Group 1 - The controlling shareholder of Zhiyang Innovation, Zibo Zhiyang Holdings, holds approximately 78.1 million shares, accounting for about 33.71% of the total share capital of approximately 232 million shares [1] - Zhiyang Innovation's controlling shareholder and its concerted action party plan to reduce their holdings by a total of up to approximately 4.22 million shares, with Zibo Zhiyang Holdings reducing up to 2.3 million shares and Zhiyang Investment reducing up to 1.92 million shares [1] - The planned share reduction is due to the shareholders' personal funding needs, and the shares being reduced are all unrestricted tradable shares [1] Group 2 - For the year 2024, Zhiyang Innovation's revenue composition is as follows: 82.57% from the power industry, 9.58% from the rail transit industry, 7.49% from the water conservancy industry, 0.26% from other businesses, and 0.1% from other industries [2] - As of the report, Zhiyang Innovation has a market capitalization of 6.9 billion yuan [2]

Core Viewpoint - The company, Zhiyang Innovation (688191.SH), announced a share reduction plan by its controlling shareholder, Zhiyang Holdings, and its concerted party, Zhiyang Investment, due to personal funding needs [1] Summary by Relevant Sections Share Reduction Plan - Zhiyang Holdings and Zhiyang Investment plan to reduce their total shareholding by up to 4.225 million shares, which accounts for approximately 1.8239% of the company's total share capital [1] - Specifically, Zhiyang Holdings intends to reduce its holdings by up to 2.3 million shares, representing about 0.9929% of the total share capital, while Zhiyang Investment plans to reduce its holdings by up to 1.925 million shares, accounting for approximately 0.8310% of the total share capital [1] Directed Reduction Details - The reduction will include directed sales, with Liu Guoyong reducing indirect holdings by up to 500,000 shares and Zhao Yanqing reducing indirect holdings by up to 1.425 million shares [1] - Due to the status of Zhiyang Holdings and Zhiyang Investment as controlling shareholders and actual controllers, the total shares reduced through centralized bidding will not exceed 2.3165 million shares, which is 1.00% of the company's total share capital [1]

因智洋控股及智洋投资均为公司控制股东、实控人及一致行动人，根据相关规定本次减持双方通过集中 竞价减持股份合计不超过231.65万股（不超过公司总股本的1.00%）。 格隆汇9月29日丨智洋创新(688191.SH)公布，公司于近日收到控股股东智洋控股及其一致行动人智洋投 资出具的《关于减持股份计划的告知函》，因股东自身资金需求，控股股东智洋控股及其一致行动人智 洋投资计划通过集中竞价及大宗交易方式减持其所持有的公司股份合计不超过422.5万股（不超过公司 总股本的1.8239%），其中，智洋控股通过集中竞价或者大宗交易方式减持股份不超过230万股，减持 比例不超过公司总股本的0.9929%；智洋投资通过集中竞价或者大宗交易方式减持股份不超过192.5万 股，减持比例不超过公司总股本的0.8310%。本次智洋投资减持部分为定向减持，其中刘国永减持间接 持有公司股份不超过50万股，赵砚青减持间接持有公司股份不超过142.5万股。 ...

证券代码：688191 证券简称：智洋创新 公告编号：2025-050 减持计划的主要内容 公司于近日收到控股股东智洋控股及其一致行动人智洋投资出具的《关于减 持股份计划的告知函》，因股东自身资金需求，控股股东智洋控股及其一致行动 人智洋投资计划通过集中竞价及大宗交易方式减持其所持有的公司股份合计不 超过 4,225,000 股（不超过公司总股本的 1.8239%），其中，智洋控股通过集中竞 价或者大宗交易方式减持股份不超过 2,300,000 股，减持比例不超过公司总股本 的 0.9929%；智洋投资通过集中竞价或者大宗交易方式减持股份不超过 1,925,000 股，减持比例不超过公司总股本的 0.8310%。本次智洋投资减持部分为定向减持， 其中刘国永减持间接持有公司股份不超过 500,000 股，赵砚青减持间接持有公司 股份不超过 1,425,000 股。 智洋创新科技股份有限公司 控股股东及其一致行动人减持股份计划公告 本公司董事会、全体董事及相关股东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： 控股股东及其一致行动 ...

