Group 1: China Satellite (600118) - China Satellite is a leading player in the domestic satellite manufacturing sector and a key support for the national satellite internet strategy, handling over 50% of domestic low-orbit communication satellite orders [1][20] - The company has a monopoly advantage in small and micro-satellite platform technology, with products covering optical remote sensing, communication, and navigation [1][20] - It benefits from the increasing density of domestic satellite launches and the acceleration of constellation networking processes [1][20] Group 2: China Satcom (601698) - China Satcom is the only domestic telecom operator with independent satellite communication resources, managing multiple commercial communication satellites and providing a global satellite communication network [2][21] - The company plays a dominant role in aviation satellite internet services, providing high-speed and stable satellite-ground connectivity for flights [2][21] - Its business model encompasses the entire chain from satellite operation to bandwidth leasing and value-added services, benefiting from the growing demand for satellite bandwidth resources [2][21] Group 3: Shanghai Huguang (603131) - Shanghai Huguang is a core player in the private satellite manufacturing sector, with capabilities in the assembly, integration, and testing (AIT) services for the G60 Qianfan constellation project [3][22] - The company has a production capacity of over 100 satellites annually, supporting the deployment of 15,000 satellites for the Qianfan constellation [3][22] - It leverages advanced welding technology and automation to meet precision manufacturing requirements, achieving a 20% improvement in weld strength compared to traditional methods [3][22] Group 4: Chengchang Technology (001270) - Chengchang Technology is one of the few companies providing complete solutions for satellite internet phased array T/R chips, focusing on GaN, GaAs, and silicon-based processes [4][23] - The company’s products are widely used in various scenarios, achieving international advanced performance levels [4][23] - It benefits from the growing demand for satellite communication chips and the domestic replacement of high-end RF chips [4][23] Group 5: Huali Chuantong (300045) - Huali Chuantong is a core supplier of satellite communication terminals, playing a key role in the satellite communication functionality of Huawei's Mate60 series [5][24] - The company’s products cover satellite communication, BeiDou navigation, and simulation testing, with significant advantages in both military and civilian sectors [5][24] - It is well-positioned to benefit from the increasing penetration of consumer-grade satellite communication terminals [5][24] Group 6: Haige Communication (002465) - Haige Communication has a complete technology system in the low-orbit satellite internet sector, providing integrated solutions from chips to terminals and systems [6][25] - The company is deeply involved in major domestic BeiDou navigation and satellite internet projects, with a strong customer base in military satellite communication [6][25] - It is positioned to benefit from the dual growth of military and civilian markets through its collaborative development model [6][25] Group 7: Qian Zhao Optoelectronics (300102) - Qian Zhao Optoelectronics is a leading supplier of gallium arsenide solar cells in the commercial aerospace sector, holding over 50% market share [7][26] - The company has achieved vertical integration from gallium arsenide epitaxial wafers to chips, with products suitable for extreme space environments [7][26] - It benefits from the increasing satellite launch volumes and the growth of the commercial aerospace industry [7][26] Group 8: Aerospace Electronics (600879) - Aerospace Electronics specializes in providing key electronic devices and control systems for satellites and rockets, serving as a core support for the aerospace industry [8][27] - The company has a strong technical reserve in inter-satellite links and high-precision measurement and control [8][27] - It is positioned to benefit from the rapid development of commercial aerospace and the increasing demand for aerospace equipment [8][27] Group 9: Zhenlei Technology (688270) - Zhenlei Technology is a core supplier in the satellite internet chip sector, with a market share exceeding 40% in satellite RF chips and power management chips [9][28] - The company has achieved breakthroughs in high-end chip domestic production, with reliability and performance reaching international standards [9][28] - It is well-positioned to benefit from the demand for satellite internet core components and the domestic replacement of imported products [9][28] Group 10: Guobo Electronics (688375) - Guobo Electronics is a leading company in the satellite phased array T/R component sector, focusing on the development of compound semiconductor devices [10][29] - The company has a complete technical system for the design, manufacturing, and testing of phased array T/R components [10][29] - It is positioned to benefit from the growing demand for high-frequency communication in satellite applications [10][29] Group 11: Zhongke Xingtou (688568) - Zhongke Xingtou is a leader in satellite remote sensing data processing and visualization, providing critical data support for satellite internet applications [11][30] - The company has a full-chain technology for satellite remote sensing data acquisition, processing, analysis, and visualization [11][30] - It is positioned to benefit from the explosion of satellite remote sensing data and the digital transformation of industries [11][30] Group 12: Siwei Tuxin (002405) - Siwei Tuxin is a leader in high-precision mapping and positioning navigation, providing integrated solutions for satellite internet applications in smart driving [12][31] - The company has a leading high-precision map database and core technology for BeiDou navigation [12][31] - It is positioned to benefit from the integration of satellite positioning technology and map data in the automotive sector [12][31] Group 13: Shanghai Huanxun (300762) - Shanghai Huanxun is a core enterprise in the military communication and satellite internet integration sector, serving as the exclusive payload supplier for the G60 Qianfan constellation [13][32] - The company has developed core technologies for 6G communication, enhancing frequency utilization and anti-interference capabilities [13][32] - It is positioned to benefit from the dual growth of military and civilian satellite communication markets [13][32] Group 14: Obit (300053) - Obit specializes in the development and production of core electronic devices for satellites, adapting to the trends of satellite miniaturization and lightweight [14][33] - The company’s products are widely used in various satellites and spacecraft, ensuring stable operation in orbit [14][33] - It is positioned to benefit from the increasing demand for satellite electronic products as commercial satellite launches rise [14][33] Group 15: Aerospace Hanyu (688523) - Aerospace Hanyu focuses on the development and production of structural components and electronic devices for satellites and rockets, serving as a key support for the aerospace industry [15][34] - The company has a complete capability from product design to mass production, meeting high reliability and precision manufacturing requirements [15][34] - It is positioned to benefit from the acceleration of satellite networking and the increasing launch density of rockets [15][34] Group 16: Tongyu Communication (002792) - Tongyu Communication is a leading company in the satellite communication antenna sector, focusing on the development of antennas for satellite and mobile communication [16][35] - The company has a complete capability from antenna design to testing, with products applied in various satellite communication projects [16][35] - It is positioned to benefit from the construction of ground facilities for satellite internet and the upgrading of communication equipment [16][35] Group 17: Tianyin Electromechanical (300342) - Tianyin Electromechanical is a core supplier of satellite attitude control system components, playing a significant role in commercial satellite systems [17][36] - The company’s products ensure stable satellite attitude and energy supply, with applications in various commercial satellites [17][36] - It is positioned to benefit from the increasing demand for attitude control system components as satellite launches rise [17][36]

