// 今日关注 // 1 、 5 月财新中国制造业 PMI 降至 48.3 ，去年 10 月以来首次收缩 2 、经合组织将 2025 年全球 GDP 增长预期下调至 2.9% 3 、商务部新闻发言人就欧盟拟限制中企参与医疗器械公共采购答记者问 4 、全国工商联汽车经销商商会倡议，坚决抵制 " 内卷式 " 竞争 5 、国内成品油价迎年内 " 第四涨 " 6 、摸排股市 " 小作文 " ，地方证监局在行动 7 、 AI 教父警告：新一代大模型开始 " 撒谎 " // 宏观预警 // 1 、 5 月财新中国制造业 PMI 降至 48.3 ，去年 10 月以来首次收缩 5 月财新中国制造业采购经理指数（ PMI ）录得 48.3 ，较 4 月下降 2.1 个百分点， 2024 年 10 月来首 次跌至临界点以下。其中生产指数和新订单指数均从扩张区间降至收缩区间，分别录得 2022 年 12 月和 2022 年 10 月以来最低。 2 、经合组织将 2025 年全球 GDP 增长预期下调至 2.9% 经合组织将 2025 年全球 GDP 增长预期下调至 2.9% （之前为 3.1% ），同时将 2026 年的预期从 3 ...

Key Developments - China Shipbuilding elected Hu Xianfu as the chairman of the board, with a term until the board's term ends [2] - CITIC Bank received approval to establish Xinyin Financial Asset Investment Co., with a registered capital of RMB 10 billion, aimed at supporting "technology finance" development [3] - Dazhu CNC submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange, reporting a 104.56% increase in revenue to RMB 3.343 billion in 2024 [5] - Hunan Hualing Cable's private placement was approved, aiming to raise up to RMB 1.2149 billion for various projects [7] - Dataport received approval for a bond issuance of up to RMB 1.2 billion [8] - Su Yan Jingshen received approval for a private placement to raise up to RMB 1.8 billion [9] Corporate Announcements - Zhonghaida's subsidiary Xi'an Lingjing Technology was ruled for bankruptcy liquidation, with no significant impact on the parent company's operations [11] - Diou Home's major shareholders are planning changes that may affect control, leading to a temporary suspension of trading [13] - Dadi Ocean plans to acquire 100% of Zhejiang Huguo Waste Management for RMB 135 million [14] - Haomei New Materials adjusted its share repurchase price limit to RMB 45 per share [15] - Rui De Intelligent adjusted its share repurchase price limit to RMB 41.71 per share [16] - Haosai elected Dai Congqi as chairman of the board [17] - Yinlun shares adjusted its share repurchase price limit to RMB 35.88 per share [18] - Jinzi Ham's control changed to Zheng Qingsheng, who became the new controlling shareholder [19] - United Optoelectronics plans to acquire 100% of Changyi Optoelectronics, enhancing manufacturing capabilities [20] - Luoping Zinc's major shareholder signed an agreement to transfer 22.4% of shares [21] - Hualing Steel plans to introduce five external investors to increase capital by RMB 1.5 billion [22] - *ST Xinyan is undergoing restructuring due to creditor applications [23] - Cixing plans to acquire 75% of Shenyang Shunyi Technology, entering the defense technology sector [24] - Filinger's actual controller will change to Jin Yawei after a share transfer [25] - Shenyang Machine Tool plans to increase capital in its subsidiary by RMB 250 million [26] - Sansteel Mingguang's chairman resigned due to work reasons [27] - Huakong Saige's chairman and other executives resigned due to personnel adjustments [28] - Xinji Energy's chairman resigned due to age reasons [30] - CITIC Securities received approval to issue up to RMB 15 billion in technology innovation bonds [31] - Del Shares plans to invest approximately RMB 300 million in new lithium battery projects [32] - Wanrun Shares' chairman resigned due to work adjustments [33] - Yingte Group's subsidiary successfully acquired 100% of Huadong Pharmaceutical for RMB 369 million [34] - Junda Shares' H-shares were included in the Hong Kong Stock Connect list [35]

证券代码：300177 证券简称：中海达 公告编号：2025-035 广州中海达卫星导航技术股份有限公司 关于控股子公司被法院裁定受理破产清算的公告 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、 裁定受理破产清算概述 广州中海达卫星导航技术股份有限公司（以下简称"公司"）控 股子公司西安灵境科技有限公司（以下简称"灵境科技"）于 2025 年 06 月 03 日收到陕西省西安市中级人民法院下发的《民事裁定书》 【（2024）陕 01 破申 216 号】，裁定受理债权人陕西金士豪建筑装 饰工程有限公司（以下简称"金士豪公司"）对灵境科技的破产清算 申请，具体情况如下： 1、破产申请人：陕西金士豪建筑装饰工程有限公司 统一社会信用代码：91610131742832922U 成立日期：2003 年 03 月 25 日 注册地址：陕西省西安市高新区唐延路 25 号银河科技大厦 7 层 7Y178 法定代表人：卫永华 注册资本：1,402.1079 万元人民币 2、申请事由：申请人金士豪公司以灵境科技不能清偿到期债务， 且明显缺乏清偿能力为由，申请法院受理其对灵 ...

