Market Overview - The A-share market showed weakness today, with the Shanghai Composite Index closing down by 0.18% and a total trading volume of 1.02 trillion yuan. Over 2,600 stocks rose while 2,576 fell, with 95 stocks hitting the daily limit up and 5 hitting the limit down [1]. Sector Performance - The agricultural chemical sector saw significant gains in the afternoon, with Zhongqi Co. hitting the daily limit up. Other stocks like Zhongnong United, Guangxin Co., and Lier Chemical also reached the limit up [1]. - Consumer goods stocks performed strongly throughout the day, particularly in the beverage manufacturing and clothing sectors, which had the highest gains [1]. Historical Highs - A total of 23 stocks reached historical closing highs today, with a concentration in the machinery equipment, pharmaceutical biology, and food and beverage sectors, featuring 6, 5, and 2 stocks respectively [2]. - The average increase for stocks that reached historical highs was 6.98%, with notable gainers including Hahai Huadong, Jinlongyu, and Jinghua Laser [2]. Institutional Activity - In the institutional trading board, 10 stocks saw net purchases from institutions, with Xinghui Co. leading at a net buy of 34.13 million yuan, followed by Qingdao Jinwang at 26.84 million yuan [5]. - Conversely, stocks like Xindadi and Nuofeng experienced net sales exceeding 40 million yuan [4]. Northbound Capital - Northbound capital saw net purchases in stocks like Greebo and Fenghuo Electronics exceeding 20 million yuan, while net sales over 20 million yuan were recorded for Baili Electric and San Sheng Guo Jian [6]. Corporate Announcements - Sichuan Road and Bridge is planning to acquire 100% equity of Chengdu Xinzhu Transportation Technology Co. from its controlling shareholder, which is expected to constitute a related party transaction [7]. - Muyuansheng has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange [7]. - Keke Technology plans to repurchase shares for an employee stock ownership plan, with a budget of 10 to 20 million yuan [7]. - Zhizhi Co. announced a commitment from its controlling shareholder to not reduce their holdings from May 30 to December 31, 2025 [8].

Group 1 - China Merchants Industry announced the termination of the restructuring and spin-off of its subsidiaries, China Merchants Jinling and China Merchants Roll-on Roll-off, due to a lack of consensus on transaction terms and changes in market conditions [2] - Sichuan Road and Bridge is planning a related party transaction to acquire 100% equity and debt rights of Chengdu New Road and Bridge Machinery Co., which is expected to be a related party transaction but not a major asset restructuring [2] - Guotai Junan Securities plans to increase its capital by 1.5 billion yuan to Guotai Junan Futures Co., Ltd. to supplement its net capital [5] Group 2 - Innovation New Materials intends to register and issue short-term financing bonds not exceeding 500 million yuan and medium-term notes not exceeding 1.5 billion yuan to enhance liquidity management [3] - Gree Electric's wholly-owned subsidiary plans to sell 5.9088% equity of Winshang Technology for 62.6333 million yuan, which will improve asset liquidity and cash flow [4] - Yapu Co. plans to purchase approximately 54.5% of Winshang Technology for about 578 million yuan to accelerate its strategic development in key automotive components [6] Group 3 - Deep Highway announced that Yunshan Capital increased its holdings in the company's H-shares by 10.81 million shares, bringing its total shareholding to 254 million shares, accounting for 10% of the total share capital [7] - Aichuang Data plans to procure servers worth up to 4 billion yuan to provide computing power leasing services [8] - Luoping Zinc Electric is transferring 22.4% of its shares to Qujing Development Investment Group, with trading suspension starting from May 28 due to control change planning [9] Group 4 - Zhongke Haixun signed a contract for an information processing subsystem procurement project worth 163 million yuan [10] - Enhua Pharmaceutical's associate company Jiangsu Haoxin Qing plans to go public overseas to expand financing channels and is establishing a red-chip structure [11] - Yunnan Energy Investment has been awarded the development rights for three wind farm projects, including the Fuyuan Nanchong Wind Farm [13]

Group 1 - The company, Zhongke Haixun, has signed a contract for an information processing subsystem procurement project with a client, amounting to RMB 163 million [1] - This contract represents 68.00% of the company's audited main business revenue for the year 2024, indicating a significant impact on future operating performance [1] - The contract has been officially signed and is effective, with both parties possessing the capability to fulfill their obligations [1] Group 2 - There are potential uncertainties in the execution of the contract due to force majeure or other factors, which may affect timely or complete performance, delivery, and acceptance progress [1]

