Revenue Situation - In 2024, China Shipbuilding Industry Corporation (CSIC) reported the highest revenue in the sonar industry, reaching 55.4 billion yuan. CSIC is a leading ship design and manufacturing enterprise in China, delivering 62 internationally advanced vessels, solidifying its global market position [1] - China Haifang ranked second with a revenue of 3.173 billion yuan [1] Net Profit Situation - CSIC also led in net profit for 2024, achieving 1.33 billion yuan. In contrast, China Haida reported a net loss of 40 million yuan, primarily due to macroeconomic downturns and reduced infrastructure investment impacting its traditional surveying equipment business [4] R&D Capability Analysis R&D Investment - CSIC had the highest R&D investment in 2024, amounting to 2.16 billion yuan, followed by China Haifang with 350 million yuan. The lowest R&D investment was from Zhongke Haixun at 30 million yuan [5] R&D Intensity - R&D intensity, defined as the ratio of R&D investment to revenue, showed that Hailanxin had the highest intensity at 22.51%. Zhongke Haixun followed with an intensity of 12.02%. CSIC had the lowest R&D intensity [8] R&D Personnel - CSIC employed the most R&D personnel, totaling 5,533, but this only accounted for approximately 20% of its total workforce. Zhongke Haixun had the highest proportion of R&D personnel relative to its total workforce at 60.5% [11]

Group 1 - The sonar industry in China has over 690 active companies, with Guangdong province having the highest number at approximately 110 companies, followed by Jiangsu, Shandong, and Zhejiang [1] - Jiangsu province leads in effective patent applications in the sonar industry, with a total of 1,186 applications, indicating its strategic positioning and technological innovation in this field [3] - China Shipbuilding Industry Corporation holds the highest number of effective patent applications among companies, totaling 25, followed by Zhongke Tanhai (Shenzhen) Marine Technology Co., Ltd. with 21 applications [5] Group 2 - Zhejiang province has the highest number of sonar bidding projects, totaling 657, followed by Guangdong, Jiangsu, and Anhui with 492, 420, and 334 projects respectively [7] - Jiangsu province also has the most winning bids in the sonar sector, with 385 projects, followed by Shandong, Zhejiang, and Guangdong with 358, 283, and 195 projects respectively [9]

Group 1: Company Overview - The company focuses on high-precision navigation and positioning technology, developing software and hardware products and services [2][3] - It has become a leading enterprise in the domestic high-precision navigation industry and a mainstream player globally [2][3] - The company has established a complete technology chain from hardware to algorithms and industry solutions [3] Group 2: Core Business Segments - The company operates three core business segments: precise spatiotemporal perception equipment, Beidou high-precision industry applications, and intelligent driving and navigation control [3][4] - The precise spatiotemporal perception equipment business provides high-precision positioning solutions for industries such as natural resources and construction [4][5] - The Beidou high-precision industry applications focus on integrating technology with industry needs, offering comprehensive solutions [8][9] Group 3: Technological Innovations - The company has developed innovative RTK products that address traditional measurement challenges, enhancing operational efficiency [4][5] - It has created a new generation of intelligent surveying total stations that achieve millimeter-level measurement accuracy [4][5] - The company’s ADCP series products have gained recognition in the domestic market, leading in market share [6][7] Group 4: Industry Applications - The company provides solutions for various sectors, including water resources, emergency rescue, and ecological environment monitoring [5][9] - It has implemented over 10,000 monitoring points for geological disaster hazards across the country [8] - The company’s solutions have been applied in multiple high-speed rail lines, enhancing operational safety [10] Group 5: Intelligent Driving and Navigation Control - The company offers high-precision positioning products for passenger vehicles, agricultural machinery, and construction machinery [11][12] - It has achieved approximately 40% growth in its intelligent driving business, with over 60 vehicle models receiving mass production [12][13] - The agricultural navigation system has been recognized by clients in regions such as Xinjiang and Inner Mongolia, expanding its sales network [14]

