证券代码：688568 证券简称：中科星图 关于中科星图股份有限公司 向特定对象发行股票 申请文件的审核问询函的回复 保荐机构（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 二〇二五年六月 上海证券交易所： 贵所下发的《关于中科星图股份有限公司向特定对象发行股票申请文件的审 核问询函》（上证科审（再融资）〔2025〕53 号）（以下简称"审核问询函" 或"问询函"）已于 2025 年 5 月 19 日收悉。中科星图股份有限公司（以下简称 "中科星图"、"发行人"或"公司"）会同中信建投证券股份有限公司（以下 简称"中信建投证券"或"保荐机构"）、北京市君合律师事务所（以下简称"发 行人律师"）、立信会计师事务所（特殊普通合伙）（以下简称"申报会计师"） 等相关方对审核问询函所列示问题进行了逐项落实、核查，现予回复。 关于回复内容释义、格式等事项的说明： 1、如无特殊说明，本回复中使用的简称或名词释义与募集说明书中的释义 相同； 2、本回复中可能存在个别数据加总后与相关汇总数据存在尾差，均系数据 计算时四舍五入造成； 3、本审核问询函回复中的字体代表以下含义： | 格式 | 说明 | | --- | ...

关于中科星图股份有限公司 向特定对象发行股票 申请文件的审核问询函的回复 信会师报字[2025]第 ZG12644 号 上海证券交易所： 贵所下发的《关于中科星图股份有限公司向特定对象发行股票申请文件的审 核问询函》（上证科审（再融资）〔2025〕53 号）（以下简称"审核问询函" 或"问询函"）已于 2025 年 5 月 19 日收悉。立信会计师事务所（特殊普通合伙） （以下简称"会计师"或"我们"）对审核问询函所列示问题进行了逐项落实、 核查，现予回复。 1、如无特殊说明，本回复中使用的简称或名词释义与募集说明书中的释义 相同； 2、本回复中可能存在个别数据加总后与相关汇总数据存在尾差，均系数据 计算时四舍五入造成； | 格式 | 说明 | | --- | --- | | 黑体（不加粗） | 问询函所列问题 | | 宋体（不加粗） | 对问询函所列问题的回复 | 3、本审核问询函回复中的字体代表以下含义： 7-2-1 | | | 问题 1、关于募投项目 根据申报材料，1）本次向特定对象发行股票募集资金总额不超过人民币 250,000.00 万元，投向星图云空天信息云平台建设项目、星图低空云低空监管 与飞行 ...

证券代码：688568 证券简称：中科星图 公告编号：2025-042 中科星图股份有限公司 关于向特定对象发行 A 股股票申请文件的 公司收到《审核问询函》后，按照要求会同相关中介机构就《审核问询函》 中提出的问题进行了认真研究和逐项落实，并对有关问题逐项进行了说明和回复， 具体内容详见公司于同日在上交所网站（www.sse.com.cn）披露的《关于中科星 图股份有限公司向特定对象发行股票申请文件的审核问询函的回复》等相关文件。 公司本次向特定对象发行 A 股股票事项尚需经上交所审核，并获得中国证 券监督管理委员会（以下简称"中国证监会"）同意注册的决定后方可实施，最 终能否通过上交所审核并获得中国证监会同意注册的决定及其时间尚存在不确 定性。 公司将根据该事项的进展情况及时履行信息披露义务，敬请广大投资者注意 投资风险。 特此公告。 中科星图股份有限公司董事会 2025 年 6 月 28 日 1 审核问询函回复的提示性公告 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。 中科星图股份有限公司（以下简称"公司"）于 2 ...

Group 1 - The core point of the article is that Zhongke Xingtou's military procurement qualification has been restored, allowing the company to participate in military material engineering service procurement activities, which is expected to have a positive impact on its normal operations and development [2] - The company faced a suspension of its military procurement qualification due to alleged violations related to a specific project, which led to a significant drop in its stock price [2] - Despite the suspension, the company stated that it did not have a major adverse impact on its operating performance [2] Group 2 - The company is focusing on the commercial aerospace, low-altitude economy, and digital economy markets, aiming to enhance its aerospace information technology innovation and ecosystem [3] - The strategic transition involves moving from high-speed growth to high-quality development through a comprehensive approach that includes strengthening capabilities and expanding into the aerospace industry [3] Group 3 - Since its listing, Zhongke Xingtou has experienced continuous growth in net profit attributable to shareholders, with double-digit growth for seven consecutive years from 2017 to 2023 [4] - In 2024, the growth rate of net profit is expected to slow down to 2.67%, while the first quarter of this year saw a significant year-on-year increase of 971% in net profit, reaching 20.77 million yuan, although it experienced a quarter-on-quarter decline of 89.92% [4]

