西安西测测试技术股份有限公司 第二届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 西安西测测试技术股份有限公司（以下简称"公司"）第二届董事会第二十六 次会议（以下简称"本次会议"）通知于 2025 年 9 月 15 日以邮件、电话等方式送 达公司全体董事，会议于 2025 年 9 月 18 日以现场结合通讯方式在公司会议室召 开。本次会议应出席董事 9 人，实际出席董事 9 人，其中董事王乾先生以通讯方 式出席。本次会议符合召开董事会会议的法定人数。本次会议由董事长李泽新先 生召集并主持。 本次会议的召集、召开符合《中华人民共和国公司法》等法律、法规、规范 性文件和《公司章程》的有关规定，会议合法有效。 证券代码：301306 证券简称：西测测试 公告编号：2025-048 在保证资金安全的前提下，同意公司及其控股子公司拟使用不超过人民币 10,000 万元（含本数）的闲置募集资金和不超过人民币 20,000 万元（含本数） 的闲置自有资金进行现金管理，使用期限自公司董事会审议通过之日起 12 个月 内 ...

Summary of Military Testing Industry Conference Call Industry Overview - The military testing industry is crucial for ensuring the quality and safety of weaponry throughout its entire lifecycle, including environmental adaptability and reliability testing, electronic component screening, and electromagnetic compatibility testing [1][2][3] - The current military industry is experiencing high demand, with national defense spending projected to reach 1,784.665 billion yuan in 2025, reflecting a year-on-year growth of 7.2% [1][5] - If the proportion of R&D testing and evaluation expenses aligns with that of the U.S. military, the market size for this sector in China could be approximately 282 billion yuan in 2025 [1][5] Key Players and Performance - Major players in the domestic military testing sector include listed companies such as Su Test and Guangdian Measurement, as well as non-listed entities like the Aerospace Science and Industry Corporation [8] - Guangdian Measurement, a local state-owned enterprise, derives 30% of its revenue from military testing and has seen significant growth due to increased special industry orders in the final year of the 14th Five-Year Plan [12] - Su Test focuses on testing equipment and services, with military business accounting for about 50% of its revenue. The company reported a profit growth of 26% and revenue growth of 18% in the second quarter of 2025, benefiting from the recovery of military testing services [13][14] Market Dynamics and Trends - The military testing industry has high entry barriers, including qualification, technical, and customer barriers. Companies must obtain three key military qualifications, adhere to strict military standards, and establish long-term customer relationships [6][7] - The market is witnessing an increase in the penetration of third-party testing companies, indicating sustained growth in military testing demand [3][5] Financial Targets and Challenges - Torch Electronics has set ambitious targets for 2025, aiming for revenue of no less than 4 billion yuan and net profit of at least 500 million yuan, which would require nearly tripling its net profit from 2024 [9] - Despite the challenges, the company shows confidence in future market demand and its capabilities [9] Conclusion - The military testing industry is positioned for growth, supported by robust national defense spending and increasing demand for testing services across various stages of weaponry development. Key players are adapting to market conditions and optimizing their operations to enhance profitability and service delivery [1][12][14]

Core Points - The company has reduced its shareholding from 14.2180% to 4.9999% through centralized bidding and block trading, indicating a significant decrease in ownership [1] - This change in shareholding will not lead to a change in the company's control or significantly impact its governance structure and ongoing operations [1] - The information disclosing parties do not rule out the possibility of further share reductions within the next 12 months [1]

Core Viewpoint - The announcement from Xicet Testing indicates a significant reduction in shareholding by major stakeholders, but it will not affect the company's control or governance structure [1] Group 1: Shareholding Changes - The information disclosure obligors, Fengnian Junyue, Fengnian Junchuan, and Fengnian Jun, have reduced their holdings through centralized bidding and block trading [1] - Before the change, they collectively held 12 million shares, accounting for 14.2180% of the company's total share capital [1] - After the reduction, their total holdings decreased to 4.2199 million shares, representing 4.9999% of the total share capital [1] Group 2: Impact on Company - The reduction in shareholding will not lead to a change in the company's control [1] - There will be no significant impact on the company's governance structure or its ongoing operations [1]

