Fundraising Overview - The company raised a total of RMB 784.77 million by issuing 15.54 million shares at RMB 50.50 each, with a net amount of RMB 691.10 million after deducting issuance costs of RMB 93.67 million [1][2] - The funds are stored in a special account as per regulations to ensure proper management and protection of investor interests [2] Investment Project Details - The total investment for the new generation high-precision PNT technology upgrade and industrialization project is RMB 556.50 million, with the entire amount planned to be funded by the raised capital [2] Cash Management Plan - The company plans to use up to RMB 320 million of temporarily idle funds for cash management within 12 months, allowing for rolling use within this limit [3] - The cash management will involve low-risk investment products such as structured deposits, time deposits, and large certificates of deposit, ensuring that these funds are not used for pledging or securities investment [3][4] Implementation and Disclosure - The management team is authorized to make investment decisions within the approved limits, with the finance department responsible for execution [4] - The company will comply with disclosure requirements as per relevant regulations to keep stakeholders informed [4] Use of Cash Management Returns - Any returns from cash management will be prioritized for covering any shortfalls in project investments and for the company's operational liquidity needs [4] Impact on Daily Operations - The cash management plan will not affect the normal operation of the company or the execution of fundraising projects, and it is expected to enhance overall performance and shareholder returns [5][6] Approval Process - The board of directors and the supervisory board have approved the cash management plan, with independent directors expressing their agreement [6] Sponsor's Verification Opinion - The sponsor, Minsheng Securities, confirms that the cash management plan complies with all relevant regulations and will not alter the intended use of the raised funds, thereby benefiting the company and its shareholders [6]

上海司南导航技术股份有限公司 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。 一、董事会会议召开情况 上海司南导航技术股份有限公司（以下简称"司南导航"或"公司"）第四 届董事会第十三次会议通知于 2025 年 8 月 18 日送达全体董事，本次会议于 2025 年 8 月 28 日在公司会议室以现场结合通讯方式召开。会议由董事长王永泉先生 召集并主持，会议应出席董事 8 人，实际出席董事 8 人。本次会议的召集、召开 符合《中华人民共和国公司法》等法律、法规和《公司章程》的有关规定，会议 决议合法有效。 证券代码：688592 证券简称：司南导航 公告编号：2025-046 二、董事会会议审议情况 经全体董事表决，形成决议如下： （一）审议通过《关于 2025 年半年度报告及摘要的议案》 表决结果：8 票同意，0 票反对，0 票弃权。 具体内容详见公司于同日刊登在上海证券交易所网站（www.sse.com.cn）的 《2025 年半年度报告》及《2025 年半年度报告摘要》。 （二）审议通过《关于公司 2025 年半年度募 ...

Meeting Overview - The fourth session of the Supervisory Board of Shanghai Sinan Navigation Technology Co., Ltd. was held on August 28, 2025, with all three supervisors present, ensuring the legality and validity of the meeting [1][2]. Financial Report Approval - The Supervisory Board approved the 2025 semi-annual report, confirming that the preparation and review processes comply with relevant laws and regulations, and accurately reflect the company's financial status and operational results [2][3]. Fund Management Reports - The Supervisory Board approved the special report on the storage and actual use of raised funds for the first half of 2025, ensuring compliance with regulatory requirements [3]. - The company plans to use up to 320 million yuan of temporarily idle raised funds for cash management, which aligns with regulatory guidelines and does not affect the normal implementation of investment projects [3][4].

Meeting Information - The shareholders' meeting is scheduled for September 15, 2025, at 15:00 [1] - The meeting will be held at the company's conference room located at 618 Chengliu Middle Road, Jiading District, Shanghai [1] - Voting will be conducted through both on-site and online methods using the Shanghai Stock Exchange's network voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's network voting system from 9:15 to 15:00 on the day of the meeting [1][2] - Specific voting times through the trading system are from 9:15-9:25, 9:30-11:30, and 13:00-15:00 [1] - Shareholders must complete identity verification to vote online for the first time [2] Agenda Items - The meeting will review non-cumulative voting proposals, including changes to registered capital and the cancellation of the supervisory board [2][4] - Affected shareholders must abstain from voting on related proposals, although no specific names are mentioned [2] Attendance Requirements - Shareholders must register by September 12, 2025, and provide necessary documentation to attend the meeting [4][5] - Proxy representatives must present valid identification and a written authorization letter from the shareholder [4][5] Contact Information - For inquiries, shareholders can contact Pan Yutao at 021-64302208 or via email at IR@sinognss.com [5]

