证券代码：688282 证券简称：理工导航 公告编号：2025-043 北京理工导航控制科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购股份期间，应当在每个月的前 3 个交 易日内公告截至上月末的回购进展情况。现将公司回购股份的进展情况公告如下： 2025 年 6 月，公司未进行回购。截至 2025 年 6 月 30 日，公司通过上海证券 交易所交易系统以集中竞价交易方式回购公司股份 436,864 股，占公司总股本的比 例为 0.50%，回购成交的最高价为 25.96 元/股，最低价为 21.65 元/股，支付的资金 总额为人民币 9,973,240.93 元（不含印花税、交易佣金等交易费用）。 因公司于 2024 年 8 月 15 日完成前次股份回购方案，公司回购专用证券账户 存放前次已回购股份 5,300, ...

Core Viewpoint - The military industry sector is experiencing significant growth, with multiple stocks reaching their daily limit up, driven by upcoming events and positive performance forecasts [1]. Group 1: Market Performance - On June 25, the military sector saw strong performance, with stocks such as Zhongbing Hongjian, Hangfa Technology, and Beifang Navigation hitting their daily limit up [1]. - The upcoming grand military parade on September 3 is expected to further boost market sentiment [1]. Group 2: Profit Forecasts - According to data from Dongfang Caifu Choice, the net profit of AVIC Chengfei is projected to increase by 2971.29% by 2025 [1]. - Other companies like Huafeng Technology, Beimo Gaoke, and Ligong Navigation are also expected to see their net profits increase by over ten times by 2025 [1]. Group 3: Strategic Opportunities - Guangfa Securities emphasizes the importance of the first quarter financial report disclosures as a critical allocation window, highlighting a strategic opportunity period characterized by both domestic and foreign demand [1]. - CITIC Securities notes that global military spending is expected to rise for the tenth consecutive year in 2024, particularly in Europe and the Middle East, which may benefit Chinese military exports [1].

Summary of Key Points Core Viewpoint - The financing balance of the Sci-Tech Innovation Board has decreased by 5.05 billion yuan compared to the previous trading day, while the margin trading balance has also seen a reduction of 3.6448 million yuan, indicating a contraction in market activity [1]. Financing Balance - As of June 19, the total margin trading balance on the Sci-Tech Innovation Board is 155.142 billion yuan, down by 5.09 billion yuan from the previous trading day. The financing balance is 154.649 billion yuan, a decrease of 5.05 billion yuan, while the margin trading balance stands at 4.94 billion yuan, down by 364.48 million yuan [1]. - The stock with the highest financing balance is SMIC, with a latest financing balance of 7.271 billion yuan, followed by Cambrian and Haiguang Information with financing balances of 4.282 billion yuan and 3.697 billion yuan, respectively [1]. - A total of 253 stocks have seen an increase in financing balance, while 331 stocks have experienced a decrease. The stocks with the largest increases in financing balance are Ying Shi Innovation, Li Gong Navigation, and Qingyue Technology, with increases of 37.05%, 25.27%, and 21.82%, respectively. Conversely, the largest decreases are seen in Haizheng Materials, Huazhu High-Tech, and Zhongrun Optics, with declines of 20.33%, 15.60%, and 14.81% [1]. Margin Trading Balance - The stock with the highest margin trading balance is Haiguang Information, with a latest balance of 0.17 billion yuan, followed by SMIC and Cambrian with balances of 0.15 billion yuan and 0.14 billion yuan, respectively [2]. - A total of 107 stocks have seen an increase in margin trading balance, while 161 stocks have decreased. The stocks with the largest increases in margin trading balance are Koweier, Oriental Bio, and Aifute, with increases of 144.49%, 79.66%, and 57.22%, respectively. The largest decreases are in Sainuo Medical, Hangya Technology, and Jingyi Equipment, with declines of 100.00%, 100.00%, and 66.41% [2].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company has seen significant growth in its traditional model projects, with a 5021% year-on-year increase in revenue from inertial navigation systems, amounting to 1.02 billion yuan in 2024 [5]. - The company is actively expanding into new markets, particularly in the aviation sector, with multiple projects progressing well and a focus on commercial aerospace and robotics to increase its share in the civilian market [6]. - The acquisition of control over Yuxun Electronics and Haiwei Technology is expected to enhance the company's position in the specialized military market, with performance recovery anticipated in the coming years [7]. - Forecasts predict substantial growth in net profit for 2025-2027, with expected figures of 0.50 billion, 1.49 billion, and 3.01 billion yuan respectively, reflecting year-on-year growth rates of 1212%, 197%, and 102% [8]. Company Overview - The latest closing price of the company's stock is 40.80 yuan, with a total market capitalization of 3.6 billion yuan and a circulating market value of 1.5 billion yuan [3]. - The company has a debt-to-asset ratio of 14.7% and a current P/E ratio of -816.00, indicating a challenging profitability situation at present [3].

