Core Viewpoint - A-shares showed a collective rise in major indices, with strong performance in sectors like consumer electronics and optical modules, while some high-position stocks experienced significant declines [2][3]. Market Performance - As of the midday close, the Shanghai Composite Index rose by 0.49%, the Shenzhen Component Index increased by 0.38%, and the ChiNext Index gained 0.56% [2][3]. - The total market turnover was 1.1 trillion CNY, slightly lower than the previous day, with over 3,300 stocks rising [3]. Sector Performance - The electronic, beauty care, light industry manufacturing, and communication sectors performed well, with notable activity in consumer electronics, HBM, optical modules, and lithium battery concept stocks [3]. - The optical module sector continued to strengthen, with stocks like Tongyu Communication and Cambridge Technology hitting their daily limit [12][13]. Individual Stock Highlights - In the electronic sector, stocks such as Lian De Equipment and Saiwei Electronics reached their daily limit, with increases of 20.01% and 18.48% respectively [8][9]. - The new consumption concept stocks in the Hong Kong market also saw gains, with Pop Mart rising nearly 10% [10]. Policy Impact - A recent implementation plan from six departments, including the Ministry of Industry and Information Technology, aims to enhance the adaptability of supply and demand in consumer goods, promoting AI integration and smart product development [8].

通宇通讯所属申万行业为：通信-通信设备-通信网络设备及器件。所属概念板块包括：5.5G概念、一带 一路、融资融券、储能、虚拟电厂等。 11月26日，通宇通讯盘中上涨2.06%，截至13:51，报19.85元/股，成交8.42亿元，换手率12.91%，总市 值104.20亿元。 资金流向方面，主力资金净流出6326.25万元，特大单买入4109.23万元，占比4.88%，卖出9618.56万 元，占比11.43%；大单买入1.65亿元，占比19.55%，卖出1.73亿元，占比20.52%。 通宇通讯今年以来股价涨33.63%，近5个交易日涨13.23%，近20日涨2.32%，近60日涨7.12%。 资料显示，广东通宇通讯股份有限公司位于广东省中山市火炬开发区东镇东二路1号，成立日期1996年 12月16日，上市日期2016年3月28日，公司主营业务涉及从事基站天线,微波天线,射频器件,光模块产品 及能源换电柜,充电柜产品的研发、生产及销售。主营业务收入构成为：基站天线57.09%，微波天线 22.39%，射频器件12.77%，卫星通讯4.90%，其他2.18%，光模块0.67%。 截至9月30日，通宇通讯股东户 ...

Company Overview - The company is a leading enterprise in the field of communication antennas and RF devices, focusing on the R&D, production, and sales of base station antennas, RF devices, and microwave antennas, serving major mobile communication operators and equipment integrators globally [2][3]. Business Development - The company has established a comprehensive product layout covering the entire chain of satellite communication, including satellite communication payloads, ground station terminals, and terminal applications [3][7]. - As of June 2025, the company holds over 700 authorized patents in the RF communication field, covering various types including international, invention, and utility models [3]. Strategic Investments - The company has invested a total of 120 million yuan in the aerospace industry fund, with 20 million yuan already invested in Shanghai Jingji Communication Technology Co., Ltd. and plans to invest 100 million yuan in Beijing Lingkong Tianxing Technology Co., Ltd. [4][5]. - The strategic investments aim to strengthen the company's position in key upstream components and communication payloads within the satellite communication industry [5][6]. Market Expansion - The company's overseas business has become a core driver of revenue growth, with overseas revenue surpassing domestic revenue for the first time in the first half of the year [8]. - The company is actively expanding into high-end markets in Europe and North America, leveraging partnerships with strategic clients like Ericsson and Nokia [8]. Industry Trends - The development of satellite internet is a key component of national new infrastructure, aiming to address communication coverage gaps and meet emergency communication needs [6][7]. - The government has set a target of exceeding 10 million satellite communication users by 2030, providing a solid foundation for commercial operations in the industry [6].

