证券代码：688387 证券简称：信科移动 公告编号：2026-001 中信科移动通信技术股份有限公司 持股 5%以上股东及其一致行动人 集中竞价减持股份计划公告 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： 持股 5%以上股东及其一致行动人的基本情况 截至本公告披露日，中信科移动通信技术股份有限公司（以下简称"公司"） 股东国开制造业转型升级基金（有限合伙）（以下简称"国开制造业基金"）持有 公司股份 245,812,500 股，占公司股份总数的 7.19%；国开科技创业投资有限责 任公司（以下简称"国开科创"）持有公司股份 10,000,000 股，占公司股份总数 的 0.29%。国开制造业基金与国开科创构成一致行动关系，合计持有公司股份 255,812,500 股，占公司股份总数的 7.48%。上述股份为公司首次公开发行上市 前取得的股份，已于 2024 年 7 月 1 日起上市流通。 减持计划的主要内容 因自身资金需求，国开制造业基金和国开科创计划自本公告披露之日起 15 个交易日后的 ...

人民财讯1月5日电，信科移动(688387)1月5日公告，因自身资金需求，持股7.19%的股东国开制造业转 型升级基金(有限合伙)和持股0.29%的国开科技创业投资有限责任公司计划以集中竞价方式减持公司股 份合计不超过3418.75万股，即不超过公司总股本的1%。上述股份减持价格将按减持实施时的市场价格 确定。国开制造业基金与国开科创构成一致行动关系。 ...

信科移动1月5日公告，公司持股5%以上股东国开制造业转型升级基金（有限合伙）及其一致行动人国 开科技创业投资有限责任公司计划自公告披露之日起15个交易日后的3个月内，通过集中竞价方式减持 公司股份不超过3418.75万股，即不超过公司总股本的1%。减持价格将按减持实施时的市场价格确定， 减持原因为自身资金需求。 ...

信科移动公告称，股东国开制造业基金和国开科创为一致行动人，合计持股255,812,500股，占公司股份 总数的7.48%，股份已于2024年7月1日起上市流通。因自身资金需求，二者计划自公告披露之日（2026 年1月6日）起15个交易日后的3个月内（即2026年1月28日至4月27日），以集中竞价方式减持不超 34,187,500股，即不超总股本的1%。减持价格按市场价格确定，若有除权除息事项，减持数量相应调 整。 ...

Group 1 - The core viewpoint of the news highlights the significant trading activity and financing status of XinKe Mobile, with a notable increase in stock price and trading volume on December 31 [1] - On December 31, XinKe Mobile's stock rose by 8.13%, with a trading volume of 2.51 billion yuan, indicating strong market interest [1] - The financing buy-in amount for XinKe Mobile on the same day was 335 million yuan, with a net financing buy of 21.1 million yuan, reflecting positive investor sentiment [1] Group 2 - XinKe Mobile, established on December 29, 1998, is a state-owned high-tech enterprise engaged in mobile communication international standard formulation and core technology R&D [2] - The company's revenue composition includes integrated mobile communication services (35.01%), system equipment (21.44%), and other segments, indicating a diversified business model [2] - For the period from January to September 2025, XinKe Mobile reported a revenue of 3.76 billion yuan, a year-on-year decrease of 9.25%, while the net profit attributable to shareholders was -165 million yuan, showing a slight increase of 2.84% year-on-year [2]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the commercial aerospace market for 2026, highlighting key aspects in policy, technology, and capital [2][4] - The market is expected to transition from the introduction phase to the growth phase, with satellite bidding and launch quantities projected to at least double compared to 2025, indicating high growth potential [2][4] Core Insights and Arguments - **Policy Support**: The government is expected to continue optimizing policies for commercial aerospace, with significant developments such as the issuance of satellite operation licenses and promotion of satellite IoT commercialization policies [2] - **Technological Advancements**: Breakthroughs in reusable rocket technology are anticipated, which will lower construction costs in the space segment and enhance economic feasibility [2][4] - **Capital Movements**: Major companies in the sector are expected to undergo IPOs in 2026, including domestic commercial rocket companies and SpaceX, which will catalyze investment in the sector [2][3][4] Investment Opportunities - **Rocket Segment**: The rocket segment is poised for excess return opportunities due to technological breakthroughs and a dense launch schedule, alongside IPOs and financing activities of leading companies [4][5] - **Satellite Manufacturing and Operations**: These areas are also expected to exhibit high growth potential, with the first batch of satellite network tenders for the second-generation satellite system projected to increase bidding quantities by over 10 times compared to 2025 [2][5] - **Payload Value**: The value of satellite payloads is expected to rise, with communication capacity per satellite continuously improving [5] Market Dynamics - The ground operations and applications segment is identified as a critical investment area, with its market size estimated to be at least ten times that of the rocket launch and satellite manufacturing markets, potentially reaching a trillion-level market [6] - Specific companies such as China Satellite, Aerospace Electronics, and Fudan Microelectronics are noted for their technological advantages and growth potential [5] Emerging Companies and Technologies - New companies and technologies are highlighted, including NTN chip developments and flexible solar wing technologies, which are essential for meeting increasing power demands for launches [5][7] - The Starlink project is mentioned, with plans to have 650 satellites in orbit by the end of 2025, indicating a significant market opportunity in the consumer electronics space [7] Conclusion - The overall investment outlook for 2026 in the commercial aerospace sector is optimistic, with multiple catalysts expected to drive growth and investment opportunities across various segments [4][5]

