金融界8月6日消息，有投资者在互动平台向普天科技提问：公司相关产品或技术有哪些能为人工智能赋 能？谢谢。 公司回答表示：您好！公司一直在人工智能领域积极探索。公网通信方面致力于数据治理领域，打造核 心能力平台，涵盖数据集成、数据治理、数据开发、数据共享服务、数据安全、数据运维以及信息资源 门户。面向政务、企业及行业领域，精准对接数智驱动的智慧化场景与数实融合场景，实现数据全生命 周期的精细化管理，并持续构建高质量数据集，推动行业人工智能领域的业务创新发展。专网通信方 面，赋能行业创新应用在城市轨道交通专网、应急通信、工业网络的智能运维、数字化支撑等业务领 域，采用人工智能技术为行业数字化提供高质量专用网络服务支撑。未来公司将继续加强人工智能技术 在专网通信应用方面的研发，以专网通信服务为基础，以扩展和积累机理模型为核心，持续服务于轨道 交通、应急、油气等行业数字化转型。在智能制造方面，升级智能工厂、自动化装备及智能物流，提升 生产效率，同时积极开拓人工智能领域PCB订单。智慧应用方向，构建了涵盖 AIoT 平台、智能边缘网 关及智能物联网终端等核心组件的物联网技术体系，为各领域智能化升级提供基础支撑。旗下子公 ...

2025 年 8 月 1 日 金融工程研究团队 魏建榕（首席分析师） 证书编号：S0790519120001 张 翔（分析师） 证书编号：S0790520110001 傅开波（分析师） 证书编号：S0790520090003 高 鹏（分析师） 证书编号：S0790520090002 苏俊豪（分析师） 证书编号：S0790522020001 《 农 业 板 块 的 资 金 行 为 监 测 》 -2025.04.13 《 军 工 板 块 的 资 金 行 为 监 测 》 -2025.05.17 《稀土产业板块的资金行为监测》 -2025.06.20 《恒生科技板块的资金行为监测》 -2025.07.11 PCB 板块的资金行为监测 ——金融工程定期 魏建榕（分析师） 王志豪（分析师） weijianrong@kysec.cn 证书编号：S0790519120001 胡亮勇（分析师） 证书编号：S0790522030001 王志豪（分析师） 证书编号：S0790522070003 盛少成（分析师） 证书编号：S0790121070009 苏 良（分析师） 证书编号：S0790121070008 何申昊（分析师） 证书 ...

Group 1 - The company, Putian Technology, focuses on three main business areas: public network communication, private network communication and smart applications, and intelligent manufacturing [1] - The company's PCB products are widely applicable in high-end fields such as communication, electricity, high-speed rail, aerospace, and special equipment, with a small portion of products exported [1]

Group 1 - The core viewpoint indicates that the high-end equipment sector is experiencing significant growth, with the CSI High-End Equipment Sub-Index rising by 1.43% as of July 28, 2025, and notable individual stocks like Optoelectronics Co. and Gaode Infrared seeing substantial gains [1][2] - The high-end equipment ETF (159638) has shown a strong performance, with a recent increase of 1.36%, marking its third consecutive rise, and a total trading volume of 20.92 million yuan [1] - Over the past year, the high-end equipment ETF has achieved a net value increase of 34.71%, with the highest monthly return recorded at 19.30% since its inception [1] Group 2 - The military industry is showing strong performance, with 67 companies reporting their 2025 semi-annual earnings forecasts, of which 41 are expected to see profit increases, while 26 anticipate declines [1][2] - The military sector's valuation has reached a new level compared to the end of 2024, indicating a broad upward potential with limited downside risk [2] - The top ten weighted stocks in the CSI High-End Equipment Sub-Index account for 45.22% of the index, with significant contributors including AVIC Shenyang Aircraft, Aero Engine Corporation, and AVIC Optoelectronics [2][4]

