Group 1 - Baiwei Storage's second largest shareholder, the National Integrated Circuit Fund Phase II, plans to reduce its stake by no more than 2% of the company's shares, equating to approximately 934.26 million shares [1][6] - Rongbai Technology expects a net loss of 150 million to 190 million yuan for 2025, but anticipates turning a profit in the fourth quarter with an estimated net profit of around 30 million yuan [8] - Yongxi Electronics plans to invest no more than 2.1 billion yuan in building an integrated circuit packaging and testing production base in Malaysia, which will account for approximately 13.68% of the company's total assets [9][10] Group 2 - Zhenyou Technology reported that revenue from the satellite internet sector accounted for about 7.15% of its total revenue in the first three quarters of 2025, indicating a low impact on overall performance [4] - Aerospace Hongtu stated that its main business is still in the satellite application stage, with no significant changes in market conditions or internal operations [5] - Ligong Navigation noted that its business planning in the commercial aerospace application field is still in the early stages, with revenue of approximately 154,400 yuan for the first nine months of 2025 [7] Group 3 - Zhongke Xingtou highlighted that its stock price increase is not supported by actual performance in the commercial aerospace sector, with related revenue accounting for 13.89% of total revenue [7] - Xinkai Mobile reported that its revenue from the satellite internet sector is approximately 2% to 3% of total revenue, which does not significantly impact overall performance [12] - Huayin Technology is focusing on special functional materials and exploring business opportunities in the aerospace sector, but the contribution of these products to revenue remains uncertain [16]

Group 1 - The core business of the company remains focused on airborne embedded computers and missile-mounted embedded computers [1] - The commercial aerospace-related products are still in the early stages of industrialization, with embedded computer revenue from commercial aerospace reaching 20.23 million yuan, accounting for only 3.97% of total revenue for the first three quarters of 2025 [1] - As of the end of 2025, the company has approximately 20 million yuan in hand orders (including verbal orders) for commercial aerospace embedded computers, representing a small proportion of 4.8% [1] Group 2 - The contribution of commercial aerospace embedded computers to the company's revenue is unpredictable, urging investors to discern information carefully and make rational decisions [1]

Group 1 - The A-share commercial aerospace sector experienced a significant surge on January 12, with over 40 stocks hitting the daily limit, including Xingtu Measurement and Control, Tianyin Electromechanical, and Guangha Communication, with a cumulative increase of 33.38% in the Wenhua Commercial Aerospace Theme Index since 2026 [1] - Multiple commercial aerospace ETFs also reached their daily limit, with one ETF under Yongying Fund surpassing 10 billion RMB in scale [3] - The satellite industry chain has shown strong performance since the end of 2025, with one investor reporting a cumulative return of approximately 31.60% from two ETFs focused on satellite communication and industry indices [5] Group 2 - Several listed companies issued urgent announcements on January 12 regarding their involvement in the commercial aerospace sector, with companies like Ligong Navigation and Zhongke Xingtou clarifying that their business in this area is still in the early stages or not directly related to commercial aerospace [7][8] - Companies such as Zhonghe Design and Guokai Military Industry reported minimal revenue contributions from commercial aerospace projects, with Zhonghe Design's related income accounting for only 0.39% of total revenue [9][11] - Other companies like Aihua Technology and North Navigation emphasized that they do not engage in commercial aerospace activities, warning of potential risks associated with their stock price surges [10][14]

成都智明达电子股份有限公司 股票交易异常波动公告 本公司董事会及全体董事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。 证券代码：688636 证券简称：智明达 公告编号：2026-002 重要内容提示： 成都智明达电子股份有限公司（以下简称"公司"）股票交易连续 3 个交 易日内（2026 年 1 月 8 日、2026 年 1 月 9 日、2026 年 1 月 12 日）收盘价格涨 幅偏离值累计达到 30%，根据《上海证券交易所交易规则》《上海证券交易所科 创板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动情形。 经公司自查并向控股股东、实际控制人及其一致行动人书面询证，截至 本公告披露之日，不存在关于公司的应披露而未披露的重大事项。 公司目前主营业务仍为机载嵌入式计算机、弹载嵌入式计算机，从产业 周期来看，当前商业航天相关产品仍处于产业化初期阶段，截至 2025 年前三季 度，商业航天嵌入式计算机收入 2,023 万元，占 2025 年前三季度总收入比例较 小，为 3.97%，截至 2025 年底，商业航天嵌入式计算机在手订单（ ...

