Core Viewpoint - The launch of the "Star Eye" space perception constellation plan by Xingtou Measurement and Control aims to address the challenges of space traffic management and create a new model for space management services [2][3]. Group 1: Space Traffic Management - The "Star Eye" constellation will provide comprehensive data services and support for commercial satellite operators, government, and research institutions throughout the satellite lifecycle, significantly enhancing the reliability and success rate of on-orbit missions [2][3]. - The constellation consists of 156 satellites designed to create a global, responsive monitoring network for near-Earth orbits, utilizing Xingtou Measurement and Control's self-developed "Observer" space information analysis platform [3][4]. Group 2: Collision Risk Mitigation - The "Star Eye" system will monitor satellites and space debris, analyze satellite orbital data, and predict collision risks, thereby providing precise and efficient space traffic management data services [3][6]. - The European Space Agency (ESA) reports over 50,000 pieces of space debris larger than 10 centimeters and approximately 1.2 million pieces between 1 and 10 centimeters, highlighting the urgent need for collision risk reduction [6][7]. Group 3: Future Developments and Opportunities - The first phase of the "Star Eye" project plans to launch a test satellite in the first half of 2026, with an initial backbone constellation of 12 high-performance satellites [3][4]. - The second phase aims to establish a low-cost enhancement constellation of 144 satellites, focusing on rapid cataloging and tracking of maneuvering and newly launched targets [4]. - The National Space Administration's action plan emphasizes the need for space debris monitoring and collision warning systems, indicating a growing demand for space perception services [7][8].

一、 投资者关系活动类别 □特定对象调研 证券代码：920116 证券简称：星图测控 公告编号：2025-122 中科星图测控技术股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 □业绩说明会 □媒体采访 □现场参观 √新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 11 月 26 日 活动地点：北京市海淀区丰秀东路中关村壹号西门 A1 座 26 层空中会客厅 参会单位及人员：中央电视台、光明日报、CGTN、经济日报、科技日报、 环球时报、经济参考报、中国日报、人民政协报、中国青年报、中国工业报、中 国高新技术产业导报、中新社、中国证券报、证券时报、证券日报、上海证券报、 中国经济周刊、新华网、光明网、环球网、央广网、国际在线、凤凰网、每日经 济新闻、第一财经、观察者网、泰伯网、钛媒体、北京广播电视台、北京日报、 中信建投、中信证券、中金公司、国泰海通、东方财富、华泰证券、开源证券、 国金证券、广发证券、东方证券、山西证券 ...

Core Insights - The "Star Eye" space perception constellation plan was officially launched by China Science and Technology Star Map Control Technology Co., Ltd, aiming to create an innovative path for space traffic management and establish a new model for space management services [2] Group 1: Industry Challenges - The current space environment faces unprecedented challenges, including a rapid increase in the number of satellites in orbit, heightened collision risks, and threats to sustainable space development [2] - The importance of space situational awareness is increasingly highlighted as a foundational support for space safety, especially in the context of rising space debris and collision risks [2] Group 2: Company Initiatives - The "Star Eye" space perception constellation will consist of 156 satellites, designed to create a global, responsive near-Earth orbit monitoring network [2] - The constellation will utilize the company's independently developed "Observer" space information analysis platform and space management service platform, "Space Cloud," to track, catalog, and monitor satellites, analyze orbital data, and predict collision risks [2] Group 3: Commercial Value - The space perception constellation is becoming a key infrastructure in the commercial space era, with its core commercial value lying in building a complete ecosystem of "monitoring-warning-service" [3] - The "Star Eye" constellation, driven by AI capabilities, will provide satellite operators with rapid collision warnings and orbit determination, significantly reducing operational risks [3] - Commercial applications extend to three main areas: data services for space traffic management, insurance and risk assessment for quantifying collision probabilities, and launch window optimization for ensuring safety during rocket launches [3]

