五是资本助力IPO加快。 2026年不仅是技术元年，也是民营火箭企业的上市大年。随着《指 引第9号》明确支持商业火箭企业适用科创板第五套标准，蓝箭航天、星河动力等头部企业开启 IPO进程 。解决了商业航天企业高投入、长周期的上市融资痛点。 2026年有望成为中国商业航天大发展的元年。未来，全球 商业航天领域会 发生 2个重大改 变： 一 是 低轨星座的进入决胜期，卫星互联网从 B端专用走向手机直连 ， 消费级 市场 爆发。 轨道和频段作为不可再生的稀缺战略资源，遵循先登先占原则。随着 2026年SpaceX星链全面推 进手机直连商业服务，中国向ITU申报超20万颗卫星计划，全球将迎来高密度发射潮。2026年不 仅是卫星数量的爆发年，更是商业模式的拐点 。未来 普通智能手机无需改装即可直连卫星，卫 星互联网将正式打通即时通讯闭环，开启万亿级的 C端大众消费市场。 文：泽平宏观 团队 导读 近年来我国商业航天发展明显提速。 一是全球航天发射次数再创新高。 2025 年全年发射达 337 次，较 2024年的263 次同比增长 28%，创下历史最高纪录。2025年1-11月全球入轨航天器总数超 4026 颗，全年发 ...

Core Viewpoint - The company emphasizes its commitment to an innovation strategy that integrates technology and market needs, maintaining a high level of R&D investment to drive breakthroughs in core and key technologies [1] Group 1 - The company is focused on horizontal and vertical expansion across different professional products and customer markets [1] - The company aims to build a robust layout characterized by "stock-increment-foresight tracking" to ensure sustainable development and innovation capabilities [1]

Group 1 - The core point of the article is that Haige Communication's subsidiary, Xi'an Chida Aircraft, successfully completed the maiden flight of the flexible configuration heavy-duty drone "Jiutian" on December 11, 2025, marking a significant technological breakthrough in China's large drone sector [1] - The project is expected to contribute to the innovation and upgrade of the aviation industry in China [1] - Currently, the project has not had a significant impact on the company's business or financial performance [1]

Summary of Key Points Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership and investor sentiment in the market [1]. Shareholder Reductions - **Qianfang Technology**: Hangzhou Haoyue plans to reduce its stake by up to 1.5% [1] - **Caicai Co., Ltd.**: Mingpai Industrial intends to reduce its stake by no more than 3% [1] - **Jingwei Co., Ltd.**: Directors and senior management plan to reduce their holdings by a total of up to 1.53% [1] - **Huitong Energy**: Shareholder Ningbo Hu plans to reduce its holdings by up to 2.0628 million shares [1] - **Huakang Clean**: The actual controller and its concerted actors plan to reduce their stake by no more than 3% [1] - **Dema Technology**: Shareholder Zhu Guangkui intends to reduce his stake by no more than 3% [1] - **Laisentongling**: Oulu Star Diamond plans to reduce its stake by up to 3% [1] - **Huibo Technology**: Huang Song plans to reduce his stake by no more than 1% [1] - **Haizheng Materials**: Sinopec Capital plans to reduce its stake by no more than 1% [1] - **Wuhai Biotechnology**: Lou Guoliang plans to reduce his holdings by a total of up to 1 million shares [1] - **Bofei Electric**: Shareholders Haining Yunge and Haining Jucheng plan to reduce a total of 2.3213 million shares [1] - **Dayuan Pump Industry**: Shareholder Han Yuanfu plans to reduce his stake by up to 5.595 million shares [1] - **Nanwei Software**: Shareholder Qizhong Shiyuan has already reduced his holdings by 4.934 million shares [1] - **Haige Communication**: Shareholder Yang Haizhou plans to reduce his stake by up to 4 million shares [1] - **Fuda Alloy**: Controlling shareholder Wang Dawu plans to reduce his stake by no more than 3% [1]