Core Viewpoint - The commercial space industry in China is experiencing rapid growth, supported by national policies, with a market size projected to reach approximately 7,133.2 billion yuan in 2024, driven by increased launch activities and advancements in satellite applications [2][8]. Group 1: Definition and Main Business of Commercial Space Industry - The commercial space industry refers to the sector that provides space products and services through market-oriented approaches, including rocket launches, satellite applications, and space tourism [3][4]. - Unlike traditional government-led space projects, commercial space emphasizes private sector participation, cost-effectiveness, and sustainable business ecosystems, marking a shift from planned to market economies in space activities [4]. Group 2: Current Development Status of the Commercial Space Industry - The commercial space sector in China is becoming increasingly active, with 68 rocket launches and 66 successful orbital insertions in 2024, achieving a success rate of 97% [6][8]. - The market size of the commercial space industry in China has been growing rapidly, with a reported size of 6,582.2 billion yuan in 2023 and an expected increase to 7,810.4 billion yuan by 2025 [8]. - The commercial remote sensing satellite sector is identified as a strategic emerging industry that contributes significantly to economic growth and daily applications, positioning itself as a key area in global space competition [8]. Group 3: Future Prospects and Opportunities - The commercial space industry is anticipated to reach a mature phase by the end of the 14th Five-Year Plan or during the 15th Five-Year Plan, indicating a historic development opportunity for the industry chain [2]. - The launch of new rocket models, such as the Long March 8 and others, is expected to further enhance China's launch capabilities and increase the number of launches in 2025 [6].

Core Viewpoint - The satellite ETF (159206) is experiencing significant activity, driven by the recent announcement from the FCC to expand satellite communication frequency spectrum, which is expected to enhance the satellite communication industry and stimulate competition [1][2][3]. Group 1: Market Activity - As of May 29, the satellite ETF (159206) rose by 1.52% in early trading, with key component stocks such as Xinyisheng increasing by over 5% [1]. - The top-performing stocks within the ETF include: - Xinyisheng: +5.85%, trading volume of 30.34 million, market cap of 26.72 billion - Hangyuwei: +4.44%, trading volume of 15.80 million, market cap of 1.96 billion - Zhongji Xuchuang: +4.20%, trading volume of 21.36 million, market cap of 20.35 billion - Xinyu Communication: +3.94%, trading volume of 12.19 million, market cap of 2.68 billion - Shanghai Huanxun: +3.54%, trading volume of 9.87 million, market cap of 2.09 billion [2]. Group 2: Industry Developments - The FCC plans to release over 20,000 MHz of frequency resources to support the development of low Earth orbit (LEO) satellites and next-generation satellite broadband services, addressing the spectrum shortage faced by the commercial space and satellite internet sectors [3]. - Recent advancements in ground communication technology have achieved a record communication speed of 2100 Mbps in the X-band, marking a 75% increase in microwave communication code rate [3]. - The satellite internet sector is rapidly evolving, with regular satellite launches increasing communication capacity and reducing latency, paving the way for applications like direct satellite connections for mobile broadband and intelligent driving systems [3]. Group 3: Future Outlook - The satellite communication industry is positioned as a foundational technology for the development of 6G, vehicle networking, and the Internet of Things (IoT) [3]. - The Chinese satellite industry is expected to enter a phase of mass satellite deployment by 2025, with both state-owned and private enterprises collaborating on low-cost satellite manufacturing [3].

证券代码：300177 证券简称：中海达 公告编号：2025-032 广州中海达卫星导航技术股份有限公司 关于未弥补亏损达到实收股本总额三分之一的公告 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。 广州中海达卫星导航技术股份有限公司（以下简称"公司"）第 六届董事会第九次会议审议通过了《关于未弥补亏损达到实收股本总 额三分之一的议案》，该议案尚需提交公司 2025 年第一次临时股东 大会审议。现将具体情况公告如下： 一、情况概述 根据立信会计师事务所（特殊普通合伙）出具的审计报告（信会 师报字[2025]第 ZM10029 号），截至 2024 年 12 月 31 日，公司合并 财务报表 未 分 配 利 润 为 -253,767,983.07 元，实收股本为 744,169,066 元，公司未弥补亏损金额超过实收股本总额三分之一。 根据《中华人民共和国公司法》（以下简称"《公司法》"）《公司 章程》等相关规定，该事项需提交公司 2025 年第一次临时股东大会 审议。 二、未弥补亏损的原因 近两年受到复杂多变的宏观环境影响，公司时空数据及信息化业 务项目招投标 ...

