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 ...

Core Viewpoint - Xinke Mobile's stock price has shown fluctuations, with a recent decline of 2.11% and a year-to-date increase of 9.06%, indicating mixed market sentiment towards the company [1][2]. Financial Performance - For the period from January to September 2025, Xinke Mobile reported a revenue of 3.763 billion yuan, reflecting a year-on-year decrease of 9.25% [2]. - The company recorded a net profit attributable to shareholders of -165 million yuan, which represents a year-on-year increase of 2.84% [2]. Stock Market Activity - As of November 4, Xinke Mobile's stock was trading at 6.50 yuan per share, with a market capitalization of 22.222 billion yuan [1]. - The stock experienced a trading volume of 76.2946 million yuan, with a turnover rate of 0.58% [1]. - The net inflow of main funds was 1.1261 million yuan, with large orders accounting for 39.66% of purchases [1]. Shareholder Information - As of September 30, the number of shareholders for Xinke Mobile reached 48,000, an increase of 1.42% from the previous period [2]. - The average number of circulating shares per shareholder was 42,015, which is an increase of 44.23% [2]. 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, focusing on mobile communication international standards, core technology research and development, and industrialization [1]. - The company's main business revenue composition 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]. Industry Classification - Xinke Mobile is classified under the Shenwan industry category of communication - communication equipment - communication network devices and components [1]. - The company is associated with several concept sectors, including mid-cap, low-altitude economy, satellite internet, 6G concept, and industrial internet [1].

Core Viewpoint - Xinke Mobile is a significant player in the domestic mobile communication sector, focusing on international standard formulation, core technology research and development, and industrialization, with a strong technical foundation and industry influence [1] Group 1: Business Performance - In Q3 2025, Xinke Mobile achieved a revenue of 3.763 billion yuan, ranking 10th among 36 companies in the industry, below the industry average of 6.434 billion yuan and median of 1.184 billion yuan [2] - The company's net profit for the same period was -193 million yuan, ranking 33rd in the industry, with the industry leader, Zhongji Xuchuang, reporting a net profit of 7.57 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Xinke Mobile's debt-to-asset ratio was 51.65%, higher than the industry average of 38.12%, but a decrease from 52.74% in the previous year [3] - The gross profit margin for the same period was 23.31%, lower than the industry average of 30.08%, remaining relatively stable compared to 23.39% in the previous year [3] Group 3: Executive Compensation - The chairman, Sun Xiaonan, received a salary of 967,600 yuan in 2024, a decrease of 223,500 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.42% to 48,000, with an average holding of 42,000 circulating A-shares, up 44.23% from the previous period [5] - The top circulating shareholder, Southern CSI 500 ETF, held 19.83 million shares, a decrease of 364,800 shares from the previous period [5] Group 5: Analyst Ratings and Business Highlights - Guotai Junan Securities maintained an "accumulate" rating, adjusting the EPS forecast for 2025/2026 to 0.00 (-0.01) and 0.03 (-0.07) yuan, with a new target price of 8.27 yuan [5] - Tianfeng Securities projected net profits for 2025-2027 to be 4.23 million yuan, 140 million yuan, and 258 million yuan respectively, while highlighting growth in system equipment gross margins and significant progress in industry-specific networks [6]

Core Viewpoint - The stock price of Xinke Mobile has experienced fluctuations, with a current decline of 2.07% and a year-to-date increase of 10.91% [1][2]. Group 1: Stock Performance - As of October 31, Xinke Mobile's stock price is 6.61 CNY per share, with a market capitalization of 22.598 billion CNY [1]. - The stock has seen a decrease of 1.05% over the last five trading days, a slight increase of 0.61% over the last 20 days, and a significant increase of 15.76% over the last 60 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%. The net profit attributable to shareholders was -165 million CNY, showing a year-on-year increase of 2.84% [2]. Group 3: 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, focusing on 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]. Group 4: 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 holds 19.8301 million shares, a decrease of 364,800 shares from the previous period, while Hong Kong Central Clearing Limited holds 18.8249 million shares, an increase of 3.2442 million shares [3].

