证券代码：002446 证券简称：盛路通信 公告编号：2026-005 广东盛路通信科技股份有限公司 关于募集资金投资项目结项并将节余募集资金 永久补充流动资金的公告 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。 广东盛路通信科技股份有限公司（以下简称"公司"或"本公司"）于 2026 年 1 月 16 日召开了第六届董事会审计委员会第十一次会议、2026 年 1 月 21 日 召开了第六届董事会第二十一次会议，审议通过了《关于募集资金投资项目结 项并将节余募集资金永久补充流动资金的议案》，鉴于公司公开发行可转换公 司债券募集资金投资项目"盛恒达科创产业园一期"、"南京恒电微波信号模 拟技术中心及环境试验与测试中心建设项目"已建设完毕并达到预定可使用状 态，公司决定对上述项目予以结项。为充分发挥募集资金的使用效率，公司拟 将节余募集资金 5,218.99 万元（最终金额以资金转出当日银行结算余额为准） 永久补充流动资金，用于与公司主营业务相关的生产经营活动。节余募集资金 转出后，在银行开立的募集资金专户将不再使用，公司将尽快办理销户手续。 本次事项尚需提请公 ...

证券代码：002446 证券简称：盛路通信 公告编号：2026-007 广东盛路通信科技股份有限公司 1、股东会届次：2026 年第一次临时股东会 2、股东会的召集人：董事会。公司于 2026 年 1 月 21 日召开的第六届董 事会第二十一次会议审议通过了《关于召开 2026 年第一次临时股东会的议案》。 3、会议召开的合法、合规性：本次股东会的召开符合有关法律、行政法 规、部门规章、规范性文件、深圳证券交易所业务规则和公司章程等的规定。 4、会议时间： （1）现场会议时间：2026 年 2 月 6 日 14:00 （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 2 月 6 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 2 月 6 日 9:15 至 15:00 的任意时间。 关于召开 2026 年第一次临时股东会的通知 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）截至 2026 年 2 月 2 日（星 ...

南财智讯1月21日电，盛路通信公告，公司于2026年1月16日召开第六届董事会审计委员会第十一次会 议、2026年1月21日召开第六届董事会第二十一次会议，审议通过了《关于募集资金投资项目结项并将 节余募集资金永久补充流动资金的议案》。本次结项的募投项目为"盛恒达科创产业园一期"和"南京恒 电微波信号模拟技术中心及环境试验与测试中心建设项目"，上述项目已建设完毕并达到预定可使用状 态。截至2025年12月31日，节余募集资金为5218.99万元（最终金额以资金转出当日银行结算余额为 准），拟用于永久补充流动资金，支持公司主营业务相关的生产经营活动。节余募集资金转出后，公司 将注销相关募集资金专户。 ...

南财智讯1月21日电，盛路通信公告，公司及下属子公司拟使用不超过人民币6.50亿元的闲置自有资金 进行委托理财，投资品种为银行、证券公司、信托公司、基金管理公司等金融机构发行的安全性高、流 动性好的理财产品，资金来源为公司闲置自有资金。该事项已经公司第六届董事会第二十一次会议审议 通过，无需提交股东大会审议，授权期限自董事会决议通过之日起十二个月，额度可滚动使用。 ...

证券代码：002446 证券简称：盛路通信 公告编号：2026-004 广东盛路通信科技股份有限公司 第六届董事会第二十一次会议决议公告 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。 广东盛路通信科技股份有限公司（以下简称"公司"）第六届董事会第二十 一次会议的通知于二〇二六年一月十六日以电话或即时通讯工具等形式送达全 体董事，并于二〇二六年一月二十一日在公司会议室以通讯与现场会议结合的方 式召开。本次会议由过半数董事共同推举董事韩三平先生主持，应出席董事 7 人， 实际出席董事 7 人（其中：董事长杨华、董事李益兵、董事朱正平、董事韩三平、 独立董事周润书、独立董事褚庆昕、独立董事傅恒山以通讯表决方式出席会议）， 公司高级管理人员列席了本次会议。本次会议的召开符合《中华人民共和国公司 法》和《公司章程》的有关规定，合法有效。会议经投票表决，审议通过了以下 议案并形成决议如下： 一、以 7 票同意，0 票反对，0 票弃权审议通过了《关于募集资金投资项目 结项并将节余募集资金永久补充流动资金的议案》 本议案已经公司董事会审计委员会审议通过。 本议案尚需提请公司 ...

