北京大成（广州）律师事务所 关于 广州中海达卫星导航技术股份有限公司 2025 年第三次临时股东会的 法 律 意 见 书 www.dentons.cn 广州市珠江新城珠江东路 6 号广州周大福金融中心 14 层、15 层 邮编:510623 Tel:8620 85277000/01 Fax:8620 85277002 北京大成（广州）律师事务所 关于广州中海达卫星导航技术股份有限公司 2025 年第三次临时股东会的法律意见书 致：广州中海达卫星导航技术股份有限公司 北京大成（广州）律师事务所（以下简称"本所"）接受广州中海达卫星导航技术 股份有限公司（以下简称"公司"）委托，指派本所律师参加公司于 2025 年 12 月 29 日 召开的 2025 年第三次临时股东会（以下简称"本次股东会"）,并依据《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司股东会规则（2025 年修订）》（以下简称"《股东会规则》"）、 《深圳证券交易所上市公司股东会网络投票实施细则（2025 修订）》等法律、行政法规 和规范性文件以及《广州中海达卫星导航技术股份有 ...

Group 1 - The core viewpoint of the article is that Zhonghaidah has successfully integrated its vehicle-mounted software and hardware products into multiple mass-produced new models from major automotive manufacturers such as Geely, Xiaopeng, SAIC, Great Wall, Dongfeng, and FAW [1] Group 2 - The company has confirmed its partnerships with several leading automotive manufacturers, indicating a strong market presence and potential for growth in the automotive sector [1] - Investors are encouraged to refer to the company's regular reports for more detailed information regarding the business situation [1]

Group 1 - The core viewpoint of the news is that Zhonghaidah's stock has shown fluctuations, with a recent increase of 2.26% to 10.40 CNY per share, despite a year-to-date decline of 4.67% [1] - As of September 30, 2025, Zhonghaidah reported a revenue of 683 million CNY, a year-on-year decrease of 7.48%, and a net profit attributable to shareholders of -45.98 million CNY, down 78.40% year-on-year [2] - The company specializes in high-precision positioning technology, with its main business revenue composition being 83.32% from high-precision positioning equipment and industry solutions, and 16.68% from spatiotemporal data and information services [1] Group 2 - Zhonghaidah's stockholder count decreased by 12.11% to 65,000, while the average circulating shares per person increased by 13.78% to 9,322 shares [2] - The company has not distributed any dividends in the last three years, with a total payout of 102 million CNY since its A-share listing [3] - The company is classified under the defense and military industry, specifically in military electronics, and is involved in sectors such as geographic information, spatiotemporal big data, low-altitude economy, drones, and marine economy [2]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：关于智驾中海达都合作了哪些企业，供货量占比多 少？为什么站在风口股价却没有起色，公司是资金流出问题了么？ 中海达（300177.SZ）12月26日在投资者互动平台表示，目前公司车载端软硬件产品已定点应用在吉 利、小鹏、上汽、长城、东风和一汽等汽车制造企业的多款量产新车型，相关业务情况介绍请参阅公司 定期报告内容。 ...

Group 1 - The core viewpoint of the news is that Zhonghaidah's stock has shown a slight increase recently, with a current price of 10.15 yuan per share and a market capitalization of 7.553 billion yuan, despite a year-to-date decline of 6.97% [1] - As of December 25, 2023, Zhonghaidah's main business revenue composition includes 83.32% from high-precision positioning equipment and industry solutions, and 16.68% from spatiotemporal data and information services [1] - The company operates in the defense and military electronics sector, with involvement in geographic information, low-altitude economy, drones, spatiotemporal big data, and marine economy [2] Group 2 - For the period from January to September 2025, Zhonghaidah reported a revenue of 683 million yuan, a year-on-year decrease of 7.48%, and a net profit attributable to shareholders of -45.977 million yuan, a decline of 78.40% [2] - The company has distributed a total of 102 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 12.11% to 65,000, while the average circulating shares per person increased by 13.78% to 9,322 shares [2]

Core Viewpoint - The company, Zhonghaidah (300177), focuses on the research, development, manufacturing, and sales of high-precision navigation and positioning technology-related hardware and software products and services [1] Group 1: Business Focus - The company's products and technologies are primarily applied in various fields including surveying and mapping, disaster monitoring, hydrology and water conservancy, emergency rescue, intelligent driving, and mechanical control [1] Group 2: Additional Information - For detailed information regarding the company's main business, investors are directed to refer to the relevant sections of the annual report [1]