智明达公告称，公司股票在2026年1月8日、1月9日、1月12日连续3个交易日收盘价涨幅偏离值累计超 30%，属异常波动。经自查，公司生产经营正常，控股股东等不存在应披露未披露重大事项，未发现影 响股价的媒体报道等。公司主营机载、弹载嵌入式计算机，截至2025年前三季度，商业航天嵌入式计算 机收入2023万元，占比3.97%；截至年底在手订单约2000万元，占比4.8%，对营收贡献不可预见。 ...

Core Viewpoint - The company has experienced a significant stock price fluctuation, with a cumulative increase of 30% over three consecutive trading days, indicating abnormal trading activity [1] Group 1: Company Overview - The company's main business focuses on airborne embedded computers and missile-mounted embedded computers [1] - The current stage of the commercial aerospace-related products is still in the early phase of industrialization [1] Group 2: Financial Performance - As of the first three quarters of 2025, the revenue from commercial aerospace embedded computers is 20.23 million yuan, accounting for a small proportion of total revenue at 3.97% [1] - By the end of 2025, the company has approximately 20 million yuan in hand orders for commercial aerospace embedded computers, representing a minor share of 4.8% [1] - The contribution of commercial aerospace embedded computers to the company's revenue remains unpredictable [1]

从资金流向上来看，当日军工电子板块主力资金净流入10.18亿元，游资资金净流出8.67亿元，散户资金 净流出1.51亿元。军工电子板块个股资金流向见下表： 证券之星消息，1月12日军工电子板块较上一交易日上涨7.62%，华力创通领涨。当日上证指数报收于 4165.29，上涨1.09%。深证成指报收于14366.91，上涨1.75%。军工电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300045 | 华力创通 | 37.42 | 20.01% | 161.91万 | | 56.59 Z | | 688375 | 国博电子 | 66'551 | 20.00% | 15.23万 | | 22.70亿 | | 688776 | 国光电气 | 138.35 | 18.25% | 0 9.61万 | | 12.60亿 | | 688636 | 智明达 | 60.00 | 16.48% | 1 24.70万 | | 14.24亿 | | 300629 | 新劲网 | ...

Core Viewpoint - The company anticipates rapid growth in its commercial aerospace business by 2026, having already established a presence in the sector since 2022 [1] Group 1: Business Development - The company has successfully engaged in various aspects of commercial aerospace, including comprehensive control of commercial rocket engines, commercial satellite data links, and high-performance computing for commercial satellite ground stations [1] - The company plans to continue increasing its investment and layout in the commercial aerospace sector, aligning with national development strategies [1] Group 2: Revenue Growth - The company aims to enhance the proportion of revenue generated from commercial aerospace products within its overall income [1]

Core Viewpoint - The company anticipates significant growth in its commercial aerospace business by 2026, driven by its strategic investments and developments in the sector [2]. Group 1: Business Development - The company has already established a presence in the commercial aerospace sector as of 2022, engaging in various related activities such as commercial rocket engine control, commercial satellite data links, and high-performance computing for ground stations [2]. - The company plans to continue increasing its investments and strategic positioning in the commercial aerospace field, aiming to enhance the revenue contribution of this sector to its overall income [2].

Market Overview - A-shares exhibited mixed performance on the 8th, with the Shanghai Composite Index experiencing narrow fluctuations, while the ChiNext Index declined, and the Sci-Tech 50 Index surged [1] - The Shanghai Composite Index closed down 0.07% at 4082.98 points, the Shenzhen Component Index fell 0.51%, the ChiNext Index dropped 0.82%, and the Sci-Tech 50 Index rose 0.82% [1] - Total trading volume in the Shanghai and Shenzhen markets was approximately 2.83 trillion yuan, a decrease of about 55 billion yuan from the previous day [1] Commercial Aerospace Sector - The commercial aerospace concept saw a significant surge, with over 20 stocks hitting the daily limit, including Qian Zhao Guang Dian and Pu Ni Ce Shi, which both reached the limit [3] - Notable performers included Jin Feng Ke Ji, which achieved a three-day limit increase, and Zhen Lei Ke Ji, which rose over 15% to reach a historical high [3] Controlled Nuclear Fusion Sector - The controlled nuclear fusion concept showed strong performance, with Ha Han Hua Tong rising over 12% and several other stocks, including China Nuclear Engineering and Aerospace Morning Light, hitting the daily limit [6] - Recent breakthroughs in controlled nuclear fusion technology were reported, with the EAST device confirming the existence of a density-free zone, providing important physical evidence for high-density operation [6][8] Industrial Software Sector - The industrial software concept gained traction, with Han De Information rising over 13% and Baoxin Software hitting the daily limit [9] - The Ministry of Industry and Information Technology, along with other departments, issued a directive to strengthen the development of industrial software, indicating a supportive policy environment for the sector [11]