Group 1 - The Shanghai Composite Index decreased by 0.46%, while the Shanghai Guoxin Sci-Tech Innovation Board State-Owned Enterprises Index fell by 0.96%, closing at 976.38 points with a trading volume of 14.958 billion yuan [1] - The Shanghai Guoxin Sci-Tech Innovation Board State-Owned Enterprises Index has declined by 3.68% over the past month and 1.71% over the past three months, but has increased by 1.34% year-to-date [1] - The index is composed of state-owned enterprises listed on the Sci-Tech Innovation Board or companies with state capital participation without actual controllers, reflecting the overall performance of state-owned enterprises in this sector [1] Group 2 - The top ten weighted stocks in the index include Haiguang Information (5.8%), China Resources Microelectronics (5.7%), Huahai Qingke (5.64%), SMIC (5.45%), Western Superconducting (5.06%), Jinghe Integrated (4.19%), Zhongwei Company (4.02%), Huahong Semiconductor (3.59%), Zhongke Star Map (3.55%), and China Railway Signal & Communication (3.5%) [1] - The index's holdings are entirely composed of stocks listed on the Shanghai Stock Exchange, with the information technology sector accounting for 55.08%, industrial sector 29.31%, materials sector 9.41%, healthcare sector 3.58%, and communication services sector 2.61% [1]

Core Viewpoint - Zhongke Xingtou Technology Co., Ltd. is strategically positioning itself in the low-altitude economy by establishing its headquarters in Qingdao, aiming for a "1+2+N+M" strategy by 2025 to enhance its technological leadership and industry influence [1][3]. Group 1: Company Strategy and Developments - The newly established subsidiary, Zhongke Xingtou Low Altitude Cloud Technology Co., Ltd., will serve as the headquarters for the low-altitude economy and implement the "1+2+N+M" strategy [1][3]. - Zhongke Xingtou has launched two new low-altitude products: GEOVIS iFlight and DevMate.LAC, aimed at expanding low-altitude application scenarios through technological innovation [2][7]. - The company plans to build a digital infrastructure for low-altitude operations, enhancing flight management services and fostering innovative applications in low-altitude scenarios [3][6]. Group 2: Market Positioning and Regional Focus - The choice of Qingdao as the low-altitude economy headquarters is strategic, aiming to leverage the region for short-term business growth and to establish a robust foundation for the TOB market [3][5]. - Qingdao is recognized as a pilot city for national low-altitude airspace reform, with plans to develop a high-quality low-altitude economy over the next three years [5][6]. - The city has a comprehensive transportation network and a leading drone industry chain, making it an ideal location for low-altitude economic development [5][6]. Group 3: Product Features and Innovations - GEOVIS iFlight integrates drone hardware and management software to provide standardized services for various applications, including aerial photography and logistics [9]. - DevMate.LAC is a low-code application platform that simplifies the development of low-altitude applications, allowing for quick assembly of responsive systems [9]. - The integration of advanced technologies like low-altitude cloud, 6G, and satellite internet is expected to create a comprehensive low-altitude intelligent network in China [9].

Core Viewpoint - The digital earth industry in China has shown significant growth, with the market size increasing from approximately 2.88 billion yuan in 2019 to around 5.82 billion yuan in 2023, driven by advancements in technology and increasing demand for applications in resource management, environmental protection, and smart city construction [1][10]. Group 1: Industry Definition and Characteristics - Digital earth is defined as a digital model of the Earth, integrating data on spatial and temporal changes of activities and environments, aimed at providing high-quality services for sustainable development and economic construction [2][4]. Group 2: Industry Chain Analysis - The upstream of the digital earth industry includes remote sensing technology, geographic information systems (GIS), and satellite navigation systems, which provide essential data and technical support [4]. - The midstream focuses on data processing and service, utilizing advanced technologies for data preprocessing, classification, and modeling [4]. - The downstream applications include smart cities, natural resource management, traffic navigation, and weather forecasting, benefiting from innovations in remote sensing satellites, drones, and cloud computing [4][8]. Group 3: Industry Development History - The digital earth industry in China has evolved through several stages since the early 2000s, starting with theoretical exploration and pilot projects, leading to widespread application and commercialization [6]. Group 4: Current Industry Status - The digital earth industry has achieved significant technological innovations, particularly in remote sensing, GIS, and GPS, with a market size of approximately 5.82 billion yuan in 2023 [10]. - The demand for digital earth applications is expected to grow, especially in areas like natural resource management and smart city development [10]. Group 5: Downstream Application Areas - Natural resource management accounts for 32% of the digital earth applications, followed by environmental protection at 22%, and urban planning at 16% [12]. Group 6: Key Companies in the Industry - Major companies in the digital earth industry include: - Zhongke Xingtou, which excels in data integration and application across various sectors [14]. - Aerospace Hongtu, focusing on satellite remote sensing and global application [14]. - SuperMap Software, leveraging GIS technology for data processing and visualization [14]. - Four-dimensional Map New Technology, extending navigation services into the digital earth domain [14]. - Beidou Star Communication, integrating satellite navigation with digital earth applications [14]. Group 7: Future Development Trends - The digital earth industry is expected to see technological integration and innovation, driven by advancements in 5G, IoT, and AI, enhancing performance and efficiency [20][21]. - The application areas of digital earth are diversifying, impacting sectors such as disaster management, agriculture, and transportation [21]. - Global cooperation in the digital earth industry is increasing, facilitating technology sharing and market expansion [22].

