上海司南导航技术股份有限公司 第一章 总则 第一条 为了规范上海司南导航技术股份有限公司（以下简称"公司"或"本 公司"）的信息披露行为，加强信息披露事务管理，保护投资者合法权益，根据 《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券 法》（以下简称"《证券法》"）《上市公司信息披露管理办法》（以下简称"《信 息披露管理办法》"）等法律、行政法规及《上海司南导航技术股份有限公司章 程》（以下简称"《公司章程》"），特制定本信息披露管理制度（以下简称"本 制度"）。 第二条 信息披露义务人应当及时依法履行信息披露义务，披露的信息应当 真实、准确、完整，简明清晰、通俗易懂，不得有虚假记载、误导性陈述或者重 大遗漏。 信息披露管理制度 信息披露义务人披露的信息应当同时向所有投资者披露，不得提前向任何单 位和个人泄露。但是，法律、行政法规另有规定的除外。 在内幕信息依法披露前，内幕信息的知情人和非法获取内幕信息的人不得公 开或者泄露该信息，不得利用该信息进行内幕交易。任何单位和个人不得非法要 求公司信息披露义务人提供依法需要披露但尚未披露的信息。 公司内幕信息知情人管理的具体规定，详见公司《内幕 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2025, achieving a total of RMB 500 million, representing a growth of 25% compared to the same period last year[1]. - The company achieved operating revenue of CNY 170.53 million in the first half of the year, an increase of 41.82% compared to the same period last year[18]. - The net profit attributable to shareholders was a loss of CNY 2.72 million, a decrease of 218.32% year-on-year[20]. - The basic earnings per share for the reporting period was -CNY 0.04, a decrease of 200.00% compared to the previous year[19]. - The company's net cash flow from operating activities was -CNY 60.66 million, improving by 18.80% from the previous year[18]. - The company's total assets decreased by 1.97% to CNY 1.29 billion compared to the end of the previous year[18]. - The company reported a net profit of CNY 6.13 million after deducting the impact of share-based payments, an increase of 166.48% compared to the previous year[26]. - The net profit excluding non-recurring gains and losses was a loss of CNY 7.65 million, an increase of 11.11% year-on-year[94]. User Growth and Market Expansion - User data showed an increase in active users, reaching 1.2 million, which is a 15% increase year-over-year[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[1]. - The company has set a revenue guidance for the second half of 2025, projecting an increase of 20% to reach RMB 600 million[1]. Research and Development - Research and development expenses increased by 30%, totaling RMB 50 million, to support new technology innovations[1]. - Research and development expenses accounted for 20.49% of operating revenue, a decrease of 11.43 percentage points year-on-year[19]. - R&D investment as a percentage of revenue for the years 2022, 2023, 2024, and the first half of 2025 was 20.48%, 20.66%, 24.79%, and 20.49% respectively, supporting the company's competitive advantage in the industry[60]. - The company has a strong R&D team with extensive experience in high-precision GNSS chip design and RTK positioning algorithms, breaking through technology barriers set by foreign competitors[59]. - The company has developed a high-precision GNSS algorithm over more than a decade, which is reliable and real-time usable in complex environments, including RTK and PPP technologies[67]. Product Development and Innovation - New product launches included the latest satellite navigation system, which is expected to contribute an additional RMB 100 million in revenue by the end of 2025[1]. - The company has developed the K8 and K9 series high-precision positioning modules for drones, enhancing navigation performance while reducing size and power consumption[50]. - The company has successfully integrated high-precision GNSS modules into its intelligent driving and digital construction systems, enhancing automation capabilities[48]. - The latest fourth-generation high-precision chip QC7820 supports multiple positioning modes and is designed for complex high-precision positioning scenarios[59]. Market Trends and Industry Outlook - The global GNSS equipment and services market revenue is expected to reach approximately EUR 580 billion by 2033, with a compound annual growth rate exceeding 8%[28]. - The domestic satellite navigation and positioning service industry is projected to reach a total output value of CNY 575.8 billion in 2024, growing by 7.39% year-on-year[29]. - The annual sales volume of domestic high-precision measurement RTK receivers exceeded 200,000 units, while overseas sales reached over 100,000 units, indicating strong market growth[32]. - The industrial drone market in China is projected to grow at a compound annual growth rate of 39% from 2020 to 2025, presenting new opportunities for the company[50]. Financial Management and Investments - The company maintains a strong cash position of RMB 200 million, providing flexibility for future investments[1]. - The company has accumulated inventory of CNY 180.52 million, which is 13.97% of total assets, reflecting a growth of 34.15% since the beginning of the year[90]. - The company has recognized a provision for inventory impairment of CNY 11.87 million as of June 30, 2025[90]. - The company has allocated CNY 11 million for supplementary working capital, with a cumulative investment of CNY 2.94493 million, representing 26.77% of the total[178]. Corporate Governance and Shareholder Commitments - The company did not propose any profit distribution or capital reserve increase for the half-year period, with no dividends or stock bonuses planned[110]. - The controlling shareholders, Wang Yongquan and Wang Chang, committed to not transferring or managing their shares for 36 months post-listing[116]. - The company will ensure that any share reductions by shareholders will not be below the issue price within two years post-lock-up[119]. - The company commits to ensuring that cash dividends distributed in the first three years after listing will not be less than 10% of the distributable profits for that year, with a cumulative cash distribution of at least 20% of the average annual distributable profits over the last three years[141]. Compliance and Regulatory Matters - The company received a corrective measure order from the Shanghai Securities Regulatory Bureau in June 2025, emphasizing the importance of internal control improvements[169]. - The company committed to strictly adhere to laws and regulations regarding related party transactions, ensuring no illegal occupation of company funds or assets[161]. - The company has no significant litigation or arbitration matters pending during the reporting period[168].

