Core Viewpoint - Beijing Institute of Navigation Control Technology Co., Ltd. is set to list 51,480,000 shares of restricted stock for public trading on September 18, 2025, marking the end of a 42-month lock-up period for these shares [1][16]. Group 1: Stock Listing Details - The total number of shares to be listed is 51,480,000, which represents 58.50% of the company's total share capital [2]. - The shares being listed are part of the company's initial public offering (IPO) and were subject to a lock-up period of 36 months, which has now been extended by an additional 6 months [2][16]. - The shares were initially issued as part of the IPO, which included 22,000,000 shares that were listed on March 18, 2022 [1][2]. Group 2: Shareholder Commitments - The major shareholders, including the controlling shareholders, have made commitments regarding the lock-up and reduction of their shares, ensuring compliance with relevant regulations [4][7]. - Shareholders are prohibited from transferring or managing their pre-IPO shares during the lock-up period and must adhere to specific conditions if they choose to reduce their holdings after the lock-up expires [4][10]. - The commitments include a stipulation that any reduction in shares must not occur below the IPO price and must be announced three trading days in advance [10][11]. Group 3: Regulatory Compliance - The underwriting institution, China International Capital Corporation, has verified that the shareholders have adhered to their commitments regarding the lock-up period [14][15]. - The listing of the restricted shares complies with the relevant laws and regulations governing securities issuance and trading [14][15].

证券日报网讯 9月9日晚间，理工导航发布公告称，公司本次股票上市类型为首发限售股份；股票认购 方式为网下，上市股数为51，480，000股。本次股票上市流通总数为51，480，000股。本次股票上市流 通日期为2025年9月18日。 （编辑 楚丽君） ...

截至发稿，理工导航市值为39亿元。 每经头条（nbdtoutiao）——雷军挥泪"斩"王腾，小米爱将泄密"失街亭"，大厂正风肃纪"拼牙口" （记者 王晓波） 每经AI快讯，理工导航（SH 688282，收盘价：43.96元）9月9日晚间发布公告称，公司限售股份5148万 股将于2025年9月18日解禁并上市流通，占公司总股本比例为58.5%。 2024年1至12月份，理工导航的营业收入构成为：制造业占比99.08%，其他业务占比0.92%。 ...

证券代码：688282 证券简称：理工导航 公告编号：2025-050 北京理工导航控制科技股份有限公司 关于首次公开发行部分限售股上市流通公告 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。 重要内容提示： 北京理工导航控制科技股份有限公司（以下简称"公司"）本次股票上市 类型为首发限售股份；股票认购方式为网下，上市股数为51,480,000股。 本次股票上市流通总数为51,480,000股。 本次股票上市流通日期为2025 年 9 月 18 日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2022 年 1 月 5 日出具的《关于同意北京理工导航控制科技股份有限公司首次公开发行股票注册 的批复》（证监许可〔2022〕8 号），同意公司首次公开发行股票的注册申请。公司 首次向社会公众公开发行人民币普通股（A 股）股票 22,000,000 股，并于 2022 年 3 月 18 日在上海证券交易所科创板上市，发行完成后总股本为 88,000,000 股，其 中有限售条件流通股 68 ...

一、本次上市流通的限售股类型 经中国证券监督管理委员会（以下简称"中国证监会"）于 2022 年 1 月 5 日出具 的《关于同意北京理工导航控制科技股份有限公司首次公开发行股票注册的批复》（证 监许可〔2022〕8 号），同意公司首次公开发行股票的注册申请。公司首次向社会公众 公开发行人民币普通股（A 股）股票 22,000,000 股，并于 2022 年 3 月 18 日在上海证券 交易所科创板上市，发行完成后总股本为 88,000,000 股，其中有限售条件流通股 68,346,170 股，无限售条件流通股 19,653,830 股。截止本核查意见披露之日，公司总股 本为 88,000,000 股。 本次上市流通的限售股为公司首次公开发行部分限售股，涉及限售股股东数量为 7 名，分别为汪渤、缪玲娟、董明杰、石永生、沈军、高志峰、崔燕，对应的限售股股份 数量为 51,480,000 股，占公司股本总数的 58.50%。限售期为自公司首次公开发行股票 上市之日起 36 个月，并自期满之日起延长锁定期 6 个月至 2025 年 9 月 17 日，具体情 况详见公司于 2022 年 4 月 19 日在上海证券交 ...

中国国际金融股份有限公司对理工导航首次公开发行部分限售股上市流通事项核查。2022年3月18日公 司在科创板上市，发行后总股本8800万股。本次涉及7名股东的5148万股限售股，占总股本58.50%，限 售期42个月，将于2025年9月18日上市流通。自限售股形成至今，公司股本未因利润分配等变化。相关 股东作出股份锁定及减持承诺，且均严格履行。保荐机构认为，本次限售股上市符合法规要求，信息披 露真实准确完整，对该事项无异议。 ...