证券代码：688387 证券简称：信科移动 中信科移动通信技术股份有限公司 二〇二五年十一月 | 目录 | | --- | | 2025 | 年第一次临时股东大会会议须知 3 | | --- | --- | | 2025 | 年第一次临时股东大会会议议程 6 | | 2025 | 年第一次临时股东大会会议议案 8 | | | 议案一：关于公司取消监事会并修订《公司章程》的议案 8 | | | 议案二：关于制定和修订部分公司治理制度的议案 9 | | | 议案三：关于董事辞职暨补选非独立董事的议案 10 | | | 议案四：关于续聘会计师事务所的议案 11 | 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会议须知 为维护全体股东的合法权益，确保股东大会会议秩序和议事效率，保证股东 大会的顺利召开，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督管理委员会《上 市公司股东会规则》以及《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》"）和《中信科移动通信技术股份有限公司股东大会议事规则》等 有关规定，特制定中 ...

Core Insights - The company, Zhongxin Ke Mobile Communication Technology Co., Ltd. (信科移动), reported a total revenue of 3.763 billion yuan for the first three quarters of 2025, with a third-quarter revenue of 1.225 billion yuan, reflecting a year-on-year growth of 6.23% [2] - The company is focusing on becoming an "innovation highland" in the integrated mobile communication field, with R&D investment reaching 322 million yuan in Q3 2025, accounting for 26.30% of the quarterly revenue [2][3] - The company has made significant progress in market expansion, successfully winning bids for major projects with China Mobile, which strengthens its position in the operator supply chain and lays a solid foundation for further expansion in the satellite communication market [2] Company Developments - The company actively participated in the first 6G RAN working group meeting held by 3GPP in Bangalore, India, marking a significant step in the standardization process of 6G technology [3] - The company launched the "Nine Thousand Miles Plan 2.0," collaborating with partners across various sectors to build a star-ground integrated network, promoting large-scale applications of satellite internet in China [3] - The company aims to enhance technological innovation and industry collaboration to support the construction of a new type of digital infrastructure that is ubiquitous, intelligent, and environmentally efficient [3] Industry Context - The communication industry showed structural growth characteristics in Q3 2025, with AI computing power becoming a core growth engine, and strong demand in areas such as optical communication, IDC, and satellite internet [3] - The company is committed to working with global partners to achieve mutual success in the 6G era, emphasizing the importance of technological breakthroughs and application scenario expansion [3]

Core Viewpoint - Xinke Mobile's stock price has shown a modest increase of 9.73% year-to-date, with recent trading activity indicating a slight decline of 2.10% on October 27, 2023, reflecting market volatility and investor sentiment [1][2]. Company 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, specializing in mobile communication international standard formulation, core technology research and development, and industrialization [2]. - The company's 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]. Financial Performance - For the period from January to September 2025, Xinke Mobile reported a revenue of 3.763 billion yuan, representing a year-on-year decrease of 9.25%. The net profit attributable to shareholders was -165 million yuan, showing a year-on-year increase of 2.84% [2]. Shareholder Information - As of September 30, 2025, Xinke Mobile had 48,000 shareholders, an increase of 1.42% from the previous period. The average circulating shares per person were 42,015, which is an increase of 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 compared to the previous period. The Hong Kong Central Clearing Limited increased its holdings to 18.8249 million shares, an increase of 3.2442 million shares [3]. Market Activity - On October 27, 2023, Xinke Mobile's stock price was reported at 6.54 yuan per share, with a trading volume of 197 million yuan and a turnover rate of 1.47%. The total market capitalization stood at 22.359 billion yuan [1]. - The net inflow of main funds was 14.5434 million yuan, with large orders accounting for 33.63% of total purchases and 26.26% of total sales [1]. Stock Performance Trends - Xinke Mobile's stock has increased by 0.31% over the last five trading days, 1.24% over the last 20 days, and 12.18% over the last 60 days [2].

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3][4] - The third-quarter financial statements are unaudited, and the report period refers to the three months from the beginning to the end of the quarter [3][4] - The company has received a resignation letter from a non-independent director, Yu Mo, due to work arrangement adjustments, and the board has nominated Wang Bin as a candidate for the non-independent director position [7][8][9] Group 2 - The company will hold its first extraordinary general meeting of 2025 on November 11, 2025, at 15:00 in Wuhan [11][12][13] - The meeting will adopt a combination of on-site and online voting methods, with specific voting times outlined [13][16] - The company has proposed to cancel the supervisory board and amend the articles of association, with the proposal requiring shareholder approval [59][60] Group 3 - The company intends to continue employing Deloitte Touche Tohmatsu Certified Public Accountants LLP as its financial audit and internal control audit institution for 2025, pending shareholder approval [41][42][56] - The audit firm has a strong track record, with no criminal penalties in the past three years and a significant number of partners and registered accountants [45][48][50] - The company plans to revise and establish several governance systems to enhance operational standards, which will also require shareholder approval [60]