| 证券代码：688311 | 证券简称：盟升电子 | 公告编号：2025-078 | | --- | --- | --- | | 转债代码：118045 | 转债简称：盟升转债 | | 成都盟升电子技术股份有限公司 关于公司控股股东、实际控制人及其一致行动人协议 转让股份过户完成的公告 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、准确性和完整性承担法律责任。 重要内容提示： 本次协议转让情况与前期披露的《股份转让协议》约定安排一致，前期公告 披露后未签订补充协议或者作出其他安排。受让方已按照《股份转让协议》相关 约定完成了本次股份转让过户登记前涉及的前期价款支付；根据协议约定，受让 方需在过户登记后完成剩余股份转让价款的支付。 | 股东名称 | 转让过户 | 本次转让前 | | 本次变动 | | 本次转让后 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 登记日期 | 过户前持股 | 过户前持股 | 转让股份 | 转让股份 | 过户后持股 | 过户后持股 | | | | 数 ...

盟升电子公告，公司控股股东、实际控制人向荣先生及其一致行动人荣投创新、盟升志合、盟升创合与 四川发展引领资本管理有限公司签署了《股份转让协议》，拟通过协议转让方式合计转让其持有的公司 股份1050万股，占公司总股本的6.25%。本次协议转让已在中国证券登记结算有限责任公司办理完成过 户登记手续，过户日期为2025年12月9日，过户数量为1050万股，股份性质为无限售流通股。 ...

Core Viewpoint - The company has made significant progress in its airborne satellite communication business, achieving multiple certifications and initiating new product development for the civil aviation market [1] Group 1: Certification and Product Development - The company is the first in China to obtain FAA/EASA/CAAC tripartite airworthiness certification for its satellite communication products [1] - Certified aircraft models include major civil aviation types such as A321, A320, B777, and B737 [1] - The company has completed small batch deliveries of its KU single-frequency airborne satellite communication antennas [1] Group 2: Future Initiatives - The company has started the development of phased array satellite communication products for the civil aviation market [1] - Ongoing communication with multiple clients regarding the certification needs for mature products [1] - The company is advancing the development of low and high orbit compatible phased array satellite communication products through industry collaborations [1]

证券日报网讯 12月8日，盟升电子在互动平台回答投资者提问时表示，公司股东与四川发展引领资本管 理有限公司签署的股份协议转让相关手续正在办理中，待完成过户后会履行信息披露义务，请关注公司 相关公告。 （文章来源：证券日报） ...

Core Viewpoint - The company has made significant progress in its airborne satellite communication business, achieving multiple certifications and initiating new product development for the civil aviation market [1] Group 1: Certification and Product Development - The company is the first in China to obtain FAA/EASA/CAAC tripartite airworthiness certification for satellite communication products [1] - Certified aircraft models include major civil aviation types such as A321, A320, B777, and B737 [1] - The company has completed small batch deliveries of the KU single-band airborne satellite communication antenna [1] Group 2: Future Initiatives - The company has started the development of phased array satellite communication products for civil aviation applications [1] - Ongoing communication with multiple clients regarding new certification requirements for mature products [1] - The company is advancing the development of high and low orbit compatible civil aviation phased array satellite communication products through industry collaborations [1]

Group 1 - The company provides satellite navigation systems for the Long March 12 rocket, which is a critical component for rocket control [1] - The navigation system accurately processes signals from multiple satellites to determine key parameters such as the rocket's position, speed, and time in real-time [1] - This system offers high-precision navigation information during both the launch and flight phases of the rocket [1]

Core Insights - The commercial aerospace market in China is experiencing significant growth, particularly in satellite communication, driven by favorable policies and market demand [1][2] - Chengdu Mingsheng Electronic Technology Co., Ltd. (Mingsheng Electronics) is positioning itself as a key player in the domestic satellite communication sector through technological innovation and product development [1][3] Policy Developments - Multiple favorable policy signals have been released, including the issuance of regulations for direct satellite services and guidelines to promote the satellite communication industry [2] - The establishment of a dedicated Commercial Space Administration by the National Space Administration marks a new opportunity for the industry [2] Market Trends - The demand for satellite communication is shifting from niche applications to mainstream needs, with significant growth expected in sectors such as maritime, aviation, and emergency services [3] - Major telecommunications companies in China have received licenses for satellite mobile communication services, indicating a rapid expansion of market applications [2] Company Positioning - Mingsheng Electronics has established a strong foothold in the maritime and aviation markets, achieving significant certifications for its satellite communication products [4] - The company is recognized for its cost-effective and responsive products, leading to a dominant position in the domestic market [4] Future Outlook - Mingsheng Electronics plans to continue its focus on satellite communication, with ongoing product development and partnerships with domestic operators and airlines [5] - The company aims to enhance its product matrix and explore new opportunities in overseas markets while maintaining its technological leadership in the industry [5]

