Core Insights - The aerospace equipment sector experienced a slight increase of 0.24% on November 27, with Zhongtian Rocket leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Stock Performance - Zhongtian Rocket (003009) saw a significant rise of 10.00%, closing at 58.83, with a trading volume of 109,100 shares and a transaction value of 614 million [1] - Aerospace Electronics (600879) increased by 0.85%, closing at 10.72, with a trading volume of 608,400 shares and a transaction value of 64.5 million [1] - China Satellite (600118) rose by 0.22%, closing at 41.80, with a trading volume of 358,500 shares and a transaction value of 149.1 million [1] - Other stocks in the sector showed mixed results, with some experiencing declines, such as Aerospace Huanyu (688523), which fell by 5.09% [1] Capital Flow - The aerospace equipment sector saw a net inflow of 101 million from institutional investors, while retail investors experienced a net outflow of 135 million [1] - Retail investors contributed a net inflow of approximately 34 million [1] - The detailed capital flow for individual stocks indicates varying levels of institutional and retail investor activity, with Zhongtian Rocket attracting significant institutional interest [2]

Core Points - StarNet Yuda announced the appointment of a new auditing firm for the fiscal year 2025, hiring Lixin Certified Public Accountants for a one-year term [2] - The company will hold its fifth board meeting and annual shareholders' meeting on April 25 and May 19, 2025, respectively, to review the appointment of the auditing firm [2] - Due to internal adjustments at Lixin, a new signing partner, Zheng Fei, will replace Li Fuxing for the 2025 audit project, while Zhou Langer remains the signing CPA and Feng Wanqi serves as the quality control reviewer [2]

Core Viewpoint - The aerospace equipment sector experienced a decline of 2.21% on November 26, with Newyu Guoke leading the drop. The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index rose by 1.02% to 12907.83 [1]. Group 1: Market Performance - The aerospace equipment sector's stocks showed varied performance, with significant declines in several key companies, including: - China 19 Communications: closed at 20.49, down 1.77% - Xingwang Yuda: closed at 26.76, down 2.05% - China Satellite: closed at 41.71, down 2.11% - Aerospace Electronics: closed at 10.63, down 2.39% - Ligong Navigation: closed at 48.19, down 2.67% - Aerospace Huayu: closed at 33.40, down 3.13% - Zhongtian Rocket: closed at 53.48, down 3.55% - Newyu Guoke: closed at 33.47, down 4.29% [1]. Group 2: Capital Flow - The aerospace equipment sector saw a net outflow of 422 million yuan from institutional investors, while retail investors contributed a net inflow of 314 million yuan. The breakdown of capital flow for individual stocks is as follows: - Ligong Navigation: net inflow of 1.57 million yuan from institutions, but a net outflow of 3.08 million yuan from retail investors - Xingwang Yuda: net outflow of 5.73 million yuan from institutions, with a net inflow of 9.17 million yuan from retail investors - Aerospace Electronics: net outflow of 16.33 million yuan from institutions, with a net inflow of 17.05 million yuan from retail investors - Newyu Guoke: net outflow of 47.06 million yuan from institutions, with a net inflow of 55.23 million yuan from retail investors - Zhongtian Rocket: net outflow of 54.23 million yuan from institutions, with a net inflow of 67.19 million yuan from retail investors - Aerospace Huayu: net outflow of 59.30 million yuan from institutions, with a net inflow of 54.33 million yuan from retail investors - China 19 Communications: net outflow of 79.76 million yuan from institutions, with a net inflow of 48.91 million yuan from retail investors - China Satellite: net outflow of 162 million yuan from institutions, with a net inflow of 95.84 million yuan from retail investors [2].

证券代码：002829 证券简称：星网宇达 公告编号：2025-085 北京星网宇达科技股份有限公司 关于变更签字合伙人的公告 本公司及全体董事会成员保证公告内容真实、准确和完整，不存在虚假记载、误导性 陈述或重大遗漏。 二、变更后签字合伙人信息 （一）基本情况 签字合伙人郑飞，中国注册会计师。2013 年起开始在立信执业，有证券服 务业务从业经验，近三年已参与十一家上市公司年报审计工作，2025 年开始为 公司提供审计服务。 （二）诚信记录 郑飞近三年未因执业行为受到刑事处罚、行政处罚，未受到证券监督管理 机构的监督管理措施或证券交易所、行业协会等自律组织的自律监管措施、纪 律处分。 （三）独立性 郑飞不存在可能影响公司独立性的情形。 三、其他情况说明 北京星网宇达科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 25 日、2025 年 5 月 19 日召开了第五届董事会第五次会议及 2024 年年度股东大 会，审议通过了《关于续聘 2025 年度审计机构的议案》，同意聘任立信会计师 事务所（特殊普通合伙）（以下简称"立信"）为公司 2025 年度审计机构，聘期 一年。详细内容请查阅公司于 ...

