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]

Group 1 - The latest LPR values for 1-year and 5-year loans will be announced on August 20, with the current rates at 3.0% and 3.5% respectively, unchanged from June [2] - A total of 711.8 billion yuan in reverse repos will mature next week, with specific maturities scheduled from Monday to Friday [3] - The Hang Seng Index Company will announce the results of the second quarter index review on August 22, with changes effective from September 8, 2025 [4] Group 2 - The Jackson Hole Global Central Bank Conference will take place from August 21 to 23, featuring a speech by Federal Reserve Chairman Jerome Powell on August 22 [5] - The Federal Reserve will release the minutes of its monetary policy meeting on August 21, amid a pause in interest rate cuts since early this year, with current rates between 4.25% and 4.5% [6] - Nearly 100 billion yuan in market value of restricted stocks will be unlocked next week, with 35 stocks facing unlocks, including 29.54 billion yuan from United Imaging Healthcare [7][8] Group 3 - One new stock, Balanshi, is set to be issued next week on August 19, with approximately 19 million shares expected to raise nearly 300 million yuan [11]

Market Performance - On August 15, the communication equipment sector rose by 0.58% compared to the previous trading day, with Hengbao Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Individual Stock Performance - Hengbao Co., Ltd. (002104) closed at 29.01, with a gain of 7.36% and a trading volume of 3.0958 million shares [1] - Other notable gainers included: - Zhongguang Fangrui (300414) at 14.30, up 5.46% [1] - Hata Dong Technology (688182) at 28.01, up 5.30% [1] - Sinan Navigation (688592) at 44.50, up 4.95% [1] - Nanjing Panda Electronics (600775) at 14.06, up 4.85% [1] Fund Flow Analysis - The communication equipment sector experienced a net outflow of 3.849 billion yuan from institutional investors, while retail investors saw a net inflow of 3.444 billion yuan [2][3] - Notable individual stock fund flows included: - Zhongtian Technology (600522) with a net inflow of 259 million yuan from institutional investors [3] - Datang Telecom (600198) with a net inflow of 32.33 million yuan from institutional investors [3] - Youfang Technology (688159) with a net inflow of 29.24 million yuan from retail investors [3]

Core Viewpoint - The company Sinuo Navigation, which debuted on the STAR Market as the "first stock for high-precision positioning domestic substitution," has faced a dramatic decline in net profit by 179% in 2024, alongside regulatory issues regarding financial disclosures [1][6]. Company Performance - Sinuo Navigation, focused on high-precision navigation, experienced a significant drop in performance just one year after its listing in August 2023, with net losses reaching 33.05 million yuan in 2024 [2][6]. - The company reported a substantial decrease in gross margins across various product lines, with overall gross margin falling to 48.18%, marking the second consecutive year of decline since 2022 [4]. Financial Metrics - The gross margins for high-precision GNSS boards/modules, data collection devices, and system solutions decreased by 15.62, 0.63, and 6.08 percentage points respectively [4]. - Sales and management expense ratios have increased significantly, with sales expense ratio rising from 17.17% in 2020 to 25.35% in 2024, and management expense ratio increasing from 6.32% to 8.08% in the same period [4]. Market Position and Competition - Sinuo Navigation holds a market share of only 23.67% in the domestic high-precision GNSS board/module market, significantly lower than its competitor, Hexin Xingtong, which has a market share of approximately 62.02% [10]. - The company faces intense competition in the high-precision GNSS receiver market, where it holds a mere 6.17% market share, and in the agricultural autonomous driving system market, with only 3.13% market share [10]. Regulatory Issues - The company has been ordered by the Shanghai Securities Regulatory Bureau to correct significant discrepancies in its financial disclosures, including major changes in asset and liability items and inaccuracies in the use of raised funds [12]. - The resignation of the financial officer after only six months has raised concerns about the company's governance and transparency, further impacting investor confidence [13].