Core Viewpoint - The company, Kosi Technology, anticipates a net loss for the year 2025, with estimates ranging from -335 million to -270 million yuan for net profit attributable to shareholders, and from -340 million to -275 million yuan for net profit after deducting non-recurring gains and losses [1] Group 1: Financial Performance - The expected loss in 2025 is primarily attributed to cost pressures despite a steady increase in revenue from major product orders [1] - The comprehensive gross profit margin is expected to decline slightly due to normal fluctuations in product structure and rising costs, compounded by the early-stage development of new markets and products [1] Group 2: Strategic Initiatives - The company is committed to a core strategy of "self-controllable technology base + full-scenario empowerment," maintaining high levels of R&D investment to build a comprehensive technology matrix covering core components (chips), foundational technologies (AI, smart wireless communication), system equipment (smart unmanned equipment), and industry applications [1] - The company is actively integrating into the military-civilian development framework, expanding its military and civilian product businesses, and increasing investment in technology innovation and civilian product channel development [1] Group 3: Asset Impairment - The company has faced longer sales collection cycles due to macroeconomic conditions and industry payment timelines, leading to significant provisions for bad debts on accounts receivable and notes receivable [1] - Adequate asset impairment provisions have been made for inventory, goodwill, and other assets based on thorough analysis and evaluation, impacting the current period's profit [1] Group 4: Future Outlook - The company aims to seize industry opportunities and actively explore markets to achieve sustainable development in 2026 [1]

证券日报网讯 1月23日，科思科技在互动平台回答投资者提问时表示，星组网通信的核心是通过多颗卫 星按预设轨道部署，形成覆盖特定区域的通信链路，结合星间链路、地面测控系统协同工作。公司将持 续关注卫星互联网需求，积极研发核心器件，并按法规及时披露进展。 （文章来源：证券日报） ...

Core Viewpoint - The A-share market is experiencing a surge in autonomous driving concept stocks, driven by positive developments in regulatory approvals for Tesla's Full Self-Driving (FSD) technology [1][2]. Group 1: Stock Performance - Ruichuang Micro-Nano (688002) reached a 20% limit up, with a total market capitalization of 56.8 billion and a year-to-date increase of 22.33% [2]. - Jingwei Hengrun (688326) rose by 16.7%, with a market cap of 17.3 billion and a year-to-date increase of 22.61% [2]. - Hanxin Technology (920092) increased by 10.72%, with a market cap of 2.854 billion and a year-to-date increase of 22.81% [2]. - Siwei Tuxin (002405) saw a rise of 9.98%, with a market cap of 26.6 billion and a year-to-date increase of 24.75% [2]. - Other notable performers include Huayi Technology (688071) up by 9.75%, Jiu Zhi Yang (300516) up by 9.32%, and Jingjin Electric (688280) up by 8.61% [2]. Group 2: Market Trends - The overall trend in the A-share market indicates a strong interest in autonomous driving technologies, as evidenced by the significant price increases in related stocks [1]. - Tesla CEO Elon Musk's announcement at the Davos World Economic Forum regarding the potential approval of FSD in Europe and China has likely contributed to the bullish sentiment in the market [1].

Group 1 - The core point of the news is that Kosi Technology's stock price dropped by 5% to 63.82 CNY per share, with a trading volume of 139 million CNY and a turnover rate of 1.37%, resulting in a total market capitalization of 10.012 billion CNY [1] - Kosi Technology, established on February 27, 2004, and listed on October 22, 2020, is based in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of military electronic information equipment and related modules [1] - The company's main business revenue composition includes: command and control information processing equipment and systems (62.33%), software radar information processing equipment and systems (14.81%), intelligent unmanned devices and systems (8.13%), specialized vehicle modification business (7.10%), other information processing products (6.92%), and others (0.71%) [1] Group 2 - From the perspective of fund holdings, one fund under Everbright Pramerica holds Kosi Technology as a significant investment, with the Everbright Pramerica Chengxin Mixed A Fund (003115) holding 3,200 shares, accounting for 1.05% of the fund's net value, ranking as the fifth-largest holding [2] - The Everbright Pramerica Chengxin Mixed A Fund was established on December 15, 2016, with a latest scale of 3.6051 million CNY, and has achieved a year-to-date return of 10.58%, ranking 1067 out of 8848 in its category [2] - The fund has a one-year return of 64.78%, ranking 1046 out of 8093, and a cumulative return since inception of 131.28% [2]

