证券代码：920116 证券简称：星图测控 公告编号：2025-112 中科星图测控技术股份有限公司 独立董事候选人声明与承诺 （二）《中华人民共和国公务员法》的相关规定； （三）中国证监会《上市公司独立董事管理办法》的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 （离）休后担任上市公司、基金管理公司独立董事、独立监事的通知》的相关规 定； 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。 本人谢传梅，已充分了解并同意由提名人中科星图测控技术股份有限公司董 事会提名为中科星图测控技术股份有限公司第二届董事会独立董事候选人。本人 公开声明，本人具备独立董事任职资格，保证不存在任何影响本人担任中科星图 测控技术股份有限公司独立董事独立性的关系，具体声明并承诺如下： 一、本人已同时符合以下条件： （一）具备上市公司运作的基本知识，熟悉相关法律法规、部门规章、规范 性文件及北交所业务规则； （二）具有五年以上履行独立董事职责所必需的法律、会计或者经济等工作 经验； （三）具有良好 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-113 中科星图测控技术股份有限公司 独立董事候选人声明与承诺 （二）具有五年以上履行独立董事职责所必需的法律、会计或者经济等工作 经验； （三）具有良好的个人品德，不存在重大失信等不良记录； （四）北交所规定的其他条件。 二、本人任职资格符合下列法律法规、部门规章和规范性文件及北交所业务 规则的要求： （一）《公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》的相关规定； 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。 本人赵素艳，已充分了解并同意由提名人中科星图测控技术股份有限公司董 事会提名为中科星图测控技术股份有限公司第二届董事会独立董事候选人。本人 公开声明，本人具备独立董事任职资格，保证不存在任何影响本人担任中科星图 测控技术股份有限公司独立董事独立性的关系，具体声明并承诺如下： 一、本人已同时符合以下条件： （一）具备上市公司运作的基本知识，熟悉相关法律法规、部门规章、规范 性文件及北交所业务规则； （三）中国 ...

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。 提名人中科星图测控技术股份有限公司董事会，现提名赵保军为中科星图测 控技术股份有限公司第二届董事会独立董事候选人，并已充分了解被提名人职业、 学历、职称、详细的工作经历、全部兼职、有无重大失信等不良记录等情况。被 提名人已书面同意出任中科星图测控技术股份有限公司第二届董事会独立董事 候选人（参见该独立董事候选人声明与承诺）。提名人认为，被提名人具备独立 董事任职资格，与中科星图测控技术股份有限公司之间不存在任何影响其独立性 的关系，且提名人与被提名人不存在利害关系或者可能妨碍被提名人独立履职的 其他关系，具体声明并承诺如下： 一、被提名人已同时符合以下条件： （一）具备上市公司运作的基本知识，熟悉相关法律法规、部门规章、规范 性文件及北交所业务规则； 证券代码：920116 证券简称：星图测控 公告编号：2025-108 中科星图测控技术股份有限公司 独立董事提名人声明与承诺 （二）具有五年以上履行独立董事职责所必需的法律、会计或者经济等工作 经验； （三 ...

一、会议召开基本情况 （一）股东会届次 本次会议为 2025 年第四次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 证券代码：920116 证券简称：星图测控 公告编号：2025-114 中科星图测控技术股份有限公司 关于召开 2025 年第四次临时股东会通知公告（提供网络投票） 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。 2、网络投票起止时间：2025 年 11 月 20 日 15:00—2025 年 11 月 21 日 15:00。 根据《公司法》和《公司章程》的有关规定，公司董事会于 2025 年 11 月 6 日召开第一届董事会第二十九次会议，审议通过了《关于提请召开公司 2025 年 第四次临时股东会的议案》，表决结果为同意 9 票，反对 0 票，弃权 0 票。 （三）会议召开的合法合规性 本次会议的召集、召开符合《公司法》和《公司章程》等有关规定。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 本次股东会提供现场投票和网络投票两种投票方式，公司同一股东应 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-106 中科星图测控技术股份有限公司 第一届董事会第二十九次会议决议公告 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。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 11 月 6 日 2.会议召开地点：公司会议室 4.发出董事会会议通知的时间和方式：2025 年 11 月 3 日以邮件方式发出， 全体董事一致同意豁免本次董事会提前通知的要求。 5.会议主持人：董事长胡煜 6.会议列席人员：部分高级管理人员 7.召开情况合法合规的说明： 本次会议召集、召开、议案审议程序等方面符合《公司法》和《公司章程》 的有关规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案审议情况 （一）审议通过《关于公司董事会换届选举暨提名第二届董事会非独立董事的议 案》 1.议案内容： 鉴于公司第一届董事会任期将届满，根据《公司法》《北京证券交易所股票 上市规则》《公司章程》等有关规定，公司拟进行 ...

