Market Performance - The aerospace equipment sector increased by 1.36% on September 22, with Xingwang Yuda leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Key stocks in the aerospace equipment sector showed varied performance, with Xingwang Yuda closing at 21.35, up 3.14%, and China Satellite at 35.47, up 1.37% [1] - The trading volume and turnover for Xingwang Yuda were 142,400 shares and 304 million yuan, respectively [1] Capital Flow - The aerospace equipment sector experienced a net outflow of 72.87 million yuan from institutional investors, while retail investors saw a net inflow of 41.56 million yuan [1] - The detailed capital flow for key stocks indicates that Xingwang Yuda had a net inflow of 16.30 million yuan from institutional investors, while China Satellite had a net outflow of 10.47 million yuan [2]

特此公告。 湖南航天环宇通信科技股份有限公司董事会 2025 年 9 月 13 日 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。 为进一步加强与投资者的互动交流，湖南航天环宇通信科技股份有限公司（以下 简称"公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公 司联合举办的"资本聚三湘 楚光耀新程——2025 年湖南辖区上市公司投资者网上集 体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本 次互动交流，活动时间为 2025 年 9 月 19 日（星期五）14:00-17:00。 届时公司董事会秘书及相关人员将在线就 2025 半年度业绩、公司治理、发展战 略、经营状况等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃 参与。 证券代码：688523 证券简称：航天环宇 公告编号：2025-032 湖南航天环宇通信科技股份有 ...

Core Viewpoint - The aerospace equipment sector experienced a slight decline of 0.31% on September 12, with Aerospace Hanyu leading the drop, while the Shanghai Composite Index rose by 0.22% to close at 3883.69 [1] Summary by Category Market Performance - The Shanghai Composite Index closed at 3883.69, up 0.22% - The Shenzhen Component Index closed at 12996.38, up 0.13% [1] Aerospace Equipment Sector - The aerospace equipment sector saw a net outflow of main funds amounting to 34.52 million yuan, while retail investors contributed a net inflow of 56.58 million yuan [1] - The following companies in the aerospace equipment sector had notable stock performance: - China Satellite (600118): Closed at 38.66, up 2.76%, with a trading volume of 628,600 shares and a transaction value of 2.404 billion yuan - Zhongtian Rocket (003009): Closed at 49.53, up 1.87%, with a trading volume of 29,600 shares and a transaction value of 146 million yuan - Xinyu Guoke (300722): Closed at 33.08, up 1.53%, with a trading volume of 41,700 shares and a transaction value of 138 million yuan - Other companies like Ligong Navigation (688282), Aerospace Electronics (600879), and China Communications (601698) showed minor declines [1]

Market Performance - The aerospace equipment sector increased by 1.31% on September 11, with Aerospace Hanyu leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Stock Performance - Notable stock performances include: - Aerospace Hanyu (688523) closed at 24.15, up 3.34% with a trading volume of 58,300 shares and a turnover of 139 million yuan - LIGONG Navigation (688282) closed at 45.25, up 3.26% with a trading volume of 5,116 shares and a turnover of 23.03 million yuan - Aerospace Electronics (600879) closed at 10.46, up 1.75% with a trading volume of 612,900 shares and a turnover of 636 million yuan [1] Capital Flow - The aerospace equipment sector experienced a net outflow of 160 million yuan from institutional investors, while retail investors saw a net inflow of 176 million yuan [1] - Detailed capital flow for specific stocks shows: - Aerospace Electronics (600879) had a net inflow of 19.30 million yuan from institutional investors but a net outflow of 18.72 million yuan from retail investors [2] - LIGONG Navigation (688282) had a net inflow of 3.56 million yuan from institutional investors but a net outflow of 2.83 million yuan from retail investors [2] - China Satellite (600118) had a significant net outflow of 11.20 million yuan from institutional investors, while retail investors contributed a net inflow of 123 million yuan [2]