Group 1 - Kosi Technology's stock increased by 5.41% to 72.44 CNY per share, with a trading volume of 188 million CNY and a turnover rate of 1.71%, resulting in a total market capitalization of 11.364 billion CNY [1] - Kosi Technology, established on February 27, 2004, and listed on October 22, 2020, specializes in the research, production, and sales of military electronic information equipment and related modules [1] - The company's main business revenue breakdown includes: command and control information processing equipment and systems (62.33%), software radar information processing equipment and systems (14.81%), intelligent unmanned devices and systems (8.13%), specialized vehicle modification business (7.10%), other information processing products (6.92%), and others (0.71%) [1] Group 2 - According to data, the Everbright Pramerica Fund holds Kosi Technology as its fifth-largest position, with 3,200 shares representing 1.05% of the fund's net value, resulting in an estimated floating profit of approximately 11,900 CNY [2] - The Everbright Pramerica Chengxin Mixed A Fund (003115) was established on December 15, 2016, with a latest scale of 3.6051 million CNY, achieving a year-to-date return of 6.66% and a one-year return of 67.82% [2] - The fund manager, Zhu Jiantao, has been in position for 1 year and 254 days, managing assets totaling 1.851 billion CNY, with the best fund return during his tenure being 64.13% and the worst being 8.92% [3]

证券代码：688788 证券简称：科思科技 公告编号：2025-095 一、基本情况 深圳市科思科技股份有限公司（以下简称"公司"）于 2025 年 11 月 14 日 召开第四届董事会第五次会议，审议通过了《关于债权内部转让并以债转股方式 对控股孙公司增资的议案》。同意公司将所持有的江苏智屯达车载系统有限公司 （以下简称"江苏智屯达"）2,522.00 万元债权转让给陕西智云防务科技有限责 任公司（以下简称"智云防务"），同时智云防务将因本次转让形成的对江苏智 屯达的2,522.00万元债权及自身对江苏智屯达享有的1,400.00万元债权转作对江 苏智屯达的长期股权投资，向江苏智屯达增资人民币 3,922.00 万元，按照同等金 额增加其注册资本。本次增资完成后，江苏智屯达注册资本由 2,146.61 万元增至 6,068.61 万元。智云防务对江苏智屯达的持股比例由 97.00%提升至 98.94%。 具体内容详见公司 2025 年 11 月 15 日在上海证券交易所网站（www.sse.co m.cn）披露的《关于债权内部转让并以债转股方式对控股孙公司增资的公告》（公 告编号：2025-089）。 二、 ...

Group 1 - The military electronics sector increased by 2.94% on December 25, with Shenglu Communication leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] - Notable gainers in the military electronics sector included Shenglu Communication, which rose by 10.03% to a closing price of 10.75, and Tian'ao Electronics, which increased by 10.01% to 22.09 [1] Group 2 - The military electronics sector experienced a net outflow of 1.116 billion yuan from institutional investors, while retail investors saw a net inflow of 1.183 billion yuan [2] - The trading volume for Shenglu Communication was 1.169 million shares, with a transaction value of 1.221 billion yuan [1] - The top three stocks by net inflow from retail investors included Shenglu Communication, Tian'ao Electronics, and Shanghai Hanchuan, with retail inflows of 1.17 billion, 415.55 million, and 1.99 billion yuan respectively [3]

