NNCC(SH:600435) Xin Lang Cai Jing·2025-12-30 01:37Group 1 - The core point of the article highlights the performance of Beifang Navigation, which saw a 1% decline in stock price, trading at 14.80 yuan per share, with a total market capitalization of 22.368 billion yuan [1] - Beifang Navigation's main business involves guidance control, navigation control, detection control, environmental control, stability control, radio and satellite communication, and electrical connectors, with military products accounting for 99.43% of revenue and civilian products only 0.57% [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund has a significant position in Beifang Navigation, with the China Merchants CSI Satellite Industry ETF holding 1.4254 million shares, representing 5.51% of the fund's net value, making it the sixth-largest holding [2] - The estimated floating loss for the fund on the current day is approximately 213,800 yuan [2] Group 3 - The China Merchants CSI Satellite Industry ETF was established on May 14, 2025, with a current size of 386 million yuan and a cumulative return of 65.09% since inception [3] - The fund manager, Xu Rongman, has been in position for 4 years and 282 days, overseeing total assets of 32.689 billion yuan, with the best and worst fund returns during the tenure being 62.15% and -64.01%, respectively [3]