Core Insights - Tongyu Communication has signed a partnership agreement with Guangdong Huazhen Private Fund Management Co., Ltd. to establish the "Guangdong Tongyu Huazhen Aerospace Industry Fund Partnership" focusing on investments in commercial aerospace, satellite communications, and advanced manufacturing [1] - The initial investment of the fund is set at 20 million RMB, with Tongyu Communication contributing 5 million RMB as a limited partner [1] - The partnership has recently decided to increase the fund's total investment from 5.01 million RMB to 20.01 million RMB, adding an additional 15 million RMB to enhance the company's satellite communication development strategy [1]

Core Viewpoint - Tongyu Communication announced an increase in its partnership investment from RMB 50.1 million to RMB 200 million, with an additional contribution of RMB 150 million to enhance its satellite communication development strategy and optimize investment structure [1] Group 1: Investment Details - The partnership's capital contribution has been changed to RMB 200 million, with an increase of RMB 150 million [1] - The company will act as a limited partner, contributing RMB 150 million from its own funds [1] Group 2: Strategic Focus - The newly established "Guangdong Tongyu Huazhen Aerospace Industry Fund Partnership (Limited Partnership)" will focus on investments in commercial aerospace and satellite communication sectors [1]

广东通宇通讯股份有限公司 关于与专业投资机构共同投资的进展公告 证券代码：002792 证券简称：通宇通讯 公告编号：2025-076 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、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 万元。具体内容详见 公司于 2025 年 1 月 17 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于与专 业投资机构共同投资的公告》。 二、与专业投资机构共同投资的进展 ...

Core Viewpoint - Tongyu Communication (002792.SH) has increased its partnership investment from RMB 50.1 million to RMB 200 million, adding RMB 150 million to further its satellite communication development strategy and optimize its investment structure [1] Investment Strategy - The company, as a limited partner, has committed an additional RMB 150 million to the partnership, which is focused on investments in commercial aerospace and satellite communication sectors [1] - This additional investment is aimed at deepening the company's satellite communication development strategy and enhancing investment value [1] Business Development - The new capital injection will allow the company to continue acquiring quality assets and strengthen its presence in the satellite communication industry [1] - The move is expected to promote the sustainable high-quality development of the company's satellite communication business [1]

Core Insights - Tongyu Communication is a leading domestic supplier of communication antennas and RF devices, established in December 1996 and listed on the Shenzhen Stock Exchange in March 2016 [1] Group 1: Business Performance - For Q3 2025, Tongyu Communication reported revenue of 815 million yuan, ranking 24th in the industry, significantly lower than the top player ZTE's 100.52 billion yuan and the second player Zhongji Xuchuang's 25.005 billion yuan [2] - The main business composition includes base station antennas at 304 million yuan (57.09%) and microwave antennas at 119 million yuan (22.39%) [2] - The net profit for the same period was 25.2837 million yuan, also ranking 24th in the industry, far behind Zhongji Xuchuang's 7.57 billion yuan and Xinyi Sheng's 6.327 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 19.75%, down from 21.21% year-on-year, and significantly lower than the industry average of 38.12%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 22.39%, down from 25.39% year-on-year and below the industry average of 30.08%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - Chairman Wu Zhonglin's salary decreased from 1.3495 million yuan in 2023 to 849,800 yuan in 2024, a reduction of 499,700 yuan [4] - General Manager Shi Guiqing's salary decreased slightly from 654,800 yuan in 2023 to 644,600 yuan in 2024, a reduction of 10,200 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders remained unchanged at 53,800, with an average holding of 6,201.48 circulating A-shares [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked fifth with 2.701 million shares, an increase of 609,600 shares from the previous period [5]

Core Points - Tongyu Communication announced the sale of idle factory buildings and land use rights for 31.88 million yuan to Zhongshan Meiteng Machinery Equipment Co., Ltd, aiming to revitalize idle assets and optimize asset structure, with an expected net profit increase of approximately 21 million yuan for shareholders [2] - The transaction involves clear ownership rights with no encumbrances, and the land use rights cover an area of 10,332.7 square meters, with a termination date of November 19, 2043 [2] Financial Summary - The assessed value of the assets, including buildings and land use rights, totals 28.76 million yuan, with an overall appraisal appreciation rate of 2,191.99% [3] - The original book value of the buildings is 1,190.78 thousand yuan, with accumulated depreciation of 1,108.37 thousand yuan, resulting in a net book value of 82.41 thousand yuan and an assessed value of 1,564.20 thousand yuan [3] - The land use rights have an original book value of 170.91 thousand yuan, with accumulated depreciation of 127.82 thousand yuan, leading to a net book value of 43.09 thousand yuan and an assessed value of 1,312.25 thousand yuan [3]

Core Viewpoint - The optical module (CPO) index experienced a decline of 3% during intraday trading, with most constituent stocks showing a downward trend [1] Group 1: Stock Performance - Tianfu Communication saw a significant drop of 10.98% [1] - Dekoli, New Yisheng, Guangku Technology, and Tongyu Communication also reported declines of 8.92%, 6.42%, 5.27%, and 4.48% respectively [1]

Core Viewpoint - The company has announced the decision to change the purpose of repurchased shares and to cancel a portion of them, which is aimed at optimizing the capital structure and maintaining shareholder value [22][29]. Financial Data - The third-quarter financial report for 2025 has not been audited [6]. - The company confirms that there are no adjustments or restatements needed for previous accounting data [3]. Shareholder Information - The company plans to cancel 650,500 shares that were previously repurchased but not utilized for employee stock ownership plans or incentive plans [22][29]. - After the cancellation, the total share capital will decrease from 524,933,405 shares to 524,282,905 shares [30]. Board Meeting - The fifth board meeting was held on October 28, 2025, with all nine directors present, and the meeting complied with relevant laws and regulations [8][9]. - The board approved several resolutions, including the third-quarter report and the proposal to change the purpose of repurchased shares [9][12]. Future Procedures - The decision to change the purpose of repurchased shares and cancel them requires approval from the shareholders' meeting and subsequent regulatory filings [32][33].

Company Overview - Tongyu Communication (SZ 002792) announced on October 29 that its 28th meeting of the fifth board of directors was held on October 28, 2025, where the proposal for the fourth extraordinary shareholders' meeting of 2025 was reviewed [1] Financial Performance - For the first half of 2025, the revenue composition of Tongyu Communication was as follows: communication antennas and RF devices accounted for 97.15%, other products accounted for 1.17%, new energy cabinets accounted for 1.01%, and optical communication accounted for 0.67% [1] Market Capitalization - As of the report, Tongyu Communication's market capitalization was 10.2 billion yuan [1]

Core Viewpoint - Tongyu Communication (002792.SZ) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 815 million yuan, a year-on-year decrease of 3.34% [1] - The net profit attributable to shareholders was 25.27 million yuan, reflecting a year-on-year decrease of 50.91% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.60 million yuan, down 93.09% year-on-year [1] - Basic earnings per share were 0.0481 yuan [1]