Group 1 - The company Sinan Navigation announced that as of the date of the announcement, its Vice President and Secretary of the Board, Mr. Zhai Chuanrun, directly holds approximately 590,000 shares of the company, accounting for 0.73% of the total share capital [1] - Mr. Zhai plans to reduce his holdings by no more than approximately 150,000 shares, which represents 0.18% of the total share capital, within three months after 15 trading days from the date of the announcement due to personal funding needs [1] Group 2 - A report indicates that a "budget version" of the Tesla Model 3 may enter the Chinese market, priced under 200,000 yuan, with a range of 480 kilometers [1] - The U.S. market is experiencing significant adjustments regarding autonomous driving technology [1]

证券代码：688592 证券简称：司南导航 公告编号：2026-001 上海司南导航技术股份有限公司 上述减持主体无一致行动人。 翟传润先生自公司 2023 年 8 月 16 日上市以来未减持股份。 预披露期间，若公司股票发生停牌情形的，实际开始减持的时间根据停牌时间相应顺延 （一）相关股东是否有其他安排 □是 √否 董事、高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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。 重要内容提示： | 股东名称 | 翟传润 | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 √否 | | | 直接持股 5%以上股东 | □是 √否 | | | 董事、监事和高级管理人员 | √是 □否 | | | 其他： | | | 持股数量 | 589,333股 | | | 持股比例 | 0.73% | | | 当前持股股份来源 | IPO 前取得：453,333股 | | | | 其他方式取得：136,000股 | | 一、减持主体的基本情况 1 董事、 ...

Core Viewpoint - The company, Sinan Navigation (688592.SH), announced a share reduction plan by its Vice President and Secretary of the Board, Mr. Zhai Chuanrun, due to personal funding needs [1] Group 1 - Mr. Zhai plans to reduce his holdings by no more than 147,300 shares, which represents 0.18% of the company's total share capital [1] - The share reduction will be executed through a centralized bidding method within three months starting from 15 trading days after the announcement [1] - Any changes in the company's share capital structure, such as stock dividends, capital increases, or new share issuances during the reduction period, will lead to corresponding adjustments in the reduction plan [1]

Core Viewpoint - The announcement reveals that the Vice President and Secretary of the Board, Mr. Zhai Chuanrun, plans to reduce his shareholding in the company due to personal financial needs, indicating potential changes in insider ownership dynamics [1] Group 1: Shareholding Details - Mr. Zhai Chuanrun directly holds 589,333 shares of Shanghai Sinan Navigation Technology Co., Ltd., accounting for 0.73% of the total share capital [1] - He intends to reduce his holdings by up to 147,300 shares, which represents 0.18% of the total share capital [1] Group 2: Reduction Plan - The reduction is planned to occur within three months after 15 trading days from the date of the announcement, through a centralized bidding method [1] - The reduction plan will be adjusted accordingly if there are any changes in share capital, such as stock dividends, capital increases, or new share issuances during the reduction period [1]

Core Viewpoint - The company announced that its Vice President and Secretary of the Board, Zhai Chuanrun, plans to reduce his shareholding by up to 147,300 shares, representing 0.18% of the total share capital, due to personal financial needs [1] Summary by Relevant Sections - **Share Reduction Plan** - The planned share reduction will occur within three months after the announcement, starting 15 trading days from the disclosure date [1] - The reduction will be executed through a centralized bidding method, with the selling price determined by market conditions [1] - The implementation of this reduction plan carries uncertainty [1]

Core Viewpoint - The company announced that its Vice President and Board Secretary, Zhai Chuanrun, plans to reduce his shareholding due to personal financial needs, which may impact investor sentiment and stock performance [1] Group 1: Shareholding Details - Zhai Chuanrun currently holds 589,300 shares, representing 0.73% of the company's total share capital [1] - The planned reduction is up to 147,300 shares, which accounts for 0.18% of the total share capital [1] Group 2: Reduction Timeline - The reduction period is set from February 6, 2026, to May 5, 2026 [1] - The shares to be sold are sourced from those acquired before the IPO and from capital reserve conversion [1]