证券代码：301306 证券简称：西测测试 公告编号：2025-047 西安西测测试技术股份有限公司 关于合计持股 5%以上股东持股比例降至 5%以下的 权益变动提示性公告 合计持股 5%以上股东宁波梅山保税港区丰年君悦投资合伙企业（有限合 伙）、成都川创投丰年君传军工股权投资基金合伙企业（有限合伙）、宁波梅 山保税港区丰年君和创业投资合伙企业（有限合伙）保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 1、本次权益变动前，合计持股 5%以上股东宁波梅山保税港区丰年君悦投 资合伙企业（有限合伙）、成都川创投丰年君传军工股权投资基金合伙企业（有 限合伙）、宁波梅山保税港区丰年君和创业投资合伙企业（有限合伙）共持有 公司股份 12,000,000 股，占公司总股本的 14.2180%。本次权益变动后，宁波梅 山保税港区丰年君悦投资合伙企业（有限合伙）、成都川创投丰年君传军工股 权投资基金合伙企业（有限合伙）、宁波梅山保税港区丰年君和创业投资合伙 企业（有限合伙）（曾用名：宁波梅山保税港区丰年君和股权 ...

西安西测测试技术股份有限公司 简式权益变动报告书 上市公司名称：西安西测测试技术股份有限公司 股票上市地点：深圳证券交易所 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 股票简称：西测测试 股票代码：301306 信息披露义务人 1：宁波梅山保税港区丰年君悦投资合伙企业（有限合伙） 住所：浙江省宁波市北仑区梅山七星路 88 号 1 幢 401 室 A 区 H1330 通讯地址：北京市朝阳区东三环中路 5 号楼 信息披露义务人 2：成都川创投丰年君传军工股权投资基金合伙企业（有限合伙） 住所：中国（四川）自由贸易试验区成都高新区剑南大道中段 1098 号 1 栋 23 层 2301 号 通讯地址：北京市朝阳区东三环中路 5 号楼 信息披露义务人 3：宁波梅山保税港区丰年君和创业投资合伙企业（有限合伙） 住所：浙江省宁波市北仑区梅山七星路 88 号 1 幢 401 室 A 区 H1331 通讯地址：北京市朝阳区东三环中路 5 号楼 股份变动性质：减少股份（合计持股比例降至 5%以下） 签署日期：2025 年 9 月 一、本报告书系依据《中华人民共和国公司法》《中华人民共和 ...

Company Overview - Xi'an Xice Testing Technology Co., Ltd. was established on June 1, 2010, and went public on July 26, 2022. The company is located in the High-tech Zone of Xi'an, Shaanxi Province [2] - The main business involves inspection and testing of military equipment and civil aircraft products, providing services such as environmental and reliability testing, electronic component testing, and electromagnetic compatibility testing. The company also engages in the research, production, and sales of testing equipment [2] - The revenue composition includes: Environmental and reliability testing (49.49%), electronic assembly business (29.38%), electromagnetic compatibility testing (10.81%), electronic component testing (8.18%), testing equipment sales (1.88%), and others (0.26%) [2] Financial Performance - As of June 30, 2025, the company reported a revenue of 148 million yuan, a year-on-year decrease of 33.43%. The net profit attributable to the parent company was -60.41 million yuan, a year-on-year decrease of 22.94% [2] - Since its A-share listing, the company has distributed a total of 12.66 million yuan in dividends [3] Stock Market Activity - On September 12, the stock price of Xi'an Xice Testing fell by 2.03%, trading at 53.98 yuan per share with a total market capitalization of 4.556 billion yuan [1] - The stock has seen a year-to-date increase of 44.45%, with a recent 5-day increase of 0.06%, a 20-day decrease of 18.19%, and a 60-day increase of 28.83% [1] - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on July 4, where it recorded a net buy of -69.11 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 66.47% to 16,900, with an average of 2,329 circulating shares per person, a decrease of 39.93% [2] - Notable institutional shareholders include Guangfa Technology Innovation Mixed A and Guangfa Value Core Mixed A, both of which are new entrants among the top ten circulating shareholders [3]