Core Insights - The article provides a comprehensive overview of the Beidou navigation industry, highlighting key companies, their business layouts, and the industry chain structure [1][8][12]. Industry Chain Overview - The Beidou navigation industry relies on satellite support, encompassing satellite design, manufacturing, launching, and operation [1]. - The upstream components are crucial for self-control, primarily consisting of baseband chips, RF chips, boards, and antennas [1]. - The midstream focuses on terminal integration and system integration, which are key development areas [1]. - The downstream service clientele includes consumer markets, industrial markets, and military markets [1]. Key Companies and Their Business Layouts - Major listed companies in the Beidou navigation sector include Beidou Star Communication, Haige Communication, Huace Navigation, and others [1][2]. - By the first half of 2025, Huace Navigation, Hezhong Shizhuang, and Tongyu Communication are expected to achieve over 500 million yuan in Beidou-related revenue, leading other listed companies [8]. - Companies like Zhenlei Technology, Haige Communication, and Huace Navigation have gross profit margins exceeding 50%, outperforming their peers [8]. Regional Distribution of Companies - Upstream satellite manufacturing enterprises are primarily located in Beijing and Jiangsu [6]. - Upstream component suppliers are distributed across Beijing, Guangdong, Zhejiang, and Chongqing [6]. - Midstream navigation product and solution providers are mainly found in Beijing, Shanghai, Guangdong, and Sichuan [6]. - Downstream application companies are concentrated in Liaoning and Beijing [6]. Recent Investment Trends - In 2023, Haige Communication and Beidou Star Communication established subsidiaries to expand their business scale [12]. - Reiko Defense set up an investment fund to focus on advantageous projects, while other companies like Aerospace Intelligence and Zhenlei Technology increased capital in their subsidiaries to advance project construction [12][14]. - Notable investments include Huace Navigation's 1 billion yuan increase in its subsidiary and Haige Communication's establishment of a new subsidiary in Chongqing to enhance market presence [14].

Group 1 - The company focuses on the research, development, manufacturing, and sales of high-precision navigation and positioning technology-related hardware and software products and services [1] - The company's products are primarily applied in fields such as surveying and mapping, disaster monitoring, hydrology and water conservancy, emergency rescue, intelligent driving, and mechanical control [1] - For detailed information regarding the company's main business, refer to the relevant sections of the annual report [1] Group 2 - An investor inquired about the company's products and services applicable to the commercial aerospace sector and which commercial aerospace companies they supply or serve [3]

Group 1 - The core viewpoint of the news is that Zhonghaidah's stock has experienced a decline of 10.36% this year, with a recent drop of 2.00% to 9.78 CNY per share, reflecting a challenging financial performance [1][2] - As of September 30, 2025, Zhonghaidah reported a revenue of 683 million CNY, a year-on-year decrease of 7.48%, and a net profit attributable to shareholders of -45.98 million CNY, down 78.40% year-on-year [2] - The company's main business revenue composition includes 83.32% from high-precision positioning equipment and industry solutions, and 16.68% from spatiotemporal data and information services [1] Group 2 - Zhonghaidah's stockholder count decreased by 12.11% to 65,000, while the average circulating shares per person increased by 13.78% to 9,322 shares [2] - The company has not distributed any dividends in the last three years, with a total payout of 102 million CNY since its A-share listing [3] - The company operates in the defense and military electronics sector, with involvement in low-altitude economy, drones, geographic information, and marine economy concepts [2]

Core Viewpoint - Zhonghaidah's stock price has shown fluctuations, with a recent increase of 2.32% to 10.13 CNY per share, despite a year-to-date decline of 7.15% [1] Group 1: Company Overview - Zhonghaidah, established on June 21, 2006, and listed on February 15, 2011, is based in Guangzhou, Guangdong Province [1] - The company specializes in high-precision positioning technology, focusing on the development, manufacturing, and sales of related software and hardware products [1] - Its main revenue sources are high-precision positioning equipment and industry solutions (83.32%) and spatiotemporal data and information services (16.68%) [1] Group 2: Financial Performance - As of September 30, 2025, Zhonghaidah reported a revenue of 683 million CNY, a year-on-year decrease of 7.48% [2] - The net profit attributable to shareholders was -45.977 million CNY, reflecting a significant year-on-year decline of 78.40% [2] Group 3: Shareholder and Market Activity - The number of shareholders decreased by 12.11% to 65,000, while the average number of circulating shares per person increased by 13.78% to 9,322 shares [2] - The company has distributed a total of 102 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of September 30, 2025, the General Aviation ETF became the seventh largest circulating shareholder with 1.8604 million shares, while Hong Kong Central Clearing Limited exited the top ten shareholders [3]