10月26日 长征三号乙运载火箭将搭载风云四号03星在西昌卫星发射中心发射。 10月31日 长征二号F运载火箭将搭载神舟二十一号载人飞船在酒泉卫星发射中心发射。 10月25日-27日 2025卫星应用大会即将在京召开。 一、事件：卫星应用大会 卫星、航天产业10月迎来密集催化： 资料显示，大会将以"人工智能与算力赋能卫星应用产业"为主题，部分议题如下： 此外，大会同期还将举办"卫星应用技术与设备展览会"，多家中外知名企业、卫星运营商、VSAT运营商、卫星制造商、业务系统集成商、卫星通信天线、 动中通设备、便携式卫星通信站等展示最新卫星设备、应用系统和科技成果。 据智研航天，今年以来，中国航天发射节奏显著加快。9月共执行10次发射任务，包括试验二十九号、遥感系列军事卫星、风云气象卫星、鸿雁和吉星星座 组网星等。接下来，中国航天还将迎来新一轮密集发射期。 国盛证券指出，卫星互联网自2020年纳入新基建范畴后，产业支持政策密集落地。2024年政府工作报告首次提出打造"商业航天"新增长引擎，2025年工信部 印发指导意见，明确到2030年进一步完善卫星通信管理制度及政策法规，发展卫星通信用户超千万。 目前，我国已申报 ...

内容概要：集群通信系统主要特点是拥有更好的通信质量，更高的频谱利用率，更大的系统容量以及更 加灵活的网络管理。此外集群通信具备的调度功能和组呼功能使其在军队、公安、国防安全、铁道等方 面的应急通信有着重要的作用。随着下游行业的持续发展，对集群通信系统的需求也将不断增长，为集 群通信系统行业带来广阔的市场空间。2024年我国集群通信系统行业在技术迭代与政策驱动下呈现高速 发展态势，市场规模增长至41.2亿元，其中集群通信系统软件及服务规模10.1亿元；集群通信系统设备 及其他规模31.1亿元。 上市企业：海能达(002583)、东方通信(600776)、海格通信(002465)、普天科技(002544)、震有科技 (688418) 相关企业：天津七一二通信广播股份有限公司、北京中兴高达通信技术有限公司、鼎桥通信技术有限公 司、中兴通讯无线研究院、江西义天科技有限公司、中国铁塔股份有限公司芜湖市分公司、杭州时尚科 技有限公司、陕西同睿、四川海格恒通专网科技有限公司、中国移动通信集团广东有限公司 关键词：集群通信系统行业政策、集群通信系统产业链、集群通信系统市场规模、集群通信系统市场竞 争格局、集群通信系统行业发展 ...

Core Insights - The company, Zhenyou Technology, has seen its stock price rise by 6.17% to 31.5 yuan, with a market capitalization of 6.15 billion yuan, ranking 59th in the communication equipment sector [1][2] Group 1: R&D and Innovation - The company has maintained a research and development (R&D) investment ratio exceeding 20% of its revenue over the past three years, emphasizing the importance of core technology competitiveness and product innovation [1][2] - The company is actively promoting the R&D and industrialization of satellite internet communication products and all-optical network systems, with some products already launched [1][2] Group 2: Market Expansion - The company is focusing on expanding into new overseas markets, particularly in Africa, Central Asia, and the Commonwealth of Independent States (CIS), and has successfully secured project orders in these regions [1][2] Group 3: Unique Solutions - The company has developed a unique "integrated air-ground-space" communication system solution in the low-altitude economy and satellite communication fields, providing comprehensive end-to-end solutions for public and private network communications [1][2]

Core Viewpoint - The recent visit by the Vice President and Chief Scientist of China Unicom Group to Zhenyou Technology highlights potential collaboration opportunities in advanced technologies and application scenarios, particularly in satellite communication, optical networks, low-altitude economy, and cybersecurity [1] Group 1 - The meeting focused on key areas such as satellite communication and optical networks [1] - Discussions also included the low-altitude economy and cybersecurity, indicating a broad interest in emerging technologies [1] - The research visit is seen as a valuable opportunity for both parties to explore cooperation in cutting-edge technology [1]

