Core Viewpoint - The announcement details a change in shareholding by major shareholders of Zhongxin Ke Mobile Communication Technology Co., Ltd., specifically a reduction in holdings by over 1% [4][5]. Group 1: Shareholder Information - The information disclosers include Guokai Manufacturing Transformation and Upgrade Fund (Limited Partnership) and Guokai Technology Venture Investment Co., Ltd., both subsidiaries of Guokai Financial Co., Ltd., indicating a concerted action relationship [3][4]. - The total shares held by these entities decreased from 290,000,000 shares to 271,657,967 shares, representing a reduction from 8.48% to 7.95% of the total share capital [4]. Group 2: Details of Share Reduction - The reduction of 18,342,033 shares occurred between September 26, 2025, and October 15, 2025, through centralized bidding transactions [4]. - This share reduction is part of a previously disclosed plan and does not trigger a mandatory tender offer [5][6]. Group 3: Regulatory Compliance - The change in shareholding does not result in a change of the controlling shareholder or actual controller of the company [6]. - The company and its shareholders will continue to comply with relevant regulations regarding share reductions and will fulfill their information disclosure obligations [7].

证券代码：688387 证券简称：信科移动 公告编号：2025-034 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少 | | --- | --- | --- | --- | | 权益变动前合计比例 | 8.48% | | | | 权益变动后合计比例 | 7.95% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否 | | | 是否触发强制要约收购义务 | 是□ | 否 | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | 其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他 | 中信科移动通信技术股份有限公司 关于持股 5%以上股东及其一致行动人权益变动触及 1%刻度的提示性公告 国开制造业转型升级基金（有限合伙）、国开科技创业投资有限责任公司 保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏，并对其内 ...

Core Points - Xinke Mobile (688387.SH) announced a reduction in shareholding by the National Development Manufacturing Transformation and Upgrade Fund (Limited Partnership) and National Development Technology Venture Capital Co., Ltd. [1] - The reduction occurred between September 26, 2025, and October 15, 2025, with a total of 18.342 million shares sold, representing 0.54% of the company's total share capital [1] - Following this transaction, the combined shareholding of the two funds decreased from 290 million shares to 272 million shares, reducing their ownership percentage from 8.48% to 7.95% [1]

Core Insights - The integrated sensing, communication, computing, and control (ISCCC) technology has seen significant development in China, with the market size projected to reach approximately 15.79 billion yuan in 2024, reflecting a year-on-year growth of 10.57% [1][7] - A major breakthrough in this field was achieved in 2023 when China Mobile Research Institute and ZTE completed the industry's first low-frequency ISCCC technology verification, demonstrating multi-target trajectory perception in complex mobile environments with a detection range exceeding 1.4 kilometers and sub-meter level accuracy [1][7] Industry Overview - ISCCC is a collaborative system that deeply integrates communication, sensing, computing, and control functions, enabling the fusion of communication and sensing capabilities through shared resources and joint design [2] - The technology supports smart cities, intelligent transportation, and industrial IoT by creating a closed-loop interaction between the physical and digital worlds [2] Industry Development History - The development of the ISCCC industry in China from 2021 to 2025 follows a path of "technology foundation - scenario verification - ecosystem construction," with significant milestones including the establishment of the ISCCC task force in July 2021 and various technological breakthroughs in subsequent years [3] - By 2025, the industry is expected to transition from technology verification to ecosystem collaboration and large-scale commercialization [3] Industry Value Chain - The upstream of the ISCCC industry includes core hardware such as base station RF and antennas, chips, and satellite communication equipment, while the midstream consists of system integrators and solution providers [4] - Downstream applications are primarily in smart cities, intelligent transportation, low-altitude economy, and smart manufacturing [4] Market Size - The ISCCC market in China is projected to reach approximately 15.79 billion yuan in 2024, with a year-on-year growth of 10.57% [7] - The successful verification of low-frequency ISCCC technology in 2023 has laid a solid foundation for future commercialization [7] Key Companies' Performance - The competitive landscape of the ISCCC industry is characterized by leading companies like Huawei, ZTE, and China Mobile, which leverage their technological advantages to dominate the market [8] - ZTE has made significant advancements in ISCCC technology, achieving notable results in various application scenarios and completing over 80 low-altitude ISCCC pilot projects across multiple provinces [10] - China Mobile has played a pivotal role in network architecture upgrades and has deployed ISCCC traffic perception systems during the Hangzhou Asian Games [9] Industry Development Trends - The ISCCC industry is expected to leverage 6G technology for accelerated development, creating a closed-loop system that integrates communication, sensing, and computing [11] - Low-altitude economy and smart city applications are anticipated to be core areas for ISCCC technology, enhancing logistics and urban management efficiency [13] - The industry is moving towards a collaborative ecosystem involving hardware, software, protocols, and applications, supported by government policies and standardization efforts [14]