Group 1 - The "Star Eye" space perception constellation plan was officially launched by Xingtong Measurement and Control, aiming to provide new solutions for space traffic management [1] - The global satellite launch numbers are rapidly increasing, with large-scale constellation deployments becoming mainstream, leading to unprecedented challenges in the space environment [2] - The European Space Agency reported over 50,000 pieces of space debris larger than 10 cm, approximately 1.2 million pieces between 1 cm and 10 cm, and about 140 million pieces between 1 mm and 1 cm, posing significant collision risks [2] Group 2 - The "Star Eye" constellation consists of 156 satellites designed to create a global, responsive near-Earth orbit monitoring network, capable of tracking, cataloging, and analyzing satellite orbital data [4] - The construction of the constellation is divided into two phases: the first phase will establish a high-performance perception backbone with 12 satellites, while the second phase will add 144 satellites for enhanced low-cost perception [5] - The "Star Eye" constellation is positioned as a key infrastructure for the commercial space era, creating a complete ecosystem of monitoring, early warning, and service [6] Group 3 - Internationally, companies like NorthStar Earth & Space and Turion Space are developing their own satellite constellations for space situational awareness, while domestically, Xingtong Measurement and Control plans to launch experimental satellites by mid-2026 [7] - The development of space perception capabilities is crucial for collision warning and active avoidance, marking a step towards China becoming a space power and participating in future international space governance [7]

Core Insights - The company StarMap Control aims to become a global leader in space management services with the launch of its "Star Eye" space perception constellation plan, addressing the urgent need for innovative solutions in space traffic management [1][3] Industry Overview - The global interest in space exploration is increasing, with various commercial aerospace companies actively exploring industrial applications. The number of satellites is projected to rise from 12,000 to 57,000 in the next five years, highlighting a competitive landscape in the aerospace sector [1] - The space environment is facing unprecedented challenges due to an increase in space debris, with over 50,000 pieces larger than 10 centimeters currently in orbit, raising the risk of satellite collisions [1][3] Company Initiatives - StarMap Control's "Star Eye" constellation will consist of 156 satellites, with the first experimental satellites expected to launch in the first half of 2026. The initial phase will include a high-performance backbone constellation of 12 satellites, followed by a low-cost enhancement constellation of 144 satellites [3] - The company plans to provide tracking, orbit determination, and cataloging of satellites, monitor space debris, and predict collision risks, offering precise and efficient space traffic management data services [3] - StarMap Control also aims to provide space situational awareness data services to insurance companies and other third parties, promoting the healthy development of related industries [3][4]

Core Insights - The "Star Eye" space perception constellation plan was officially launched by Xingtong Measurement and Control, aiming to create an innovative path for space traffic management and establish a new model for space management services [1][2] - The current space environment faces unprecedented challenges, with an increasing number of satellites in orbit leading to heightened collision risks, threatening the sustainable development of space [1] - The National Space Administration has recently released a plan emphasizing the integration of commercial space into the overall national space development layout, highlighting the growing importance of space situational awareness for national security [1] Company Developments - The "Star Eye" constellation will consist of 156 satellites, designed to create a global, responsive near-Earth orbit monitoring network [2] - The constellation will utilize the self-developed "Observer" space information analysis platform and the space management service platform "Space Cloud" to track, orbit, and catalog satellites, monitor space debris, and analyze satellite orbit data [2] - Xingtong Measurement and Control aims to become a global leader in space management services, focusing on enhancing its capabilities and increasing R&D investment to contribute to a safer and more orderly space environment [2]

Core Viewpoint - The company Zhongke Xingtu Measurement and Control Technology Co., Ltd. has officially launched its space sensing constellation plan, aiming to establish a global space monitoring network with a total of 156 satellites to be deployed [1] Group 1: Project Phases - The constellation plan is divided into three phases, with Phase 1 scheduled to launch 2 experimental satellites in the first half of 2026 and 10 engineering satellites in 2027 to build a high-performance sensing backbone constellation [1] - Phase 2, planned for after 2028, will involve the launch of 144 enhancement satellites to create a low-cost sensing enhancement constellation, achieving a 30-minute update and release capability to address rapid cataloging of maneuvering and orbital targets [1] - Phase 3 will focus on a multi-dimensional comprehensive sensing constellation, deploying satellites for electromagnetic, imaging, multi-spectral, and infrared observations, along with the development of planning, control, processing, and analysis systems for multi-dimensional observation [1]