Investment Rating - The report maintains an "Overweight" rating for the industry [5]. Core Viewpoints - The commercial aerospace sector is experiencing significant catalytic growth, leading to a substantial increase in industry prosperity [8][17]. - The establishment of a dedicated Commercial Aerospace Administration by the China National Space Administration marks a new phase in the development of commercial aerospace, enhancing stability and transparency in the industry [21]. - The successful launch of the Zhuque-3 reusable rocket signifies a breakthrough in China's commercial liquid rocket capabilities, supporting satellite internet and commercial remote sensing needs [10][21]. Summary by Sections Industry Overview - The industry comprises 142 listed companies with a total market capitalization of 2,915.34 billion yuan and a circulating market value of 2,530.17 billion yuan [2]. Key Developments - The Zhuque-3 rocket's successful launch on December 3, 2025, represents a critical milestone in the commercial aerospace sector, enabling a payload capacity of over 20 tons and reducing launch costs significantly [10][25]. - The 2025 China (Zhengzhou) Military Technology Information and Equipment Expo highlights advancements in military technology and the integration of civilian and military sectors [13][26]. Focus Areas - **Aerospace Equipment**: The Civil Aviation Administration is seeking opinions on emergency medical equipment for large aircraft, indicating a focus on enhancing safety standards [11][23]. - **Military Electronics**: Companies such as Gaode Infrared and Tianjian Technology are highlighted as key players in the military electronics sector [19][22]. - **Nuclear Equipment**: China and France are enhancing cooperation in the peaceful use of nuclear energy, focusing on technology innovation and safety [30][32]. Market Performance - The defense and military industry index rose by 2.82% in the past week, outperforming other major indices [33][38]. - The current PE (TTM) for the defense and military industry is 69.3 times, with aerospace equipment at 73.6 times and space equipment at 317.8 times, indicating high investor interest [39][44].

Core Viewpoint - The marine economy sector experienced a rise of 0.64% on December 5, with notable gains from companies like Sun Cable, which led the sector with a 9.98% increase in share price [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1]. - Sun Cable (002300) saw a closing price of 10.36, with a significant increase of 9.98% and a trading volume of 1.8481 million shares, amounting to a transaction value of 1.759 billion [1]. - Other notable performers included Shi Jing Spirit (301137) with a 7.10% increase, and Mengsheng Electronics (688311) with a 6.15% increase [1]. Group 2: Fund Flow Analysis - The marine economy sector experienced a net outflow of 119 million from institutional investors and 103 million from speculative funds, while retail investors contributed a net inflow of 222 million [2]. - The fund flow data indicates that Hai Ge Communication (002465) had a net inflow of 112 million from institutional investors, despite a net outflow from speculative and retail investors [3]. - Sun Cable (002300) had a net inflow of 75.986 million from institutional investors, but also faced outflows from both speculative and retail investors [3].

Core Insights - The commercial aerospace market in China is poised for significant growth, driven by technological breakthroughs and policy support, with a potential market size reaching trillions [1] - The 2025 Commercial Aerospace Forum showcased advancements in various segments of the industry, including rocket launches and satellite management, indicating a robust development trajectory [1] Industry Overview - The commercial aerospace sector is experiencing a dual inflection point characterized by technological advancements and market expansion [1] - The opening of national major aerospace projects to commercial entities and the acceleration of in-orbit service capabilities are key factors contributing to this growth [1] Market Performance - As of December 4, 2025, the Zhongzheng General Aviation Theme Index (931855) rose by 1.08%, with notable increases in constituent stocks such as Plittech (up 12.17%) and Guanglian Aviation (up 9.04%) [1] - The General Aviation ETF Fund (561660) also saw a 1.10% increase, reflecting positive market sentiment towards the sector [1] Key Stocks - The top ten weighted stocks in the Zhongzheng General Aviation Theme Index account for 40.68% of the index, highlighting the concentration of market influence among these companies [2] - Notable stocks include Aerospace Electronics (600879) and Haige Communication (002465), which are among the top performers in the index [2][3]