格隆汇11月27日｜有投资者在互动平台向灿勤科技提问：公司招股书显示，在我国首个火星探测器"天 问一号"中，公司配套研制的UHF频段大功率全介质填充双工器在国内属于首创，"代表了该频段航天产 品的最高技术水平"。请问上述内容是否属实？及公司各种产品在国家深空航天探测中还应用在了哪些 项目上？ 灿勤科技回复称，公司参与我国首个火星探测器"天问一号"，配套研制的大功率全介质填充 双工器，被航天五院评价为"在国内属于首创，代表了该频段航天产品的最高技术水平"。公司招股说明 书内容真实、准确、完整。公司产品在国家深空航天探测中还应用于星网计划、嫦娥探月工程、北斗卫 星导航系统等国家重大航天项目。 ...

证券代码：688182 证券简称：灿勤科技 公告编号：2025-034 江苏灿勤科技股份有限公司 关于变更签字注册会计师的公告 立信中联作为公司聘任的2025年度财务报告的审计机构，原指派冯海淼作为 签字会计师为公司提供审计服务。鉴于立信中联内部工作调整，现委派王涵接替 冯海淼作为签字会计师，继续完成公司2025年度财务报表审计和内部控制审计相 关工作。变更后的签字注册会计师为唐健、王涵。 二、本次变更签字注册会计师的基本信息 王涵女士，高级经理，2016年成为中国注册会计师，2014年开始从事上市公 司审计业务，2025年开始在立信中联会计师事务所工作。王涵女士近三年参与过 多家上市公司审计工作。 本人最近3年未受到任何刑事处罚及行政处罚，未因执业行为受到证券监督 管理机构的行政监督管理措施，未因执业行为受到证券交易所、行业协会等自律 组织的自律监管措施、纪律处分，无不良诚信记录。 三、对公司的影响 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。 江苏灿勤科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 ...

Core Points - The Shanghai Composite Index is at 4008.92 points, above the annual line, with a change of 0.22% [1] - A total trading volume of A-shares reached 894.89 billion yuan today [1] - 39 A-shares have surpassed the annual line, with notable stocks including Hangxin Technology, Liwang Co., and Chuanfa Longmang, showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 4008.92 points, reflecting a 0.22% increase [1] - The total trading volume for A-shares today is 894.89 billion yuan [1] Stocks Surpassing Annual Line - 39 A-shares have crossed the annual line, with the highest deviation rates recorded for: - Hangxin Technology: 4.59% - Liwang Co.: 3.56% - Chuanfa Longmang: 3.27% [1] - Other stocks with smaller deviation rates include: - Jiuzhou Group - Dali Kaipu - Tiens Wind Power [1] Detailed Stock Data - Notable stocks and their performance: - Hangxin Technology: +4.52%, turnover rate 5.95%, latest price 17.34 yuan, deviation rate 4.59% [1] - Liwang Co.: +5.42%, turnover rate 5.46%, latest price 28.02 yuan, deviation rate 3.56% [1] - Chuanfa Longmang: +3.57%, turnover rate 3.12%, latest price 13.07 yuan, deviation rate 3.27% [1]

Core Insights - On November 11, 2023, Canqin Technology's stock fell by 1.22% with a trading volume of 99.35 million yuan [1] - As of November 11, 2023, the total margin balance for Canqin Technology was 276 million yuan, indicating a high level of margin activity [1][2] Financial Performance - For the period from January to September 2025, Canqin Technology reported a revenue of 491 million yuan, representing a year-on-year growth of 82.47% [2] - The net profit attributable to shareholders for the same period was 86.24 million yuan, showing a year-on-year increase of 72.33% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Canqin Technology reached 12,300, an increase of 35.65% compared to the previous period [2] - The average number of circulating shares per shareholder decreased by 26.28% to 32,536 shares [2] - The company has distributed a total of 114 million yuan in dividends since its A-share listing, with 81.5 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the eighth largest circulating shareholder, holding 2.19 million shares as a new shareholder [3] - The tenth largest circulating shareholder, Huatai-PineBridge Innovation Mixed Fund, held 1.07 million shares, also as a new shareholder [3] - Shenwan Hongyuan New Economy Mixed A Fund has exited the list of the top ten circulating shareholders [3]