Core Insights - As of November 25, the total margin financing and securities lending balance on the Beijing Stock Exchange (BSE) was 7.494 billion yuan, a decrease of 49.20 million yuan from the previous trading day, marking a continuous decline for six trading days [1] - The top three stocks by margin financing balance were Jinbo Biological, Shuguang Digital Innovation, and Better Energy, with balances of 413 million yuan, 352 million yuan, and 321 million yuan respectively [1] - A total of 114 stocks on the BSE had net margin purchases on November 25, with 16 stocks having net purchases exceeding 1 million yuan, led by Naconor with a net purchase of 13.03 million yuan [1][2] Margin Financing Overview - The margin financing balance was 7.493 billion yuan, down by 49.41 million yuan from the previous day, while the securities lending balance increased to 71.54 million yuan, up by 209,800 yuan [1] - The average margin financing balance as a percentage of market capitalization for the top stocks was 1.36%, with the highest ratios for Chenguang Cable, Audiwei, and Shisheng Intelligent at 4.86%, 4.47%, and 4.36% respectively [1] Industry Performance - The industries with the highest concentration of stocks with net margin purchases over 1 million yuan included machinery equipment, power equipment, and computers, with 4, 3, and 2 stocks respectively [2] - On November 25, stocks with net margin purchases over 1 million yuan had an average decline of 1.22%, with notable gainers including Anda Technology, Xingtou Measurement Control, and Wanda Bearings, which rose by 5.51%, 2.89%, and 2.26% respectively [2] Stock Activity - The weighted average turnover rate for stocks with net margin purchases over 1 million yuan was 6.82%, with the highest turnover rates for Dapeng Industrial, Chenguang Optical, and Gais Food at 83.87%, 12.37%, and 10.53% respectively [2] - The average daily turnover rate for BSE stocks on November 25 was 2.51% [2] Notable Stocks - Naconor had the highest increase in margin financing balance on November 25, with a balance of 148.15 million yuan, despite a price drop of 2.52% [2][3] - Other notable stocks with significant margin financing increases included Bond Shares, Xingtou Measurement Control, and Jinbo Biological, with increases of 5.15 million yuan, 5.14 million yuan, and 4.82 million yuan respectively [3][4]

Event Overview - The 2025 Third China Commercial Space Development Conference and the Fourth Zhongguancun Commercial Space Conference will be held in Beijing from December 18 to 19, marking the first national industry event initiated and implemented by industry social organizations in the commercial space sector [1] - Additional major space industry events are scheduled from January to March 2026, including the Third Beijing Commercial Space Industry High-Quality Development Conference and the 2026 Beijing International Commercial Space Exhibition [1] Industry Development Acceleration - The establishment of the Commercial Space Administration signifies a key institutional development, expected to enhance coordination across multiple departments and improve efficiency in satellite industry development, including launch approvals and operational licensing [2] - Analysts from CITIC Securities and Huatai Securities highlight a triple inflection point for the commercial space sector, driven by policy, performance, and technology advancements [2] - The Chinese commercial space industry is projected to reach a value of 2.8 trillion yuan by 2025 [2] Satellite Application Focus - The core of commercial space is identified as satellite applications, which are increasingly integrated with technologies like 6G and AI, leading to rapid expansion in various new business trials [3] - The number of satellite launches is expected to grow by 100%-200% annually during the 14th Five-Year Plan period, with satellite connectivity becoming mainstream in consumer markets [3] Historical Performance of Key Players - Huawei's launch of the HUAWEI Mate 60 Pro, the first mass-market smartphone supporting satellite calls, has significant implications for the industry [4] - Huali Chuantong, a leader in satellite internet, experienced over 200% stock price increase from August 29 to October 11 [5] Related Concept Stocks - A list of concept stocks related to the commercial space industry includes companies involved in solar wings, satellite operations, rocket manufacturing, and testing services, indicating a broad investment landscape [7]

证券代码：920116 证券简称：星图测控 公告编号：2025-120 中科星图测控技术股份有限公司 第二届董事会专门委员会换届公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 为保证董事会各专门委员会的正常运作，公司于 2025 年 11 月 21 日召开公司第二 届董事会第一次会议，审议通过了《关于选举公司第二届董事会各专门委员会委员的议 案》，现将有关情况公告如下： 一、换届基本情况 根据《公司法》《公司章程》等有关规定，公司第二届董事会换届选举第二届董事 会各专门委员会委员，任期三年，自公司第二届董事会第一次会议审议通过之日起至第 二届董事会任期届满之日止。具体情况如下： | 序号 | 董事会专门委员会 | 委员 | 召集人 | | --- | --- | --- | --- | | 1 | 审计委员会 | 赵素艳女士、谢传梅女士、李会丹女士 | 赵素艳女士 | | 2 | 战略委员会 | 胡煜先生、牛威先生、赵保军先生 | 胡煜先生 | | 3 | 提名委员会 | 谢传梅女士、赵保军先生、李 ...