Group 1 - The core viewpoint of the news highlights the recent trading performance of XinKe Mobile, which experienced a decline of 1.68% on October 10, with a trading volume of 355 million yuan [1] - As of October 10, XinKe Mobile's financing balance totaled 325 million yuan, with a net financing outflow of 8.29 million yuan for the day [1] - The company’s financing balance represents 2.27% of its market capitalization, indicating a high level of financing activity compared to the past year [1] Group 2 - XinKe Mobile, established on December 29, 1998, is a state-owned high-tech enterprise based in Wuhan, specializing in mobile communication technology and services [2] - The company's revenue composition includes integrated mobile communication services (35.01%), system equipment (21.44%), and other segments, with a total revenue of 2.537 billion yuan for the first half of 2025, reflecting a year-on-year decrease of 15.21% [2] - As of June 30, 2025, the number of shareholders decreased by 3.21% to 47,300, while the average circulating shares per person increased by 3.32% to 29,131 shares [2] Group 3 - As of June 30, 2025, the top ten circulating shareholders of XinKe Mobile include Southern CSI 500 ETF, which increased its holdings by 2.8189 million shares, and Hong Kong Central Clearing Limited, which is a new shareholder with 15.5808 million shares [3] - The exit of Bosera SSE STAR 50 ETF from the top ten circulating shareholders indicates a shift in institutional holdings [3]

Core Viewpoint - The launch of the "Nine Thousand Miles Plan 2.0" by China Information and Communication Technology Group aims to promote the large-scale application of satellite internet in China through collaboration with various partners in the industry [1] Industry Summary - The domestic satellite internet industry is currently in its early development stage, with significant market potential [1] - The plan emphasizes the integration of satellite internet with terrestrial 5G/6G networks, exploring a multi-network collaborative communication model [1] Company Summary - China Satcom has established a complete self-controlled capability and a comprehensive product lineup covering satellite base stations, phased array antennas, ground gateways, dedicated terminals, core networks, network management systems, and testing instruments [1] - The company is a subsidiary of China Information and Communication Technology Group and serves as the main entity for the mobile communication industry and the leading enterprise for 5G commercialization in China [1]

Market Performance - On September 29, the communication equipment sector rose by 1.31%, with Sanwang Communication leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Individual Stock Performance - Notable performers included: - Sanwang Communication (688618) with a closing price of 26.97, up 7.11% on a trading volume of 33,500 shares [1] - Kunheng Shunwei (688283) closed at 33.49, up 6.69% with a volume of 29,500 shares [1] - Youfang Technology (651889) at 71.85, up 6.65% with a volume of 75,400 shares [1] - Other significant gainers included Shijia Technology (002796), ST Jinglun (600355), and Guangku Technology (300620) [1] Capital Flow Analysis - The communication equipment sector experienced a net outflow of 1.666 billion yuan from institutional investors and 153 million yuan from speculative funds, while retail investors saw a net inflow of 1.819 billion yuan [2] - Key stocks with significant capital flow included: - New Yisheng (300502) with a net inflow of 500 million yuan from institutional investors, but a net outflow of 322 million yuan from speculative funds [2] - Other stocks like Guangku Technology (300620) and Dekeli (688205) also showed mixed capital flows [2]

