天眼查商业履历信息显示，中科星图股份有限公司，成立于2006年，位于北京市，是一家以从事软件和 信息技术服务业为主的企业。企业注册资本54332.593万人民币，实缴资本31689.7271万人民币。公司法 定代表人为许光銮。 资金流向方面，今日主力资金净流入8295.07万元，占比成交额10.36%。其中，超大单净流入5586.24万 元、占成交额6.97%，大单净流入2708.83万元、占成交额3.38%，中单净流出流出1624.38万元、占成交 额2.03%，小单净流出6670.69万元、占成交额8.33%。 来源：金融界 中科星图最新一期业绩显示，截至2025一季报，公司营业总收入5.04亿元、同比增长20.48%，归属净利 润2077.66万元，同比增长971.00%，扣非净利润2396.99万元，同比减少87.73%，流动比率1.703、速动 比率1.472、资产负债率43.35%。 金融界消息 截至2025年8月4日收盘，中科星图（688568）报收于39.12元，上涨6.77%，换手率2.59%， 成交量20.99万手，成交金额8.01亿元。 通过天眼查大数据分析，中科星图股份有限公司共对外投 ...

Group 1: Liquidity and Scale of AI ETF - The AI ETF has a turnover rate of 2.52% with a half-day trading volume of 81.81 million yuan, and an average daily trading volume of 269 million yuan over the past week as of August 1 [2] - The latest scale of the AI ETF reached 3.261 billion yuan, with leveraged funds continuing to invest, showing a financing buy-in amount of 19.96 million yuan and a financing balance of 88.20 million yuan [2] - The AI ETF has seen a net value increase of 53.17% over the past year, ranking 260 out of 2944 index equity funds, placing it in the top 8.83% [2] Group 2: Performance Metrics - Since its inception, the AI ETF has recorded a highest monthly return of 30.38%, with the longest consecutive monthly gains being 3 months and the longest cumulative gain reaching 43.97%, averaging a monthly return of 6.94% during rising months [2] - The AI ETF closely tracks the CSI Artificial Intelligence Industry Index, which selects 50 representative listed companies based on their AI business proportion, growth level, and market capitalization [2] Group 3: Key Holdings and Market Trends - As of July 31, 2025, the top ten weighted stocks in the CSI Artificial Intelligence Industry Index account for 61.26% of the index, with notable companies including Xinyi Sheng, Cambricon, and iFlytek [3] - The anticipated release of GPT-5 by OpenAI, expected in early August, will include three versions, enhancing capabilities in understanding and processing complex information [3] - The ongoing performance growth of AI-driven overseas tech companies and the acceleration of AI application monetization in China highlight the investment value in the domestic AI chain [3] Group 4: Investment Strategy and Focus Areas - The Huafu AI ETF (515980) is unique in its quarterly rebalancing and exclusive tracking of the AI industry index, balancing computing power and applications at 50% each [5] - The index includes sectors with strong commercialization potential in AI applications such as autonomous driving, robotics, and smart wearables, each holding a 5% weight [6] - Investors can also consider the Huafu AI ETF linked funds (Class A 008020, Class C 008021) to gain exposure to high-purity AI business stocks while avoiding speculative trading [7]

Group 1 - The company plans to repurchase its shares using funds from its initial public offering and its own funds, with a total repurchase amount between RMB 40 million and RMB 60 million, and a maximum repurchase price of RMB 84.39 per share [2] - The maximum repurchase price was adjusted to RMB 56.55 per share following the implementation of the 2024 annual equity distribution [3] - As of July 31, 2025, the company has repurchased a total of 1,476,724 shares, accounting for 0.1824% of the total share capital, with a total expenditure of approximately RMB 49.96 million [4] Group 2 - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [6] - The repurchase progress complies with relevant laws and regulations as well as the company's repurchase plan [5]

Group 1 - The core point of the article is that Zhongke Xingtou announced a share buyback plan, indicating a commitment to enhancing shareholder value [2] - As of July 31, 2025, the company has repurchased a total of 1,476,724 shares [2] - The repurchased shares account for 0.1824% of the company's total share capital [2]