证券代码：688592 证券简称：司南导航 公告编号：2025-050 上海司南导航技术股份有限公司 关于暂时使用闲置募集资金进行现金管理的公告 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。 上海司南导航技术股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日 召开第四届董事会第十三次会议、第四届监事会第九次会议，审议通过了《关于 使用暂时闲置募集资金进行现金管理的议案》，同意公司在确保不影响募集资金 投资项目进度、不影响公司正常生产经营及确保资金安全的情况下，使用额度不 超过人民币 3.20 亿元（含本数）的闲置募集资金进行现金管理。在上述额度范 围内，资金可以滚动使用，使用期限自公司董事会审议通过之日起 12 个月内。 公司使用暂时闲置募集资金进行现金管理将严格遵守上海证券交易所关于上市 公司募集资金管理的相关规定，本次事项无需提交股东大会审议。具体情况如下： 一、募集资金基本情况 经上海证券交易所审核同意，并根据中国证券监督管理委员会出具的《关于 同意上海司南导航技术股份有限公司首次公开发行股票注册的批 ...

证券代码：688592 证券简称：司南导航 公告编号：2025-048 上海司南导航技术股份有限公司 1、以前年度使用募集资金情况 的专项报告 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。 上海司南导航技术股份有限公司（以下简称"公司"）董事会根据《上市公 司募集资金监管规则》等有关规定，编制了 2025 年半年度募集资金存放与实际 使用情况的专项报告，内容如下： 一、募集资金基本情况 （一）募集资金发行与到位情况 经上海证券交易所审核同意，并根据中国证券监督管理委员会出具的《关于 同意上海司南卫星导航技术股份有限公司首次公开发行股票注册的批复》（证监 许可〔2023〕1050 号），公司首次向社会公开发行人民币普通股（A 股）1,554.00 万股，每股发行价格为人民币 50.50 元，募集资金总额为人民币 78,477.00 万元， 扣除不含税发行费用人民币 9,366.63 万元后，实际募集资金净额为人民币 69,110.37 万元，上述募集资金已于 2023 年 8 月 9 日全部到位。 为规范公司募集资金管理和使 ...

上海司南导航技术股份有限公司 2025 年度"提质增效重回报"专项行动方案的 半年度评估报告 为践行以"投资者为本"的上市公司发展理念，维护公司全体股东利益， 基于对公司未来发展前景的信心及价值的认可，上海司南导航技术股份有限公 司（以下简称"公司"）于 2025 年 4 月 29 日发布了《2025 年度"提质增效重 回报"行动方案》，以进一步提升公司经营效率，强化市场竞争力，保障投资者 权益，树立良好的资本市场形象。主要措施包括： 一、致力核心技术，突破创新提升竞争力 公司是完全自主掌握高精度北斗/GNSS 模块核心技术并成功实现规模化市 场应用的国家级专精特新"小巨人"企业。公司在高精度算法、专用芯片和核 心板卡/模块等方面持续投入实现了进口替代，并达到国际先进水平，在国内处 于行业领先地位。公司主要产品为基于北斗及其他卫星导航系统的实时高精度 定位芯片、模块、接收机等数据采集设备终端和高精度北斗/GNSS 应用系统解 决方案，广泛应用和服务于测绘与地理信息、智能交通、形变与安全监测、无 人机、辅助驾驶与自动驾驶、野外机器人、精准农业、物联网等专业领域和大 众应用等领域。公司自主研发的高精度 GNSS ...