Core Insights - The collective performance briefing of 18 companies listed on the Sci-Tech Innovation Board highlighted their operational achievements and latest business developments, emphasizing increased R&D investment and the role of AI in driving business growth [1] AI Empowerment in Business Development - The software industry is undergoing a technological revolution, with AI enhancing data collection efficiency and decision-making capabilities, thereby enriching product functionality and market competitiveness [2] - Several companies reported significant AI-related contract values, with one company achieving nearly 10 million yuan in pure AI contracts and over 26 million yuan in indirect AI product revenues, totaling over 36 million yuan in AI-related contracts [2] - A specific company noted that its revenue from the AI sector rose to 55.78%, with a 40.21% year-on-year increase in overall revenue due to the growth of AI solution business [3] International Market Expansion - Many companies view internationalization as a key development strategy, actively seeking to expand into overseas markets [4] - One company is focusing on Africa and Central Asia, successfully landing related project orders in these regions [4] - Another company is implementing a smart mining management platform project in Guinea, Africa, and is researching the demand for industrial software in major resource-rich countries [4] - A company is prioritizing the launch and upgrade of AI features for its overseas versions, ensuring local adaptation to meet regional needs [4] R&D Investment Supporting Innovation - Continuous R&D investment is crucial for innovation, with one company reporting a 6.6 percentage point increase in overall gross margin due to enhanced R&D efforts [6] - Another company is experiencing rapid growth in R&D investment, driven by strategic considerations for long-term innovation and market competitiveness [6] - Future R&D directions include developing a full-process design platform for analog circuits and AI-based chip design optimization algorithms, which are expected to drive new growth [6][7]

Core Viewpoint - The emergency command and dispatch system is a crucial tool for responding to sudden events and has become an essential part of the national emergency management system in China [1][10]. Industry Definition and Classification - The emergency command and dispatch system integrates modern communication, computer, network, GIS, big data, and artificial intelligence technologies to create an intelligent information platform for information collection, transmission, processing, analysis, decision-making, command, and dispatch [2]. - It can be classified into natural disaster, accident disaster, public health, and social security emergency command systems, as well as by administrative level and core function [2][3]. Industry Development Status - The emergency command and dispatch system industry is experiencing positive growth in China, with the market size expected to reach 930 million yuan in 2024 and potentially exceed 1 billion yuan in 2025 [1][6]. - The global emergency command and dispatch system market is projected to grow to 13.46 billion yuan in 2024, an increase of 780 million yuan from 2023, and is expected to reach approximately 14.28 billion yuan in 2025 [4][6]. Market Structure - In China, the market is primarily dominated by government and public safety departments (56%), followed by the military (21%), enterprises (13%), and others (10%) [1][6]. - The global market is led by North America (32.2%), followed by China (30%) and Europe (21%) [6]. Industry Chain - The emergency command and dispatch system is a technology-intensive industry with a long supply chain, including upstream hardware and software providers, midstream system integrators, and downstream users such as government departments and public safety agencies [7][8]. Policy Environment - The Chinese government is enhancing public safety and emergency management infrastructure through supportive policies and increased funding, creating a favorable environment for the development of the emergency command and dispatch system industry [10]. Competitive Landscape - Major players in the global market include Motorola, Zhenyou Technology, and Zhongxing Gaoda, with Zhenyou Technology leading the domestic market by covering emergency platforms in over 50 districts and counties [10]. Development Trends - The demand for emergency command and dispatch systems is increasing, driven by the "14th Five-Year Plan" and the "Digital China" strategy, leading to rapid industry growth and advancements in technology [10][11].