Investment Rating - The report maintains an "Outperform" rating for the commercial aerospace industry [1] Core Insights - The aerospace sector is transitioning from being viewed as a "cost center" driven by national will to a "growth engine" driven by commercial demand, with significant investments and strategic planning from both the US and China [6][9] - The global aerospace economy is projected to reach $613 billion in 2024, with commercial aerospace contributing 78%, and is expected to exceed $1 trillion by 2032 [6][9] - The value chain of commercial aerospace is divided into five core levels: "space, ground, terminal, rocket, and application," each presenting unique market opportunities and technical challenges from 2026 to 2030 [10][29] Summary by Sections 1. Space: Satellite Manufacturing - The satellite manufacturing market in China is expected to grow from approximately 7.1 billion yuan in 2025 to about 39.4 billion yuan by 2030, reflecting a shift from sporadic research models to continuous, batch engineering deliveries [16][18] 2. Ground: Ground Systems - The ground systems market is projected to increase from around 1.2 billion yuan in 2025 to approximately 39.1 billion yuan by 2030, evolving from a supporting role to a core infrastructure essential for stable satellite constellation operations [21][22] 3. Terminal: Key Variable for Commercial Aerospace - The terminal market is anticipated to grow from 500 million yuan in 2025 to about 141.9 billion yuan by 2030, driven by multiple vertical industries and potential consumer scenarios [23][24] 4. Rocket: Core Constraint - The cost of rocket launches is a critical constraint, with reusable technology expected to reduce costs by 80%-90% compared to traditional expendable rockets. The market for rocket launch services is projected to grow from approximately 10.7 billion yuan in 2025 to about 34.3 billion yuan by 2030 [25][26] 5. Application: Final Value Realization - The application market is expected to expand from 200 million yuan in 2025 to 525 billion yuan by 2030, with the revenue share from applications projected to rise from single digits to over 67% by around 2030 [27][28] 6. Investment Opportunities - Investment opportunities in commercial aerospace can be categorized into three main tracks: 1. Launch and manufacturing segments, which are expected to benefit directly from increased orders and visibility 2. Core components and systems, characterized by high technical barriers and critical for long-term competitiveness 3. Downstream applications and operational services, which, while currently limited in scale, hold the greatest long-term potential for value realization [29][30]

Group 1 - The company, Shenglu Communication, has developed technology for mobile direct satellite antenna connections, which has not yet been industrialized [2] - The announcement was made in response to investor inquiries on the interactive platform [2] - The current status indicates potential for future applications in the satellite communication sector [2]

Market Overview - The military electronics sector experienced a decline of 3.67% on January 20, with Xicet Testing leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable stock performances in the military electronics sector included: - *ST Dali (002214): Closed at 20.28, up 1.25% with a trading volume of 51,000 shares and a turnover of 103 million yuan - Xicet Testing (301306): Closed at 116.45, down 12.11% with a trading volume of 118,600 shares and a turnover of 1.463 billion yuan - Shenglu Communication (002446): Closed at 10.82, down 8.92% with a trading volume of 1.8396 million shares and a turnover of 2.039 billion yuan [1][2] Capital Flow - The military electronics sector saw a net outflow of 5.905 billion yuan from institutional investors, while retail investors had a net inflow of 5.209 billion yuan [2] - The capital flow for specific stocks included: - Aerospace South Lake (688552): Net inflow of 32.9088 million yuan from institutional investors - Xicet Testing (301306): Net outflow of 463.963 million yuan from retail investors [3]

Core Viewpoint - The commercial aerospace sector experienced a significant downturn on January 20, with many stocks hitting their daily limit down, marking the end of a month-long rally. The sector's volatility is attributed to a combination of policy changes, clarifications of business relevance, and recent launch failures [1][2][3]. Market Performance - As of January 20, the commercial aerospace sector index (BK0963) fell over 3.2%, with individual stocks like Xice Testing (301306.SZ) and Aerospace Hongtu (688066.SH) dropping more than 11%. A total of 11 stocks hit their daily limit down, while others like Aerospace Huanyu (688523.SH) and Shenglu Communication (002446.SZ) saw declines exceeding 8% [2][3]. - The index has decreased from above 3100 points on January 12 to around 2790 points, ending a rapid rise that began in late November 2025, during which at least 10 stocks doubled in price [2][3]. Factors Influencing Market Changes - The recent market cooling is attributed to multiple factors, including over 20 companies issuing risk warnings or clarifications about their lack of substantial involvement in commercial aerospace. For instance, Aerospace Hongtu stated that its strategic cooperation with a space technology company has not led to any significant business collaboration [3][6]. - The sector faced setbacks with launch failures, including the Long March 3B rocket and the private commercial rocket from Star River Power, which both experienced mission failures [3][4]. Policy and Industry Developments - The previous surge in the sector was driven by favorable policies, such as China's application for 203,000 new satellites, the largest in recent years, and the Shanghai Stock Exchange's announcement allowing commercial rocket companies to apply for IPOs under specific standards [4][5]. - Recent developments indicate that several companies with core technology capabilities are in the IPO preparation stage, although many have not yet gone public [6][7]. Financial Challenges - Financial data reveals significant challenges for companies in the sector. For example, Blue Arrow Aerospace reported net losses of 8.21 billion yuan in 2022, 12.16 billion yuan in 2023, and 9.16 billion yuan in 2024, with a total loss exceeding 35 billion yuan over three and a half years [7][8]. - The commercial viability of these companies is hindered by their early-stage development and the high costs associated with rocket technology, which still lag behind international competitors [8]. Future Outlook - Despite the recent downturn, long-term prospects for the commercial aerospace sector remain positive, with industry experts suggesting that the current market correction may help identify companies with genuine technological capabilities and commercial potential [9]. - Analysts believe that the sector may experience a recovery similar to the renewable energy market, driven by ongoing policy support and potential improvements in profitability [9].

盛路通信1月20日发布公告，公司股票连续三个交易日内（2026年1月16日､2026年1月19日､2026年1月20 日）日收盘价格跌幅偏离值累计超过20%，根据《深圳证券交易所交易规则》的有关规定，属于股票交 易异常波动的情况。经核实，近期公司生产经营情况正常，内外部经营环境未发生重大变化。公司、控 股股东及实际控制人不存在应披露而未披露的重大事项，或处于筹划阶段的重大事项。公司未发现近期 公共传媒报道了可能或已经对本公司股票交易价格产生较大影响的未公开重大信息。股票异常波动期 间，未发生公司控股股东､实际控制人买卖公司股票的行为。 ...