Core Viewpoint - The company, Xicet Testing (301306.SZ), provides electrical assembly and testing services to multiple clients in the satellite-related industry chain, indicating a strong position in a growing sector [1] Group 1 - The company serves several clients within the satellite industry, highlighting its involvement in a critical and expanding market [1] - All major clients are bound by confidentiality agreements, preventing the disclosure of specific operational details [1]

Core Insights - Xian Xice Testing Technology Co., Ltd. has experienced a stock price increase of 49.59% year-to-date, but has seen a decline of 8.66% in the last five trading days and 20.70% in the last twenty days [1] - The company reported a revenue of 1.48 billion yuan for the first half of 2025, a year-on-year decrease of 33.43%, and a net profit attributable to shareholders of -604.06 million yuan, a decrease of 22.94% [2] Company Overview - Xian Xice Testing was established on June 1, 2010, and went public on July 26, 2022. The company specializes in inspection and testing services for military equipment and civil aircraft products [2] - The main business revenue breakdown includes: environmental and reliability testing (49.49%), electronic assembly business (29.38%), electromagnetic compatibility testing (10.81%), electronic component testing (8.18%), testing equipment sales (1.88%), and others (0.26%) [2] - The company is categorized under the defense and military industry, specifically in military electronics [2] Shareholder and Market Activity - As of June 30, 2025, the number of shareholders increased by 66.47% to 16,900, with an average of 2,329 circulating shares per person, a decrease of 39.93% [2] - The company has made cumulative cash distributions of 12.66 million yuan since its A-share listing [3] - Notable institutional shareholders include Guangfa Technology Innovation Mixed Fund and Guangfa Value Core Mixed Fund, both of which are new entrants among the top ten circulating shareholders [3]

Summary of the Conference Call Company Overview - The company focuses on the entire commercial aerospace industry chain, covering low-altitude economy, high-altitude, and space sectors, with core competencies in electronic component quality assurance, manufacturing, and inspection services [2][5][10] - The company has rapidly increased its production capacity to approximately 2 billion yuan post-IPO, although second-quarter performance declined due to changes in project accounting methods and delays in project confirmations [2][8][19] Key Business Developments - The company has established a one-stop service model to expand market share and has formed partnerships with companies like Blue Arrow and CASIC [2][10] - In the aerospace sector, revenue for the first half of 2025 was approximately 38 million yuan, with inspection services accounting for over 90% of this revenue [2][13] - The company has a satellite testing equipment utilization rate of about 70%-80%, while manufacturing utilization is lower, but efforts are underway to improve this through strategic partnerships [2][20] Financial Performance - The second-quarter decline in performance was attributed to a shift in revenue recognition methods and delays in project confirmations, but overall operations remain stable [8][19] - The company expects to achieve annual revenue of 102 million yuan in the aerospace sector for 2025, representing a significant increase from the previous year's revenue of over 20 million yuan [19] Strategic Initiatives - The company plans to enhance missile production capacity to 20,000 units annually and is actively pursuing diversification into large aircraft, renewable energy, and nuclear energy sectors [3][24] - The company is also focusing on military informationization and the construction of a comprehensive aerospace system [23] Market Position and Competitive Advantage - The company is the only domestic entity with multiple aerospace certifications and has established a unique position in the commercial aerospace value chain [10][11][12] - Collaborations with major companies like Huawei have solidified its market position, with Huawei considering the company a rare resource due to its comprehensive testing capabilities [20] Future Outlook - The company anticipates continued growth in the aerospace sector, driven by increasing market demand and enhanced capabilities [14][21] - Future revenue growth will depend on the overall industry development pace and the company's ability to secure large-scale production tasks [19] Challenges and Risks - The company faces pressure on net profit margins due to significant upfront investments and ongoing expenditures in new industry directions [25] - The need for continuous capacity expansion and the potential for further financing to support growth initiatives are acknowledged [26][28] Additional Business Directions - Besides commercial aerospace, the company is making strides in the large aircraft sector and low-altitude economy, ensuring a diversified business approach [29] Brand Awareness and Market Presence - The company is enhancing brand recognition through marketing initiatives and establishing a presence in key markets, aiming to attract high-quality clients [30] Conclusion - While current performance has not yet exploded, the company is optimistic about future growth, particularly in commercial aerospace and domestic large aircraft sectors, and encourages investor support [31]