Company Overview - Zhenyou Technology Co., Ltd. is located in Guangming District, Shenzhen, Guangdong Province, and was established on April 4, 2005. The company went public on July 22, 2020. Its main business involves the research, development, production, sales, and service of communication system equipment-related products [1]. - The company's revenue composition includes: Smart Network and Emergency System (41.27%), Technical and Maintenance Services (26.07%), Optical Network and Access System (19.13%), Core Network System (10.86%), and Others (2.66%) [1]. Financial Performance - As of June 30, 2025, Zhenyou Technology reported a revenue of 350 million yuan, a year-on-year decrease of 6.82%. The net profit attributable to shareholders was -47.59 million yuan, representing a year-on-year decrease of 715.80% [2]. - The company has cumulatively distributed 13.55 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Stock Performance - On September 9, Zhenyou Technology's stock price decreased by 2.02%, trading at 32.00 yuan per share, with a total market capitalization of 6.162 billion yuan. The trading volume was 184 million yuan, with a turnover rate of 2.94% [1]. - Year-to-date, the stock price has increased by 9.74%, with a 3.90% increase over the last five trading days, a 4.61% increase over the last 20 days, and a 22.28% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 22.24% to 12,200, while the average circulating shares per person decreased by 18.64% to 15,749 shares [2]. - Among the top ten circulating shareholders, Yongying High-end Equipment Smart Selection Mixed Fund (015789) is the ninth largest shareholder, holding 1.0152 million shares as a new shareholder [3]. Market Position - Zhenyou Technology is classified under the Shenwan industry as Communication - Communication Equipment - Other Communication Equipment. It is associated with concepts such as Satellite Navigation, Beidou Navigation, Aerospace Military Industry, Satellite Internet, and Small Cap [1].

Group 1 - The core viewpoint of the news is the performance and financial details of Shenzhen Zhenyou Technology Co., Ltd., which saw a stock price increase of 5.29% to 31.24 CNY per share, with a total market capitalization of 6.015 billion CNY [1] - The company was established on April 4, 2005, and went public on July 22, 2020, focusing on the research, development, production, sales, and service of communication system equipment [1] - The revenue composition of the company includes: Smart Network and Emergency Systems (41.27%), Technical and Maintenance Services (26.07%), Optical Network and Access Systems (19.13%), Core Network Systems (10.86%), and Others (2.66%) [1] Group 2 - From the perspective of major shareholders, Yongying Fund's "Yongying High-end Equipment Smart Selection Mixed Fund A" (015789) entered the top ten circulating shareholders, holding 1.0152 million shares, accounting for 0.53% of circulating shares [2] - The fund was established on July 15, 2022, with a current scale of 113 million CNY, and has achieved a year-to-date return of 18.66% [2] - The fund manager, Zhang Lu, has a tenure of 6 years and 40 days, with the fund's total asset scale at 15.413 billion CNY, and the best return during the tenure being 117.68% [2] Group 3 - The Yongying High-end Equipment Smart Selection Mixed Fund A (015789) increased its holdings in Zhenyou Technology by 288,400 shares in the second quarter, making it the sixth-largest heavy stock in the fund, with a net asset proportion of 4.79% [3] - The fund's current floating profit from its investment in Zhenyou Technology is approximately 1.5939 million CNY [3]

Group 1 - The company will participate in the 2025 semi-annual performance briefing for the software industry on September 11, 2025, from 15:00 to 17:00 [2][3] - The briefing will be held at the Shanghai Stock Exchange Roadshow Center and will be conducted in an online text interaction format [2][3] - Key company personnel attending the briefing include the Chairman, General Manager, Directors, Independent Directors, CFO, and Secretary of the Board [2] Group 2 - Investors can submit questions for the briefing from September 4, 2025, to September 10, 2025, before 16:00 [3] - The company will address commonly asked questions during the briefing [2][3] - After the briefing, investors can view the main content and outcomes on the Shanghai Stock Exchange Roadshow Center website [3]

证券代码：688418 证券简称：震有科技 公告编号：2025-053 深圳震有科技股份有限公司 关于参加2025 年半年度科创板软件行业 集体业绩说明会的公告 本公司董事会及全体董事保证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： 会议召开时间：2025 年 9 月 11 日（星期四）下午 15:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 9 月 4 日（星期四）至 9 月 10 日（星期三）下午 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@genew.com 进行提问，公司将在说明会上对投资者普遍关注的问题进行回答。 深圳震有科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 20 日发布公 司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营 成果、 ...