证券代码：300101 证券简称：振芯科技 公告编号：2025-063 成都振芯科技股份有限公司 关于签署《保证合同》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。 一、担保情况概述 为满足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"）生 产经营需要，成都振芯科技股份有限公司（以下简称"公司"）为国翼电子向兴 业银行股份有限公司成都分行申请的流动资金贷款提供连带责任保证担保，并于 近日完成签署《保证合同》，主要内容如下： | 合同编号 | 兴银蓉（保）2509 第 37454 号 | | --- | --- | | 被担保人 | 国翼电子 | | 债权人 | 兴业银行股份有限公司成都分行 | | 保证方式 | 连带责任保证 | | 被担保的主债权 | 期限为 年的不超过 万元的人民币流动资金贷款 2 2,000 | | 保证期间 | 主合同项下债务履行期限届满之日起三年 | 本次担保金额占公司 2024 年度经审计归属于上市公司净资产的 1.12%。本次 提供担保后，公司累计提供担保余额为 7,999 万元，占 2024 年度经审计归属于上 ...

Core Viewpoint - Zhenxin Technology's stock price has shown fluctuations, with a year-to-date increase of 14.74% and a recent decline over the past 20 days, indicating volatility in market performance [1] Company Overview - Zhenxin Technology, established on June 12, 2003, and listed on August 6, 2010, is located in Chengdu, Sichuan Province. The company focuses on the "components-terminals-systems" industry chain related to Beidou satellite navigation, providing products and services in key components, high-performance integrated circuits, and navigation terminal design, development, production, and sales [1] - The revenue composition of Zhenxin Technology 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 over the past 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 significant positions held by various funds, with notable increases in holdings by certain funds, indicating institutional interest [4]

Core Insights - On September 24, Zhenxin Technology's stock rose by 4.45%, with a trading volume of 416 million yuan [1] - The company reported a net financing outflow of 10.31 million yuan on the same day, with a total financing and securities balance of 653 million yuan [1] Financing Overview - On September 24, Zhenxin Technology had a financing purchase amount of 33.52 million yuan, with a current financing balance of 651 million yuan, accounting for 4.57% of the circulating market value [1] - The financing balance is above the 50th percentile level over the past year, indicating a relatively high position [1] Securities Lending Overview - On September 24, Zhenxin Technology repaid 3,000 shares in securities lending and sold 7,300 shares, amounting to 183,200 yuan at the closing price [1] - The securities lending balance was 1.5 million yuan, which is below the 40th percentile level over the past year, indicating a relatively low position [1] Company Profile - Chengdu Zhenxin Technology Co., Ltd. was established on June 12, 2003, and listed on August 6, 2010 [2] - The company focuses on the "components-terminals-systems" industry chain related to Beidou satellite navigation, providing products and services in key components, high-performance integrated circuits, and navigation terminals [2] - Revenue composition includes integrated circuit business (50.23%), Beidou navigation applications (35.43%), smart city services (11.34%), machine perception and intelligent products (2.44%), and others (0.57%) [2] Financial Performance - For the first half of 2025, Zhenxin Technology achieved a 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, up 36.71% year-on-year [2] Shareholder Information - As of June 30, 2025, the number of shareholders was 47,300, a decrease of 12.35% from the previous period [3] - The top circulating shareholders include Quan Guo Xu Yuan Mixed A, which increased its holdings by 1.94 million shares, and Huaxia Industry Prosperity Mixed, a new shareholder with 8.05 million shares [3]

Market Performance - The military electronics sector rose by 0.39% on September 24, with Guankang Technology leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Key Stocks in Military Electronics Sector - Guankang Technology (301213) closed at 55.11, up 6.16% with a trading volume of 45,500 shares and a turnover of 251 million [1] - Sichuang Electronics (600990) closed at 29.40, up 5.98% with a trading volume of 157,900 shares and a turnover of 449 million [1] - ST Tianwei (688511) closed at 21.86, up 5.60% with a trading volume of 11,600 shares and a turnover of approximately 25.24 million [1] - Aerospace Nanhai (688552) closed at 39.49, up 5.17% with a trading volume of 101,000 shares and a turnover of 391 million [1] - Zhenxin Technology (300101) closed at 25.09, up 4.45% with a trading volume of 167,900 shares and a turnover of 416 million [1] Fund Flow Analysis - The military electronics sector experienced a net outflow of 442 million from institutional investors, while retail investors saw a net inflow of 498 million [2] - The top stocks with significant fund flows included: - Aopu Optoelectronics (002338) with a net inflow of 86.90 million from institutional investors [3] - Sichuang Electronics (600990) with a net inflow of 57.72 million from institutional investors [3] - Ruichuang Weina (688002) with a net inflow of 34.46 million from institutional investors [3]

Core Viewpoint - The general aviation ETF (159378) is experiencing active trading with a notable increase in its component stocks, particularly Zhuhai Guanyu, which rose over 8% [3] Group 1: Market Performance - As of September 24, the general aviation ETF (159378) increased by 2.13% [3] - Zhuhai Guanyu's stock surged by 8.41%, with a trading volume of 44.93 million and a transaction value of 1.086 billion [4] - Other notable stocks include Lais Information (+5.13%), Zhenxin Technology (+4.20%), and Wan Feng Aowei (+3.45%) [4] Group 2: Industry Events - The 2025 Shenzhen eVTOL Industry Development Conference and Low Altitude Economy Exhibition commenced on September 23, featuring over 300 leading companies and innovative institutions [5] - The eVTOL exhibition area showcased advanced eVTOL aircraft, including flying cars and various rotorcraft designs [5] Group 3: Economic Outlook - The low altitude economy is projected to exceed 1.5 trillion by 2025 and could reach between 3.5 trillion to 6 trillion by 2035, becoming a core growth driver for economic transformation [6] - Despite a relative stagnation in the low altitude economy sector this year, it remains a significant direction for new productive forces, with expectations of increased funding and high industry prosperity [6] Group 4: Investment Tools - The general aviation ETF (159378) is the first and largest ETF product in its category, focusing on the low altitude economy and drones, serving as a valuable tool for investing in this sector [6][8] - As of September 23, the general aviation ETF had a scale of 1.137 billion [8]

Group 1 - The core viewpoint of the news is the performance and market position of Chengdu Zhixin Technology Co., Ltd., which has seen a stock price increase of 5.12% to 25.25 CNY per share, with a total market capitalization of 14.34 billion CNY [1] - Chengdu Zhixin Technology specializes in the "components-terminals-systems" industry chain related to Beidou satellite navigation, focusing on key components, high-performance integrated circuits, and navigation terminal design, development, production, and sales [1] - The company's revenue composition includes integrated circuit business at 50.23%, Beidou navigation comprehensive applications at 35.43%, smart city construction and operation services at 11.34%, machine perception and intelligent products at 2.44%, and others at 0.57% [1] Group 2 - The Huaren Yuanda Anxin Flexible Allocation Mixed A Fund holds a significant position in Zhixin Technology, with 11,200 shares, accounting for 3.91% of the fund's net value, ranking as the tenth largest holding [2] - The fund has achieved a year-to-date return of 17.7% and a one-year return of 35.97%, with a total fund size of 6.3752 million CNY [2] - The fund manager, Li Wuqin, has a tenure of 9 years and 160 days, with the best fund return during this period being 101.12% [3]

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]