Sunwave(SZ:002115) Zheng Quan Shi Bao Wang·2026-01-26 13:31Core Viewpoint - The company, Sanwei Communication, has announced a joint investment in the Quzhi Fund, focusing on high-tech industries such as intelligent manufacturing, aerospace, and new energy, with a total commitment of 114 million yuan, of which the company contributes 25 million yuan, representing 21.93% of the total fund size [1][2]. Investment Details - The Quzhi Fund will invest in non-listed equity in high-tech sectors, leveraging the expertise of professional investment institutions to identify growth potential and achieve good investment returns [2]. - The fund's total subscribed capital is 114 million yuan, with the company as a limited partner contributing 25 million yuan [1]. Financial Performance - The company forecasts a net profit attributable to shareholders of between -15 million yuan and -10 million yuan for 2025, compared to a loss of 27.14 million yuan in the same period last year [2]. - The expected annual revenue for 2025 is projected to be between 10 billion yuan and 15 billion yuan [2]. Business Adjustments - The domestic traditional communication industry is undergoing a phase of adjustment, leading to a slowdown in overall growth, which has affected the company's domestic business revenue and gross profit [3]. - The company is optimizing its business structure by gradually reducing lower-margin service projects, impacting current revenue levels [3]. International Operations - The company's foreign sales are primarily denominated in US dollars, and fluctuations in the international foreign exchange market have negatively impacted exchange gains and losses due to the depreciation of the dollar against the yuan [3]. - The company’s satellite communication operations, particularly through its subsidiary Haiwei Tong, have seen revenue growth, reaching 93.46 million yuan in the first half of 2025 [3].