中科星图股份有限公司（以下简称"公司"）于 2025 年 4 月 14 日召开第三 届董事会第四次会议、第三届监事会第四次会议，于 2025 年 5 月 7 日召开 2025 年第一次临时股东大会，审议通过《关于以集中竞价交易方式回购公司股份方案 的议案》。公司拟使用首次公开发行股票取得的超募资金和公司自有资金以集中竞 价交易方式回购公司已发行的人民币普通股（A 股）股票，本次回购的股份拟用 于注销并减少公司注册资本，本次回购的资金总额不低于人民币 4,000 万元（含） 且不超过人民币 6,000 万元（含），回购价格不超过人民币 84.39 元/股（含），回购 期限为自公司股东大会审议通过本次回购方案之日起不超过 12 个月。具体内容详 见公司分别于 2025 年 4 月 15 日、2025 年 5 月 8 日在上海证券交易所网站 1 证券代码：688568 证券简称：中科星图 公告编号：2025-048 中科星图股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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、准确性和完整性承担法律责任。 | ...

格隆汇8月1日丨中科星图(688568.SH)公布，截至2025年7月31日，公司通过上海证券交易所交易系统以 集中竞价交易方式累计回购公司股份147.67万股，占公司总股本的比例为0.1824%，回购成交的最高价 为36.28元/股，最低价为32.11元/股，支付的资金总额为人民币4995.94万元（不含印花税、交易佣金等 交易费用）。 ...

而低轨星座计划的蓬勃发展，北斗技术的逐步突破，自主高精度定位及时空数据产业具备较为完善的基 础设施，或将进入商业化发展阶段。"星网+北斗"将构成时空数据要素基准技术支撑体系。 公司方面，其表示包括： 据环球时报报道，伊朗正制定一项定位服务迁移计划，逐步将交通导航、农业监测、物联网等关键领域 的定位系统从GPS迁移至中国北斗导航系统。"北斗系统不仅架构先进、定位精度高，尤其在亚洲地区 具备显著的覆盖优势，而且其控制权由中国自主掌握，而非受控于美国。"伊朗高官说道。 《2025中国卫星导航与位置服务产业发展白皮书》显示，北斗作为联合国认可的全球卫星导航系统核心 供应商，签署了中俄、中巴、中阿、中沙、中白等合作文件，全面进入民航、海事、移动通信等11个国 际组织的标准体系，持续扩大北斗国际"朋友圈"，产品出口140余个国家和地区，在尼日利亚、突尼斯 等30多个非洲国家建设北斗CORS站，为当地国土测绘、水利、交通、农业、林业、采矿、车辆管理、 气象监测等多个领域提供高精度位置服务。 方正证券分析称，随着北斗建设"三步走"持续推进，北斗规模应用已进入市场化、产业化、国际化发展 关键阶段。"通、导、遥"三位一体，新一代 ...

Core Viewpoint - The establishment of the Low Altitude Product Research Institute by Zhongke Xingtou marks a significant step in the implementation of its "one body, two wings" strategy, aimed at promoting high-quality development in the low-altitude economy and integrating resources for innovative growth [2][4]. Group 1: Strategic Development - The Low Altitude Product Research Institute is a response to the national low-altitude economic development strategy and aims to transition the company from a project-based to a product-oriented enterprise [3][4]. - The institute will integrate resources from various subsidiaries in cloud services, meteorology, and electromagnetic fields to create a unified low-altitude product development system [3][4]. - The four core tasks identified for the institute include strategic transformation, multi-dimensional support, enhancing product competitiveness, and participating in major research projects [4][7]. Group 2: Technological and Product Innovation - The institute will focus on six specialized departments, including low-altitude safety and AI empowerment, to achieve technical collaboration and resource integration [3][6]. - Zhongke Xingtou has maintained a research and development investment intensity exceeding 20% since its listing in 2020, accumulating over 3,100 intellectual property rights [5][6]. - The company aims to enhance its product ecosystem and support the systematic development of low-altitude products through improved resource coordination and innovation [7]. Group 3: Industry Challenges and Solutions - The low-altitude economy faces challenges such as talent shortages, high regulatory costs, and difficulties in inter-departmental coordination [4][7]. - Zhongke Xingtou's solutions include creating a unified platform to lower industry entry barriers and utilizing AI and big data to optimize regulatory efficiency [4][7]. - The establishment of the Low Altitude Product Research Institute is seen as a key move to address these industry pain points and enhance overall efficiency [7].