证券代码：688282 证券简称：理工导航 公告编号：2025-042 北京理工导航控制科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2024/8/30，由公司控股股东、实际控制人之一、 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 董事长汪渤先生提议 | | | | | | | 回购方案实施期限 | 2024 年 8 8 29 日 | 月 | 30 | 日~2025 | 年 | 月 | | 预计回购金额 | 1,500.00万元~3,000.00万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | 累计已回购股数 | □为维护公司价值及股东权益 43.6864万股 | | | | | | | 累计已回购股数占总股本比例 | 0.50% | | | | ...

证券代码：688282 证券简称：理工导航 公告编号：2025-041 北京理工导航控制科技股份有限公司 关于公司提起诉讼的公告 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： 案件所处的诉讼阶段：法院已立案受理，尚未开庭审理 上市公司所处的当事人地位：原告 涉案的金额：40,318,813.80 元及诉讼费用 是否会对上市公司损益产生负面影响：公司本次诉讼不会影响公司正常生 产经营。公司在本次诉讼案件中为原告，鉴于本次诉讼尚未开庭审理，上述事项 对公司当期及期后利润的影响具有不确定性，最终实际影响以法院判决为准。 一、本次诉讼的基本情况 北京理工导航控制科技股份有限公司（以下简称"公司"、"理工导航"或"原 告"）就公司与北京盈想东方科技股份有限公司（以下简称"盈想东方"或"被 告"）的买卖合同纠纷事宜向北京市昌平区人民法院提起诉讼，相关诉讼于近日 获立案受理（案号：（2025）京 0114 民初 16730 号）。截至本公告披露日，该案 件尚未开庭审理。 二、诉讼的案件基本情况 1、诉讼当事人 统一社会 ...

Core Viewpoint - The company, Beijing Institute of Technology Navigation Control Technology Co., Ltd. (referred to as "理工导航"), has experienced significant growth in revenue and cash flow in 2024, driven by the recovery of the industry chain and an increase in product orders and market share [2][3]. Financial Performance - In 2024, the company reported an annual revenue of approximately 170.8 million yuan, representing a nearly 700% year-on-year increase [2]. - The net cash flow from operating activities reached 17.58 million yuan, showing a nearly 400% year-on-year growth [2]. - For the period from January to April 2025, the company announced large signed orders exceeding 241 million yuan, indicating a strong performance outlook [2]. Product Development and Market Position - The company has established four main inertial navigation system products, being the sole supplier for related supporting equipment [3]. - The company is actively developing multiple new products in collaboration with other units, with progress expected to accelerate based on end-user demands [3]. - The company is also expanding into the aviation sector, civilian markets, and international military trade markets while consolidating its core business [3]. Industry Outlook - The military industry is expected to see strong demand recovery extending to 2027, particularly in precision-guided weapons, which are anticipated to be a strong growth area [3]. - The company maintains a cautiously optimistic outlook on market expectations, emphasizing confidence in its technological product advantages and long-term value [3]. Corporate Governance and Investor Relations - Since its listing, the company has maintained a stable shareholding structure and continuously improved corporate governance [4]. - The company aims to enhance performance and investor engagement to fulfill its responsibilities as a listed entity and improve investor satisfaction [4].

