北京市中伦律师事务所 关于中信科移动通信技术股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：中信科移动通信技术股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》等相关法律、法 规和规范性文件及《中信科移动通信技术股份有限公司章程》（以下简称"公司 章程"）的规定，北京市中伦律师事务所（以下简称"本所"）接受中信科移动 通信技术股份有限公司（以下简称"公司"）委托，指派本所律师列席了公司 2025 年第一次临时股东大会（以下简称"本次股东大会"），对本次股东大会的相关 事项进行了见证，并在此基础上出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的相关文件，该等文件包括 但不限于： 1. 现行有效的公司章程； 2. 公司于 2025 年 10 月 25 日刊登在上海证券交易所网站的公司董事会关于 召开本次股东大会的通知； 3. 公司本次股东大会股权登记日的股东名册、出席现场会议股东的到会登 记记录及凭证资料； 4. 公司本次股东大会的相关会议文件。 - 1 - 法律意见书 本法律意见书仅供公司本次股东大会之目的使用，本所律师同意将本法律意 见书随同公司本次股东大会决议 ...

Group 1 - The major shareholders of the company, including the National Development Manufacturing Transformation and Upgrade Fund and the National Development Science and Technology Venture Capital Co., hold a combined total of 290,000,000 shares, representing 8.48% of the company's total shares before the reduction plan [2] - The reduction plan was announced on September 4, 2025, with a maximum of 34,187,500 shares, or 1% of the total share capital, to be sold due to funding needs [3] - As of November 10, 2025, the National Development Manufacturing Fund successfully reduced its holdings by 34,187,500 shares, while the National Development Science and Technology Venture Capital Co. did not sell any shares, resulting in the fund holding 245,812,500 shares, or 7.19% of the total shares [3][4] Group 2 - The reduction plan was completed as planned, with the actual reduction matching the previously disclosed plan [4] - The reduction was executed within the specified time frame, and there was no early termination of the reduction plan [4]

Core Viewpoint - The announcement details the completion of a share reduction plan by major shareholders of the company, indicating a strategic shift in ownership structure and potential implications for future stock performance [2]. Shareholder Information - The National Development Manufacturing Transformation and Upgrade Fund (referred to as "National Development Fund") held 280,000,000 shares, representing 8.19% of the total shares before the reduction plan [2]. - The National Development Technology Venture Capital Co., Ltd. (referred to as "National Development Venture") held 10,000,000 shares, accounting for 0.29% of the total shares [2]. - Together, these two entities held a combined total of 290,000,000 shares, which is 8.48% of the company's total shares [2]. Reduction Plan Details - As of November 10, 2025, the National Development Fund reduced its holdings by 34,187,500 shares, which is 1.00% of the total share capital [2]. - The National Development Venture did not reduce its holdings during this period [2]. - The total reduction by both shareholders reached the maximum limit set in the reduction plan, concluding the plan [2]. Post-Reduction Holdings - After the completion of the reduction plan, the National Development Fund holds 245,812,500 shares, which is 7.19% of the total share capital [2]. - The National Development Venture continues to hold 10,000,000 shares, maintaining its 0.29% stake in the company [2].

证券代码：688387 证券简称：信科移动 公告编号：2025-041 重要内容提示： 大股东持有股份的基本情况 本次减持计划实施前，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 280,000,000 股，占公司股份总数的 8.19%；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，合并计算后持有公司 股份 290,000,000 股，占公司股份总数的 8.48%。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。 减持计划的实施结果情况 2025 年 9 月 4 日，公司于上海证券交易所网站(www.sse.com.cn)披露了《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》 ( 公 告 编 号:2025-031)。因自身资金需求，国开制造业基金和国开科创计划以集中竞价方 式减持公司股份合计不超过 34,18 ...

Group 1 - The core point of the article is that Xinke Mobile has completed a share reduction plan, with a significant portion of shares being sold by a major shareholder [1] - As of November 10, 2025, the National Development Manufacturing Fund reduced its holdings by approximately 34.19 million shares, accounting for 1% of the company's total share capital [1] - The revenue composition for Xinke Mobile in 2024 is heavily weighted towards telecommunications, which constitutes 99.2% of total revenue, while other businesses account for only 0.8% [1] Group 2 - The current market capitalization of Xinke Mobile is 23.4 billion yuan [2]

Core Viewpoint - The company, Xinke Mobile (688387.SH), has completed a share reduction plan where shareholders reduced their holdings by a total of 34.1875 million shares, representing 1.00% of the company's total share capital [1] Shareholder Actions - Shareholder Guokai Manufacturing Fund reduced its holdings by 34.1875 million shares through centralized bidding, accounting for 1.00% of the total share capital [1] - Guokai Science and Technology Innovation Fund did not reduce its holdings in the company [1] - The total reduction of 34.1875 million shares reached the maximum limit set in the reduction plan, which has now concluded [1]

