Core Viewpoint - Zhenxin Technology's stock price has shown fluctuations, with a year-to-date increase of 13.36% and a recent decline in the last five and twenty trading days [1] Company Overview - Zhenxin Technology, established on June 12, 2003, and listed on August 6, 2010, is based in Chengdu, Sichuan Province. The company focuses on the "components-terminal-system" industry chain related to Beidou satellite navigation, providing products and services [1] - The main business revenue composition includes: integrated circuit business 50.23%, comprehensive Beidou navigation applications 35.43%, smart city construction and operation services 11.34%, machine perception and intelligent products 2.44%, and others 0.57% [1] Financial Performance - For the first half of 2025, Zhenxin Technology achieved operating revenue of 483 million yuan, a year-on-year increase of 36.44%, and a net profit attributable to shareholders of 65.55 million yuan, also up 36.71% year-on-year [2] - Since its A-share listing, Zhenxin Technology has distributed a total of 189 million yuan in dividends, with 41.51 million yuan distributed in the last three years [3] Shareholder Structure - As of June 30, 2025, Zhenxin Technology had 47,300 shareholders, a decrease of 12.35% from the previous period, with an average of 11,967 circulating shares per person, an increase of 14.10% [2] - The top ten circulating shareholders include notable funds such as Quan Guo Xu Yuan Mixed A and Hua Xia Industry Prosperity Mixed, with significant changes in holdings [4]

Core Viewpoint - The aerospace ETF Tianhong (159241) has shown significant growth in both scale and share, indicating strong investor interest in the aerospace sector, particularly in companies involved in advanced technologies and military applications [3][4]. Group 1: ETF Performance - As of September 18, 2025, the aerospace ETF Tianhong (159241) increased by 1.23%, with a turnover of 8.78% and a transaction volume of 39.2827 million yuan [3]. - The ETF has seen a weekly scale growth of 2.4731 million yuan, ranking first among comparable funds, and a share increase of 5 million units [3]. - In the last three days, the ETF attracted a net inflow of 11.2857 million yuan [3]. Group 2: Sector Highlights - The aerospace ETF Tianhong (159241) closely tracks the National Aerospace and Aviation Industry Index, which includes sectors such as aerospace equipment, military electronics, and satellite internet, highlighting the high-tech barriers and strong R&D attributes of these industries [4]. - Hefei Xinghuo Space Technology Co., Ltd. recently completed a 55 million yuan angel round financing, with total financing nearing 100 million yuan, focusing on the development of China's first electric cycle liquid launch vehicle [5]. - The Chinese low-altitude economy market is projected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, with financial institutions actively investing in this emerging sector [5]. Group 3: Institutional Insights - Zhonghang Securities emphasizes that satellite internet can extend traditional internet services to broader areas, facilitating information integration and breaking down service barriers, thus creating new opportunities for industry development [6]. - The integration of satellite internet with low-altitude economy, vehicle networking, and other new fields can enhance communication and operational capabilities [6].

Group 1 - The company, Zhenxin Technology (300101), announced that as of the date of the announcement, it and its controlling subsidiaries have no overdue external guarantees, no external guarantees involved in litigation, and no losses incurred due to being judged against in guarantees [1]

Group 1 - Company intends to apply for a two-year working capital loan of up to 20 million RMB from Industrial Bank Co., Ltd. Chengdu Branch, with a guarantee provided by the company for its wholly-owned subsidiary, Chengdu Guoyi Electronic Technology Co., Ltd. [1] - The total amount of external guarantees provided by the company, after board approval, will reach 100 million RMB, accounting for 5.61% of the company's audited net assets attributable to shareholders for the year 2024. [1] - For the year 2024, the revenue composition of the company is as follows: integrated circuit business accounts for 47.62%, Beidou terminal and operation accounts for 30.84%, security monitoring accounts for 15.59%, machine perception and intelligent products account for 4.64%, and others account for 1.29%. [1] Group 2 - The current market capitalization of the company is 14 billion RMB. [2]

成都振芯科技股份有限公司 第六届董事会第十次临时会议决议公告 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。 成都振芯科技股份有限公司（以下简称"公司"）董事会于 2025 年 9 月 11 日以书面方式向全体董事发出第六届董事会第十次临时会议（以下简称"本次会 议"）通知，本次会议于 2025 年 9 月 17 日以现场表决及通讯表决的方式召开， 应参会董事 9 人，实际参会董事 9 人。本次会议的通知和召开符合有关法律法规 和《成都振芯科技股份有限公司章程》的有关规定。 本次会议由董事长谢俊先生主持，经参会董事审议与表决，本次会议通过了 以下议案： 1. 审议通过《关于为全资子公司申请银行贷款提供担保的议案》 公司全资子公司成都国翼电子技术有限公司（以下简称"国翼电子"）因生 产经营需要，拟向兴业银行股份有限公司成都分行申请不超过 2,000 万元人民币的 两年期流动资金贷款，并由公司为其提供连带责任保证担保。 公司董事会认为：鉴于国翼电子目前财务状况稳定，经营情况良好，具备债 务偿还能力，且本次确定的担保额度的财务风险处于公司可控范围之内，不会对 公司经 ...

