Core Viewpoint - The article discusses the evolution and current state of China's satellite application industry, highlighting the significant role of government policies in promoting the development of satellite communication, navigation, and remote sensing technologies as part of national strategic initiatives [1][5][11]. Policy Evolution - The rapid advancement of technology and intensifying geopolitical competition have transformed the application scenarios of satellites in communication, navigation, and remote sensing, making it a critical area for national security and economic growth [1]. - The "14th Five-Year Plan" emphasizes the construction of a global coverage, efficient operation communication, navigation, and remote sensing infrastructure, which is crucial for the development of the satellite industry [11]. National Policy Summary - Recent policies focus on enhancing the coordination efficiency of satellite networks, optimizing procedures, and promoting the efficient use of frequency and orbital resources [5]. - The government supports the entire satellite application industry chain, including manufacturing, launching, ground equipment construction, and operational applications, while encouraging innovation in satellite technology [5][11]. Local Government Initiatives - Various provinces and cities have introduced policies to align with national strategies, particularly in the context of the Beidou satellite navigation system and the "14th Five-Year Plan" [17]. - Local policies aim to foster the development of satellite applications in areas such as smart cities, logistics, agriculture, and emergency communication, leveraging satellite technology for digital transformation [18][19]. Industry Development Goals - The overall goal across provinces is to establish a secure and reliable global satellite internet system, enhancing the integration of satellite applications in various sectors [19]. - Specific initiatives include the promotion of satellite navigation, remote sensing, and communication applications, with a focus on building a robust satellite infrastructure and fostering innovation [19].

Group 1 - The company, Shaanxi Fenghuo Electronics Co., Ltd., will participate in the "2025 Shaanxi Listed Companies Investor Collective Reception Day and 2024 Annual Performance Briefing" to enhance communication with investors [1][2] - The event is scheduled for May 20, 2025, from 15:00 to 17:00, and will be conducted via an interactive online platform [1] - The company encourages investors to actively participate and submit questions in advance through a dedicated webpage [2]

股票简称：烽火电子 股票代码：000561 公告编号：2025-036 活动地址："全景路演" 网址：http://rs.p5w.net。 为充分尊重投资者、提升交流的针对性，公司现就"2025 年陕西辖区上市公司投 资者集体接待日暨 2024 年度业绩说明会"提前向投资者公开征集问题，广泛听取投 资者的意见和建议。投资者可访问网址 https://ir.p5w.net/zj，或扫描下方二维码， 进入"业绩说明会问题征集专题"页面提问。公司将通过本次活动对投资者关注的问 题进行回答。 陕西烽火电子股份有限公司 关于参加"2025 年陕西辖区上市公司投资者集体接待日暨 2024 年度业绩说明会"的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、 误导性陈述或重大遗漏。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广大投 资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会在陕西证监局指 导下，联合深圳市全景网络有限公司举办"2025 年陕西辖区上市公司投资者集体接待 日暨 2024 年度业绩说明会"。 届时，公司高级管理人员将通过互动平台与投资者进行网络沟 ...

证券代码：000561 证券简称：烽火电子 公告编码：2025-034 陕西烽火电子股份有限公司 关于回购股份注销完成暨股份变动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1.本次回购注销的股份合计 1,344,300 股，占回购注销前公司总股本的 0.179%，本次回购股份注销完成后，公司总股本由 751,113,504 股减少至 749,769,204 股。 公司于 2024 年 4 月 29 日召开第九届董事会第二十次会议、2024 年 5 月 13 日召开 2023 年度股东大会，审议通过了 关于回购公司股份方案的议案》，同 意公司使用自有资金以集中竞价交易方式回购公司部分股份，回购资金总额不低 于人民币 480 万元 含），不超过人民币 960 万元 含），回购价格不超过人民 币 11.59 元/股 含本数）。回购期限自股东大会审议通过回购股份方案之日起 12 个月内，具体回购股份的金额和数量以回购结束时实际回购的金额和股份数 量为准，所回购的股份将用于注销以减少公司注册资本。公司已在中国证券登记 结算有限责任公司深圳分公司 ...