Group 1 - The core viewpoint of the news is that 信科移动 (China Mobile Communications Technology Co., Ltd.) experienced a stock price increase of 5.02% on September 26, reaching 6.90 CNY per share, with a trading volume of 115 million CNY and a turnover rate of 0.84%, resulting in a total market capitalization of 23.589 billion CNY [1] - 信科移动 is a high-tech enterprise controlled by a central state-owned enterprise, established on December 29, 1998, and listed on September 26, 2022. Its main business involves mobile communication international standard formulation, core technology research and development, and industrialization [1] - The revenue composition of 信科移动 includes: integrated mobile communication services (35.01%), system equipment (21.44%), industry-specific 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 other supplementary services (0.80%) [1] Group 2 - 南方中证500ETF (Southern CSI 500 ETF) is among the top ten circulating shareholders of 信科移动, having increased its holdings by 2.8189 million shares in the second quarter, totaling 20.1949 million shares, which accounts for 1.46% of the circulating shares. The estimated floating profit today is approximately 6.6643 million CNY [2] - The 南方中证500ETF was established on February 6, 2013, with a latest scale of 113.438 billion CNY. Year-to-date returns are 30.01%, ranking 1800 out of 4220 in its category; the one-year return is 57.23%, ranking 1541 out of 3824; and since inception, the return is 146.67% [2]

Core Insights - The article discusses the growth and production statistics of China's mobile communication base station equipment, highlighting a 7.8% year-on-year increase in the production of RF modules in May 2025 [1] - Cumulative production from January to May 2025 reached 1.799 million RF modules, reflecting a 3.1% increase compared to the same period in the previous year [1] Industry Overview - The report by Zhiyan Consulting provides insights into the market trends and forecasts for the Chinese communication equipment industry from 2025 to 2031 [1] - The data indicates a positive growth trajectory for the mobile communication base station equipment sector, suggesting potential investment opportunities [1] Company Insights - Listed companies in the communication equipment sector include ZTE Corporation, Datang Telecom Technology, Xinke Mobile, Fenghuo Communication, Shenglu Tongxin, *ST Rihai, and Chaoxun Communication [1] - These companies are positioned to benefit from the increasing demand for mobile communication infrastructure as indicated by the production growth statistics [1]

Group 1 - The National Information Office will hold a press conference to introduce the achievements of high-quality development in employment and social security during the "14th Five-Year Plan" period [2] - The press conference will feature Human Resources and Social Security Minister Wang Xiaoping, who will discuss the high-quality development achievements and answer questions from reporters [2] Group 2 - The 2025 Artificial Intelligence Computing Conference will take place in Beijing, focusing on the theme "Building Foundations, Open and Spreading" [3] - The conference will include one main forum, six thematic forums, and a 3000㎡ AI innovation technology exhibition to showcase significant innovations and applications in the AI field [3] Group 3 - A total of 16 companies will have their restricted shares unlocked today, with a combined unlock volume of 1.197 billion shares, amounting to a market value of 28.552 billion yuan [4] - Notably, five companies will have over 10 million shares unlocked, with Xinke Mobile-U, Ziyuan Food, and Wireless Media leading in unlock volume [4] - In terms of market value, the top three companies with the highest unlock values are Hehe Information, Ziyuan Food, and Wireless Media, with values of 11.801 billion yuan, 6.741 billion yuan, and 5.39 billion yuan respectively [4] Group 4 - Fourteen companies have disclosed stock repurchase progress, with one company proposing a repurchase, two companies announcing new repurchase plans, and five companies reporting on the implementation of their repurchase plans [5] - Flagging Group and Shandong Heda have proposed to repurchase up to 200 million yuan and 1.4743 million yuan respectively [5] - Hongying Intelligent has received shareholder approval for a repurchase plan of up to 86,800 yuan [5] Group 5 - A total of 354.3 billion yuan in 7-day reverse repos will mature today, following a central bank operation on September 19 with an operation rate of 1.40% [6] Group 6 - Key economic data from the US, including August personal spending month-on-month and the core PCE price index, will be released [7]