Core Insights - The satellite communication sector experienced a significant surge on December 4, with the satellite industry ETF (159218) rising by 3.36% and achieving a trading volume of approximately 1.3 billion, surpassing the previous day's total trading volume [1][2] - The successful maiden flight of the ZQ-3 reusable rocket by Blue Arrow Aerospace is seen as a pivotal moment for China's commercial space industry, marking the beginning of a new era in reusable rocket technology [1][2] - The establishment of a dedicated Commercial Space Administration by the National Space Administration signifies a commitment to fostering high-quality development in China's commercial space sector, which is expected to benefit the entire industry chain [1] Industry Developments - The domestic satellite launch capacity has significantly improved, leading to an accelerated expectation for satellite launch schedules and performance realization, boosting confidence in the growth potential of the satellite manufacturing sector [2] - Since July, clear policy, technological, and capital turning points in commercial space have propelled the industry into a rapid development phase, with major projects like the giant constellation satellite network progressing smoothly [2] - The satellite industry ETF (159218) serves as a key investment vehicle for exposure to the satellite sector, tracking a diverse range of companies across satellite manufacturing, launching, and navigation communication applications, with a remarkable 395.41% increase in shares this year [2]

Core Viewpoint - The company is actively engaging in overseas data compliance and high-precision positioning services in Europe to support automotive enterprises expanding internationally [2] Group 1 - The company has confirmed its involvement in providing overseas data compliance and high-precision positioning services [2] - The services are aimed at supporting automotive companies that are venturing into international markets [2] - Specific order information will be disclosed by the company as per their reporting standards [2]

近日，四维图新对鉴智机器人的投资取得关键进展。根据四维图新公司公告，11月28日已同步完成ODI 全部备案手续、协议签署及首笔资金支付。据悉，此次投资完成后，四维图新将合计持有鉴智开曼约 39.14%股权，成为其第一大股东。四维图新介绍，业务层面，鉴智机器人产品线已覆盖"地平线+高 通"双计算平台，形成低、中、高阶完整解决方案，有望与四维图新现有能力形成协同。 ...

Core Insights - The strategic investment by the company in PhiGent Robotics Limited marks a significant step in its Tier1 strategy, transitioning from a single product supplier to a full-stack service provider [2] - The investment structure includes a cash injection of 250 million RMB and an asset transfer valued at 1.55 billion RMB, resulting in a 39.14% ownership stake in PhiGent Robotics, making the company its largest shareholder [1][2] - The collaboration is expected to enhance market competitiveness by integrating software and hardware solutions across various chip platforms, addressing the growing demand for comprehensive solutions in the smart driving sector [2] Company Summary - The company has completed the necessary overseas investment filing and signed all transaction documents as of November 28, indicating the formal establishment of the strategic investment [1] - The cash portion of the investment involves subscribing to 138 million shares of C+ class preferred stock at 1.8061 RMB per share, while the asset portion involves transferring 100% equity of its subsidiary valued at 1.55 billion RMB for 1.092 billion ordinary shares [1] - The investment is anticipated to generate approximately 1.5 billion RMB in investment income, significantly boosting the company's financial performance [2] Industry Summary - The smart driving industry is entering a phase of large-scale production, increasing the demand for Tier1 suppliers to provide comprehensive solutions [2] - The partnership between the company and PhiGent Robotics is expected to create significant advantages in technology iteration, cost control, and customer expansion, laying a solid foundation for sustained growth in the commercialization of smart driving [2]