Market Performance - The aerospace equipment sector increased by 1.11% on September 5, with LIGONG Navigation leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Key stocks in the aerospace equipment sector showed the following closing prices and percentage changes: - LIGONG Navigation: 43.13, up 2.71% [1] - Aerospace Huanyu: 22.86, up 1.65% [1] - StarNet Yuda: 20.55, up 1.58% [1] - Xinyu Guoke: 32.11, up 1.39% [1] - China Satellite: 32.92, up 0.34% [1] Capital Flow - The aerospace equipment sector saw a net inflow of 53.25 million yuan from institutional investors, while retail investors experienced a net outflow of 53.50 million yuan [1] - Detailed capital flow for key stocks includes: - Aerospace Electronics: 37.37 million yuan net inflow from institutions [2] - China Satellite: 30.20 million yuan net inflow from institutions [2] - StarNet Yuda: 0.72 million yuan net inflow from institutions [2]

Core Viewpoint - The report outlines the continuous supervision and compliance of Hunan Aerospace Huanyu Communication Technology Co., Ltd. during its initial public offering and listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, emphasizing the absence of major violations and the company's adherence to regulatory requirements [1][4][26]. Continuous Supervision Work - The sponsor has established and effectively implemented a continuous supervision work system, creating specific work plans for ongoing oversight [2][4]. - During the supervision period, the company did not report any violations or breaches of commitments [5][6]. Compliance and Governance - The sponsor has ensured that the company and its management comply with laws, regulations, and business rules set by the Shanghai Stock Exchange [6][7]. - The company has established effective internal control systems, including financial management and auditing procedures, ensuring proper governance [7][8]. Financial Performance - For the first half of 2025, the company's operating income reached approximately 207 million yuan, a 23.44% increase from the same period in 2024 [21]. - The net profit attributable to shareholders was approximately 34.7 million yuan, reflecting a 52% increase year-on-year [21]. - The company's basic earnings per share rose by 52.58% to 0.0859 yuan [21]. Research and Development - The company invested approximately 37.7 million yuan in R&D during the first half of 2025, representing a 49% increase compared to the same period in 2024 [21][26]. - The R&D expenditure accounted for 18.22% of operating income, an increase of 3.12 percentage points from the previous year [21]. Core Competitiveness - The company has developed a comprehensive technical system in aerospace products, satellite communication, and testing equipment, which enhances its competitive edge [22][23]. - The company has established a high-level, professional R&D team, contributing to its innovation capabilities and future growth [22][23]. Industry Context - The aerospace industry is characterized by high technology and significant government support, with policies encouraging development in this strategic sector [23][24]. - The company faces competition from new entrants as the industry opens up, necessitating continuous innovation to maintain its market position [24][25]. Use of Raised Funds - The company raised approximately 893.6 million yuan from its IPO, with a net amount of about 823.1 million yuan after deducting issuance costs [26]. - The funds are being used in compliance with regulations, with no violations reported regarding their usage [26].

| 序 号 | 工作内容 | 实施情况 | | --- | --- | --- | | | | 本持续督导期间，保荐机构督导 | | | 督导上市公司及其董事、监事、高级管理人员遵守法 | 航天环宇及其董事、监事、高级 | | | 律、法规、部门规章和上海证券交易所发布的业务规 | 管理人员遵守法律、法规、部门 | | 6 | 则及其他规范性文件，并切实履行其所作出的各项承 | 规章和上海证券交易所发布的业 | | | 诺。 | 务规则及其他规范性文件，切实 | | | | 履行其所做出的各项承诺。 | | | 督导上市公司建立健全并有效执行公司治理制度，包 | 保荐机构督促航天环宇依照相关 | | 7 | 括但不限于股东大会、董事会、监事会议事规则以及 | 规定健全完善公司治理制度并有 | | | 董事、监事和高级管理人员的行为规范等 | 效执行。 | | | 督导上市公司建立健全并有效执行内控制度，包括但 | 保荐机构对航天环宇的内控制度 | | | 不限于财务管理制度、会计核算制度和内部审计制 | 的设计、实施和有效性进行了核 | | 8 | 度，以及募集资金使用、关联交易、对外担保、对外 | 查，航天 ...