Core Insights - The WiFi 6 concept stock increased by 2.84%, ranking 8th among concept sectors, with 54 stocks rising, including notable gains from Ruisi Kanda, Oulutong, and Tongyu Communication [1][2] - The sector saw a net inflow of 515 million yuan from main funds, with 31 stocks receiving net inflows, and five stocks exceeding 50 million yuan in net inflow, led by Jingchen Co. with 217 million yuan [2][3] Group 1: Stock Performance - Ruisi Kanda achieved a maximum increase of 10.02%, while Oulutong and Tongyu Communication rose by 15.46% and 7.04% respectively [1][3] - The top three stocks by net inflow were Jingchen Co. (217 million yuan), Oulutong (171 million yuan), and Tongyu Communication (122 million yuan) [2][3] Group 2: Fund Flow Ratios - Ruisi Kanda had the highest net inflow ratio at 25.18%, followed by Yiwei Communication at 12.93% and Ruijie Network at 9.96% [3][4] - The overall fund inflow for the WiFi 6 concept was significant, indicating strong investor interest in this sector [2][3] Group 3: Comparative Sector Performance - The F5G concept led the market with a 4.52% increase, while the WiFi 6 concept followed closely with a 2.84% rise [2] - In contrast, sectors such as the military equipment restructuring concept and poultry farming experienced declines of -0.36% and -0.03% respectively [2]

Group 1 - The core point of the news is the performance and market position of Tongyu Communication, which saw a stock price increase of 5.23% to 19.12 CNY per share, with a trading volume of 278 million CNY and a market capitalization of 10.037 billion CNY [1] - Tongyu Communication, established on December 16, 1996, and listed on March 28, 2016, specializes in the research, production, and sales of base station antennas, microwave antennas, RF devices, optical modules, and energy exchange cabinets [1] - The revenue composition of Tongyu Communication includes base station antennas (57.09%), microwave antennas (22.39%), RF devices (12.77%), satellite communications (4.90%), other (2.18%), and optical modules (0.67%) [1] Group 2 - The top circulating shareholder of Tongyu Communication is the Guotai Fund, which has recently entered the top ten shareholders with its Guotai CSI Communication Equipment ETF (515880), holding 1.5677 million shares, representing 0.47% of the circulating shares [2] - The Guotai CSI Communication Equipment ETF (515880) was established on August 16, 2019, with a current scale of 11.552 billion CNY, achieving a year-to-date return of 77.84% and a one-year return of 80.75% [2] - The fund manager of Guotai CSI Communication Equipment ETF is Ai Xiaojun, who has a tenure of 11 years and 320 days, with the fund's total asset scale at 169.029 billion CNY [3]

证券代码：002792 证券简称：通宇通讯 公告编号：2025-078 公司于 2025 年 11 月 1 日披露了《关于与专业投资机构共同投资的进展公 告》，经合伙人会议决议，合伙企业的出资额由人民币 5,010 万元变更为 20,010 万元，新增出资人民币 15,000 万元。为进一步深化公司卫星通信发展战略，优 化投资结构，提升投资价值，公司作为有限合伙人以自有资金新增认缴合伙企业 出资额 15,000 万元。 一、本次对外投资概述 为推动公司战略实施，借助专业投资机构的行业经验和资源优势，加速卫星 通信产业布局，提高资本运作效益，提升综合竞争实力，广东通宇通讯股份有限 公司（以下简称"公司"或"通宇通讯"）与广东华真私募基金管理有限公司（以下 简称"华真资本"）签署《广东通宇华真空天产业基金合伙企业（有限合伙）之合 伙协议》，共同设立"广东通宇华真空天产业基金合伙企业（有限合伙）"（以 下简称"合伙企业"或"基金"）。本基金重点对商业航天、卫星通信、先进制造业 等领域进行投资，本基金首期已出资 2,000 万元投资上海京济通信技术有限公司。 公司作为有限合伙人以自有资金认缴合伙企业出资额 5,000 ...