Investment Rating - The industry investment rating is "Positive" and maintained [10] Core Insights - The report highlights that with the continuous development of AI, its enormous power consumption on the ground may lead to space data centers becoming a viable solution. Notable advancements include Nvidia's deployment of H100 GPUs in space and Elon Musk's plans to expand the Starlink V3 satellite scale, aiming for an annual deployment of 100GW of data centers within 4-5 years. Google has also initiated the "Sun Catcher Project," planning to launch prototype satellites equipped with Trillium TPU by early 2027, suggesting that space may become the optimal location for scaling AI computing [2][6] Summary by Sections Event Description - In November 2025, Nvidia sent its H100 GPU into space. Elon Musk announced plans to expand Starlink V3 and build space data centers, targeting 100GW of deployment annually within 4-5 years. Google plans to launch two prototype satellites in early 2027 to deploy AI computing directly in space [2][6] Event Commentary - The satellite industry faces high networking costs and challenges in commercial viability. Solutions include reducing manufacturing and launch costs and improving constellation efficiency. The report suggests focusing on companies generating revenue from 2023-2025, such as Canqin Technology, which may benefit from the explosive growth in capital expenditures from downstream operators. In the application explosion phase, attention should be on core operators and manufacturers with mass production capabilities in chip and basic components, recommending Haige Communication. Additionally, Fenghuo Communication is expanding into new industries, which may become a significant growth direction [8] Technological Advancements - Space data centers can leverage the unique environment of space, achieving zero energy consumption for cooling due to near -270°C temperatures and high solar power efficiency of 95%. Low Earth orbit satellite networks can provide high-speed access to 3 billion unconnected people. The report notes that advancements in reusable rocket technology are rapidly addressing cost challenges, with SpaceX reducing launch costs to around $1,000 per kilogram [8]

Core Insights - The stock of Canqin Technology increased by 0.04% on November 6, with a trading volume of 72.14 million yuan [1] - As of November 6, the total margin balance of Canqin Technology reached 278 million yuan, indicating a high level of financing activity [1] - For the period from January to September 2025, Canqin Technology reported a revenue of 491 million yuan, representing a year-on-year growth of 82.47% [2] Financing and Margin Trading - On November 6, Canqin Technology had a financing buy amount of 9.08 million yuan and a financing repayment of 10.19 million yuan, resulting in a net financing outflow of 1.12 million yuan [1] - The current financing balance of 278 million yuan accounts for 2.75% of the circulating market value, which is above the 90th percentile of the past year [1] - There were no shares sold or repaid in the securities lending market on November 6, with a lending balance of 0.00 yuan, indicating a high level of inactivity [1] Company Performance - As of September 30, 2025, Canqin Technology had 12,300 shareholders, an increase of 35.65% from the previous period, while the average circulating shares per person decreased by 26.28% [2] - The company has distributed a total of 114 million yuan in dividends since its A-share listing, with 81.5 million yuan distributed over the past three years [3] - Notable new institutional shareholders include Hong Kong Central Clearing Limited and Huatai-PineBridge Innovation Mixed Fund, which have recently entered the top ten circulating shareholders [3]

证券代码：688182 证券简称：灿勤科技 公告编号：2025-033 江苏灿勤科技股份有限公司 2025年第二次临时股东会决议公告 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。 重要内容提示： （二） 股东会召开的地点：张家港保税区金港路 266 号灿勤科技会议室 （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 | 86 | | --- | --- | | 普通股股东人数 | 86 | | 2、出席会议的股东所持有的表决权数量 | 282,058,995 | | 普通股股东所持有表决权数量 | 282,058,995 | | 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 | 70.5147 | | 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（%） | 70.5147 | （四） 表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 本次股东会由公司董事会召集，董事长朱田中先生主持，会议采取 ...