证券代码：300177 证券简称：中海达 公告编号：2025-037 广州中海达卫星导航技术股份有限公司 关于公司参与设立产业投资基金暨关联交易的进展公告 产业基金于 2023 年 03 月 20 日经全体合伙人协商一致同意，产 业基金总出资规模由人民币 12,500 万元调整至人民币 11,000 万元。 其中，新兴基金认缴出资金额由人民币 2,500 万元减少为人民币 1,000 万元，出资时间调整至 2023 年 03 月 22 日，产业基金其他合 伙人的认缴出资金额、出资时间及出资方式不变。 产业基金于 2025 年 05 月 13 日经全体合伙人协商一致同意，产 业基金总出资规模由人民币 11,000 万元调整至人民币 6,500 万元， 各合伙人按原出资比例进行同比例减资。 产业基金相关进展内容详见公司分别于 2021 年 12 月 21 日、 2022 年 03 月 23 日、2022 年 03 月 24 日、2023 年 03 月 21 日、2025 年 05 月 14 日刊登在中国证监会指定的创业板信息披露网站巨潮资 讯网(www.cninfo.com.cn)上的《关于公司参与设立产业投资基 ...

Group 1: Company Overview - The company focuses on high-precision navigation and positioning technology, developing software and hardware products, and services related to the Beidou system [2][3] - It has established itself as a leading enterprise in the domestic high-precision navigation industry and a mainstream player globally [2][3] - The company has developed a complete technology chain from hardware to algorithms and industry solutions, covering three core business segments: precise spatiotemporal perception equipment, Beidou high-precision industry applications, and intelligent driving and navigation control [3] Group 2: Intelligent Driving and Navigation Control - The company provides high-precision positioning products and solutions for passenger cars, agricultural machinery, and engineering machinery [4][5] - In 2024, the intelligent driving business achieved approximately 40% growth, with over 60 models from various automakers adopting the company's products [7][8] - Collaborations with major automotive companies and technology partners, including Baidu Apollo and China Mobile, have been established to enhance product integration and technical exchanges [7][8] Group 3: Precision Spatiotemporal Perception Equipment - The company offers high-precision positioning equipment and solutions for industries such as natural resources, construction, emergency response, and special institutions [9][11] - Innovative RTK products and intelligent surveying systems have been developed, achieving millimeter-level measurement accuracy and automation in various applications [9][11] - The company has a leading market share in the domestic ADCP market, providing high-precision flow measurement products recognized by the Ministry of Water Resources [11] Group 4: Marine Equipment and Solutions - The company’s marine detection products include single and multi-beam depth sounders and ADCP acoustic Doppler current profilers, widely used in marine construction and surveying [12] - An integrated monitoring system for water resources has been developed, combining hardware, software, and industry applications [12] - The company has invested significantly in high-end marine equipment, establishing a technological advantage in depth and flow measurement technologies [12]

Core Points - The legal opinion letter is issued by Beijing Dentons (Guangzhou) Law Firm regarding the 2025 First Extraordinary General Meeting of Shareholders of Guangzhou Zhonghaid Satellite Navigation Technology Co., Ltd. [1][2] - The meeting is scheduled for June 13, 2025, and the law firm has been appointed to witness the meeting and provide legal opinions based on relevant laws and regulations [1][2][3] Group 1: Meeting Procedures - The meeting was convened by the sixth board of directors, with a resolution passed on May 28, 2025, to hold the meeting [3][5] - The notice for the meeting was published on May 29, 2025, in accordance with legal requirements [3][5] - The meeting will be conducted through a combination of on-site voting and online voting [5][6] Group 2: Attendance and Qualifications - A total of 464 shareholders and their proxies attended the meeting, representing 188,550,116 shares, approximately 25.3370% of the total shares [6][7] - The qualifications of the meeting attendees and the convenor were verified and found to be valid [6][8] Group 3: Agenda and Voting Results - The agenda included a proposal regarding unremedied losses reaching one-third of the paid-in capital, which was approved by the board prior to the meeting [7][8] - The voting results showed that 186,705,688 shares (approximately 99.0218%) voted in favor of the proposal, while 1,613,528 shares (approximately 0.8558%) opposed it, and 230,900 shares abstained [7][8] - The voting process was conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the results [7][8]

证券代码：300177 证券简称：中海达 公告编号：2025－036 广州中海达卫星导航技术股份有限公司 2025 年第一次临时股东大会决议公告 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06月13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 06月13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06月13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05月 ...