Group 1 - The core viewpoint emphasizes that listed companies in China are not only the main force behind data growth but also serve as a stabilizing factor in the industry ecosystem, focusing on long-term value and comprehensive governance [2] - In 2025, the capital market aims for steady progress and quality improvement amidst multiple risks, enhancing market resilience and risk resistance, leading to reasonable quantitative growth and effective qualitative enhancement [2] - The market's expectations for listed companies have shifted from short-term performance to long-termism and comprehensive value, including governance structure, stable returns, strategic layout in frontier fields, and deep ESG practices [2] Group 2 - The 2025 T-EDGE Global Dialogue, organized by Titanium Media Group, NextFin.AI, and Barron’s China, highlights the importance of recognizing companies that redefine industry boundaries and emphasizes the core logic of "value investment" [3] - The EDGE AWARDS annual list includes categories such as Most Socially Responsible Company, Best Board Secretary, Most Investment Value Company, and Best Investor Relations Management Company, recognizing outstanding performance in governance, investment value, social responsibility, and investor relations [3][4] Group 3 - Aier Eye Hospital is recognized as a leader in ESG practices, integrating ESG into its core business and governance structure, while actively engaging in public welfare projects to enhance national eye health [5] - Betaini Group focuses on creating a skin health ecosystem and incorporates green development into its strategy, promoting biodiversity and sustainable practices [6] - Kweichow Moutai leads the liquor industry with a brand value of 468.718 billion, actively engaging in ecological protection and social responsibility initiatives [7] - JD Group has created significant employment opportunities and is committed to improving living conditions for its delivery personnel, with plans to invest 22 billion in housing projects [8] - Quantitative Group, listed on the Hong Kong Stock Exchange, leverages AI technology to reshape online consumption and has achieved a compound annual growth rate of 44.59% in revenue from 2022 to 2024 [9] - Seres focuses on new energy vehicles and has established a robust ESG governance framework, with significant growth in revenue and sales projected for 2024 [10] - Shui Jing Fang integrates social responsibility into its corporate strategy, setting clear environmental goals and contributing to community development [11] - China Baoan actively engages in social responsibility through its subsidiaries, contributing to community welfare and healthcare improvements [13] Group 4 - The Best Board Secretary category highlights the importance of effective communication between listed companies and the public, emphasizing the role of board secretaries in enhancing corporate governance [14] - Ren Shunying from Anfu Technology is recognized for her expertise in capital operations and corporate governance, significantly contributing to the company's compliance and investor relations [15] - Xia Ping from Jiahe Intelligent is noted for her effective investor relations management and participation in strategic planning [16] - Li Liangyu from Robotech is acknowledged for his role in maintaining corporate governance and enhancing market recognition [17] - Zhang Wenyu from Tianqi Lithium is recognized for his contributions to market value management and investor relations [18] Group 5 - The Most Investment Value Company category identifies companies with clear business models and significant breakthroughs in technology or policy, indicating strong growth potential [19][20] - Orbbec, a leader in 3D vision technology, has achieved over 70% market share in key sectors and continues to lead industry advancements [20] - BYD maintains its position as a global leader in new energy, with significant growth in overseas markets and a strong investment outlook [21] - Cambrian has entered a critical profitability phase, with substantial revenue growth and a strong market position in AI chips [22] - Hanlan Environment focuses on environmental services and has achieved consistent profit growth, attracting long-term investors [23] - Geely Auto has demonstrated strong financial performance and strategic integration, positioning itself for sustained growth [24] - Kanghong Pharmaceutical emphasizes innovation in drug development and has shown robust revenue growth, indicating long-term investment value [25] - Lens Technology maintains a strong market position with solid cash flow and growth potential in the automotive and consumer electronics sectors [26]

Group 1 - The main point of the article highlights a net outflow of 32.578 billion yuan in the Shanghai and Shenzhen markets, with the Sci-Tech Innovation Board experiencing a net outflow of 3.421 billion yuan [1] - A total of 225 stocks saw net inflows, while 372 stocks experienced net outflows, indicating a challenging market environment [1] - On the Sci-Tech Innovation Board, 277 stocks rose, with one stock, Jiahe Meikang, hitting the daily limit, while 309 stocks fell, including Zhehai Deman, which hit the lower limit [1] Group 2 - The stocks with the highest net inflows included Plutotech with 254.88 million yuan, followed by Dongxin Co. and Dekeli with net inflows of 197.92 million yuan and 177.93 million yuan respectively [2] - The stocks with the most significant net outflows were Zhenlei Technology, which saw a net outflow of 368 million yuan despite a price increase of 4.42%, followed by Hanwujing-U and C Muxi-U with outflows of 365 million yuan and 306 million yuan respectively [1][2] - A total of 35 stocks have seen continuous net inflows for more than three trading days, with Kesi Technology and Nanmo Biology leading with nine consecutive days of inflows [2]

深圳市科思科技股份有限公司 关于持股 5%以上股东、核心技术人员 减持股份结果公告 证券代码：688788 证券简称：科思科技 公告编号：2025-094 本公司董事会及除刘建德先生外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： 股东持有的基本情况 本次减持计划实施前，梁宏建先生持有深圳市科思科技股份有限公司（以下 简称"公司"）股份 33,340,523 股，占公司总股本的 21.23%。上述股份来源于 公司首次公开发行前取得及资本公积金转增股本的股份，其中首次公开发行前取 得的股份已于 2021 年 10 月 22 日解除限售并上市流通。 减持计划的实施结果情况 公司于 2025 年 9 月 2 日披露了《关于持股 5%以上股东、核心技术人员减持 股份计划公告》（公告编号：2025-077），由于个人资金需求，梁宏建先生计划 以集中竞价或大宗交易的方式减持其所持有的公司股份不超过 4,712,232 股，即 不超过公司总股本的 3.00%，减持期间为自减持计划公告披露之日起十五个交易 日后的三个月 ...