证券代码：300101 证券简称：振芯科技 公告编号：2025-061 成都振芯科技股份有限公司 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、担保情况概述 1、成都振芯科技股份有限公司（以下简称"公司"）全资子公司成都国翼电 子技术有限公司（以下简称"国翼电子"）因生产经营需要，拟向兴业银行股份 有限公司成都分行（以下简称"兴业银行"）申请不超过 2,000 万元人民币的两年 期流动资金贷款，并由公司为其提供连带责任保证担保。鉴于国翼电子目前财务 状况稳定，经营情况良好，财务风险可控，公司拟为国翼电子申请上述贷款提供 保证担保。 2、公司于 2025 年 9 月 17 日召开的第六届董事会第十次临时会议审议通过了 《关于为全资子公司申请银行贷款提供担保的议案》。根据《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》《深圳证券交易所创业板股票 上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》《成都振芯科技股份有限公司章程》等相关规定，本次担保在公司董 事会审批权限范围内，无需提交股东大会审议。 二 ...

股票代码：300101 股票简称：振芯科技 成都振芯科技股份有限公司 投资者关系活动记录表 1 路中所需的 SDR、DBF、SIP 模组及微系统等核心产品的智能化 升级。在"智"方向瞄准特定行业用户的智算中心，针对性推出 训练级 GPU 算力板卡等核心产品。 2. 在集成电路和北斗导航等业务领域，市场竞争日益激烈。 与同行业竞争对手相比，公司认为自身的核心竞争优势体现在哪 些方面，如何进一步强化这些优势，以应对竞争对手的挑战，扩 大市场份额？ 编号：2025-002 答：您好，感谢您的关注。公司核心竞争力体现在研发优势、 产品优势、市场优势以及人才及团队优势等多方面。公司是国家 级民营高新技术企业，核心团队稳定，拥有在集成电路设计、北 斗导航、机器感知与智能化应用等多个领域的深厚技术积淀，具 备自主创新、研发设计、生产能力一体化协同发展的科技实力， 凭借全流程高可靠产品保障能力和专项任务交付经验，成为多家 核心客户的战略供应商。 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 ☑业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称 投资者网上提问 ...

Group 1 - The company, Zhenxin Technology, announced its participation in the "2025 Investor Online Collective Reception Day and Semi-Annual Report Performance Briefing" event [1] - The event is organized by the Sichuan Listed Companies Association and Shenzhen Panorama Network Co., Ltd. [1] - The scheduled date and time for the event is September 12, 2025, from 14:00 to 17:00 [1]

证券代码：300101 证券简称：振芯科技 公告编号：2025-059 成都振芯科技股份有限公司 2、召开方式：本次活动将采用网络远程的方式举行 3、参与方式：投资者可登录"全景路演"（https://rs.p5w.net）参与本次互动 交流 4、出席人员：董事长谢俊先生，独立董事江才先生，董事会秘书兼副总经理 陈思莉女士，财务总监胡祖健先生 届时公司将在线就 2024 年度及 2025 年半年度业绩、公司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进 行沟通与交流，欢迎广大投资者踊跃参与！ 关于参加四川辖区 2025 年投资者网上集体接待日及 半年度报告业绩说明会的公告 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。 为进一步加强与投资者的互动交流，成都振芯科技股份有限公司（以下简称 "公司"）将参加由四川省上市公司协会、深圳市全景网络有限公司联合举办的 "四川辖区 2025 年投资者网上集体接待日及半年度报告业绩说明会"活动，现将 相关事项公告如下： 1、活动时间：2025 年 9 月 12 日（周五）14:00— ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][6]. Core Insights - The company's revenue for 2025H1 reached 483 million yuan, a year-on-year increase of 36.44%, with a net profit attributable to shareholders of 66 million yuan, also up 36.71% year-on-year [1]. - The growth is primarily driven by the Beidou navigation business, which generated 171 million yuan in revenue for 2025H1, marking a significant year-on-year increase of 73.21% [2]. - The company has made advancements in AI and unmanned systems, successfully developing and deploying embodied intelligence systems, which enhances its strategic positioning in the military sector [3]. Financial Performance - For 2025Q2, the company reported a revenue of 314 million yuan, reflecting a 46.11% year-on-year growth, and a net profit of 57 million yuan, which is a 77.54% increase year-on-year [1]. - The gross margin for 2025H1 was 61.54%, an increase of 4.76 percentage points compared to the previous year, indicating improved profitability [3]. - The company expects revenues of 1.12 billion yuan, 1.55 billion yuan, and 2.12 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 132 million yuan, 210 million yuan, and 309 million yuan for the same years [4][5]. Business Segments - The integrated circuit business achieved revenue of 243 million yuan in 2025H1, a year-on-year increase of 29.55%, indicating a recovery in downstream demand [2]. - The smart city construction and operation service business reported a slight decline in revenue, down 0.73% year-on-year to 55 million yuan [2]. - The machine perception and intelligence business generated 11.77 million yuan in revenue, reflecting a year-on-year growth of 3.26% [2].