2025年度董事会报告 2025年，公司董事会依照《公司法》《证券法》《深圳证券交易所股票上市规则》 《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》《公司章程》 《董事会议事规则》等有关法律法规、规范性文件以及公司制度的规定，切实履行股 东会赋予的董事会职责，勤勉尽责地开展各项工作，推动公司持续健康稳定发展。 北京北斗星通导航技术股份有限公司 | 序号 | 召开日期 | 会议届次 | 议案名称 | | --- | --- | --- | --- | | | | | 13、《关于制定市值管理制度的议案》； | | | | | 14、《关于召开 2024 年度股东大会的议案》。 | | 3 | 2025.04.24 | 第七届董事会 | 《2024 年第一季度报告全文》。 | | | | 第十六次会议 | | | 4 | 2025.04.25 | 第七届董事会 | 《关于收购深圳市天丽汽车电子科技有限公司 51%股 | | | | 第十七次会议 | 权的议案》。 | | 5 | 2025.05.09 | 第七届董事会 | 《关于使用自有资金支付募投项目所需资金并以募集 | | | | 第十八次 ...

证券代码：002151 证券简称：北斗星通 公告编号：2026-019 北京北斗星通导航技术股份有限公司 关于召开 2025 年年度股东会的通知 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。 一、召开会议的基本情况 1、股东会届次：2025 年年度股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市规则》《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、行政法规、部门规章、 规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026 年 04 月 22 日 13:30:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 04 月 22 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2026 年 04 月 22 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2026 年 ...

证券代码：002151 证券简称：北斗星通 公告编号：2026－012 北京北斗星通导航技术股份有限公司 第七届董事会第二十六次会议决议公告 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、误导性陈述或重大遗漏。 北京北斗星通导航技术股份有限公司（以下简称"公司"）第七届董事会第 二十六次会议于 2026 年 3 月 24 日以现场+通讯方式召开。会议通知及会议资料已 于 2026 年 3 月 13 日以专人送递和邮件形式发出。本次会议应参与表决董事 7 名， 实参与表决董事 7 名，本次会议由董事长周儒欣先生主持。会议的召集和召开符 合《公司法》、《公司章程》及《董事会议事规则》的规定，合法有效。会议经 讨论形成如下决议： 一、审议通过了《2025 年度总经理工作报告》； 表决结果：7 票赞成、0 票反对、0 票弃权。 2025 年，公司聚焦智能位置数字底座和陶瓷元器件主业，顺应全球智能化发 展浪潮，构建"云芯一体"模式，抢抓智能割草机、智能驾驶、消费类电子等领 域需求快速扩张机会，公司芯片模组与天线两大核心产品线收入实现显著增长， 带动利润增加。通过战略并购深圳天丽实现天线业务上 ...

临时公告 证券代码：002151 证券简称：北斗星通 公告编号：2026-014 北京北斗星通导航技术股份有限公司 关于 2025 年度拟不进行利润分配的公告 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 重大遗漏。 特别提示： 一、审议程序 公司于 2026 年 3 月 24 日召开第七届董事会第二十六次会议，审议通过了《关于 2025 年度拟不进行利润分配的预案》。表决结果：7 票同意，0 票反对，0 票弃权。 本议案尚需提交公司 2025 年度股东会审议。 二、利润分配和资本公积金转增股本方案的基本情况 三、现金分红方案的具体情况 （一）是否可能触及其他风险警示情形 （一）公司 2025 年度可供利润分配情况 经大华会计师事务所（特殊普通合伙）审计，公司 2025 年度实现归属于上市公司股东 的净利润-2.57 亿元，母公司实现净利润-2.93 亿元，截至 2025 年 12 月 31 日，合并报表 未分配利润-4.31 亿元，母公司未分配利润-3.27 亿元。 （二）2025 年度利润分配预案 公司 2025 年度利润分配预案为：不派发现金红利，不送红股，不以资 ...

北京北斗星通导航技术股份有限公司 2025 年年度报告全文 北京北斗星通导航技术股份有限公司 2025 年年度报告 【2026 年 3 月】 1 北京北斗星通导航技术股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、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。 公司负责人周儒欣、主管会计工作负责人张智超及会计机构负责人（会 计主管人员）方小莉声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及的未来规划、发展战略等前瞻性陈述，不构成对投资者的实 质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解 计划、预测与承诺之间的差异。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 542,910,913 为基数， 向全体股东每 10 股派发现金红利 0 元（含税），送红股 0 股（含税），不以公 积金转增股本。 截 至 报 告 期 末 ， 公 司 母 公 司 财 务 报 表 中 存 在 累 ...

