ELECSPN(SZ:002935) Jing Ji Guan Cha Wang·2026-02-11 06:24Company Overview - Tianao Electronics (002935) is expected to release its financial report for Q4 2025 and the full year in Q1 or Q2 of 2026, with a focus on revenue and net profit stabilization, as well as progress in defense information technology products [1] - The Q3 2025 financial report shows revenue of 536 million yuan, a year-on-year decrease of 7.12%, and a net profit attributable to shareholders of 15.22 million yuan, down 4.51% year-on-year [1] Industry Policy and Environment - Policies related to satellite internet and low-altitude economy may impact the company's business, with Tianao's rubidium clock products already applied in BeiDou navigation satellites and China Star Network projects [2] - Technological breakthroughs and market expansion will require attention to subsequent order releases and changes in industry prosperity, particularly in the military electronics sector driven by national defense information construction [2] Financial Trends - As of February 2, 2026, the financing balance is 309 million yuan, accounting for 3.41% of the circulating market value, which is at a near one-year low; the high margin balance indicates a divergence in market sentiment [3] - The number of shareholders decreased by 10.67% as of the end of September 2025, with Hong Kong Central Clearing Limited entering the top ten circulating shareholders, suggesting a long-term investment intention [3]