中科星图: 中科星图股份有限公司2024年年度股东 大会决议公告 证券代码：688568 证券简称：中科星图 公告编号：2025-019 中科星图股份有限公司 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： ? 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 3 月 25 日 （二） 股东大会召开的地点：北京市海淀区永丰产业园中关村壹号 F1 座五层集 团会议室 普通股股东人数 493 普通股股东所持有表决权数量 339,051,893 例（%） 普通股股东所持有表决权数量占公司表决权数量的比例（%） 62.4030 （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长许光銮先生主持，采用现场投票与 网络投票相结合的方式召开。本次会议的召集、召开及表决方式符合《中华人民 共和国公司法》《上海证券交易所科创板股票上市规则》及《中科星图股份有限 公司章程》的有关规定。 （五） 公司董事、监事和董事会秘书的出席情 ...

中科星图: 北京市君合律师事务所关于中科星图股份有限 公司2024年年度股东大会之法律意见书 本法律意见书仅供见证本次股东大会相关事项合法性之目的而使用，未经本 所书面同意，任何人不得将其用作其他任何目的。 一、关于本次股东大会的召集和召开 （一）本次股东大会的召集与通知 根据公司于 2025 年 3 月 4 日公告的《中科星图股份有限公司关于召开 2024 年年度股东大会的通知》 （以下称《会议通知》），本次股东大会由公司董事会召集， 并且公司董事会已作出相关决议。根据《会议通知》，本次股东大会将于 2025 年 股东发出通知。 《会议通知》的内容包括会议时间、地点、方式、召集人、会议审 议议题、股权登记日以及会议出席对象、会议登记方法等内容，其中，股权登记 日与会议召开日期之间间隔不超过 7 个工作日。 （二）本次股东大会的召开 本次股东大会采取现场投票、网络投票相结合的方式。本次股东大会现场会 议于 2025 年 3 月 25 日下午 14:00 时在北京市海淀区永丰产业园中关村壹号 F1 座 五层集团会议室召开。本次股东大会召开的实际时间、地点以及方式与《会议通 知》中所告知的时间、地点及方式一致。本 ...

证券代码：688568 证券简称：中科星图 公告编号：2025-019 中科星图股份有限公司 2024 年年度股东大会决议公告 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： | 1、出席会议的股东和代理人人数 | 493 | | --- | --- | | 普通股股东人数 | 493 | | 2、出席会议的股东所持有的表决权数量 | 339,051,893 | | 普通股股东所持有表决权数量 | 339,051,893 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 62.4030 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 62.4030 | （四）表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长许光銮先生主持，采用现场投票与 网络投票相结合的方式召开。本次会议的召集、召开及表决方式符合《中华人民 共和国公司法》《上海证券交易所科创板股票上市规则》及《中科星图股份有限 1 公司章程》的有关规 ...

关于中科星图股份有限公司 2024 年年度股东大会之 法律意见书 二零二五年三月 | 北京总部 | 电话: (86-10) 8519-1300 | 上海分所 | 电话: (86-21) 5298-5488 | 广州分所 | 电话: (86-20) 2805-9088 | 深圳分所 | 电话: (86-755) 2939-5288 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 传真: (86-10) 8519-1350 | | 传真: (86-21) 5298-5492 | | 传真: (86-20) 2805-9099 | | 传真: (86-755) 2939-5289 | | 杭州分所 | 电话: (86-571) 2689-8188 | 成都分所 | 电话: (86-28) 6739-8000 | 西安分所 | 电话: (86-29) 8550-9666 | 青岛分所 | 电话: (86-532) 6869-5000 | | | 传真: (86-571) 2689-8199 | | 传真: (86-28) 6739 8001 | | | ...