Core Viewpoint - The controlling shareholder and its concerted parties of Zhiyang Innovation plan to reduce their holdings by no more than 1.82% of the company's shares [1] Group 1 - The proposed reduction in shareholding indicates a strategic move by the controlling shareholder and may impact market perception of the company [1] - The reduction of up to 1.82% suggests a potential liquidity event for the company’s shares, which could influence trading volumes [1]

Group 1 - The core point of the article is that Zhiyang Innovation (688191) announced a plan for its controlling shareholder, Zhiyang Holdings, and its concerted party, Zhiyang Investment, to reduce their holdings in the company by up to 4.225 million shares, which accounts for no more than 1.8239% of the total share capital [1] Group 2 - The reduction of shares will be executed through centralized bidding and block trading methods [1] - The announcement was made on September 29, indicating a strategic move by the controlling shareholders [1] - This reduction in shareholding may impact the market perception of the company and its stock performance [1]

Core Viewpoint - Zhiyang Innovation (688191.SH) announced a plan for its controlling shareholder to reduce its stake in the company by up to 4,225,000 shares, representing no more than 1.8239% of the total share capital [1] Summary by Relevant Categories Shareholder Actions - The controlling shareholder, Zibo Zhiyang Holdings Co., Ltd., along with its concerted action party, Zibo Zhiyang Investment Partnership (Limited Partnership), intends to reduce their holdings through centralized bidding and block trading [1] Reduction Timeline - The reduction period is set from October 29, 2025, to January 28, 2026 [1]

Core Points - The article discusses the preliminary evaluation results of the 2025 National Science and Technology Awards, highlighting the projects that have passed the initial review [2][3][5]. Group 1: National Natural Science Award - A total of 60 projects have passed the preliminary evaluation for the National Natural Science Award [2]. - These projects will be publicly announced on the National Science and Technology Management Information System platform [2]. Group 2: National Technology Invention Award - 51 general projects and 20 specialized projects have passed the preliminary evaluation for the National Technology Invention Award [2]. - The specialized projects will be internally announced within the relevant management and nomination units [2]. Group 3: National Science and Technology Progress Award - 134 general projects and 37 specialized projects have passed the preliminary evaluation for the National Science and Technology Progress Award [2]. - Similar to the Technology Invention Award, specialized projects will be internally announced [2]. Group 4: Objection Process - Individuals or organizations can raise objections to the announced projects within 15 days of the public announcement, following specific regulations [2]. - Objections must be submitted in writing and include necessary evidence, with personal submissions requiring identification details [2].

Investment Rating - The report maintains a "Buy" rating for the company [4][12]. Core Insights - The company launched the new "SF-X1" satellite-denial embodied intelligent drone at the Huawei Connect Conference, showcasing its wide application scenarios [1]. - The SF-X1 drone features seamless indoor and outdoor positioning, autonomous flight path planning, and real-time decision-making capabilities, even in environments where satellite signals are disrupted [2]. - The drone is equipped with advanced technologies such as a full-range obstacle avoidance system, high-definition imaging capabilities, and robust physical protection, making it suitable for complex industrial environments [3]. Financial Summary - The company is projected to achieve a net profit attributable to the parent company of 0.81 billion, 1.24 billion, and 1.83 billion yuan for the years 2025, 2026, and 2027, respectively [4]. - Revenue forecasts indicate growth from 798 million yuan in 2023 to 2.12 billion yuan in 2027, reflecting a compound annual growth rate of approximately 22.63% [5]. - The earnings per share are expected to increase from 0.27 yuan in 2023 to 0.79 yuan in 2027, with a significant rise in net profit margin from 5.3% to 8.6% over the same period [5].

Core Insights - Zhiyang Innovation has launched the Star Falcon SF-X1 satellite-denial intelligent drone, aimed at enhancing infrastructure inspection and high-risk scenario exploration [1] - The SF-X1 features a multi-modal signal fusion positioning system, enabling seamless indoor and outdoor positioning, and utilizes 100 Tops computing power for intelligent flight path planning and real-time decision-making [1] - The product addresses operational challenges in satellite-denied environments, covering various applications such as cable tunnels, underground mines, substations, bridges, and urban areas [1] Company Impact - The introduction of the SF-X1 strengthens Zhiyang Innovation's technological competitiveness in the industrial intelligent equipment sector [1] - The product promotes the intelligent upgrade of drones in the industrial inspection field, enhancing operational efficiency and safety levels in infrastructure maintenance [1] - The SF-X1 supports the breakthrough of industrial productivity boundaries, providing new momentum for smart applications in various sectors [1]