Core Insights - The satellite communication industry in China is entering a golden development period, driven by policy support, technological advancements, and increasing demand, with a market potential exceeding trillions [2][3] - The Ministry of Industry and Information Technology has set a target of over 10 million satellite communication users by 2030, promoting new business models such as direct satellite connectivity for mobile phones [1][2] - StarNet Yuda is positioned as a key player in the industry, leveraging its "technology + products + experience" advantages to provide comprehensive communication solutions across various domains [1][4] Industry Overview - Satellite communication is recognized as a strategic infrastructure supporting the digital economy, with its importance growing in national security and global competition [2] - A robust policy framework has been established to support the industry, including the promotion of low-orbit satellite internet and innovative terminal device connectivity [2][3] - The market for satellite communication equipment in China is projected to reach 66.34 billion yuan by 2025, with the global market expected to grow to 728.88 billion yuan by 2032, reflecting a compound annual growth rate of 17.32% [3] Company Positioning - StarNet Yuda has built a competitive edge through its unique technological capabilities, product offerings, and industry experience, establishing high barriers to entry [4][6] - The company has developed a complete product chain from core components to terminal devices and system-level solutions, enabling it to provide one-stop services [5] - StarNet Yuda's long-standing experience in defense and military sectors has created a strong trust barrier, allowing it to adapt quickly to civilian market needs [6] Application Expansion - The company is expanding its applications from traditional sectors like maritime and aviation to consumer markets, industrial interconnectivity, and emergency response [3][7] - In the consumer sector, StarNet Yuda's solutions are addressing connectivity challenges in remote areas, supporting rural revitalization and disaster response [7] - The company's technology is also facilitating digital transformation in industries such as smart transportation, logistics, and energy, providing stable data transmission and remote control capabilities [7][8] Future Outlook - StarNet Yuda aims to capitalize on the booming satellite communication market by focusing on technological innovation and application scenarios [9] - The company plans to enhance its product performance and cost competitiveness while expanding its presence in emerging fields like vehicle networking and satellite IoT [9] - With the support of national strategies, StarNet Yuda is transitioning from a device supplier to a solution provider, aiming for global market expansion [9]

Core Insights - The aerospace equipment sector experienced a slight increase of 0.32% on November 25, with Aerospace Hanyu leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Sector Performance - Aerospace Hanyu (688523) saw a significant rise of 15.82%, closing at 34.48, with a trading volume of 388,400 shares and a transaction value of 1.29 billion [1] - China Satellite (600118) increased by 1.16%, closing at 42.61, with a trading volume of 607,300 shares and a transaction value of 2.61 billion [1] - Zhongtian Rocket (003009) rose by 0.64%, closing at 55.45, with a trading volume of 145,300 shares and a transaction value of 810 million [1] - StarNet Yuda (002829) and China Telecom (601698) had minimal increases of 0.15% and 0.10%, respectively [1] - Aerospace Electronics (600879) decreased slightly by 0.09%, while Xinyu Guoke (300722) fell by 3.37% and 3.47%, respectively [1] Capital Flow - The aerospace equipment sector experienced a net outflow of 91.19 million from institutional investors, while retail investors saw a net inflow of 74.52 million [1] - China Satellite had a net inflow of 45.91 million from institutional investors, while Aerospace Hanyu had a net inflow of 43.61 million [2] - Other companies like Zhongtian Rocket and Aerospace Electronics faced significant net outflows of 46.68 million and 53.24 million, respectively [2]

Core Viewpoint - The company, Xingwang Yuda, reported that as of November 10, 2025, it has a total of 31,032 shareholders [1] Group 1 - The company has engaged with investors through an interactive platform [1] - The reported number of shareholders indicates a potential growth in investor interest [1]