Core Viewpoint - The military simulation software industry in China is experiencing rapid growth, driven by the promotion of self-controlled software in the military, with significant increases in market size and demand projected for the coming years [1][10][12]. Industry Characteristics and Classification - Military simulation software is used for simulating military operations, training, and decision-making, categorized by simulation object levels and system composition [2][4]. - The industry is characterized by high technology intensity, large market potential, significant R&D investment, and long development cycles [4]. Current Development Status - The global military simulation software market is projected to reach $12.758 billion in 2024, with North America and the Asia-Pacific region holding significant market shares [7]. - China's military simulation software industry is growing due to increased national defense spending and military reforms, with a notable rise in demand for simulation technology [9][10]. Market Size and Projections - In 2024, China's military simulation software industry is expected to generate a revenue of 18.445 billion yuan, with a market size of 19.298 billion yuan and a demand for 24,888 sets [10][12]. - By 2025, the industry is projected to reach a revenue of 21.372 billion yuan, with a market size of 22.006 billion yuan and a demand for 29,598 sets [10][12]. Customer Segmentation - In 2024, military academies and research institutes will account for approximately 35.87% of the demand, while military units and agencies will represent about 45.03% [12]. - By 2025, the share of military academies and research institutes is expected to decrease slightly to 34.44%, while military units will increase to 45.44% [12]. Industry Chain - The upstream of the military simulation software industry includes computer and network equipment manufacturing, while the downstream consists of military and defense industrial enterprises with stable and increasing demand for simulation technology [14]. Policy Environment - The military simulation technology has gained recognition in enhancing research efficiency and optimizing combat strategies, supported by national policies focusing on defense informationization and intelligent combat training [16][17]. Competitive Landscape - The industry features two main types of competitors: state-owned entities with strong technical and financial backing, and private enterprises like Huaru Technology, which excel in market development and innovation [18][20]. - Foreign companies face challenges in entering the domestic military simulation market due to confidentiality restrictions [18]. Key Companies - Huaru Technology focuses on military simulation products and services, achieving comprehensive market coverage across various military branches and applications [20][21]. - Zhongke Xingtou integrates space and air capabilities, providing high-quality space information services and achieving significant revenue growth [24]. Future Trends - The military simulation software industry is expected to evolve with advancements in high-performance computing, artificial intelligence, and virtual reality technologies, enhancing the capabilities and applications of simulation software [26].

Core Insights - The low-altitude economy is evolving into a significant market, with estimates suggesting it could reach a scale of 10 trillion yuan, indicating its status as an economic system formed by multiple industries [1] - The strategic collaboration between Zhongke Xingtou and Zhongke Shuguang aims to build an integrated computing architecture and promote technological development and ecosystem expansion in the aerospace information sector [1][3] Industry Development - The low-altitude economy is recognized as a new productive force, with local governments actively implementing policies to support its development [3] - Various regions, including Hubei, Tianjin, Guangdong, and Jiangsu, have begun testing provincial low-altitude flight service platforms, while others like Beijing and Shandong are also advancing similar initiatives [3] - The development of low-altitude economy infrastructure requires significant upfront investment, and progress varies across different regions [3][4] Infrastructure and Investment - The initial investment and operational costs for low-altitude economy infrastructure are substantial, similar to the economic benefits derived from metro or highway networks [4] - A gradual approach to investment is recommended, focusing on essential infrastructure like takeoff and landing sites before expanding further [4] Safety and Technology - Ensuring safety in low-altitude operations is crucial for orderly development, with current safety concerns being a major bottleneck [5] - Zhongke Xingtou is leveraging high-precision geographic data and edge computing to enhance flight safety and route planning [5] Future Directions - The establishment of the Star Map Low Altitude Cloud platform reflects Zhongke Xingtou's commitment to the low-altitude economy, which has been in development since 2018 [5] - The company aims to explore innovative applications in logistics and public infrastructure management, integrating AI to replace high-risk manual inspections [6] - Future business development will focus on regions with high enthusiasm for low-altitude economy, such as Chongqing, Jiangsu, and Xiamen, to build experience and showcase successful scenarios [6]