Market Overview - The aerospace equipment sector experienced a decline of 0.37% on December 2, with Aerospace Hanyu leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Notable stock performances include: - Aerospace Electronics (600879) rose by 3.01% to a closing price of 11.64 [1] - Xingwang Yuda (002829) increased by 1.22% to 28.28 [1] - New Yu Guoke (300722) saw a rise of 0.69% to 33.38 [1] - Aerospace Hanyu (688523) fell by 4.82% to 39.86 [1] - China Satellite (600118) decreased by 1.70% to 42.68 [1] Capital Flow - The aerospace equipment sector had a net inflow of 32.47 million yuan from main funds, while retail funds saw a net inflow of 39.14 million yuan [1] - However, speculative funds experienced a net outflow of 71.61 million yuan [1] Detailed Capital Flow Analysis - Aerospace Electronics (600879) had a main fund net inflow of 1.67 billion yuan, but a net outflow from speculative funds of 81.15 million yuan [2] - Aerospace Hanyu (688523) recorded a main fund net inflow of 183.13 million yuan, with a net outflow from speculative funds of 7.14 million yuan [2] - China Satellite (600118) faced a significant main fund net outflow of 1.30 billion yuan, while retail funds had a net inflow of 104 million yuan [2]

Core Viewpoint - The company, Xingwang Yuda, is actively engaged in the development and production of optical-electronic equipment, showcasing advancements in technology and product applications in both military and civilian sectors [1] Group 1: Product Offerings - The main products of the company include airborne optical-electronic pods, vehicle-mounted/ship-mounted optical turrets, and ship-mounted optical evidence collection systems [1] - The company has developed a general-purpose small high-power servo driver, which features small size, high power, strong versatility, and rich interfaces [1] - The company has also created a specific type of strong light denial device that utilizes advanced optical technology to achieve "soft kill, soft damage" effects, offering significant advantages in size, weight, and operability compared to traditional weapons [1] Group 2: Application Scenarios - The optical-electronic pod products have corresponding application scenarios in both special fields and civilian areas [1] Group 3: Financial Reporting - The company's specific operational conditions are to be verified through its disclosed periodic reports [1]

Group 1 - The company, Xingwang Yuda (002829), reported that as of November 20, 2025, the number of shareholders is 27,112 [1]

Market Performance - The aerospace equipment sector increased by 1.77% on December 1, with Aerospace Hanyu leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Stock Performance - Aerospace Hanyu (688523) closed at 41.88, up 10.09%, with a trading volume of 380,600 shares and a transaction value of 1.576 billion [1] - Aerospace Electronics (600879) closed at 11.30, up 3.01%, with a trading volume of 1,539,400 shares and a transaction value of 174.6 million [1] - China Satellite (601698) closed at 21.36, up 2.94%, with a trading volume of 535,000 shares and a transaction value of 114 million [1] - Other stocks in the sector showed mixed performance, with some experiencing declines [1] Fund Flow Analysis - The aerospace equipment sector saw a net outflow of 160 million from institutional investors, while retail investors had a net inflow of 187 million [1] - Aerospace Hanyu had a net inflow of 92.95 million from institutional investors, but a net outflow of 88.26 million from retail investors [2] - Other stocks like China Satellite and Aerospace Electronics experienced significant net outflows from institutional investors [2]

Core Viewpoint - The aerospace equipment sector experienced a significant increase of 3.06% on November 28, with Aerospace Hanyu leading the gains, reflecting positive market sentiment in this industry [1] Market Performance - The Shanghai Composite Index closed at 3888.6, up 0.34% - The Shenzhen Component Index closed at 12984.08, up 0.85% [1] Individual Stock Performance - Aerospace Hanyu (688523) saw a closing price of 38.04, with a remarkable increase of 20.00% and a trading volume of 354,000 shares, amounting to a transaction value of 1.226 billion yuan - LIGONG Navigation (688282) closed at 55.13, up 15.82% with a trading volume of 28,200 shares - StarNet Yuda (002829) closed at 28.08, up 4.74% with a trading volume of 132,200 shares - China Aerospace (600118) closed at 43.40, up 3.83% with a trading volume of 559,300 shares - Other notable stocks include Zhongtian Rocket (003009) and Aerospace Electronics (600879), which also showed positive performance [1] Capital Flow Analysis - The aerospace equipment sector saw a net inflow of 220 million yuan from institutional investors, while retail investors experienced a net outflow of 135 million yuan - The main stocks with significant capital flow include: - China Aerospace (600118) with a net inflow of 153 million yuan from institutional investors - Aerospace Hanyu (688523) with a net inflow of 84.45 million yuan from institutional investors - Aerospace Electronics (600879) with a net inflow of 27.68 million yuan from institutional investors [2]

Core Viewpoint - The recent surge in A-share market, particularly in sectors like satellite internet, space stations, and commercial aerospace, is driven by significant developments in the commercial space industry and government initiatives aimed at enhancing space infrastructure [1][4]. Group 1: Market Performance - On November 28, the last trading day of the month, sectors such as satellite internet, space stations, and commercial aerospace saw a collective surge, with stocks like Qianzhao Optoelectronics and Leike Defense hitting the daily limit [1]. - Companies like Qianzhao Optoelectronics and Leike Defense are positioned well within the commercial space sector, with Qianzhao being a leading supplier of gallium arsenide solar cells and Leike focusing on satellite applications in defense and national economy [1][2]. Group 2: Government Initiatives - A recent meeting highlighted plans to construct a large-scale data center system in space, aiming to operate over a gigawatt of power in orbits of 700-800 kilometers, which is expected to facilitate the deployment of AI computing capabilities in space [2]. - The data center construction will occur in three phases from 2025 to 2035, focusing on overcoming key technological challenges and reducing operational costs [2]. Group 3: Technological Developments - The launch of China's reusable rocket "Zhuque-3" is anticipated to be a significant milestone, potentially reducing launch costs by 80%-90% and addressing the current bottleneck in satellite internet deployment [3]. - The development of 6G technology is closely linked to satellite internet, aiming to integrate communication with advanced technologies, which is expected to create a commercial ecosystem around satellite internet [3][4]. Group 4: Industry Outlook - The recent policy announcements and the proliferation of satellite constellation plans signal a shift towards a more systematic development of the commercial aerospace sector, aligning with national strategies for building a strong space industry [4]. - The expected growth in commercial space activities is likely to stimulate advancements in related sectors such as aerospace materials and precision manufacturing, fostering new business models in space data services and in-orbit maintenance [4].

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 ...