北京四维图新科技股份有限公司 关于对外投资及财务资助的关联交易的 证券代码：002405 证券简称：四维图新 公告编号：2025-082 进展公告 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。 二、本次交易的进展 1 截至本公告披露日，本次交易的进展情况如下： 1、境外投资备案手续（ODI）办理情况 截至2025年11月28日，公司已办理完成本次交易涉及的北京市发展和改革 委员会、北京市商务局、国家外汇管理局北京市分局的境外投资备案手续，并 领取到相关的证书和批复。 2、协议签署情况 截至2025年11月28日，本次交易涉及的《购股权证购买协议》《股份转让 协议》《贷款协议》等全部交易文件均已完成签署。《购股权证购买协议》 《股份转让协议》《贷款协议》核心内容详见公司于2025年9月30日刊载于《证 券时报》、《中国证券报》和巨潮资讯网（http://www.cninfo.com.cn）上的《关 于对外投资及财务资助的关联交易公告》（公告编号：2025-061）。 一、本次交易概述 公司分别于2025年9月28日、2025年10月15日召开了第六届董事会第十 ...

证券代码：002405 证券简称：四维图新 公告编号：2025-081 二〇二五年十二月一日 附件：职工代表董事简历 霍敬宇，男，1983 年 4 月出生，无境外永久居留权。2003 年 9 月至 2007 年 7 月就读于哈尔滨理工大学通信工程专业，获本科学历。 自 2013 年 2 月加入公司以来，曾任四维图新总裁办部门总经理，公司 东区总经理，负责东区的运营与发展。现负责公司行政运营。 截至本公告披露日，霍敬宇先生持有公司股票 348,501 股，与持 有公司 5%以上股份的股东、公司其他董事、高级管理人员不存在关联 关系；不存在《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 （2025 年修订）》及《公司章程》等规定的不得担任相关职务的情形， 不是失信被执行人，不存在被中国证监会确定为市场禁入者并且尚未 解除的情况，不存在被深圳证券交易所公开认定不适合担任上市公司 相关职务的情况，也未曾受到中国证监会和深圳证券交易所的任何处 罚和惩戒。 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 ...

证券代码：002405 证券简称：四维图新 公告编号：2025-080 北京四维图新科技股份有限公司 2025 年第四次临时股东会决议公告 通过深圳证券交易所交易系统进行网络投票：2025年12月1日9:15—9:25， 9:30—11:30和13:00—15:00。 2.现场会议召开地点：北京市海淀区永旭南路1号四维图新大厦A座1303会议室。 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决提案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间： 现场会议：2025年12月1日（星期一）下午15:30； 通过深圳证券交易所互联网投票系统投票：2025年12月1日上午9:15至下午 15:00期间的任意时间； 3.投票方式：本次会议采用现场投票与网络投票相结合的方式召开。 本次股东会通过深圳证券交易所交易系统和互联网投票系统向全体股东提供网 络形式的投票平台。 4.会议召集人和主持人：公司第六届董事会召集，经过半数董事选举由董事姜 晓明先生主持。 5.本 ...

北京市天元律师事务所 关于北京四维图新科技股份有限公司 2025 年第四次临时股东会的法律意见 京天股字（2025）第 729 号 本次股东会采用现场投票和网络投票相结合的方式召开。本次股东会现场会议 于2025年12月1日（星期一）15:30在北京市海淀区永旭南路1号四维图新大厦A座 1303会议室召开，公司董事长张鹏先生、副董事长程鹏先生因工作原因不能到会， 经过半数董事选举由董事姜晓明先生主持本次股东会，完成了全部会议议程。本次 股东会网络投票通过深交所股东会网络投票系统进行，通过交易系统进行投票的具 体时间为股东会召开当日的交易时间段，即9:15-9:25，9:30-11:30、13:00-15:00； 通过互联网投票系统进行投票的具体时间为股东会召开当日9:15-15:00的任意时间。 致：北京四维图新科技股份有限公司 北京四维图新科技股份有限公司（以下简称"公司"）2025 年第四次临时股东 会（以下简称"本次股东会"）采取现场投票与网络投票相结合的方式，现场会议于 2025 年 12 月 1 日（星期一）15:30 在北京市海淀区永旭南路 1 号四维图新大厦 A 座 1303 会议室召开。北京市 ...

Group 1 - The Chinese government is emphasizing the construction of a vehicle-road-cloud collaborative system, with a complete top-level design framework established through systematic and phased policy deployments [1][2] - The integration of vehicle-road-cloud is expected to play a more significant role in infrastructure development, supported by policies aimed at building a strong transportation nation [1][2] - The current stage of vehicle-road-cloud construction is still in a phased approach, indicating substantial market potential for future development [1][2] Group 2 - Short-term, roadside construction is expected to accelerate, leading to an increase in vehicle-mounted terminals, while long-term, operational services will have broad market potential [2] - Companies like Four-dimensional Map and Zhonghaidah are actively involved in the vehicle-road-cloud projects, with Four-dimensional Map being one of the earliest players in this industry [3][4] - Four-dimensional Map has secured contracts in multiple cities, including Beijing, Shenzhen, and Wuxi, and is currently working on pilot city deployments [3]