Core Insights - The aerospace equipment sector experienced a decline of 2.92% on November 18, with Xingwang Yuda leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - The following stocks in the aerospace equipment sector showed notable declines: - Ligong Navigation: Closed at 49.98, down 0.81% with a trading volume of 5480.92 lots and a transaction amount of 27.51 million [1] - Aerospace Electronics: Closed at 10.74, down 2.01% with a trading volume of 530,500 lots and a transaction amount of 5.69 billion [1] - China Wontong: Closed at 20.90, down 2.88% with a trading volume of 382,800 lots and a transaction amount of 803 million [1] - Aerospace Huayu: Closed at 27.10, down 3.28% with a trading volume of 95,400 lots and a transaction amount of 257 million [1] - Xinyu Guoke: Closed at 31.16, down 3.50% with a trading volume of 77,000 lots and a transaction amount of 241 million [1] - China Inner Star: Closed at 41.35, down 3.52% with a trading volume of 405,900 lots and a transaction amount of 1.685 billion [1] - Zhongtian Rocket: Closed at 48.88, down 3.55% with a trading volume of 36,000 lots and a transaction amount of 178 million [1] - Xingwang Yuda: Closed at 27.28, down 3.98% with a trading volume of 156,000 lots and a transaction amount of 426 million [1] Capital Flow - The aerospace equipment sector saw a net outflow of 467 million from main funds, while retail investors contributed a net inflow of 373 million [1] - The following details highlight the capital flow for specific stocks: - Ligong Navigation: Main funds net outflow of 1.11 million, retail net inflow of 585,900 [2] - Aerospace Huanyu: Main funds net outflow of 7.15 million, retail net inflow of 5.68 million [2] - Xinyu Guoke: Main funds net outflow of 24.44 million, retail net inflow of 31.73 million [2] - Zhongtian Rocket: Main funds net outflow of 33.60 million, retail net inflow of 35.37 million [2] - Xingwang Yuda: Main funds net outflow of 50.94 million, retail net inflow of 45.52 million [2] - Aerospace Electronics: Main funds net outflow of 53.62 million, retail net inflow of 39.86 million [2] - China Wontong: Main funds net outflow of 106 million, retail net inflow of 90.14 million [2] - China Satellite: Main funds net outflow of 191 million, retail net inflow of 124 million [2]

每经AI快讯，11月18日，卫星导航指数盘中跌超2%，成分股多数下跌。其中，航天智装下跌8.16%，上 海沪工下跌7.36%，晨曦航空下跌6.77%，航天环宇下跌5.60%，星网宇达下跌5.24%。 （文章来源：每日经济新闻） ...

Core Points - StarNet Yuda's stock price dropped by 5.03% to 26.98 CNY per share, with a trading volume of 163 million CNY and a turnover rate of 4.07%, resulting in a total market capitalization of 5.607 billion CNY [1] Company Overview - StarNet Yuda Technology Co., Ltd. was established on May 20, 2005, and went public on December 13, 2016. The company is located in Beijing Economic and Technological Development Zone [1] - The main business involves the development and application of inertial technology, focusing on the research, production, and sales of inertial navigation, measurement, and stabilization products. It provides high-dynamic perception and control services for various sectors including aviation, aerospace, marine, electronics, oil, surveying, transportation, and communications [1] - The revenue composition of the main business includes: Unmanned Systems 45.41%, Information Perception 35.18%, Satellite Communication 16.91%, and Others 2.49% [1] Shareholder Information - Among the top ten circulating shareholders, one fund from Huaxia Fund holds a significant position. Huaxia Industry Prosperity Mixed A (003567) increased its holdings by 474,200 shares in the third quarter, totaling 3.9254 million shares, which accounts for 2.69% of the circulating shares. The estimated floating loss today is approximately 5.6133 million CNY [2] - Huaxia Industry Prosperity Mixed A (003567) was established on February 4, 2017, with a latest scale of 8.972 billion CNY. Year-to-date returns are 51.91%, ranking 785 out of 8140 in its category; the one-year return is 50.5%, ranking 762 out of 8057; and since inception, the return is 366.23% [2] Fund Management - The fund manager of Huaxia Industry Prosperity Mixed A is Zhong Shuai, who has been in the position for 5 years and 115 days. The total asset scale of the fund is 13.26 billion CNY, with the best fund return during his tenure being 172.61% and the worst being -4.15% [3]