Market Performance - The aerospace equipment sector increased by 1.11% on September 5, with LIGONG Navigation leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Key stocks in the aerospace equipment sector showed the following closing prices and percentage changes: - LIGONG Navigation: 43.13, up 2.71% [1] - Aerospace Huanyu: 22.86, up 1.65% [1] - StarNet Yuda: 20.55, up 1.58% [1] - Xinyu Guoke: 32.11, up 1.39% [1] - China Satellite: 32.92, up 0.34% [1] Capital Flow - The aerospace equipment sector saw a net inflow of 53.25 million yuan from institutional investors, while retail investors experienced a net outflow of 53.50 million yuan [1] - Detailed capital flow for key stocks includes: - Aerospace Electronics: 37.37 million yuan net inflow from institutions [2] - China Satellite: 30.20 million yuan net inflow from institutions [2] - StarNet Yuda: 0.72 million yuan net inflow from institutions [2]

Group 1 - The core viewpoint of the news is that Beijing Ligong Navigation Control Technology Co., Ltd. has experienced a significant decline in its stock price, dropping 5.17% on September 3, with a cumulative decline of 6.28% over three consecutive days [1] - As of the report, the stock price is at 43.62 yuan per share, with a total market capitalization of 3.839 billion yuan and a trading volume of 43.72 million yuan, indicating a turnover rate of 2.68% [1] - The company's main business involves the research, development, production, and sales of inertial navigation systems and their core components, with the revenue composition being 59.86% from inertial navigation systems, 27.61% from microwave components and modules, and smaller percentages from other services and products [1] Group 2 - Among the top ten circulating shareholders, a fund under China Europe Fund, specifically the China Europe High-end Equipment Stock Initiation A (016847), has entered the list, holding 500,000 shares, which accounts for 1.37% of the circulating shares [2] - The fund has reported a floating loss of approximately 1.19 million yuan today and a total floating loss of 1.54 million yuan during the three-day decline [2] - The China Europe High-end Equipment Stock Initiation A fund was established on November 14, 2022, with a current scale of 170 million yuan, achieving a year-to-date return of 35.82% and a one-year return of 53.88% [2]

Core Viewpoint - The company, Beijing Ligong Navigation Control Technology Co., Ltd., is experiencing fluctuations in its stock performance and financing activities, with significant growth in revenue but also a notable net loss in recent financial results [1][2]. Financial Performance - As of June 30, 2025, the company reported a revenue of 35.76 million yuan, representing a year-on-year growth of 170.36% [2]. - The net profit attributable to shareholders was -16.81 million yuan, showing a year-on-year increase in losses of 45.06% [2]. Stock and Financing Activities - On August 29, 2023, the stock price decreased by 0.75%, with a trading volume of 25.75 million yuan [1]. - The financing buy-in amount for the same day was 1.33 million yuan, while the financing repayment was 2.44 million yuan, resulting in a net financing outflow of -1.11 million yuan [1]. - The total financing and securities balance as of August 29, 2023, was 21.87 million yuan, accounting for 1.23% of the circulating market value, which is below the 30th percentile level over the past year [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 5,328, up by 11.23% from the previous period [2]. - The average circulating shares per person decreased by 10.10% to 6,854 shares [2]. Dividend Distribution - The company has distributed a total of 103 million yuan in dividends since its A-share listing, with 48.4 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, notable institutional shareholders include Guotou Ruijin National Security Mixed A, which is the third-largest shareholder with 1.2991 million shares, and several other funds that have increased their holdings [3].

Core Viewpoint - The recent financial report of Beijing Ligong Navigation Control Technology Co., Ltd. shows significant revenue growth and improving profitability metrics, despite still reporting a net loss. The company is focusing on both military and civilian markets, leveraging its strong technical capabilities and research background from Beijing Institute of Technology [1][5]. Financial Performance - The total revenue for the first half of 2025 reached 35.76 million yuan, a year-on-year increase of 170.36% [1] - The net profit attributable to shareholders was -16.81 million yuan, improving by 45.06% year-on-year [1] - In Q2 2025, total revenue was 31.42 million yuan, showing a remarkable year-on-year increase of 1545.36% [1] - The gross margin improved to 30.82%, with a year-on-year increase of 112.05% [1] - The net margin was -53.04%, reflecting a year-on-year improvement of 78% [1] Cost Management - Total selling, administrative, and financial expenses amounted to 14.10 million yuan, accounting for 39.42% of revenue, a decrease of 53.22% year-on-year [1] - The company reported a significant reduction in financial expenses relative to its operating cash flow, indicating improved cost management [3] Asset and Liability Management - Cash and cash equivalents decreased by 34.60% to 387 million yuan [1] - Accounts receivable increased by 22.98% to 251 million yuan [1] - Interest-bearing liabilities decreased by 43.96% to 22.98 million yuan [1] Market Position and Future Outlook - The company has a median ROIC of 19.84% since its listing, indicating strong investment returns historically [3] - Analysts expect the company's performance in 2025 to reach 52 million yuan, with an average earnings per share of 0.59 yuan [3] - The company is actively expanding into civilian markets while maintaining a strong foothold in military applications, enhancing its overall competitiveness [5] Fund Holdings - Notable funds have recently increased their holdings in the company, including Changcheng Industry Rotation Mixed A and Huatai-PineBridge Innovation Vitality Mixed A, indicating growing institutional interest [4]