Core Viewpoint - The satellite ETF (159206) has seen significant growth, with a 2.53% increase and notable performance from constituent stocks, indicating a strong interest in the commercial space and satellite communication sectors [3][6]. Fund Performance - The satellite ETF has experienced continuous net inflows over the past week, with a peak single-day net inflow of 72.09 million yuan, totaling 175 million yuan in net inflows, averaging 25.01 million yuan per day [3]. Stock Performance - Key stocks within the satellite ETF include: - Aerospace Hongtu (688066) up 10.81% at 27.79 yuan - Zhenlei Technology (688270) up 8.56% at 67.22 yuan - Aerospace Electronics (600879) up 7.57% at 11.79 yuan - Other notable stocks include Zhongke Xingtou, Guoguang Electric, and China Satellite, all showing positive growth [4]. Industry Developments - On November 2, NVIDIA launched the first H100 GPU into space, establishing the first orbital data center, which utilizes solar energy and reduces carbon emissions by 90%, addressing resource shortages on Earth [5]. - Elon Musk stated that the advent of the Starship opens pathways for large-scale deployment of solar-powered AI satellites, aiming for an annual deployment of 1 terawatt of AI computing power [5]. - By May 2025, China plans to initiate the networking phase of its first space computing satellite constellation, with a goal of launching at least 100 satellites by 2026 and a total of no less than 1,000 satellites by 2030 [5]. Market Outlook - Huaxi Securities believes that the low-cost, resource-rich, and expansive nature of space computing presents a stable long-term profit model for commercial aerospace, transitioning from "ground-based computing" to "space-based computing" [5]. - The satellite ETF focuses on commercial aerospace and satellite communication, particularly favoring satellite manufacturing, which is expected to thrive under the "strong aerospace nation" backdrop [6][7].

Core Viewpoint - Xinke Mobile's stock price has shown fluctuations, with a year-to-date increase of 10.91% but a recent decline over the past five and twenty trading days [2] Group 1: Stock Performance - As of November 6, Xinke Mobile's stock price increased by 2.01% to 6.61 CNY per share, with a trading volume of 1.03 billion CNY and a turnover rate of 0.79%, resulting in a total market capitalization of 22.598 billion CNY [1] - Year-to-date, Xinke Mobile's stock price has risen by 10.91%, while it has decreased by 2.07% over the last five trading days and 7.42% over the last twenty trading days [2] Group 2: Financial Performance - For the period from January to September 2025, Xinke Mobile reported a revenue of 3.763 billion CNY, representing a year-on-year decrease of 9.25%, while the net profit attributable to shareholders was -165 million CNY, showing a year-on-year increase of 2.84% [2] Group 3: Shareholder Information - As of September 30, 2025, Xinke Mobile had 48,000 shareholders, an increase of 1.42% from the previous period, with an average of 42,015 circulating shares per shareholder, up by 44.23% [2] - Among the top ten circulating shareholders, the Southern CSI 500 ETF held 19.8301 million shares, a decrease of 364,800 shares from the previous period, while the Hong Kong Central Clearing Limited increased its holdings to 18.8249 million shares, an increase of 3.2442 million shares [3] Group 4: Business Overview - Xinke Mobile, established on December 29, 1998, and listed on September 26, 2022, is a high-tech enterprise controlled by a central state-owned enterprise, primarily engaged in mobile communication international standard formulation, core technology research and development, and industrialization [2] - The company's main business revenue composition includes: integrated mobile communication services (35.01%), system equipment (21.44%), industry private network equipment and others (16.24%), antenna equipment (14.09%), indoor distribution equipment (6.58%), mobile communication network operation and maintenance services (5.84%), and other supplementary services (0.80%) [2]

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Views - The company reported a reduction in losses for the first three quarters of 2025, with a revenue of 3.763 billion yuan, a year-on-year decrease of 9%, and a net profit attributable to shareholders of -165 million yuan, a reduction in loss of 5 million yuan [1] - The company has improved its market share in system equipment, winning bids for major 5G projects, with a 43.7% increase in 2.6G share compared to the existing network [2] - The company is actively participating in the construction of domestic satellite constellations and has signed new contracts to meet customer demands in the satellite internet market [3] - The company is focusing on the standardization of 5G-A and 6G technologies, contributing to over 10 Rel-20 technical proposals and conducting research on 17 key 6G technologies [4] - The profit forecast has been adjusted, with expected net profits for 2025-2027 being -38.24 million yuan, 98 million yuan, and 223 million yuan respectively, while maintaining the "Accumulate" rating due to potential growth from satellite, 5G-A, and 5G-R sectors [5] Financial Summary - For 2023, the company expects revenue of 7.848 billion yuan, with a growth rate of 13.43%, and a net profit of -357.31 million yuan [6] - The projected revenue for 2025 is 6.178 billion yuan, with a decrease of 4.81% compared to 2024 [6] - The company’s EBITDA for 2025 is estimated at 307.68 million yuan, with a significant increase in net profit expected by 2027 [6][12]

证券代码：688387 证券简称：信科移动 公告编号：2025-040 中信科移动通信技术股份有限公司 关于召开2025年第三季度业绩说明会的公告 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 中信科移动通信技术股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日在上海证券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》， 为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况， 公司计划于 2025 年 11 月 14 日下午 15:00-16:00 举行 2025 年第三季度业绩说明 会，就投资者关心的问题进行交流。 一、说明会类型 本次说明会以网络文字互动形式召开，公司将针对 2025 年第三季度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 14 日（星期五）下午 15:00-16:00 会议 ...