证券代码：300177 证券简称：中海达 公告编号：2025-034 广州中海达卫星导航技术股份有限公司 关于召开公司 2025 年第一次临时股东大会的通知 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、召开会议的基本情况 1、股东大会届次：本次股东大会为广州中海达卫星导航技术 股份有限公司（下称"公司"）2025年第一次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性： 公司于2025年05月28日召开第六届董事会第九次会议审议通 过了《关于提请召开2025年第一次临时股东大会的议案》，本次股 东大会的召开符合《中华人民共和国公司法》《上市公司股东大会 规则》等有关法律、行政法规、部门规章、规范性文件和《广州中 海达卫星导航技术股份有限公司公司章程》（以下简称"《公司章 程》"）的规定。 4、会议召开时间 1）现场会议时间：2025年06月13日下午15：30。 2）网络投票时间： a）通过深圳证券交易所交易系统进行网络投票的时间为 2025年06月13日9:15-9:25，9:30-11:30和13:00-15:00； b） ...

证券代码：300177 证券简称：中海达 公告编号：2025-033 广州中海达卫星导航技术股份有限公司 第六届董事会第九次会议决议公告 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。 一、董事会会议召开情况 1、 广州中海达卫星导航技术股份有限公司（以下简称"公司"） 第六届董事会第九次会议（以下简称"本次会议"）的会议通知已于 2025 年 05 月 18 日以邮件、电话的形式通知了全体董事。 二、 董事会会议审议情况 1、审议通过了《关于未弥补亏损达到实收股本总额三分之一的议 案》 根据立信会计师事务所（特殊普通合伙）出具的审计报告（信会师 报字[2025]第 ZM10029 号），截至 2024 年 12 月 31 日，公司合并财务 报表未分配利润为-253,767,983.07 元，实收股本为 744,169,066 元， 公司未弥补亏损金额超过实收股本总额三分之一。根据《公司法》《公 司章程》的相关规定，在公司未弥补亏损达到实收股本总额三分之一的 1 事实发生之日起两个月以内召开临时股东会审议。本议案尚需提交公 司 2025 年第一次临时股东大会审 ...

Core Viewpoint - The consumer drone market in China is experiencing robust growth, driven by rising living standards, increased entertainment demand, and government support, with market size expected to reach 48.899 billion yuan in 2024, a year-on-year increase of 20.0% [1][12]. Group 1: Industry Overview - China is one of the largest drone markets globally, with the consumer drone segment showing significant development [12]. - Consumer drones are designed for personal use, featuring lightweight, easy operation, and relatively low prices, catering to ordinary consumers' needs [3]. - The government has implemented various policies to encourage the development and application of consumer drone technology while enhancing flight regulation for safety and privacy [1][12]. Group 2: Market Size and Growth - The consumer drone market in China is projected to grow to 58.678 billion yuan by 2025 [1][12]. - The flight control system market in China is also expanding, with a projected growth from 314 million yuan in 2021 to 521 million yuan in 2024, reflecting a compound annual growth rate of 18.4% [10]. Group 3: Investment Trends - The investment landscape in the consumer drone sector is active, with the number of investments reaching 6 by April 2025, totaling 800 million yuan, surpassing the total investment amount for 2024 [14]. Group 4: Competitive Landscape - The consumer drone market is characterized by a stable competitive landscape, with leading companies like DJI and EHang dominating the high-end market, while the mid-to-low-end market remains fragmented [15][18]. Group 5: Industry Trends - Technological innovation is driving the industry forward, with advancements in AI, big data, and cloud computing enhancing the intelligence of consumer drones [21]. - Miniaturization is a key trend, as consumer demand for lightweight and portable drones increases [22]. - The industry is expected to see accelerated mergers and acquisitions as competition intensifies and prices decline, with average prices dropping from 5,000 yuan in 2019 to 1,800 yuan in 2024 [24].

证券代码：300177 证券简称：中海达 公告编号：2025－031 广州中海达卫星导航技术股份有限公司 2024 年年度股东大会决议公告 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。 特别提示: 1.本次股东大会未出现否决议案的情形。 2.本次股东大会未涉及变更前次股东大会决议的情况。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间： a）现场会议召开时间：2025年05月16日下午15：30开始 b）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的时间为2025年 05月16日9:15-9:25，9:30-11:30 和13:00-15:00； 通过深圳证券交易所互联网投票系统投票的开始时间为2025 年05月16日9:15—15:00。 （2）现场会议召开地点：广州市番禺区南村镇鸿创二街6号公司 总部大楼。 （3）会议召开方式：现场表决与网络投票相结合。 （4）会议召集人：董事会。 （5）会议主持人：董事长廖定海先生。 1 （6）会议召开的合法、合规性：广州中海达卫星导航技术股份 有限公司（以下简称"公司"）于2025年04月15 ...