Investment Rating - The report maintains a "Buy" rating for the company [1][4] Core Views - The company has demonstrated rapid revenue growth, with a reported revenue of 3.257 billion yuan in 2024, reflecting a year-on-year increase of 29.49% [4][6] - The net profit attributable to the parent company for 2024 was 351.7 million yuan, up 2.67% year-on-year [4][6] - The company is expanding its low-altitude product offerings, including the GEOVIS smart low-altitude brain product and the Star Map Low Altitude Cloud V1.0 product, which integrate various advanced technologies [4][6] - The company has a robust gross margin of 49.59% and a net profit margin of 16.14% for 2024, with stable expense ratios for sales, management, and R&D [4][6] Financial Projections - Revenue projections for 2025, 2026, and 2027 are 4.560 billion yuan, 5.929 billion yuan, and 7.114 billion yuan, respectively, with growth rates of 40%, 30%, and 20% [6][9] - The expected net profit for 2025, 2026, and 2027 is 529.96 million yuan, 690.53 million yuan, and 821.93 million yuan, with growth rates of 50.68%, 30.30%, and 19.03% [6][9] - The diluted earnings per share (EPS) are projected to be 0.98 yuan, 1.27 yuan, and 1.51 yuan for 2025, 2026, and 2027, respectively [6][9] Market Position and Strategy - The company has achieved a significant user base with 12,375 active applications on Star Map Cloud, reaching over 101.49 million terminal users [4][6] - The company is enhancing its capabilities in the aerospace sector by investing in upstream satellite and rocket component manufacturers [4][6]

Investment Rating - The report maintains a "Buy" rating for the company [1][4] Core Views - The company has demonstrated rapid revenue growth, with a reported revenue of 3.257 billion yuan in 2024, reflecting a year-on-year increase of 29.49% [3][4] - The net profit attributable to the parent company for 2024 was 352 million yuan, up 2.67% year-on-year [3][4] - The company is expanding its low-altitude product offerings, including the GEOVIS smart low-altitude brain product and the Star Map Low Altitude Cloud V1.0 product, which integrate various advanced technologies [4] - The company has a robust gross margin of 49.59% and a net profit margin of 16.14% for 2024, with stable expense ratios [3][4] Financial Projections - Revenue is projected to grow to 4.560 billion yuan in 2025, 5.929 billion yuan in 2026, and 7.114 billion yuan in 2027, with growth rates of 40%, 30%, and 20% respectively [6][8] - The net profit is expected to reach 530 million yuan in 2025, 691 million yuan in 2026, and 822 million yuan in 2027, with growth rates of 50.68%, 30.30%, and 19.03% respectively [6][8] - The diluted earnings per share (EPS) are forecasted to be 0.98 yuan in 2025, 1.27 yuan in 2026, and 1.51 yuan in 2027 [6][8] Market Position and Strategy - The company has established a significant presence in the remote sensing field, with 12,375 active applications on its Star Map Cloud platform and a cumulative reach of 101.49 million terminal users [4] - The company is enhancing its capabilities in aerospace electronic systems manufacturing and developing commercial aerospace control service centers [4]

商业航天开启星辰征途 民营企业卫星进入批量化生产 北京是我国航天事业的发祥地之一，核心研发单位占全国50%以上，拥有大部分国家航天大型研发配套基础设施和专业型技术人才。 0:00 / 2:14 北京市科委、中关村管委会日前表示，北京商业航天发展已步入快车道，在可重复使用火箭等多个领域取得重要突破。民营火箭企业逐渐成为构建完整 商业航天产业链条中的重要力量。 3月21日19时07分，由星河动力航天公司自主设计研发的谷神星一号（遥十七）运载火箭在酒泉卫星发射中心成功发射。谷神星一号是国内第一款海陆 兼备、适应多种不同任务轨道的火箭，更是一款性价比较高的轻小型固体火箭，它顺利将云遥气象星座43—48星共6颗卫星送入535km太阳同步轨道。 卫星如何更轻巧灵活？搭载了哪些智能模块？记者来到了北京的一家卫星总装基地。 北京聚集了我国多个航天领域的科研院所。这些大院大所，如今打造了设备仪器共享服务平台，助力商业航天发展。 0:00 / 1:49 作为我国重要的运载火箭研制、试验和生产单位，中国运载火箭技术研究院利用国家实验室体系，打造设备仪器共享服务平台，整合了电磁试验、计量 检测等四大类可面向社会开放的专业板块，共20 ...