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300810 证券简称：中科海讯 公告编号：2025-065 北京中科海讯数字科技股份有限公司 关于签订日常经营重大合同的公告 特别提示： 1、合同的生效条件：本合同经各方签字、加盖公章后生效。 2、重大风险及重大不确定性：本合同已正式签署并生效，合同双方均具有 相应的履约能力，不存在法律法规、履约能力等方面的不确定性和风险，但在合 同履行过程中，如遇外部宏观环境发生重大变化、行业政策调整、市场环境变化 等不可抗力或其他因素的影响，可能会导致合同无法如期或全面履行、交付及验 收进度存在不确定性。 3、合同履行对上市公司本年度经营成果的影响：本合同的签订和履行预计 将对公司未来经营业绩产生积极影响，具体会计处理以及对公司当年损益的影响 情况需以审计机构年度审计确认后的结果为准。 敬请广大投资者理性投资，注意投资风险。 一、合同签署概况 近日，北京中科海讯数字科技股份有限公司（以下简称"公司"）与某客户 签订了《某信息处理分系统采购项目合同》，合同期限自合同生效之日起至本合 同规定的权利与义务完成后终止，合 ...

北京中科海讯数字科技股份有限公司 监事会关于 2025 年限制性股票激励计划 激励对象名单的公示情况说明及核查意见 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300810 证券简称：中科海讯 公告编号：2025-063 北京中科海讯数字科技股份有限公司（以下简称"公司"）已于 2025 年 5 月 12 日召开第四届董事会第四次会议和第四届监事会第四次会议，审议通过了 《关于公司<2025 年限制性股票激励计划（草案）>及其摘要的议案》等相关议 案。2025 年限制性股票激励计划（以下简称"本激励计划"）具体内容详见公司 于 2025 年 5 月 13 日披露在巨潮资讯网（http://www.cninfo.com.cn）上的相关公 告。 根据《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》"）、 《上市公司股权激励管理办法》 （以下 简称"《管理办法》"）、 《深圳证券交易所创业板股票上市规则》 （以下简称"《上 市规则》"）、 （二）公示期间：2025 年 5 月 13 日至 2025 ...

北京中科海讯数字科技股份有限公司 关于召开 2025 年第二次临时股东大会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 北京中科海讯数字科技股份有限公司（以下简称"公司"或"中科海讯" ） 第四届董事会第四次会议决定于 2025 年 5 月 28 日（星期三）下午 14：00 召开 年 5 月 13 日在中国证监会指定创业板信息披露媒体上进行公告。本次股东大会 将采取现场投票及网络投票相结合的方式召开，根据相关规定，现将会议有关事 项再次提示如下： 一、本次股东大会召开的基本情况 （一）会议届次：2025 年第二次临时股东大会 （二）会议召集人：公司董事会 证券代码：300810 证券简称：中科海讯 公告编号：2025-064 （三）会议召开的合法性及合规性：经公司第四届董事会第四次会议审议通 过，决定召开 2025 年第二次临时股东大会。本次会议的召集召开符合《中华人 民共和国公司法》《深圳证券交易所创业板股票上市规则》等法律法规、规范性 文件以及《公司章程》的有关规定。 （四）会议召开的日期和时间 为 2025 年 5 月 28 日 9：1 ...

证券代码：300810 证券简称：中科海讯 公告编号：2025-064 北京中科海讯数字科技股份有限公司 关于召开 2025 年第二次临时股东大会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 北京中科海讯数字科技股份有限公司（以下简称"公司"或"中科海讯"） 第四届董事会第四次会议决定于 2025 年 5 月 28 日（星期三）下午 14：00 召开 2025 年第二次临时股东大会（以下简称"本次股东大会"）。会议通知已于 2025 年 5 月 13 日在中国证监会指定创业板信息披露媒体上进行公告。本次股东大会 将采取现场投票及网络投票相结合的方式召开，根据相关规定，现将会议有关事 项再次提示如下： 一、本次股东大会召开的基本情况 （一）会议届次：2025 年第二次临时股东大会 （二）会议召集人：公司董事会 （三）会议召开的合法性及合规性：经公司第四届董事会第四次会议审议通 过，决定召开 2025 年第二次临时股东大会。本次会议的召集召开符合《中华人 民共和国公司法》《深圳证券交易所创业板股票上市规则》等法律法规、规范性 文件以及《公司章程》的 ...