上海司南导航技术股份有限公司 独立董事专门会议 2025 年第二次会议决议 根据上海司南导航技术股份有限公司（以下简称"公司"）独立董事专门会 议 2025 年第二次会议于 2025 年 8 月 28 日以通讯表决方式召开，会议应出席独 立董事 3 人，实际出席独立董事 3 人。本次会议的召集和召开程序符合《上市公 司独立董事管理办法》《公司章程》及《独立董事工作制度》等有关规定，会议 决议合法、有效。会议通过如下决议： 一、对《关于使用暂时闲置募集资金进行现金管理的议案》的独立意见 我们认为：公司本次拟使用不超过人民币 3.20 亿元（含本数）的暂时闲置 募集资金进行现金管理，内容及审议程序符合《上市公司募集资金监管规则》等 相关法律法规、规章及其他规范性文件和公司《募集资金管理制度》的规定，且 公司本次使用暂时闲置募集资金进行现金管理不影响募集资金投资项目的正常 实施，不存在变相改变募集资金投向和损害公司股东利益特别是中小股东利益的 情形，符合公司发展利益的需要，有利于提高公司的资金使用效率，获取良好的 资金回报。 综上，我们同意公司使用不超过 3.20 亿元的暂时闲置募集资金进行现金管 理，在上述额度内 ...

上海司南导航技术股份有限公司 关于更改注册资本、取消监事会、修订《公司章程》 并办理工商变更登记、修订及新增公司部分治理制度 的公告 证券代码：688592 证券简称：司南导航 公告编号：2025-049 公司于 2025 年 5 月 19 日召开 2024 年年度股东大会审议通过《2024 年度权 益分派预案》。本次分红实施的股权登记日为 2025 年 7 月 8 日，除权（息）日、 新增无限售条件流通股份上市日及现金红利发放日为 2025 年 7 月 9 日。本次利 润分配以方案实施时的公司总股本扣除公司回购专用账户上已回购股份后的股 份余额为基数，每股派发现金红利 0.12 元（含税），资本公积每 10 股转增 3 股， 不送红股。本次权益分派实施后，公司合计派发现金红利 7,320,245.52 元(含税)， 公司总股本由 62,160,000 股增加至 80,460,614 股。 二、取消监事会的情况说明 为符合对上市公司的规范要求，进一步完善公司治理，根据 2024 年 7 月 1 日起实施的《中华人民共和国公司法》（以下简称"《公司法》"）《关于新公司法 配套制度规则实施相关过渡期安排》《上市公 ...

Group 1 - The core viewpoint of the announcement is that the company reported a revenue of 171 million yuan for the first half of 2025, reflecting a year-on-year growth of 41.82% [1] - The net profit attributable to shareholders of the listed company was a loss of 2.72 million yuan, compared to a profit of 2.30 million yuan in the same period last year [1]

Core Insights - As of August 22, a total of 162 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more [1] - The stocks with the longest consecutive net inflow days are Heimu Dan, Guangzhou Development, and Qilu Bank, each with 12 consecutive trading days of net inflows [1] - Other notable stocks with significant consecutive net inflow days include Xinyi Sheng, Hangjin Technology, Zhongyan Co., Sanyuan Biological, Sinan Navigation, Chengdi Xiangjiang, Rongke Technology, and Guoxin Securities [1]

Core Viewpoint - On August 18, a total of 19 listed companies had their restricted shares unlocked, with a total market value of approximately 32.581 billion yuan [1]. Group 1: Unlocking Details - The specific details of the restricted share unlocks are as follows: - **Sunshine Energy (000591)**: 314 million shares from A-share original shareholder allocation [2] - **Paislin (600215)**: 2.0375 million shares from equity incentive lock-up [2] - **Xin'ao Co. (600803)**: 253 million shares from A-share corporate allocation [2] - **Hualan Biological (301207)**: 459 million shares with extended lock-up period [2] - **Taihe New Materials (002254)**: 436,000 shares from equity incentive lock-up [2] - **Yinxi Technology (300221)**: 569,890 shares from equity incentive lock-up [2] - **Loxin Medical (300562)**: 110,000 shares from equity incentive lock-up [2] - **Bona Film (001330)**: 319 million shares from pre-issue lock-up [2] - **Yuanfei Pet (001222)**: 112 million shares from pre-issue lock-up [2] - **Kaige Precision Machinery (301338)**: 72.1 million shares from pre-issue lock-up [2] - **Dingjide (603255)**: 72.7914 million shares from pre-issue lock-up [2] - **Shangji Technology (301330)**: 18.515 million shares from pre-issue lock-up [2] - **Zhongchumai (688267)**: 83.3928 million shares [2] - **Luwei Optoelectronics (688401)**: 77.6214 million shares [2] - **Haohan Depth (688292)**: 10.8085 million shares [2] - **Huicheng Co. (688403)**: 259 million shares [2] - **Kaiweite (688693)**: 921,100 shares [2] - **Xinyu Ren (688573)**: 122,190 shares [2] - **Sinan Navigation (688592)**: 77,700 shares [2]