Group 1 - The main stocks with significant capital inflow include BYD (9.08 billion), Sungrow Power (6.85 billion), and YunSai ZhiLian (6.18 billion) [1] - The top performing stocks by percentage increase are Baofeng Energy (9.99%), YK Technology-W (19.99%), and YunSai ZhiLian (9.98%) [2][3] - The sectors represented in the top inflow stocks include automotive, power equipment, computer, and coal [2][3] Group 2 - BYD leads with a capital inflow of 9.08 billion and a price increase of 2.89% [2] - Sungrow Power has a capital inflow of 6.85 billion with a price increase of 2.56% [2] - The total capital inflow for the top 20 stocks reflects strong investor interest across various sectors [1]

Investment Rating - The report assigns an "Accumulate" rating for the industry [1] Core Insights - The low-altitude economy is gaining momentum with significant policy support, including a joint announcement from five ministries to strengthen the digital infrastructure for low-altitude operations and promote high-quality development of low-altitude insurance [3][10][14] - The report highlights the successful financing activities in the eVTOL sector, with WoFei ChangKong completing nearly 1 billion yuan in a new round of financing, marking the largest single financing in the low-altitude economy at the start of the year [3][27] - The introduction of innovative eVTOL models, such as the world's first 5-ton eVTOL by Fengfei Aviation, is expected to redefine low-altitude transportation efficiency and expand market opportunities [16][17] Summary by Sections Market Performance - In February 2026, the low-altitude economy index increased by 4.56%, outperforming the Shanghai Composite Index by 3.47 percentage points [8][12] Policy Dynamics - A joint document from five ministries emphasizes the need to enhance information communication capabilities to support low-altitude infrastructure development, with specific targets for 5G-A industry supply and low-altitude communication coverage [10][11] - The National Development and Reform Commission and other agencies have set goals for establishing a mandatory insurance system for unmanned aerial vehicles by 2027, aiming to enhance the safety framework for low-altitude operations [14][15] Industry Chain Progress - Fengfei Aviation's V5000 eVTOL has successfully completed its conversion flight, marking a significant milestone in the eVTOL industry and showcasing China's leadership in this technology [16][17] - Yesheng Aviation has become the first company globally to hold three special flight permits for ultra-light eVTOLs, indicating strong progress in regulatory approvals and product development [21][22] Investment and Financing Dynamics - WoFei ChangKong's recent financing round, led by CITIC Capital, is aimed at accelerating the certification process for its AE200 series and expanding its commercial model [27] - Tianling Technology has also secured over 100 million yuan in financing to advance its INFLYNC L600 eVTOL, which is expected to enter commercial operations by 2028 [28] Investment Recommendations - The report suggests focusing on key segments such as complete aircraft, power systems, flight control systems, and low-altitude monitoring, with specific companies highlighted for potential long-term benefits [31]