Market Overview - The communication equipment sector declined by 1.69% on December 31, with Shida Group leading the losses [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Stock Performance - Notable gainers included: - N Yidongguang, with a closing price of 309.00, up 878.16% [1] - Huohua Communication, closing at 32.08, up 10.01% [1] - Changjiang Communication, closing at 34.66, up 10.00% [1] - Significant losers included: - Shida Group, closing at 4.60, down 6.31% [2] - Sega Technology, closing at 27.73, down 5.03% [2] - Guangku Technology, closing at 147.05, down 4.82% [2] Trading Volume and Capital Flow - The communication equipment sector experienced a net outflow of 3.071 billion yuan from institutional investors, while retail investors saw a net inflow of 1.762 billion yuan [2][3] - The trading volume for notable stocks included: - N Yidongguang with a volume of 10.83 million shares [1] - Huohua Communication with a volume of 1.344 million shares [1] - Shida Group with a volume of 2.6088 million shares [2] Capital Inflow Analysis - Major stocks with net inflows from institutional investors included: - Huohua Communication with a net inflow of 792 million yuan [3] - Tongyu Communication with a net inflow of 588 million yuan [3] - ZTE Corporation with a net inflow of 435 million yuan [3] - Conversely, stocks like Tongyu Communication and Changjiang Communication saw significant net outflows from retail investors [3]

Group 1 - The satellite industry is experiencing a significant surge, with the satellite industry ETF (159218) reaching a new annual high, reflecting strong market sentiment and capital inflow [1][3] - Key stocks within the satellite industry have shown substantial gains, with notable increases such as 14.06% for Hangda Universe and 11.48% for Xinke Mobile-U, indicating robust performance across the sector [2] - The current growth phase of the industry is driven by four main factors: clear policy support, active capital investment (with over 10 companies initiating IPOs), accelerated technological advancements (notably in reusable rockets), and sustained demand release through satellite constellation networking and terminal proliferation [2] Group 2 - The satellite industry ETF (159218) serves as an efficient tool covering all core segments of the industry chain, acting as a "thermometer" and "pass" for capital allocation in the commercial space sector [3] - With the industry's fundamentals improving, the ETF is expected to continue attracting medium to long-term investment funds, providing investors with a convenient channel to participate in the "space economy" strategic opportunities [3]

Core Viewpoint - The satellite ETF (159206) has seen a significant increase of 2.12%, driven by strong performances from constituent stocks such as Qianzhao Optoelectronics (300102), which rose over 10% [2][3]. Group 1: Market Performance - Qianzhao Optoelectronics (300102) reached a price of 26.30 with a gain of 10.46%, achieving a trading volume of 2.154 billion [3]. - Xunwei Communication (300136) increased by 7.57% to a price of 57.01, with a trading volume of 3.052 billion [3]. - China Satellite (600118) saw a rise of 6.43% to 91.87, with a trading volume of 4.292 billion [3]. - Tianyin Electromechanical (300342) increased by 5.31% to 33.34, with a trading volume of 0.824 billion [3]. - Aerospace Electronics (600879) rose by 3.46% to 20.05, with a trading volume of 2.845 billion [3]. Group 2: Industry Developments - The successful launch of the Practice-29 satellite by the Long March 7 rocket marks a significant achievement in China's space exploration efforts, with the satellite entering its designated orbit [2][4]. - The upcoming year is expected to see a surge in satellite launches, with plans for the "National Grid Constellation" and "Thousand Sails Constellation" exceeding 10,000 satellites, indicating a rapid increase in low-orbit satellite deployment [4]. - Recent government policies are favoring the commercial space sector, with initiatives aimed at promoting high-quality development in commercial aerospace by 2027 [4][5]. Group 3: Investment Landscape - The commercial aerospace sector is experiencing a strategic elevation in importance, with investment in the sector rising from 1.1 billion in 2015 to 34.13 billion in 2024, and the number of companies exceeding 500 [5]. - The industry’s output value has grown from 1 trillion in 2010 to 2.3 trillion in 2024, establishing commercial aerospace as a significant industry [5]. - The satellite ETF (159206) focuses on commercial aerospace and satellite communication, positioning it for potential growth under the "Aerospace Power" initiative [5].

Group 1 - The core viewpoint of the news is that 信科移动 (China Communications Technology Co., Ltd.) experienced a decline in stock price, closing at 12.01 yuan per share with a market capitalization of 410.59 billion yuan [1] - The company is a state-owned high-tech enterprise engaged in mobile communication international standard formulation, core technology research and development, and industrialization, with its main business revenue composition being: integrated mobile communication services 35.01%, system equipment 21.44%, industry private network equipment and others 16.24%, antenna feeder equipment 14.09%, indoor distribution equipment 6.58%, mobile communication network operation and maintenance services 5.84%, and others 0.80% [1] Group 2 - From the perspective of fund holdings, only one fund under 广发基金 (Guotai Junan Fund) has a significant position in 信科移动, specifically 广发智选启航混合A (Guotai Junan Smart Selection Mixed A), which held 49,100 shares, accounting for 0.88% of the fund's net value [2] - The fund has reported a floating loss of approximately 6,386.25 yuan as of the latest data [2] Group 3 - The fund 广发智选启航混合A (Guotai Junan Smart Selection Mixed A) was established on June 18, 2025, with a current scale of 22.38 million yuan and has achieved a return of 25% since inception [3] - The fund manager, 李育鑫 (Li Yuxin), has been in position for 2 years and 70 days, managing assets totaling 3.793 billion yuan, with the best fund return during his tenure being 101.38% and the worst being 2.73% [4]