [1] Group 4 - Yalake Co., Ltd. plans to acquire a 51% stake in Wukuang Salt Lake [1] - Shengxin Lithium Energy's subsidiary intends to acquire a 30% stake in Qicheng Mining [1] - Jiete Biological plans to acquire 70% of Jieke Membrane for 7.9199 million yuan [1] Group 5 - Baili Tianheng plans to repurchase shares worth 100 million to 200 million yuan [2] - Zhongju Gaoxin intends to repurchase shares worth 300 million to 600 million yuan [2] - Jiete Biological plans to repurchase shares worth 15 million to 30 million yuan [1][2] Group 6 - Zijin Mining expects a net profit increase of approximately 59% to 62% for the year 2025 [2] - Zongheng Co., Ltd. plans to raise no more than 548 million yuan through a private placement [2]

Core Viewpoint - The company, Zongheng Co., Ltd. (688070.SH), plans to raise up to 548 million yuan through a private placement to enhance its capabilities in drone systems and AI technology, marking a significant step in its low-altitude digital economy strategy and driving performance improvement [1] Group 1: Investment and Project Focus - The private placement will focus on three main areas: the development of new unattended aerial inspection systems, key technology research for large fixed-wing drones, and AI capability enhancement, with a total investment of 144 million yuan [3] - The company aims to create a low-altitude AI model and automated training system tailored for specific industries such as transportation, agriculture, and emergency response, facilitating rapid integration and deployment of AI solutions [3] Group 2: AI and Industry Integration - The integration of AI technology with low-altitude drones is a confirmed industry trend, supported by government policies aimed at advancing autonomous flight and intelligent decision-making capabilities [2] - The company has developed a comprehensive AI solution that enhances drone capabilities in complex environments, providing end-to-end intelligent services and achieving a transformative upgrade in the integration of AI and drone technology [4] Group 3: Business Development and Performance - The company has successfully implemented its "unattended + cloud platform + AI" model across various regions, demonstrating the scalability of low-altitude economic applications and providing a replicable development framework for the industry [5] - For the first nine months of 2025, the company reported a 57.01% year-on-year increase in revenue, with a significant reduction in net losses, indicating a positive growth trajectory [6] Group 4: Dividend Policy and Future Outlook - The company has announced a dividend plan for the next three years (2026-2028), committing to distribute at least 10% of its distributable profits as cash dividends, reflecting confidence in future profitability [7]

截至预案公告日，本次发行尚未确定具体的发行对象，因而无法确定发行对象与公司的关系。 截至预案公告日，公司控股股东为任斌，直接持有公司11.42%的股份，通过海南永信大鹏企业管 理中心（有限合伙）间接控制公司10.18%的股份。任斌的一致行动人王陈、陈鹏分别直接持有公司 11.72%、5.74%的股份。任斌直接及间接控制公司39.08%的股份，为公司的实际控制人。本次发行完成 后，任斌及其一致行动人持有的公司股份比例将有所下降，但任斌仍为上市公司的控股股东、实际控制 人。本次发行不会导致公司控制权发生变化。 纵横股份2021年2月10日在上交所科创板上市，发行数量为21,900,000股，发行价格为23.16元/股， 保荐机构（主承销商）为国泰君安证券股份有限公司（现为国泰海通证券股份有限公司），保荐代表人 为蒋杰、徐开来。 公司募集资金总额为50,720.40万元，扣除发行费用后募集资金净额为44,600.52万元，据公司招股 书，公司拟募集资金45,086.31万元，计划用于大鹏无人机制造基地项目、研发中心建设项目、补充流动 资金。 中国经济网北京12月31日讯 纵横股份(688070.SH)昨晚披露202 ...

Group 1 - Zijin Mining expects a net profit of approximately 51-52 billion yuan for 2025, representing a year-on-year increase of about 59%-62% due to growth in gold, copper, and silver production and sales prices, along with a significant increase in lithium carbonate production [1] - Tianpu Co. has seen its stock price rise by 718.39% from August 22 to December 30, leading to a suspension for stock trading review due to significant deviation from the company's fundamentals [1] - Salt Lake Co. plans to acquire 51% of Wenkang Salt Lake for 4.605 billion yuan, which will enhance its competitive edge in lithium and potassium resource development [1] Group 2 - Mingde Bio intends to acquire 100% of Wuhan Bikaier Rescue Supplies Co. in a cash transaction, which is expected to constitute a major asset restructuring [2] - Jiamei Packaging has announced that it may apply for a trading suspension if its stock price continues to rise abnormally, despite no significant changes in its fundamentals [2] Group 3 - Jinpan Technology signed a contract worth approximately 696 million yuan for an overseas data center project, which is expected to positively impact the company's long-term performance [3] Group 4 - China Pharmaceutical plans to acquire 70% of Zezheng Pharmaceutical for 525 million yuan [4] - Shengxin Lithium Energy intends to acquire 30% of Qicheng Mining for 2.08 billion yuan to increase its control over Huirong Mining [5] - China Aluminum's subsidiary plans to acquire 51% of Yun Aluminum Logistics for 264 million yuan [5]