Group 1 - The core viewpoint of the report is that Beijing Institute of Technology Navigation Control Technology Co., Ltd. (referred to as "the company") is under continuous supervision by China International Capital Corporation (CICC) as part of its listing process, ensuring compliance with relevant regulations and maintaining operational integrity [1][2][3][4][5][6][7]. Group 2 - The company has established a robust governance structure, including a board of directors and supervisory board, to ensure adherence to laws and regulations [4][5]. - Continuous supervision includes regular communication, site inspections, and due diligence to monitor the company's business operations [3][6]. - The company has not reported any significant violations or issues during the supervision period [9]. Group 3 - The company's revenue for 2024 increased by 685.63% compared to the previous year, while the net profit attributable to shareholders showed a significant reduction in losses by 79.90% [21]. - The main reasons for the losses include rising R&D, sales, and management expenses, as well as high operational and depreciation costs associated with a new facility [9][10][13]. - Despite the losses, the company's core business and competitive advantages remain intact, focusing on high-precision inertial navigation systems for military applications [10][12][13]. Group 4 - The company has a strong R&D focus, with a total investment of 47.30 million yuan in 2024, reflecting a commitment to technological advancement and product development [23][24]. - The company holds 16 invention patents and 63 software copyrights, indicating a solid foundation in intellectual property [24][25]. - The inertial navigation technology is critical for military applications, and the company is positioned to benefit from ongoing defense spending and modernization efforts [12][20]. Group 5 - The company has secured contracts worth 65.27 million yuan for inertial navigation devices, with deliveries expected in 2025, which will positively impact future financial performance [13]. - The company is actively expanding its product applications, including MEMS technology for various sectors, enhancing its market reach [24]. - The company faces risks related to customer concentration and potential changes in military procurement policies, which could affect future sales [16][20].

关于北京理工导航控制科技股份有限公司 2024 年度持续督导跟踪报告 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）根据《证券 发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》和《上海证 券交易所上市公司自律监管指引第 11 号——持续督导》等相关规定对北京理工导 航控制科技股份有限公司（以下简称"理工导航"、"公司"）进行持续督导，并出具 本持续督导跟踪报告。 一、持续督导工作情况 中国国际金融股份有限公司 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针 | 保荐机构已建立并有效执行了持 续督导制度，并制定了相应的工 | | | 对具体的持续督导工作制定相应的工作计划 | | | | | 作计划。 | | 2 | 根据中国证监会相关规定，在持续督导工作开 | 保荐机构已与理工导航签订了 | | | 始前，与上市公司或相关当事人签署持续督导 | 《保荐协议》，该协议明确了双 | | | 协议，明确双方在持续督导期间的权利义务， | 方在持续督导期间的权利和义 | | | 并报上海证券交易所 ...

Core Viewpoint - The company, Ligong Navigation, has experienced significant growth in revenue and cash flow in 2024, driven by increased orders and market share, with a focus on high-quality development and shareholder returns [1][2]. Group 1: Financial Performance - In 2024, Ligong Navigation's revenue reached approximately 170.8 million yuan, representing a nearly 700% year-on-year increase [1]. - The net cash flow from operating activities was 17.58 million yuan, showing a nearly 400% increase compared to the previous year [1]. - For the first four months of 2025, the company announced large signed orders exceeding 241 million yuan, indicating a strong performance trajectory [1]. Group 2: Industry Opportunities - The company is a leading player in the inertial navigation and guidance control sector, primarily serving the military market, with a core team having over 30 years of experience [2]. - The military industry is expected to experience significant growth opportunities as the "14th Five-Year Plan" enters its critical phase, with delayed orders likely to be compensated in 2025 [2][3]. - Ligong Navigation's order rhythm reflects this trend, with a notable increase in contract values due to industry chain recovery [2]. Group 3: Product Development and Market Expansion - The company has established four main inertial navigation system products and is the sole supplier for related supporting equipment [3]. - Ligong Navigation is actively expanding into the aviation sector, civilian markets, and international military trade, with 51 new projects under research and development [4]. - The company has made progress in various projects within the aviation field, with some products already delivered for testing and small batch orders received [4].