Core Viewpoint - The performance of low-altitude economy companies in the first half of 2025 shows mixed results, with 12 companies reporting profits and 12 companies experiencing losses [3][5]. Group 1: Performance Overview - As of July 14, 2025, 24 companies in the low-altitude economy index disclosed their performance forecasts, revealing a split between profitable and loss-making entities [3]. - Among the 24 companies, 12 reported profits while the other 12 faced losses [3]. - Four companies are expected to see profit increases of over 50%: Zongshen Power (001696.SZ), Longxin General (603766.SH), Huijia Times (603101.SH), and Changyuan Donggu (603950.SH) [6]. Group 2: Profit and Loss Analysis - Companies such as Aerospace Development (000547.SZ) and Aerospace Rainbow (002389.SZ) reported losses, with the latter citing delays in delivery due to user demand plans [8]. - Aerospace Power (600893.SH) and Aerospace Electric (002025.SZ) achieved profitability but saw a decline in net profit compared to the previous year [6]. - North Navigation (600435.SH) turned a profit, expecting a net profit of 105 million to 120 million yuan in the first half of 2025 [7]. Group 3: Industry Challenges - Many companies in the low-altitude economy sector, particularly those in the aviation industry and low-altitude mainframe manufacturers, reported losses [5][8]. - The losses were attributed to various factors, including market environment impacts, product transformation challenges, and increased operational costs [9]. - Despite ongoing losses, some companies like Chuan University Zhisheng (002253.SZ) are actively pursuing low-altitude economy projects, indicating a commitment to future growth [9].

Performance Forecast - The company expects a net loss of between 15 million to 30 million yuan for the current reporting period, compared to a profit of 39.32 million yuan in the same period last year, indicating a decline of 138.15% to 176.3% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 20 million to 40 million yuan, down from 36.53 million yuan last year, reflecting a decrease of 154.75% to 209.5% [1] - Basic earnings per share are anticipated to be a loss of 0.02 to 0.04 yuan per share, compared to earnings of 0.06 yuan per share in the previous year [1] Reasons for Performance Change - The public communication sector is experiencing a slight decline in revenue due to intensified industry competition, along with a decrease in gross profit margin [1] - The private network communication and smart application sectors are seeing a reduction in revenue as the company actively cuts back on inefficient businesses with long payment cycles [1] - The smart manufacturing sector is facing a slight revenue decline due to specific customer demand cycles, alongside increased costs from rising precious metal prices and investments in technological innovation [1] Strategic Adjustments - The company plans to dynamically adjust and optimize management measures, accelerate breakthroughs in new technologies, and explore new markets [2] - There will be a focus on strengthening cost and expense management to enhance market competitiveness and profitability [2]

[CETC Potevio Science and Technology Co., Ltd. 2025 H1 Earnings Forecast Analysis](index=1&type=section&id=%E4%B8%AD%E7%94%B5%E7%A7%91%E6%99%AE%E5%A4%A9%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Core Earnings Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant shift from profit to loss in H1 2025 compared to the prior year H1 2025 Key Performance Indicators Forecast | Item | Current Period (2025 H1) | Prior Year Period (2024 H1) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: CNY 15 million - 30 million | Profit: CNY 39.32 million | Decline: 138.15% - 176.3% | | **Net Profit After Non-recurring Items** | Loss: CNY 20 million - 40 million | Profit: CNY 36.53 million | Decline: 154.75% - 209.5% | | **Basic Earnings Per Share (EPS)** | Loss: CNY 0.02/share - 0.04/share | Profit: CNY 0.06/share | - | [Audit Status](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The preliminary financial data in this earnings forecast has not yet been audited by a certified public accountant - The relevant financial data in this earnings forecast has **not been audited** by a certified public accountant[3](index=3&type=chunk) [Performance Fluctuation Analysis and Outlook](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Performance decline is attributed to broad challenges across all business segments, with countermeasures planned [Reasons for Performance Decline](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The loss stems from a combination of intensified competition, strategic business adjustments, and rising costs - Pressure across all business segments contributed to the overall loss[4](index=4&type=chunk): - **Public Network Communications**: Experienced declines in both revenue and gross margin due to intensified competition - **Private Network Communications and Smart Applications**: Revenue decreased due to a strategic scale-back of inefficient businesses with long collection cycles - **Intelligent Manufacturing**: Faced a slight revenue drop from cyclical demand and a lower gross margin due to increased costs from R&D, restructuring, and raw materials [Future Countermeasures](index=2&type=section&id=%E6%9C%AA%E6%9D%A5%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company will focus on technological innovation, market expansion, and cost control to improve profitability - The company plans to implement the following measures to enhance market competitiveness and profitability[5](index=5&type=chunk): - Dynamically adjust and optimize management and control measures - **Accelerate new technology breakthroughs** and new market development - **Strengthen cost and expense control** [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) Investors are advised that these preliminary figures are subject to change pending the final audited H1 2025 report - This earnings forecast is a preliminary estimate; **final data will be disclosed in the official 2025 semi-annual report**[6](index=6&type=chunk)