Company Announcements - Tianpu Co., Ltd. has seen a cumulative increase of 718.39% in stock price from August 22 to December 30, leading to a suspension for verification starting December 31, 2025 [1] - Dongjie Intelligent has terminated its major asset restructuring plan and will resume trading on December 31, 2025 [2] - Zijin Mining expects a net profit increase of 59%-62% for 2025, with significant increases in the sales prices of gold, copper, and silver [2] - Jinpan Technology signed a contract for an overseas data center project worth approximately 696 million yuan [3] - Yanhai Co., Ltd. plans to acquire 51% of Wenkang Salt Lake for 4.605 billion yuan to enhance its salt lake industry base [5] - Shengxin Lithium Energy intends to acquire 30% of Qicheng Mining for 2.08 billion yuan, which is developing a lithium mine with an annual capacity of 3 million tons [7] - Mingde Bio plans to acquire 100% of Wuhan Bikaier Rescue Supplies Co., Ltd. in a significant asset restructuring [8] - Guotou Zhonglu plans to issue shares to acquire 100% of China Electronics Engineering Design Institute for 6.026 billion yuan [9] - Zhaoxing Co., Ltd. plans to invest 1.53 billion yuan in intelligent robotics and high-precision components for automotive applications [10] Stock Movements - Chaojie Co., Ltd. reported a reduction of 3.00% in shares by its controlling shareholder from November 25 to December 29, 2025 [6] - Five Continents New Spring's third-largest shareholder reduced holdings by 2.73% from November 3 to December 29, 2025 [13] - Zhongju Gaoxin plans to repurchase shares worth 300 million to 600 million yuan for capital reduction [20] Contracts and Projects - Zhejiang Construction signed an 18 billion yuan construction contract for a campus project [23] - Shen Si Electronics won a 199.8 million yuan project for low-altitude flight management services in Jinan [24] - Wangfujing signed a contract for a duty-free project at Beijing Capital International Airport, with a minimum operating fee of 113 million yuan [25] Investments and Financing - Tianyuan Co., Ltd. plans to invest 1.483 billion yuan in a titanium dioxide project [15] - Zhongke Co., Ltd. plans to invest 1.741 billion yuan in an expansion project for lead-zinc mining [16] - Zongheng Co., Ltd. plans to raise up to 548 million yuan for drone systems and AI technology projects [26]

Investment Rating - The report does not explicitly provide an investment rating for the drone industry Core Insights - The Chinese drone industry has become a strategic emerging industry driven by national strategy, with a leading global market size and a complete industrial chain, transitioning from "manufacturing-led" to "technology-driven and ecosystem construction" [1] - The industry faces multiple challenges, including reliance on imported core technologies, long commercial return cycles, and international compliance and geopolitical risks, with future development focusing on intelligence, greening, airspace digitization, and market diversification [1] Strategic Positioning and Policy Support - The drone industry has rapidly developed under coordinated policy design, airspace management reform, and infrastructure construction, establishing a solid foundation for the large-scale application of the low-altitude economy [2] - The industry is defined as unmanned aerial vehicles operating in low-altitude airspace, which is recognized as a core carrier of the low-altitude economy [2] - A comprehensive policy framework has been established, including mandatory national standards and regulations to support the industry's standardized development [3][4] Market Size and Import-Export Patterns - The global drone market is projected to grow from USD 35.28 billion in 2024 to USD 67.64 billion by 2029, with a compound annual growth rate (CAGR) of 13.90% [5] - The Chinese civil drone market is expected to reach approximately CNY 146.8 billion in 2024, with a forecasted market size exceeding CNY 400 billion by 2030, reflecting a CAGR of 18.3% from 2024 to 2030 [5] - China remains the world's largest drone manufacturer and exporter, with significant growth in both export volume and value [6][7] Industry Chain Structure and Layout - The Chinese drone industry has established a complete industrial chain from upstream core components to midstream manufacturing and downstream application services, showcasing global competitiveness [11] - The upstream sector includes critical components such as flight control systems and sensors, with a high reliance on imports for advanced technologies [13] - The midstream focuses on the research and production of consumer, industrial, and military drones, with leading companies dominating various segments [14] - The downstream application services cover logistics, agriculture, power inspection, and emergency rescue, with significant market shares held by key players [14] Core Challenges and Future Development Trends - The industry faces challenges such as reliance on imported high-end components, high commercialization costs in industrial applications, and complex certification processes [16] - Future trends indicate a shift towards intelligent, autonomous, and green technologies, with eVTOLs emerging as a new avenue for urban air mobility [17][18] - The integration of low-altitude economy and digital infrastructure is expected to enhance operational efficiency and regulatory compliance [18]

在提升纵横股份现有产品性能与完善产品谱系的同时，无人机AI提升项目将实现"无人机本体平台升级 →飞行任务的AI综管→任务的AI智能处理与分发"全作业链条的智能化有机协同能力。 纵横股份表示，通过实施无人机系统项目，公司将大幅提升无人值守系统与中空长航时大型固定翼无人 机的研发和量产能力，完善全方位、全场景、全系统低空数字经济解决方案，开拓长航时、大载重等应 用场景的客户需求。 经测算，无人机系统项目达产后，预计项目税后内部收益率17.26%，静态投资回收期(税后)6.13年(含建 设期)，项目经济效益良好。 无人机系统研制与AI技术能力提升项目(即：无人机AI提升项目)投资总额为1.44亿元，拟投入募资1.36 亿元。项目将主要针对新型无人值守空中智能巡检系统产品开发、大型固定翼无人机关键技术研究、 AI能力提升等方面进行研制与研究。 纵横股份(688070)12月30日晚间发布定增预案，公司拟向不超过35名(含35名)特定对象发行不超过 2647.40万股(含本数)股份，募集不超过5.48亿元资金。公司拟将募资净额投入无人机AI技术提升等三大 项目。 目前，任斌直接及间接控制纵横股份39.08%的股份，为公 ...