Group 1 - Fuda Alloy's controlling shareholder Wang Dawu plans to reduce his stake by up to 3% of the company's total shares, amounting to a maximum of 406.34 million shares, due to personal funding needs [1] - ST Songfa's subsidiary signed contracts for the construction of 17 vessels, with a total contract value between 1.6 billion to 1.8 billion USD [2] - Pairui Co. signed a technical cooperation agreement with a university to develop large-capacity power semiconductor devices and related power electronic modules, effective for three years [3] Group 2 - Shuangliang Energy indirectly participates in commercial aerospace projects, supplying heat exchangers for SpaceX's fuel production system, with orders totaling approximately 1.39 million CNY [4] - Hangya Technology plans to issue convertible bonds to raise up to 600 million CNY for various projects, including an intelligent manufacturing base in Malaysia [5] - Yuhua Development is publicly selling assets with a base price of 251 million CNY for residential properties [6] Group 3 - Penghui Energy plans to invest 2.1 billion CNY in a new battery production project in Zhengyang County, Henan Province, focusing on high-performance battery products [7] - Haige Communication's shareholder Yang Haizhou intends to reduce his stake by up to 0.1624% of the company's total shares [8] - Yaoshi Technology's controlling shareholder pledged 5.13% of shares to repay loans, with a pledge period from February 10, 2026, to February 2, 2027 [9][10] Group 4 - Hanyu Pharmaceutical received FDA approval for its drug Acetate Glatiramer Injection, used for treating relapsing multiple sclerosis [11] - Baiyao Tai's GoliMab Injection received EMA approval for various indications, including rheumatoid arthritis and ulcerative colitis [12] - Jiangxi Tungsten Equipment plans to issue A-shares to raise up to 1.882 billion CNY for acquisitions [13] Group 5 - Hesong New Materials expects to recognize asset impairment provisions between 23.6 million to 28.5 million CNY for 2025 [14] - ST Meichen's subsidiary is involved in two major lawsuits with a total amount of approximately 31.9 million CNY [15] - China Coal Energy reported a 7.3% year-on-year decline in coal sales for January 2026, with total sales of 20.05 million tons [16] Group 6 - Yida Co. plans to adjust its epoxy propylene derivative project, reducing the total investment from 845 million CNY to 642 million CNY [17] - Fosun Pharma's subsidiary received approval for a clinical trial of HLX15-SC for multiple myeloma treatment [18][19] - Yinfeng Communication's board members and executives have terminated their share reduction plan [20] Group 7 - Huazhong High-tech has waived its preferential purchase rights for a fund, extending the investment period from three to four years [21] - Warner Pharmaceuticals plans to participate in a national drug procurement program, with expected sales of 176 million CNY [22] - Changling Hydraulic announced a tender offer to acquire 12% of its shares at a price of 35.82 CNY per share [23] Group 8 - ST Chuan Zhi's stock may face delisting due to financial data falling below regulatory thresholds [24] - Tian Pharmaceutical and its subsidiaries are participating in a national drug procurement program, with expected sales of 323 million CNY [25] - China Metallurgical Group signed new contracts worth 73.65 billion CNY in January 2026 [26] Group 9 - Torus plans to invest 21.2 million CNY in a venture capital fund focused on artificial intelligence [27] - Shangwei Co. received a government subsidy of 1.764 million CNY, representing 10.79% of its net profit for 2024 [28] - Hanghua Co. reported a 21.97% decline in net profit for 2025, with total revenue of 1.249 billion CNY [29] Group 10 - Huaxia Bank reported a 1.72% decline in net profit for 2025, with total revenue of 91.914 billion CNY [30] - Guotou Fengle plans to transfer 51% of its stake in Hubei Fengle Ecological Fertilizer to optimize management [31] - Huaru Technology is co-investing in a fund with a total commitment of 20 million CNY [32] Group 11 - Jindike reported a loss of 173 million CNY for 2025, despite a 40.13% increase in revenue [33] - Zhenong Co. announced a 0.52% increase in shares held by a major shareholder [34] - Maike Audi plans to recognize asset impairment provisions of approximately 52.55 million CNY [35] Group 12 - Fuan Pharmaceutical's subsidiary is expected to be selected for a national drug procurement program, with projected sales of 680 million CNY [36] - Rundu Co. is participating in a national drug procurement program, with some products expected to be selected [37] - Changqing Co. has postponed its large-scale die-casting project to March 2027 due to customer requirements [38] Group 13 - Pan Asia Micro透 received a patent for a graphene-based automotive headlight defogging device [39] - Luan An Huan Neng reported a 17.1% increase in raw coal production for January 2026, totaling 5 million tons [40] - Guangji Pharmaceutical received a drug registration certificate for Mecobalamin Tablets [41] Group 14 - Ruifeng New Materials announced the resignation of its deputy general manager for personal reasons [42] - Zhiguang Electric's subsidiary signed a procurement contract for energy storage equipment worth 210.4 million CNY [43] - Youyan Powder Materials reported a 19.41% increase in net profit for 2025 [44] Group 15 - Jincheng reported a 22.2% increase in net profit for 2025, with total revenue of 253 million CNY [46]

Group 1 - The core point of the article is that HaiGe Communication (002465.SZ) announced that shareholder Mr. Yang Haizhou plans to reduce his holdings in the company by up to 4 million shares within three months, starting from 15 trading days after the announcement [1] Group 2 - The planned share reduction represents approximately 0.1624% of the company's total share capital, excluding shares held in the repurchase special account [1]

智通财经APP讯，海格通信(002465.SZ)发布公告，股东杨海洲先生计划在本公告披露之日起15个交易日 后的3个月内以集中竞价交易方式减持公司股份不超过400万股(约占剔除回购专用账户股份后公司总股 本的0.1624%)。 ...

格隆汇2月12日丨海格通信(002465.SZ)公布，持有公司股份2442.51万股(约占剔除回购专用账户股份后 公司总股本的0.9920%)的股东杨海洲先生计划在本公告披露之日起15个交易日后的3个月内以集中竞价 交易方式减持本公司股份不超过400万股(约占剔除回购专用账户股份后公司总股本的0.1624%)。 ...

证券代码：002465 证券简称：海格通信 公告编号：2026-012 号 广州海格通信集团股份有限公司 关于股东股份减持计划的预披露公告 股东杨海洲先生保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示：持有广州海格通信集团股份有限公司（以下简称"公司"或"本 公司"）股份 24,425,125 股（约占剔除回购专用账户股份后公司总股本的 0.9920%） 的股东杨海洲先生计划在本公告披露之日起 15 个交易日后的 3 个月内以集中竞价 交易方式减持本公司股份不超过 4,000,000 股（约占剔除回购专用账户股份后公司 总股本的 0.1624%）。 公司收到公司股东杨海洲先生出具的《股份减持计划告知函》，现将相关情况 公告如下： （二）截至本公告披露日，杨海洲先生持有公司股份 24,425,125 股，约占剔 除回购专用账户股份后公司总股本的 0.9920%。 二、本次减持计划的主要内容 （一）减持计划的具体安排 1. 拟减持原因：个人资金规划。 2. 减持股份来源：公司首次公开发行股票前持有的股 ...

海格通信公告，股东杨海洲先生持有公司2442.51万股，占剔除回购专用账户股份后总股本0.9920%，计 划自公告披露日起15个交易日后的3个月内，以集中竞价方式减持股份不超过400万股，占0.1624%。拟 减持股份来源为公司首次公开发行股票前持有及因资本公积转增取得的股份，减持原因为个人资金规 划。 ...