证券代码：000561 证券简称：烽火电子 公告编号：2025—035 陕西烽火电子股份有限公司 关于公司独立董事辞职的公告 二〇二五年五月十日 本公司董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 陕西烽火电子股份有限公司（以下简称"公司"）董事会于 2025 年 5 月 9 日收到独立董事茹少峰先生提交的书面辞职报告，茹少峰先生因连续担任公司独 立董事即将满六年，根据上市公司独立董事任职年限的有关监管规定，申请辞去 独立董事职务，同时一并辞去董事会专门委员会相应职务，辞职后将不再担任公 司任何职务。 茹少峰先生的辞职将导致公司独立董事人数少于董事会成员的三分之一，根 据《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律法规的要求以及本公司《公司章程》的规 定，在公司召开股东大会选举产生新任独立董事前，茹少峰先生仍将按照相关法 律法规和《公司章程》的规定继续履行独立董事及董事会专门委员会中的相关职 责。公司董事会将按照法定程序尽快完成新任独立董事的补选工作。 截至本公告披露日，茹少峰先生未持有公司股份，不存在应当 ...

证券代码：000561 证券简称：烽火电子 公告编码：2025-033 陕西烽火电子股份有限公司 关于股份回购结果暨股份变动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 陕西烽火电子股份有限公司 以下简称 公司"）于 2024 年 4 月 29 日召开 第九届董事会第二十次会议、2024 年 5 月 13 日召开 2023 年度股东大会，审议 通过了 关于回购公司股份方案的议案》，同意公司使用自有资金以集中竞价交 易方式回购公司部分股份，回购资金总额不低于人民币 480 万元 含），不超过 人民币 960 万元 含），回购价格不超过人民币 11.59 元/股 含本数）。回购 期限自股东大会审议通过回购股份方案之日起 12 个月内，具体回购股份的金额 和数量以回购结束时实际回购的金额和股份数量为准，所回购的股份将用于注销 以减少公司注册资本。公司已在中国证券登记结算有限责任公司深圳分公司开立 股份回购专用证券账户，并披露 陕西烽火电子股份有限公司回购报告书》，具 体内容详见公司分别于 2024 年 4 月 30 日和 2024 年 5 月 14 日在巨 ...

转自：前瞻产业研究院 行业主要上市公司：中国卫星(600118.SH);中国卫通(601698.SH);司南导航(688592.SH);北斗星通(002151.SZ); 三维通信(002115.SZ);烽火电子(000561.SZ)等 本文核心数据：卫星应用全产业链;区域热力图;代表性企业产业链布局 1、卫星应用产业链全景梳理：应用场景多，涵盖范围广 由于卫星应用涉及众多不同的领域，而各个领域在应用方面又有着较大的区别，如卫星通信、卫星导航等， 应用产业链相对较为复杂。因此，下图是简化的卫星应用产业链结构图，仅勾画出应用产业链的大致轮廓。 从下图可以看出，卫星应用产业上游主要涉及卫星的制造、卫星的发射、卫星地面设备的建设;中游的卫星 应用及运营涵盖面较广，按技术领域和服务方式分，包括卫星通信、卫星导航和卫星遥感等;下游应用领域 主要包括交通、国防、通信、海洋、气象等。 卫星应用上游卫星制造业务主要分为卫星平台、卫星荷载、其他元器件、卫星总装四个板块，相关企业有中 国卫星、银河航天、九天卫星、和德宇航等;卫星发射业务涉及火箭研制及相关航天器发射，主要企业有中 国航天科技集团、中国航天科工集团等国有企业;地面设备 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000561 证券简称：烽火电子 公告编号：2025-032 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 公司是否需追溯调整或重述以前年度会计数据 √是 □否 追溯调整或重述原因 □会计政策变更 □会计差错更正 √同一控制下企业合并 □其他原因 ■ 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第一季度报告是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 （二） 非经常性损益项目和金额 √适用 □不适用 ■ 其他符合非经常性损益定义的损益项目的具体情况 □适用 √不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》中列举的非经常性损益项目界 定为经常性损益项目的情 ...