Group 1 - The core point of the article highlights the recent decline in the stock price of SiNan Navigation, which fell by 5.15% to 51.01 yuan per share, with a total market capitalization of 4.104 billion yuan [1] - SiNan Navigation, established on February 28, 2012, specializes in high-precision satellite navigation chips and RTK technology, providing centimeter and millimeter-level real-time positioning solutions based on the BeiDou and other GNSS systems [1] - The company's revenue composition includes data acquisition equipment (42.84%), high-precision GNSS boards/modules (20.70%), data applications and system solutions (20.32%), agricultural machinery autonomous driving systems (12.13%), and others (4.00%) [1] Group 2 - From the perspective of major fund holdings, Huashang Fund has a significant position in SiNan Navigation, with its fund holding 45,000 shares, representing 1.32% of the fund's net value, ranking as the tenth largest holding [2] - The Huashang Fund's performance shows a year-to-date return of 9.09%, ranking 1349 out of 5525 in its category, and a cumulative return of 47.47% since inception [2] Group 3 - The fund manager of Huashang's fund is Ai Dingfei, who has a tenure of 7 years and 53 days, with a total asset scale of 1.055 billion yuan, achieving a best return of 144.96% and a worst return of -16.84% during his tenure [3] - Co-manager Hai Yang has a tenure of 2 years and 14 days, managing assets of 1.32 billion yuan, with a best return of 65.86% and a worst return of 10.91% during his tenure [3]

Group 1 - The core viewpoint of the news highlights the growth and potential of the commercial aerospace sector in China, driven by policy support and increasing demand for satellite launches [2] - The China Aerospace Science and Technology Corporation successfully launched the Long March 8 rocket, which deployed 18 low-orbit satellites, indicating advancements in China's satellite internet capabilities [1] - The Long March 8 rocket's testing process has been streamlined to 18 days, with future goals set for a 7-day launch and recovery cycle, reflecting the increasing efficiency in China's space launch capabilities [1] Group 2 - The China General Aviation Theme Index (931855) has shown positive performance, with significant increases in constituent stocks such as Lais Information (up 12.05%) and Zhongke Xingtou (up 10.64%) [1] - The index comprises 50 companies involved in various aspects of general aviation, including manufacturing, operations, and infrastructure, reflecting the overall performance of the sector [2] - The top ten weighted stocks in the index account for 43.4% of its total weight, indicating a concentration of investment in key players within the general aviation industry [3]

国联民生证券承销保荐有限公司 关于上海司南导航技术股份有限公司 2025年度持续督导工作现场检查报告 上海证券交易所： 经中国证券监督管理委员会《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）的批准，上海司南导 航技术股份有限公司（以下简称"司南导航"、"公司"）首次公开发行人民币普 通股（A 股）1,554 万股，每股发行价格为 50.50 元，并经上海证券交易所的同 意于 2023 年 8 月 16 日起上市交易。 国联民生证券承销保荐有限公司（以下简称"国联民生"、"保荐机构"）作 为司南导航的保荐机构，根据《证券发行上市保荐业务管理办法》（以下简称"《保 荐办法》"）等有关法律法规和规范性文件的要求对公司开展了现场检查工作，现 将本次现场检查工作报告如下： 一、本次现场检查的基本情况 （一）保荐机构 国联民生证券承销保荐有限公司 （二）保荐代表人 陆能波、董加武 （三）现场检查时间 2026 年 1 月 4 日-2026 年 1 月 5 日 （四）现场检查人员 陆能波、倪智昊 （五）现场检查内容 公司治理和内部控制情况；信息披露情况；公司的独 ...

Group 1 - The company provided a high-precision Beidou measurement system for the "Yuanhang No. 1" rocket launch [1] - The revenue contribution from this product is relatively small [1] - There is uncertainty regarding future business development [1]