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 年第一次临时股东大会的 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 年第一次临时股东大会的法律意见书 本法律意见书中，本所律师根据《公司章程》的要求，仅就本次股东大会的召集与 召开程序是否符合法律法规及《公司章程》、出席会议人员资格和会议召集人资格的合 法有效性、会议表决程序和表决结果的合法有效性发表意见，而不对本次股东大会所审 议的议案内容及该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书仅供本次股东大会之目的使用，不得用于其他任何目的或用途。 本所同意将本法律意见书作为公司本次股东大会公告材料，随其他需公告的信息一 起向公众披露，并依法对本所在其中发表的法律意见承担法律责任。 1 本所及经办律师依据《公司法》《证券法》《律师事务所从事证券法律业务管理办 法》《 ...

Investment Rating - The report highlights the deep-sea technology sector as a strategic emerging industry, with a projected global market size exceeding $500 billion by 2025, growing at an annual rate of over 15% [1][4]. Core Insights - The report emphasizes the rapid development of the global deep-sea technology market, with significant investment opportunities in sub-sectors such as deep-sea equipment manufacturing, resource exploration, and deep-sea biomedicine [1][4]. - The Chinese deep-sea economy is expected to reach approximately $3.25 trillion by 2025, accounting for 25% of the total marine economy, with a growth rate exceeding 20% [43][44]. Summary by Sections Industry Overview - The deep-sea technology sector has been recognized as a key area for strategic development, with the Chinese government prioritizing its growth in the 2025 Government Work Report [1][4]. - The global deep-sea technology market is projected to surpass $500 billion by 2025, with a compound annual growth rate (CAGR) of over 15% [1][4]. Industry Status - The report indicates that the global deep-sea technology market is experiencing rapid growth, with the deep-sea oil and gas sector remaining a cornerstone, while emerging fields like underwater mining and underwater vehicles are also expanding significantly [37][39]. - The underwater mining market is expected to grow from approximately $3.7 billion in 2024 to $15.9 billion by 2029, with a CAGR of 33.7% [37][39]. Investment Strategy - The report suggests focusing on investment opportunities in extreme environment equipment that relies on high-strength titanium alloys, nanocomposite materials, and intelligent control systems [4][37]. - Short-term strategies include capitalizing on domestic replacements driven by policy support, while long-term strategies should focus on breakthroughs in materials and core components [4][37]. Industry Chain and Key Enterprises - The report categorizes the industry chain into upstream (materials and technology), midstream (precision components and complete equipment), and downstream (applications and commercialization scenarios) [52][53]. - Key players in the upstream segment include companies like Western Materials and BaoTi Co., while midstream players include China Shipbuilding and China Heavy Industry [52][53].

Group 1: Company Overview and Financial Performance - The company focuses on high-precision navigation and positioning technology, developing a comprehensive product line that includes hardware and software solutions [2][3] - In 2024, the company achieved a revenue of ¥1,219,549,535.51, a year-on-year increase of approximately 2.80%, while the net profit attributable to shareholders was -¥12,449,794.70, reflecting a 97.08% increase compared to the previous year [3] - For Q1 2025, the company reported a revenue of ¥151,988,324.18, marking a growth of about 30.60% year-on-year [3] Group 2: Overseas Business Development - The company has been expanding its overseas market presence, primarily in Asia, South America, and Europe, benefiting from the "Belt and Road" initiative and the competitive pricing of domestic products [4][5] - In 2024, the company established a subsidiary in Hungary to serve as a technical and warehousing center for its European operations [4] - The company successfully won a government project in Uganda for geological disaster monitoring, marking its entry into the African market [4] Group 3: Competitive Advantages in Overseas Markets - The company has established a strong presence in 12 countries, localizing procurement, logistics, sales, and global technical services [5] - The demand for high-cost performance domestic equipment has significantly increased in overseas markets, particularly in regions along the "Belt and Road" [5] Group 4: Smart Driving and Navigation Control Applications - The company provides high-precision positioning products and solutions for various vehicles, including passenger cars and agricultural machinery [6][7] - In 2024, the smart driving business experienced a growth of approximately 40%, with over 60 vehicle models successfully integrating the company's products [8] - The company collaborates with major automotive manufacturers and technology partners to develop advanced positioning solutions for smart driving applications [8] Group 5: Marine Business and Product Offerings - The company offers a range of marine detection equipment, including single and multi-beam echo sounders and acoustic Doppler current profilers [8] - It has developed an integrated hydrological monitoring system that combines various technologies to provide comprehensive solutions for marine engineering and surveying [8]