Genew(SH:688418) Mei Ri Jing Ji Xin Wen·2026-02-09 12:24Group 1 - The company Zhenyou Technology has been banned from participating in military procurement activities for one year due to providing false materials during bidding processes [2] - The company's legal representative and other enterprises managed by him are also prohibited from participating in military procurement during the ban period [2] - Zhenyou Technology plans to conduct a comprehensive review of its internal operational processes to ensure compliance in future operations [2] Group 2 - Zhenyou Technology, established in 2005, specializes in communication network equipment and technology solutions, with core business areas including core network systems and smart emergency systems [2] - The company has a low revenue contribution from the satellite internet sector, accounting for approximately 7.15% of total revenue in the first three quarters of 2025 [3] - The company expects a net loss of between 46 million to 69 million yuan for the fiscal year 2025, primarily due to increased competition in the bidding market and a decline in traditional communication business [3][4] Group 3 - The core network system business has seen growth due to stable orders in satellite internet and 5G sectors, but the overall revenue and gross margin have declined due to changes in product sales structure [4] - The subsidiary Hangzhou Chenxiao Technology has experienced a decline in performance due to delays in sales orders caused by client organizational changes, leading to a need for goodwill impairment provision [5]