北京市盈科律师事务所 关于江苏灿勤科技股份有限公司 2025 年第二次临时股东会的 法律意见书 北京市盈科律师事务所 北京市朝阳区金和东路 20 号院正大中心 2 号楼 19-25 层 电话：8610-59689901 传真：8610-59689906 见证法律意见书 目录 | 一、 本次会议的召集 . | | --- | | 二、 本次会议的召开 . | | 三、 本次会议出席人员的资格 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 2 | | 四、 本次会议没有对会议通知中未列明的事项进行表决;没有修改列入会议议程的提案.3 | | 五、 本次会议的表决程序和表决结果 | | 六、结论意见 . | 见证法律意见书 北京市盈科律师事务所 关于江苏灿勤科技股份有限公司 2025 年第二次临时股东会的法律意见书 致：江苏灿勤科技股份有限公司 北京市盈科律师事务所（以下简称"本所"）接受江苏灿勤科技股份有限公司 （以下简称"公司"）之委托，委派本所律师出席了 ...

Market Overview - The communication equipment sector experienced a decline of 1.24% on November 4, with Dongtu Technology leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable gainers included: - Meixin Technology (code: 301577) with a closing price of 67.90, up 9.13% [1] - Nanjing Panda (code: 600775) with a closing price of 12.55, up 3.89% [1] - Lian Te Technology (code: 301205) with a closing price of 118.23, up 3.17% [1] - Significant decliners included: - Dongtu Technology (code: 300353) with a closing price of 23.53, down 6.03% [2] - Sinan Navigation (code: 688592) with a closing price of 39.07, down 4.38% [2] - Canqin Technology (code: 688182) with a closing price of 25.16, down 4.19% [2] Capital Flow - The communication equipment sector saw a net outflow of 2.988 billion yuan from institutional investors, while retail investors had a net inflow of 1.729 billion yuan [2] - The capital flow for individual stocks showed: - Xinyi Technology (code: 300502) had a net inflow of 3.27 billion yuan from institutional investors [3] - Shijia Photon (code: 688313) had a net inflow of 2.18 million yuan from institutional investors [3] - Nanjing Panda (code: 600775) had a net inflow of 84.57 million yuan from institutional investors [3]

Core Viewpoint - Cankun Technology, a leading manufacturer of microwave dielectric ceramic components in China, has shown significant growth potential driven by new product launches and market expansion, particularly in the 5G-A sector [6] Group 1: Company Overview - Cankun Technology was established on April 9, 2004, and listed on the Shanghai Stock Exchange on November 16, 2021, with its headquarters in Suzhou, Jiangsu Province [1] - The company specializes in the research, production, and sales of microwave dielectric ceramic components, operating within the communication equipment sector and involved in various emerging technology fields [1] Group 2: Financial Performance - For Q3 2025, Cankun Technology reported revenue of 491 million yuan, ranking 30th among 36 companies in the industry, significantly lower than the top competitors [2] - The company's net profit for the same period was approximately 88.23 million yuan, placing it 17th in the industry, again trailing behind leading firms [2] Group 3: Financial Ratios - As of Q3 2025, Cankun Technology's debt-to-asset ratio was 15.10%, an increase from 13.43% year-on-year, but still below the industry average of 38.12%, indicating strong solvency [3] - The gross profit margin for the same period was 32.62%, up from 30.99% year-on-year, and higher than the industry average of 30.08%, reflecting robust profitability [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 35.65% to 12,300, while the average number of shares held per shareholder decreased by 26.28% [5] - New significant shareholders include Hong Kong Central Clearing Limited and Huatai-PineBridge Innovation Mixed Fund, while a previous major shareholder exited the top ten list [5] Group 5: Growth Prospects - Cankun Technology is expected to see rapid revenue and profit growth in 2025, driven by new product mass production and market expansion, particularly in the 5G-A and HTCC sectors [6] - The company anticipates a significant market opportunity in the ceramic dielectric waveguide filter segment, especially with the rise of low-altitude economy applications [6] - Forecasted net profits for 2025 to 2027 are projected at 104 million, 214 million, and 362 million yuan, respectively, with substantial year-on-year growth rates [6]