法律意见 上海中联（广州）律师事务所 关于广东通宇通讯股份有限公司 2025 年第四次临时股东会的 法律意见 广州市天河区天河路 383 号太古汇写字楼一座 21 楼 电话: 020-81888869 传真:020-85200809 邮编: 510620 关于广东通宇通讯股份有限公司 上海中联（广州）律师事务所 2025 年第四次临时股东会的法律意见 上海中联（广州）律师事务所 关于广东通宇通讯股份有限公司 2025 年第四次临时股东会的 2025GZ 意见 0422 号 致：广东通宇通讯股份有限公司 上海中联（广州）律师事务所（以下简称"本所"）接受广东通宇通讯股份 有限公司（以下简称"公司"）委托，指派律师列席公司 2025 年第四次临时股 东会（以下简称"本次股东会"），对本次股东会的召开进行见证。 本所根据《中华人民共和国公司法》（以下简称"《公司法》"）、中国证 券监督管理委员会《上市公司股东会规则》（以下简称"《股东会规则》"）、 《律师事务所从事证券法律业务管理办法》等中国现行法律、部门规章以及《广 东通宇通讯股份有限公司章程》（以下简称"《公司章程》"）和《广东通宇通 讯股份有限公司股东会议事 ...

证券代码：002792 证券简称：通宇通讯 公告编号：2025-077 广东通宇通讯股份有限公司 2025 年第四次临时股东会决议公告 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。 特别提示： 1、本次股东会无否决议案或修改议案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开基本情况 1、召开时间： （1）现场会议时间：2025 年 11 月 20 日（星期四）14:30。 （2）网络投票时间：2025 年 11 月 20 日（星期四）。 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 11 月 20 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票 系统投票的时间为 2025 年 11 月 20 日 9:15 至 15:00 期间的任意时间。 2、召开地点：广东省中山市火炬开发区东镇东二路 1 号公司会议室 3、召开方式：现场表决与网络投票相结合的方式 4、召集人：公司董事会 5、主持人：吴中林 6、本次股东会的召集、召开符合《中华人民共和国公司法》《中华人民 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][8] Core Views - The company is positioned to benefit from the growth of the satellite internet industry, with significant investments and partnerships enhancing its capabilities [5][8] - The company has a strong foundation in traditional cellular network infrastructure and is now integrating into global satellite internet constellations, which may lead to substantial revenue growth [8] - The report highlights the company's involvement in multiple satellite internet initiatives and its compatibility with existing satellite systems, indicating a strategic advantage [5][6] Summary by Sections Market Performance - The company's stock has shown a relative performance against the CSI 300 index, with a noted decline of 34% over the specified period [3] Financial Data and Forecast - The company is projected to achieve revenues of 1,599 million, 1,968 million, and 2,326 million yuan for the years 2025, 2026, and 2027 respectively, with corresponding net profits of 121 million, 148 million, and 217 million yuan [7][9] - The earnings per share (EPS) are expected to rise from 0.23 yuan in 2025 to 0.41 yuan in 2027, reflecting a positive growth trajectory [8][9] - The gross margin is anticipated to improve from 22.2% in 2024 to 27.0% by 2027, indicating enhanced operational efficiency [9] Investment Insights - The company is actively participating in the development of low Earth orbit (LEO) satellite constellations, which is expected to drive long-term value creation [5][8] - The report emphasizes the potential for the company to capitalize on the increasing demand for satellite internet services, particularly as it aligns with major industry players and technological advancements [6][8]

Group 1 - The core point of the news is that Tongyu Communication's stock price increased by 5.25% to 18.45 CNY per share, with a trading volume of 250 million CNY and a turnover rate of 4.22%, resulting in a total market capitalization of 9.685 billion CNY [1] - Tongyu Communication, established on December 16, 1996, and listed on March 28, 2016, specializes in the research, production, and sales of base station antennas, microwave antennas, RF devices, optical modules, and energy exchange cabinets [1] - The company's main business revenue composition includes base station antennas (57.09%), microwave antennas (22.39%), RF devices (12.77%), satellite communications (4.90%), other (2.18%), and optical modules (0.67%) [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund's ETF, Guotai Zhongzheng All Index Communication Equipment ETF (515880), entered the top ten shareholders in the third quarter, holding 1.5677 million shares, accounting for 0.47% of circulating shares, with an estimated floating profit of approximately 1.4423 million CNY [2] - The Guotai Zhongzheng All Index Communication Equipment ETF (515880) was established on August 16, 2019, with a latest scale of 11.552 billion CNY, achieving a year-to-date return of 89.51% and ranking 3rd out of 4208 in its category [2] - The fund manager of the ETF is Ai Xiaojun, who has a cumulative tenure of 11 years and 315 days, with the fund's total asset scale at 169.029 billion CNY and the best fund return during his tenure being 259.2% [3]