Market Overview - Federal Reserve Chairman Jerome Powell anticipates significant inflationary pressures, overshadowing optimistic sentiments from Trump's comments on Iran negotiations, leading to a slight decline in major U.S. stock indices [1] - The S&P 500 index closed down 0.03%, the Dow Jones down 0.10%, while the Nasdaq rose 0.13% [1] - Technology stocks led the gains in the U.S. market, with banks benefiting from proposed easing of capital regulations on U.S. Treasury transactions [1] - Circle, the first stablecoin company, surged over 34% following the U.S. Senate's passage of a stablecoin regulatory framework [1] Commodity and Financial Markets - Gold prices fell over 1% from intraday highs, while platinum reached an eleven-year high [3] - Oil prices experienced volatility, declining after Trump expressed a desire to avoid U.S. involvement in Middle Eastern conflicts [3] AI and Technology Developments - OpenAI has initiated a price war by discounting its ChatGPT enterprise version, putting Microsoft in a reactive position [4] - Sam Altman, in a recent interview, discussed the potential of AI to discover new sciences and the future prevalence of AI companions and humanoid robots [5] Regulatory and Policy Updates - The Central Financial Committee of China issued opinions to support the development of Shanghai as an international financial center, emphasizing the use of blockchain in supply chain finance [8] - The China Securities Regulatory Commission released guidelines to enhance the inclusivity of the Sci-Tech Innovation Board [8] Industry Insights - Goldman Sachs predicts a boom in China's AI/AR glasses market, projecting sales to reach 7 million units by 2030 [7] - The Ministry of Industry and Information Technology of China aims for over 70% digitalization in key business processes of large textile enterprises by 2027 [9] Stock Market Highlights - Circle's market capitalization reached approximately $44.4 billion (around 320 billion RMB) after a significant price increase [15] - The price of platinum has risen over 60 CNY per gram in the past month, with a nearly 30% increase [16][17] - DRAM prices saw a significant increase, with DDR4 experiencing a 53% rise in May, the largest increase since 2017 [18][19]

证券代码：688568 证券简称：中科星图 公告编号：2025-041 中科星图股份有限公司 关于恢复军队物资工程服务采购活动的公告 二、关于公司被恢复采购资格的情况 2025 年 6 月 18 日，军采网已经解除公司的暂停事项，恢复公司参加军队物 资工程服务采购活动的资格。 三、对公司的影响及风险提示 暂停期间，公司未能参加军队物资工程服务采购活动，该情况未对公司经营 业绩产生重大不利影响。 资格恢复后，公司可全面参与军队物资工程服务采购活动，将为公司正常经 营和发展带来积极影响。 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。 中科星图股份有限公司（以下简称"公司"）于 2025 年 5 月 30 日在上海证 券交易所网站（www.sse.com.cn）披露了《中科星图股份有限公司关于暂停参加 军队物资工程服务采购活动的公告》（公告编号：2025-039）。公司已就该事项完 成了内部核查，经申诉等程序，2025 年 6 月 18 日，军队采购网（以下简称"军 采网"）已经解除公司的暂停事项，恢复公司参加军队物资工程服务采购 ...

Core Viewpoint - The company is actively enhancing its space-based innovation capabilities in response to the rapid development of China's commercial aerospace industry, focusing on satellite measurement and control technology [1] Group 1: Product Development - The company has developed the "Observer" intelligent measurement and control series products to meet the demand for intelligent satellite measurement and control [1] - The "Observer" products utilize core technologies such as high-precision orbit and attitude control calculations, intelligent planning and scheduling of measurement and control resources, and integrated design and intelligent management of measurement and control equipment [1] - The company has also created the "Sky Arrow" and "Sky Star" commercial aerospace comprehensive electronic system products, which are designed to support the high-frequency, reusable, and low-cost modular development of commercial satellites [1] Group 2: Technical Capabilities - The "Sky Arrow" series focuses on the new generation of commercial launch vehicles, providing end-to-end comprehensive measurement and communication services from signal perception to data processing [1] - The "Sky Star" series offers measurement, control, and communication system solutions covering the entire lifecycle of large-scale commercial satellite constellations [1] - To meet the demands of rapid production in commercial aerospace, the company provides automated ground testing systems for rockets and satellites, simulators, and various communication networking devices and systems [1]

出品 | 搜狐财经 研究员 | 王晓潇 全军范围内暂停资格 短期业绩将受冲击 近期，军队采购网发布公告称，中科星图因围标串标行为，自当日起被暂停参与全军物资工程服务采购的资格，同时其法定代表人关联的企业以及授权代表 代理的供应商也被限制参与军队采购活动。根据相关招投标信息，中科星图此次违规的导火索是一份合同预算超过4200万元的实验室软件开发项目。 图：中科星图2024年可持续发 展报告 【编者按：ESG年报解读是搜狐财经及价值公司100联合发起的针对各公司ESG报告披露情况的解读专栏。参考上交所《上市公司治理准则》、港交所《环 境、社会及管治守则》等文件，迭代完善各行业ESG星级测评体系标准，并以最新标准为依托，以2024年公司ESG报告为主要数据来源，对公司2024年环境 资源、社会责任及公司管治进行评价】 ——本文为"中科星图" 中科星图展现出对公平竞争秩序的主动维护姿态。报告中提到，公司规范对外市场宣传及销售洽谈行为，要求相关活动遵循客观事实原则。公司明确规定， 不得夸大、隐瞒或捏造产品及服务信息，不得进行恶意低价竞标，也不得脱离实际承诺顾客需求。 而当前围串标风险引发的短期经营冲击，与报告中 "强化 ...