Group 1 - A total of 180 stocks in the Shanghai and Shenzhen markets have received net financing inflows for five consecutive days or more as of August 28 [1] - Qilu Bank has the longest streak, with net inflows for 16 consecutive trading days [1] - Other notable stocks with significant net financing inflows include China Steel International, Kosen Technology, Chengdi Xiangjiang, Meishuo Technology, Sinan Navigation, Zhejiang Construction Investment, Huagong Technology, and Wuhan Fangu [1]

Core Insights - Company reported a total operating revenue of 171 million yuan, an increase of 50.28 million yuan compared to the same period last year, achieving a year-on-year growth of 41.82% [1] - The net profit attributable to shareholders was -2.72 million yuan, indicating a loss [1] - The net cash inflow from operating activities was -60.66 million yuan, an increase of 14.05 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 26.71%, ranking 32nd among disclosed peers [3] - The latest gross profit margin is 50.91%, ranking 10th among disclosed peers [4] - The latest return on equity (ROE) is -0.29% [4] Earnings and Efficiency Metrics - The diluted earnings per share is -0.04 yuan [5] - The latest total asset turnover ratio is 0.13 times, an increase of 0.03 times compared to the same period last year, representing a year-on-year growth of 32.19% [5] - The latest inventory turnover ratio is 0.53 times, an increase of 0.16 times compared to the same period last year, achieving a year-on-year growth of 42.63% [5]

Group 1 - The independent directors of Shanghai Sinan Navigation Technology Co., Ltd. held their second meeting of 2025 on August 28, 2025, via communication voting, with all three directors present [1][2] - The main agenda was to discuss the proposal for using temporarily idle raised funds for cash management, with a maximum amount of RMB 320 million, which complies with relevant regulations and does not affect the normal implementation of investment projects [1] - The independent directors unanimously agreed to the proposal, with a voting result of 3 in favor, 0 against, and 0 abstentions, and decided to submit it for board review [1]

Group 1 - The company reported a total operating revenue of 171 million yuan for the first half of 2025, representing a year-on-year increase of 41.82% [1] - The net profit attributable to shareholders of the parent company was -2.72 million yuan, compared to a net profit of 2.30 million yuan in the same period last year [1] - The basic earnings per share were -0.04 yuan [1]

Group 1 - The company Sinar Navigation (SH 688592) held its 13th board meeting on August 28, 2025, to review the agenda including the 2025 semi-annual report and summary [1] - For the year 2024, the revenue composition of Sinar Navigation is as follows: Geographic Information Applications and Others account for 49.82%, Module and Data Applications for 35.16%, Intelligent Driving and Digital Construction for 14.66%, and Other Businesses for 0.36% [1] - As of the report, Sinar Navigation has a market capitalization of 3.9 billion yuan [1]

1 民生证券股份有限公司 关于上海司南导航技术股份有限公司 2025 年半年度持续督导跟踪报告 民生证券股份有限公司（以下简称"民生证券"、"保荐机构"）作为司南 导航首次公开发行股票并在科创板上市的保荐机构，根据《证券发行上市保荐业 务管理办法》《上海证券交易所科创板股票上市规则》《上市公司募集资金监管 规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等 相关规定，对司南导航进行持续督导，持续督导期为 2023 年 8 月 16 日至 2026 年 12 月 31 日。民生证券通过日常沟通、定期回访、现场检查、尽职调查等方式 进行持续督导，现就 2025 年半年度持续督导工作报告如下： | 序 | 工作内容 | 实施情况 | | --- | --- | --- | | 号 | | | | 1 | 建立健全并有效执行持续督导工作制度，并针 对具体的持续督导工作制定相应的工作计划。 | 保荐机构已建立健全并有效执行了持 续督导制度，并制定了相应的工作计 | | | | 划。 | | | 根据中国证监会相关规定，在持续督导工作开 始前，与上市公司或相关当事人签署持续督导 | 保荐机构已与司 ...