Core Viewpoint - The development of China's BeiDou Navigation System has reached a significant milestone with the successful launch of the last two satellites, marking the completion of the BeiDou-3 global satellite navigation system project. The focus will now shift towards the next generation of the BeiDou system and the establishment of a comprehensive spatiotemporal system by 2035 [1][4]. Group 1: BeiDou Satellite Development - The BeiDou Navigation System, developed by the China National Space Administration and China Aerospace Science and Technology Corporation, provides global navigation, positioning, and timing services [1]. - As of the end of 2024, China has conducted 47 launches, placing a total of 60 satellites into orbit, with 50 currently operational and 10 retired [4]. Group 2: BeiDou Industry Index Growth - The 2024 China BeiDou Industry Development Index Report indicates that the comprehensive index reached 1431 points in the first half of 2024, reflecting a growth of over 470% since 2013, over 19% since 2021, and over 9% since the first half of 2023 [5][8]. Group 3: Application Penetration in Various Fields - The demand for BeiDou applications has significantly increased due to the digital transformation across various sectors, with over 27 million BeiDou terminal devices (excluding consumer electronics) in use as of mid-2024, marking a year-on-year increase of 17.4% [9]. - Over 98% of the 139 million smartphones shipped in the first half of 2024 support BeiDou positioning, indicating its integration into consumer products [9]. Group 4: Regional Development Concentration - The development of the BeiDou industry is concentrated in five key regions: Beijing-Tianjin-Hebei, Guangdong, the Yangtze River Delta, the western region centered around Chengdu and Chongqing, and the Central China region including Zhengzhou, Wuhan, and Changsha, with Beijing-Tianjin-Hebei and Guangdong being the most prominent [10].

Financial Performance - The company's operating revenue for Q1 2025 was ¥243,082,116.80, a decrease of 18.03% compared to ¥296,560,734.22 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥54,542,375.88, an improvement of 5.72% from a loss of ¥58,707,099.97 in the previous year[4] - The net cash flow from operating activities improved by 57.89%, reaching -¥188,424,204.01 compared to -¥447,503,887.02 in the same period last year[12] - Total operating revenue for the current period is CNY 243,082,116.80, a decrease of 18.0% from CNY 296,560,734.22 in the previous period[23] - The company reported a net loss of CNY 62,303,878.21 for the current period, compared to a net loss of CNY 66,361,177.91 in the previous period, indicating a reduction in losses[24] - Basic and diluted earnings per share are both CNY -0.073, an improvement from CNY -0.096 in the previous period[25] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥6,520,037,104.65, a decrease of 3.44% from ¥6,752,422,553.02 at the end of the previous year[5] - The company’s total equity attributable to shareholders decreased by 11.59% to ¥2,322,191,078.32 from ¥2,626,733,454.20 at the end of the previous year[5] - The company’s total liabilities amounted to CNY 4,000,000,000.00, which is a critical factor for assessing its financial health[20] - Total liabilities amount to CNY 4,049,994,282.55, an increase from CNY 3,970,075,852.75 in the previous period[22] Cash Flow - The cash flow from investment activities improved by 78.02%, amounting to -¥20,263,763.01 compared to -¥92,184,159.26 in the previous year[12] - Cash received from operating activities totaled CNY 428,459,431.92, compared to CNY 270,317,811.27 in the previous period, indicating a significant increase[27] - The net increase in cash and cash equivalents was -$251.32 million, with the ending balance at $417.18 million[29] - The beginning cash and cash equivalents balance was $668.50 million, indicating a significant decrease during the period[29] Research and Development - Research and development expenses decreased by 30.63% to ¥65,835,914.43 from ¥94,904,435.31 in the same period last year[11] - Research and development expenses for the current period are CNY 65,835,914.43, a decrease of 30.7% from CNY 94,904,435.31 in the previous period[23] Shareholder Equity and Borrowings - The company’s long-term borrowings increased by 34.29% to ¥197,353,523.63, attributed to increased bank loans by subsidiaries[10] - Long-term borrowings increased to CNY 197,353,523.63 from CNY 146,964,279.87 in the previous period, reflecting a growth of 34.3%[22] - Short-term borrowings decreased to CNY 834,298,266.64 from CNY 869,420,804.82, a reduction of about 4.0%[20] Other Financial Aspects - The company reported a significant increase in other operating income, which rose by 1765.19% to ¥868,485.81 due to increased government subsidies received[11] - The company issued 146,840,727 new shares for asset acquisition, increasing the total share capital to 751,113,504 shares[17] - The company provided a loan of CNY 14.07 million to Shaanxi Changling Electronics Technology Co., Ltd., which has been fully repaid[16] - The company reported a total current liabilities of CNY 2,500,000,000.00, reflecting a significant portion of its total liabilities[20] Financial Reporting and Future Outlook - The first quarter report was not audited, which may affect the reliability of the financial data presented[30] - The company plans to implement new accounting standards starting in 2025, which could impact financial reporting[30] - The company has not disclosed any new product developments or market expansion strategies in the current report[31] - There were no mentions of mergers or acquisitions in the latest financial update[31] - The company continues to monitor cash flow management closely amid significant cash outflows[29]