Investment Rating - The report highlights the deep-sea technology sector as a strategic emerging industry, with a projected global market size exceeding $500 billion by 2025, growing at an annual rate of over 15% [1][4]. Core Insights - The report emphasizes the rapid development of the global deep-sea technology market, with significant investment opportunities in sub-sectors such as deep-sea equipment manufacturing, resource exploration, and deep-sea biomedicine [1][4]. - The Chinese deep-sea economy is expected to reach approximately $3.25 trillion by 2025, accounting for 25% of the total marine economy, with a growth rate exceeding 20% [43][44]. Summary by Sections Industry Overview - The deep-sea technology sector has been recognized as a key area for strategic development, with the Chinese government prioritizing its growth in the 2025 Government Work Report [1][4]. - The global deep-sea technology market is projected to surpass $500 billion by 2025, with a compound annual growth rate (CAGR) of over 15% [1][4]. Industry Status - The report indicates that the global deep-sea technology market is experiencing rapid growth, with the deep-sea oil and gas sector remaining a cornerstone, while emerging fields like underwater mining and underwater vehicles are also expanding significantly [37][39]. - The underwater mining market is expected to grow from approximately $3.7 billion in 2024 to $15.9 billion by 2029, with a CAGR of 33.7% [37][39]. Investment Strategy - The report suggests focusing on investment opportunities in extreme environment equipment that relies on high-strength titanium alloys, nanocomposite materials, and intelligent control systems [4][37]. - Short-term strategies include capitalizing on domestic replacements driven by policy support, while long-term strategies should focus on breakthroughs in materials and core components [4][37]. Industry Chain and Key Enterprises - The report categorizes the industry chain into upstream (materials and technology), midstream (precision components and complete equipment), and downstream (applications and commercialization scenarios) [52][53]. - Key players in the upstream segment include companies like Western Materials and BaoTi Co., while midstream players include China Shipbuilding and China Heavy Industry [52][53].

Core Viewpoint - The establishment of the Southeast Headquarters of Zhongke Star Map in Xiamen aims to accelerate regional layout and promote low-altitude economic development, positioning the company as a leader in the low-altitude economy sector [1][3]. Group 1: Company Strategy and Goals - Zhongke Star Map plans to create a "low-altitude cloud" service model to provide low-altitude cloud services across various regional markets [1]. - The Southeast Headquarters will focus on commercial aerospace, aerospace data services, and low-altitude economy as core business areas [1][3]. - The company aims to build a national-level aerospace data service trading platform and a demonstration highland for the low-altitude economy in the region [1][3]. Group 2: Regional Advantages and Collaborations - Xiamen has unique advantages for developing low-altitude economy and commercial aerospace, including economic, industrial, and talent advantages [2][6]. - The local government is actively promoting a "4+4+6" modern industrial system, which aligns with Zhongke Star Map's goals for collaboration in low-altitude safety, marine monitoring, and smart city innovations [4][6]. - Zhongke Star Map intends to deepen cooperation with Xiamen in areas such as technology development, ecosystem building, and scene empowerment [4]. Group 3: Infrastructure and Ecosystem Development - The company will establish a collaborative network called "One Core and Four Extremes," with Xiamen as the innovation hub, linking cities like Fuzhou and Hangzhou to create industry benchmarks [5]. - The Southeast Headquarters will integrate resources and implement a "1+3+2" strategic layout, which includes one headquarters building, three headquarters, and two research institutes [3][6]. - Zhongke Star Map's equipment headquarters will focus on the "Tianjian" series of rocket electronic systems, anticipating significant market growth due to the booming commercial aerospace industry [6][7]. Group 4: Future Prospects and Innovations - The company is actively preparing multiple low-altitude projects in the Southeast region, including "low-altitude construction plans" and "integrated vehicle-road-cloud" initiatives [7]. - Zhongke Star Map aims to attract high-tech enterprises in the aerospace field to create an industrial cluster effect through a shared aerospace data platform and low-altitude flight service ecosystem [7]. - The company has launched three innovative products, including the "Tianjian" series rocket electronic systems and the low-altitude digital twin base, to empower new aerospace scenarios [7].