Group 1 - China Satcom (601698) is a key player in satellite communication, holding scarce orbital positions and spectrum resources, crucial for commercial space ventures. The demand for satellite communication and data services is rapidly increasing due to the acceleration of low-orbit satellite networks and mobile direct satellite connections [1][44] - The company has a complete ground station network and high-throughput satellite resources, deeply integrated with national satellite internet projects, ensuring stable and sustainable cash flow [1][45] - With the ongoing scale-up of commercial space, the demand for satellite operation, data distribution, and industry applications continues to grow, supported by favorable policies for satellite internet [1][45] Group 2 - China Satellite (600118) focuses on the entire satellite manufacturing and application chain, covering communication, navigation, and remote sensing, making it a core player in satellite manufacturing [2][46] - The demand for small satellite launches is surging as low-orbit satellite constellations reach their peak, leading to explosive growth in satellite assembly and core component supply [2][46] - The company leverages its technological and resource advantages from the Aerospace Science and Technology Corporation, participating in major national space projects and expanding its service offerings [2][46] Group 3 - Aerospace Electronics (600879) specializes in aerospace measurement and control, covering key areas such as rocket control and satellite attitude control, with a supply rate exceeding 90% [3][47] - The demand for aerospace measurement and satellite electronics is increasing due to the rise in commercial rocket launches and large-scale low-orbit satellite networks [3][47] - The company has a strong order backlog and is actively expanding into the commercial space market, providing services to private rocket and satellite companies [3][47] Group 4 - ZTE Corporation (000063) is a global leader in communication equipment, deeply involved in the ground core network and terminal equipment for satellite internet, making it a key participant in commercial space ground systems [4][48] - The demand for satellite communication ground stations, core network equipment, and terminal chips is surging due to the acceleration of low-orbit satellite construction [4][48] - The company is leveraging its 5G and communication technology expertise to quickly enter the satellite communication field, participating in national satellite network projects and expanding into overseas markets [4][48] Group 5 - AVIC Optoelectronics (002179) focuses on high-reliability connectors and cable components, widely used in rockets, satellites, and spacecraft, making it a core supplier in commercial aerospace connection systems [5][49] - The demand for high-reliability connectors is growing as the complexity and reliability requirements of commercial aerospace equipment increase [5][49] - The company is actively expanding into the private aerospace market, providing services to commercial rocket and satellite companies, enhancing its market share [5][49] Group 6 - Aerospace Development (000547) is the only publicly listed platform for commercial aerospace under the Aerospace Science and Industry Corporation, covering the entire satellite manufacturing, operation, and ground terminal chain [6][50] - The company has seen a significant increase in commercial aerospace orders, leveraging its military qualifications and resource advantages [6][50] - With the gradual establishment of the "Tianmu-1" low-orbit meteorological satellite constellation, the company is enhancing its satellite data service capabilities [6][50] Group 7 - Guangqi Technology (002625) specializes in metamaterials, widely used in aerospace equipment for stealth and structural enhancement, making it a core player in the new materials sector of commercial aerospace [7][51] - The demand for metamaterials is continuously increasing as commercial aerospace equipment requires lightweight, stealthy, and high-performance materials [7][51] - The company is actively expanding into the civilian commercial aerospace market, providing metamaterial solutions to private rocket and satellite companies [7][51] Group 8 - Chengchang Technology (001270) is a leading supplier of spaceborne T/R chips, with a market share exceeding 70%, making it a core supplier in the commercial aerospace RF chip sector [8][53] - The demand for spaceborne T/R chips is experiencing exponential growth due to the large-scale networking of low-orbit constellations [8][53] - The company is expanding into overseas markets and entering the global commercial satellite supply chain, further enhancing its market share [8][53] Group 9 - Tianyin Electromechanical (300342) specializes in satellite attitude control star sensors, holding a market share exceeding 60%, making it a leading enterprise in core components for commercial aerospace satellites [9][54] - The demand for star sensors is robust, with each satellite requiring one, and the company is seeing significant growth in order volume due to the batch launch of low-orbit satellites [9][54] - The company is actively expanding its product layout to include other core satellite components, further enhancing its market share [9][54]

Group 1 - The General Aviation ETF (159378) closed down 0.61% at 1.474 yuan with a trading volume of 20.1571 million yuan as of the midday close on February 27 [1] - Major holdings in the General Aviation ETF include Wan Feng Ao Wei down 0.49%, Aerospace Rainbow down 0.58%, and China Satellite up 1.68% [1] - The performance benchmark for the General Aviation ETF is the National General Aviation Industry Index return, managed by Yongying Fund Management Company [1] Group 2 - Since its establishment on January 2, 2025, the General Aviation ETF has returned 48.19%, while its return over the past month is -1.42% [1]

Core Viewpoint - Beidou Xingtong's stock has shown active performance over the past three trading days, with a cumulative increase of 3.08% and a total transaction amount of approximately 1.806 billion yuan [1] Trading Performance - The stock price of Beidou Xingtong closed at 42.65 yuan on February 24, with a daily increase of 0.26% - On February 25, the closing price rose to 43.53 yuan, reflecting a growth of 2.06% and a transaction volume of 777 million yuan - As of February 26, the latest stock price was 43.85 yuan, up 0.74% from the previous day, with a transaction amount of 432 million yuan - The cumulative increase over the three trading days was 3.08%, with a total transaction volume of approximately 1.806 billion yuan, indicating active trading [1] Capital Flow - On February 25, the net inflow of main funds into Beidou Xingtong was 44.7443 million yuan, accounting for 5.76% of the total transaction amount - Concurrently, retail funds also saw a net inflow of 13.5745 million yuan - Technical indicators show that the current stock price is near the middle track of the 20-day Bollinger Bands, with a narrowing negative value in the MACD histogram and signs of oversold recovery in the KDJ indicator, indicating increased short-term volatility [1]