Market Overview - The aerospace equipment sector experienced a decline of 3.15% on September 2, with Aerospace Hanyu leading the drop [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Key stocks in the aerospace equipment sector showed the following closing prices and percentage changes: - Zhongtian Rocket (003009): 58.57, -1.33% - Xinyu Guoke (300722): 36.88, -1.94% - China Satellite (600118): 35.66, -2.91% - Xingwang Yuda (002829): 22.92, -3.21% - Aerospace Electronics (600879): 11.30, -3.25% - China Telecom (601698): 23.05, -3.39% - Ligong Navigation (688282): 46.00, -5.21% - Aerospace Hanyu (688523): 24.47, -5.70% [1] Capital Flow - The aerospace equipment sector saw a net outflow of 728 million yuan from institutional investors, while retail investors contributed a net inflow of 618 million yuan [1] - The capital flow for individual stocks is as follows: - Aerospace Hanyu (688523): Net inflow of 4.89 million yuan from institutions, but a net outflow of 10.51 million yuan from retail investors - Ligong Navigation (688282): Net inflow of 0.65 million yuan from institutions, with a net outflow of 1.95 million yuan from retail investors - Zhongtian Rocket (003009): Net outflow of 23.44 million yuan from institutions, but a net inflow of 26.39 million yuan from retail investors - Xinyu Guoke (300722): Net outflow of 32.52 million yuan from institutions, with a net inflow of 33.21 million yuan from retail investors - Aerospace Electronics (600879): Net outflow of 214 million yuan from institutions, with a net inflow of 160 million yuan from retail investors [2]

Meeting Overview - The second extraordinary general meeting of shareholders was held on September 1, 2025, at the Hunan Aerospace Universe Aviation Industry Park in Changsha [2] - The meeting was convened by the board of directors and chaired by Chairman Li Wanxiao, utilizing a combination of on-site and online voting methods [2][3] Attendance - All 7 current directors and 3 supervisors attended the meeting, along with the board secretary and other senior management [3] Resolutions Passed - The following resolutions were approved: 1. Cancellation of the supervisory board and amendment of the Articles of Association [4] 2. Amendments to the Rules of Procedure for Shareholders' Meetings [4] 3. Amendments to the Rules of Procedure for Board Meetings [5] 4. Amendments to the Management Measures for Related Party Transactions [5] 5. Amendments to the Management Measures for External Investments [5] 6. Amendments to the External Guarantee Management System [5] 7. Amendments to the Management System for Raised Funds [5] 8. Addition of non-independent directors to the fourth board of directors [5] Voting Results - All resolutions were passed with the special resolution requiring more than two-thirds of the valid voting rights held by attending shareholders, while other resolutions required more than half [7] Legal Verification - The meeting was witnessed by Hunan Qiyuan Law Firm, confirming that the convening and voting procedures complied with relevant laws and regulations [8] Election of Employee Representative Director - Following the shareholder meeting, an employee representative meeting was held, resulting in the election of Huang Shengjun as the employee representative director of the fourth board of directors [9] - Huang Shengjun's term will last until the end of the fourth board's term [9] Background of Huang Shengjun - Huang Shengjun, born in 1974, has extensive experience in various managerial roles within the telecommunications and electronics sectors [10][11]

Meeting Details - The shareholders' meeting was held on September 1, 2025, at the Aerospace Industry Park in Changsha [1] - A total of 55 ordinary shareholders attended the meeting, holding 182,352,177 voting rights, which accounts for 45.1568% of the company's total voting rights [1] Voting Results - All non-cumulative voting proposals were approved with a high level of agreement, including: - 182,311,072 votes in favor (99.9774%) and 41,105 votes against (0.0226) for the first proposal [2] - 182,336,744 votes in favor (99.9915%) and 14,433 votes against (0.0079) for the second proposal [2] - 182,306,744 votes in favor (99.9750%) and 44,433 votes against (0.0243) for the third proposal [2] Legal Compliance - The meeting was convened and conducted in accordance with the Company Law and the company's articles of association, ensuring the legality of the voting procedures and results [3]