Group 1: Market Overview - The recent volatility in the US stock market has raised concerns about a potential new round of market correction, with the Nasdaq dropping by 2% on November 4 and significant declines in Japanese and Korean markets [2][11] - The tightening of dollar liquidity due to the US government shutdown has been identified as a catalyst for increased market fluctuations, with the Treasury General Account (TGA) rising by $200 billion since October [11] Group 2: North Exchange Market Analysis - The North Exchange's Q3 report shows a revenue growth of 5.3% year-on-year, but net profit decreased by 5.0%, indicating ongoing profitability challenges [10][12] - The return on equity (ROE) improved slightly to 6.1%, with asset turnover at 62.0% and net profit margin at 5.6% [10][12] Group 3: Investment Opportunities in Specific Sectors - The industrial automation sector is highlighted as a growth area, with the company achieving market share increases in low-voltage frequency converters and servo systems from 1.80% and 0.55% in 2019 to 3.02% and 2.30% by 2024 [19] - The human-shaped robot industry is also noted for its potential, with the company leveraging its automation technology to reduce R&D cycles and costs [19][20] Group 4: Pharmaceutical Sector Performance - The pharmaceutical sector reported a total revenue of 18,064 billion yuan in the first three quarters of 2025, with a slight year-on-year decline of 1.9% [21][24] - The innovative drug segment showed a significant revenue increase of 36% in Q3, indicating strong growth potential [21][24]

在此背景下，为遏制投机套利倾向、维护战略投资者机制的本源定位，北交所在前述发行上市审核 动态中明确，参与战略配售的投资者应当具备良好的市场声誉和影响力，具有较强资金实力，认可发行 人长期投资价值。发行人和主承销商可以自主确定是否采用战略配售，并在《北京证券交易所证券发行 与承销管理细则》规定的上限内自主设定战略配售股份比例。同时，为进一步提升战略配售安排的公平 性、规范性，防范利益输送风险，北交所特别强调，主承销商应加强对战略投资者选择标准、配售资格 的核查。 具体来看，根据北交所最新要求，可参与战略配售的投资者主要包括六类：一是与发行人经营业务 具有战略合作关系或长期合作愿景的大型企业或其下属企业；二是具有长期投资意愿的大型保险公司或 其下属企业、国家级大型投资基金或其下属企业；三是以公开募集方式设立，主要投资策略包括投资战 略配售股票，且以封闭方式运作的证券投资基金；四是参与跟投的保荐机构相关子公司；五是发行人的 高级管理人员与核心员工参与本次战略配售设立的专项资产管理计划或员工持股计划；六是符合法律法 规、业务规则规定的其他投资者。 资深新三板评论人、北京南山投资创始人周运南表示，支持北交所在战略配售上 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [6][12]. Core Views - The company reported a revenue of 188 million yuan for the first three quarters of 2025, representing a year-on-year growth of 15.57%. The net profit attributable to the parent company was 63 million yuan, up 25.28% year-on-year [6]. - The third quarter of 2025 saw a revenue of 89 million yuan, with a year-on-year increase of 9.26%, while the net profit attributable to the parent company reached 31 million yuan, growing by 26.37% year-on-year [6][9]. - The report indicates that the company's performance is in line with expectations, with improvements in both gross margin and net margin compared to the same period last year [8][9]. Summary by Sections Revenue Performance - The revenue growth rate in the third quarter continued to decline, potentially due to seasonal factors. The revenue for Q3 2025 was 89 million yuan, down from 56 million yuan in Q2 2025, which had a growth rate of 13.57% [7]. - The report anticipates a potential turnaround in performance for the fourth quarter, as revenue recognition in the aerospace industry is primarily concentrated in the second half of the year [7]. Profitability - The overall profitability is in line with expectations, with the gross margin for Q3 2025 at 57.68%, an increase of 6.90 percentage points year-on-year, and the net margin at 34.43%, up 4.67 percentage points year-on-year [9]. Financial Forecast - The company is projected to achieve revenues of 377 million yuan, 476 million yuan, and 589 million yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 30.63%, 26.31%, and 23.73% [10][12]. - The net profit attributable to the parent company is expected to be 110 million yuan, 142 million yuan, and 174 million yuan for the same years, with growth rates of 28.95%, 29.57%, and 22.25% respectively [10][12].