（三）公 示 方 式 ： 公 司 于 2025 年 5 月 13 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露了《2025 年限制性股票激励计划激励对象名 单》，并于 2025 年 5 月 13 日通过公司内部张贴公告的方式对本次激励对象名单 及职务予以公示。 证券代码：300810 证券简称：中科海讯 公告编号：2025-063 北京中科海讯数字科技股份有限公司 监事会关于 2025 年限制性股票激励计划 激励对象名单的公示情况说明及核查意见 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 北京中科海讯数字科技股份有限公司（以下简称"公司"）已于 2025 年 5 月 12 日召开第四届董事会第四次会议和第四届监事会第四次会议，审议通过了 《关于公司<2025 年限制性股票激励计划（草案）>及其摘要的议案》等相关议 案。2025 年限制性股票激励计划（以下简称"本激励计划"）具体内容详见公司 于 2025 年 5 月 13 日披露在巨潮资讯网（http://www.cninfo.com.cn）上的相关公 告。 根据《 ...

Group 1: Company Overview - The company focuses on the research, production, and sales of sonar equipment in the national special electronic information industry [2][3] - Key products include signal processing platforms, sonar systems, underwater big data, simulation training systems, unmanned detection systems, and data computing centers [3] Group 2: Signal Processing Platform - The signal processing platform is the main information processing unit for sonar equipment, enabling real-time digital signal processing, multi-channel signal acquisition, and data communication [4] - Main customers include national special departments and large state-owned enterprises, with a focus on supporting sales to research institutions [5] Group 3: Market Trends and Development - The company anticipates a new round of development opportunities due to increased national defense investment and the growing demand for domestic products [6] - The order volume for the third-generation domestic underwater signal processing platform is steadily increasing, with significant revenue growth expected in 2024 compared to the previous year [6][7] Group 4: Competitive Advantages - The company has established long-term stable relationships with quality customers and possesses comprehensive industry qualifications and technical expertise [8] - Strong engineering design capabilities and experience allow the company to meet high reliability and compatibility requirements in harsh environments [8] Group 5: Simulation Training Systems - The sonar simulation technology is used for real-time or non-real-time simulation of sonar systems and underwater applications, primarily for training, decision-making support, and scenario simulation [9] - The company has developed a series of simulation training products, including a simulation evaluation platform and a simulation deduction system, which have been delivered [10] Group 6: Future Planning - The company plans to leverage its leading advantages in sonar equipment to expand applications in the deep-sea technology sector, which has been identified as a strategic emerging industry [11] - Collaboration with large domestic groups in technology, research, and services is planned to promote mutual development in the sonar equipment field [11]

Investment Rating - The report maintains an "Outperform" rating for the defense and military industry [5]. Core Insights - NATO is expected to increase defense budgets, presenting new opportunities for military trade, particularly for China [2][35]. - The defense industry is poised for long-term growth, with recovery in demand and a clear roadmap for modernization by 2035 and 2050 [3][36]. - The low-altitude economy is gaining attention, supported by recent policies and strategic partnerships, indicating a potential growth area [31][34]. Summary by Sections Market Review - The Shenwan Defense and Military Index fell by 1.18%, ranking 30th among 31 sectors [1][13]. - The PE (TTM) ratio for the defense sector is 74.26, with aerospace equipment at 133.63 and ground armaments at 138.63 [19][27]. Key Recommendations - Focus on downstream manufacturers such as Hongdu Aviation and AVIC Shenyang Aircraft [4]. - Highlight new technologies in military applications, including companies like Lianchuang Optoelectronics and Guangqi Technology [4]. - Emphasize underwater equipment and missile industry chains, with key players like Hailanxin and Guokai Military Industry [4]. Industry Dynamics - The global military trade market is expected to grow due to increased defense spending, particularly in NATO countries [2][35]. - China's military trade exports are anticipated to rise, benefiting from geopolitical tensions and a competitive edge in weaponry [41][39].