Core Viewpoint - Puxian Technology (002544) announced an expected net profit loss of 15 million to 30 million yuan in the first half of 2025, representing a year-on-year decline of 138.15% to 176.3% [1] Financial Summary - The projected net profit loss for the first half of 2025 is between 15 million and 30 million yuan [1] - This loss indicates a significant decline compared to the previous year, with a decrease of 138.15% to 176.3% [1]

Company Overview - China Electronics PuTian Technology Co., Ltd. (PuTian Technology) is a high-tech enterprise specializing in public network communication, private network communication, smart applications, and intelligent manufacturing. It was listed on the Shenzhen Stock Exchange on January 28, 2011, with a registered capital of 680 million CNY [3]. Strategic Partnerships - In June 2025, PuTian Technology signed a strategic cooperation agreement with Helios Starlink (Shenzhen) and Beijing Yixin Technology at the Zhijiang Laboratory, establishing a joint R&D center to integrate technological advantages and participate in the national satellite internet strategy [3][4]. Data Governance Initiatives - The company is focused on developing a core capability platform in data governance, covering data integration, governance, development, sharing services, security, and operations. This aims to achieve precise alignment with intelligent-driven scenarios and promote innovation in the AI sector [3]. Satellite Internet Development - PuTian Technology is actively pursuing satellite internet as a strategic direction, having established a joint laboratory with Xidian ISN for research and talent development in integrated information networks. The company is accelerating the development of low-orbit satellite communication products and enhancing its capabilities in satellite-related equipment manufacturing [4]. Emergency Communication Solutions - The company offers three main emergency communication solutions: 1. **Narrowband Wireless Communication Network**: Utilizes 370 MHz emergency frequency for seamless coverage across command levels, enhancing disaster response capabilities [5]. 2. **Emergency Satellite Communication Network**: Provides flexible configurations for long-distance information transmission, especially when ground networks are compromised [5]. 3. **TianTong and Beidou Fusion Communication**: Supports dual communication modes for indoor and outdoor scenarios, improving emergency response efficiency [6]. Capital Operation Planning - PuTian Technology aims for high-quality development through both internal and external growth strategies, focusing on capital-driven initiatives to enhance industrial innovation and core capabilities [6].

Summary of Puhua Technology Conference Call Industry and Company Overview - **Company**: Puhua Technology - **Industry**: Satellite Internet and Space Computing Key Points and Arguments 1. **Strategic Partnerships**: Puhua Technology is actively collaborating with China Star Network and Yingxin to cover satellite construction, system integration, terminals, and ground testing services, aiming to seize opportunities in integrated air-space development and explore business upgrades from 5G to 6G [2][3] 2. **Research and Development**: The company has established a joint R&D center with Hanxuan Guanglian and Yixin to enhance laser and microwave composite technologies, focusing on high-speed transmission between satellites and ground, and exploring market-oriented allocation of space resources [2][5] 3. **Low Earth Orbit Satellite Applications**: Puhua Technology is concentrating on low Earth orbit satellite applications, providing emergency communication and dedicated narrowband solutions, and has launched 12 satellites with ongoing technological iterations [2][7] 4. **Terminal Technology Development**: The company has developed a prototype terminal that directly connects to satellites and is conducting validation tests to meet future customized business needs [2][8] 5. **PCB Board Demand Growth**: There is a significant increase in orders for special PCB boards driven by military and aerospace demand, with expectations for continued growth over the next five years [2][9] 6. **Public Network Communication Business**: The company is optimizing its public network communication business layout, collaborating with China Mobile to expand into 5G and vehicle networking sectors, benefiting from overseas 5G construction [4][11] 7. **Data Governance Initiatives**: Puhua Technology is developing a data governance platform and services, having successfully implemented solutions in market regulatory agencies and actively engaging with national data authorities [4][15] 8. **Emergency Communication Sector**: The company has made significant strides in the emergency sector, focusing on consulting, emergency communication products, and safety supervision platform construction [4][13] 9. **International Business Growth**: The rapid growth in international business revenue is attributed to expanded partnerships and the early stages of local digitalization and 5G network construction [4][12] 10. **Future Opportunities**: The company sees significant development opportunities in satellite internet and space computing, driven by emerging technologies that will enhance its market influence [4][18] Additional Important Content - **Technological Integration**: Puhua Technology is integrating laser and microwave communication technologies to improve transmission rates and stability while reducing equipment weight [6] - **Focus on National Trends**: The company is aligning its strategies with national trends in integrated air-space development and is exploring future operational models in the space sector [3][6] - **Investment and Capital Operations**: The company plans to expand in the information communication field and smart manufacturing, emphasizing the role of the listed company platform in capital operations [4][17]