Macro Strategy - The October PMI has decreased to 49% from 49.80% in September, influenced by the "Eleventh" holiday and fluctuations in Sino-US trade affecting manufacturing activities [2][3] - A-share indices experienced fluctuations with the Shanghai Composite Index slightly rising by 0.11% and the ChiNext Index rising by 0.50%, while the CSI 300 fell by 0.43% [3] Industry Overview - In the automotive sector, the penetration rate of new energy vehicles (NEVs) has reached 60%, marking a significant structural change in China's passenger car market [14] - In October, approximately 1.32 million NEVs are expected to be sold, with the penetration rate hitting a historical peak, reflecting a rapid increase from 1.42% in January 2018 to over 60% in just six years [15][16] - The growth in NEV sales is driven by government policies promoting the replacement of old fuel vehicles and consumer preferences for newer, cost-effective technologies [15] - The automotive industry is expected to see continued investment opportunities in the NEV supply chain, including vehicle manufacturing, battery production, charging infrastructure, and smart technologies [16] Investment Recommendations - The automotive sector is positioned for growth due to the acceleration of smart technologies and supportive policies, with a focus on companies leading in intelligent driving and cockpit technologies [17] - Investors are advised to pay attention to high-quality companies in the NEV sector, particularly those with strong market shares and technological advantages [17]

Core Insights - The Beijing Stock Exchange (BSE) is focusing on supporting small and medium-sized enterprises (SMEs) and has achieved positive results in facilitating their innovation and development [1][2][3] - The introduction of the North Exchange 50 ETF is expected to attract stable passive investment funds, improving the investor structure and enhancing market vitality [1][6] - The BSE aims to optimize its listing standards and enhance its regulatory framework to better serve innovative SMEs and traditional industry transformations [3][9] Group 1: Market Structure and Composition - Over 80% of the 280 listed companies on the BSE are SMEs, with nearly 90% being private enterprises, and over 50% classified as national-level specialized and innovative "little giant" companies [1][2] - The average R&D intensity of listed companies on the BSE is 4.5%, which is 2.86 percentage points higher than the average for regulated enterprises [2] Group 2: Strategic Initiatives - The BSE plans to enhance its listing mechanism, utilizing the fourth set of standards for unprofitable companies and optimizing disclosure requirements for innovation attributes [2][3] - There is a focus on improving the adaptability and precision of the listing review system and enhancing merger and acquisition tools to direct financial resources towards key technology sectors [3] Group 3: Financial Support and Investment - The BSE is working to attract long-term patient capital to support innovative SMEs, addressing the funding gap often referred to as the "valley of death" in technology commercialization [5][6] - The BSE aims to establish more public fund products that primarily invest in small-cap stocks and enhance services for various types of funds, including social security and insurance [6] Group 4: Ecosystem Development - The BSE emphasizes collaboration with government departments and market institutions to create a supportive ecosystem for innovative SMEs [7] - There is a commitment to enhancing international cooperation and expanding international exchanges to improve the market's global integration [7] Group 5: Regulatory Framework - The BSE is in a critical phase of establishing foundational regulations and enhancing supervision to improve the quality of listed companies [8][9] - The BSE will implement a comprehensive regulatory mechanism to ensure strict listing standards and continuous oversight, reinforcing the responsibilities of intermediary institutions [9]