Core Viewpoint - The company ShuoBeide (300322) is optimistic about the prospects of the satellite communication industry and is actively working to expand its projects in this area [1] Group 1: Company Developments - The company has received orders for low-orbit satellite communication antennas primarily for use in the maritime sector [1] - The low-orbit satellite antennas can be applied to ground terminal products such as mobile phones, cars, and ships [1]

证券日报网讯 12月30日，梅安森（300275）在互动平台回答投资者提问时表示，公司参股子公司知与 行主要基于稀疏相控阵算法等技术开发了卫星通信相关产品。知与行将持续关注卫星通信领域的技术发 展及应用落地情况，积极学习行业先进技术，针对高低轨卫星通信场景开展技术攻关，全力开发适配相 关场景的新产品。同时，鉴于相关技术研发与产品开发过程中存在诸多不确定性，敬请广大投资者注意 投资风险。 ...

Group 1 - The company, Jida Communication, is focused on the current status, development trends, and applications in the fields of commercial aerospace and satellite communication [2]

本报讯(记者李昱丞刘晓一)近期，商业航天行业受到市场广泛关注。随着火箭回收、一箭多星和卫星批 量化制造等技术突破，低轨星座建设和运维成本持续下降，大规模组网的技术与商业可行性已得到验 证。 与此同时，多家公司也在积极布局相关产业。其中，深圳震有科技股份有限公司(以下简称"震有科技") 系统性布局了卫星终端战略。震有科技相关人士介绍称，公司终端技术方向明确为—"高低轨融合"，公 司认为，在相当长一段时间内，高轨、低轨将长期并存，行业用户、区域场景对网络能力的要求也高度 差异化。能够在同一技术体系下，实现多轨道适配与演进，才是真正可持续的终端路径。 目前，相关卫星终端及解决方案已在应急通信场景中形成成熟应用案例，能够在地面网络受损或不可用 条件下，快速打通现场与指挥中心的通信链路，支撑指挥调度和业务协同稳定运行。这种"终端即体系 节点、落地即实战验证"的能力，使卫星通信在To G市场具备长期不可替代性，也构成了震有科技在该 领域的核心优势。 资料显示，震有科技自成立以来一直致力于通信系统设备相关产品的设计、研发、销售与服务。2025年 前三季度，震有科技实现营业收入5.09亿元。 在此基础上，震有科技构建了一套层 ...

Group 1 - The core viewpoint of the article is that the company Meian Sen (300275.SZ) is actively developing satellite communication products through its subsidiary Zhi Yu Xing, utilizing sparse phased array algorithms and other technologies [1] - Zhi Yu Xing will continue to focus on technological advancements and application developments in the satellite communication field, aiming to learn from industry-leading technologies [1] - The company is committed to addressing technical challenges related to both low and high orbit satellite communication scenarios and is fully engaged in developing new products suitable for these applications [1]

（记者 胡玲） 雷电微力（301050.SZ）12月30日在投资者互动平台表示，公司毫米波微系统产品可以应用在无人驾驶 领域，目前暂未与华为合作。 每经AI快讯，有投资者在投资者互动平台提问：请问公司毫米波雷达相关产品在无人驾驶领域也有应 用吗？公司与华为在无人驾驶和卫星通信有合作吗？ ...

Group 1 - The company, Jida Communication (300597.SZ), is focused on the current status, development trends, and applications in commercial aerospace and satellite communication sectors [1] - As of now, there is no business cooperation between the company and Changguang Satellite [1]

慧翰股份(301600.SZ)公告，为探索公司智能网联汽车技术及车规级零部件在卫星通信产业和商业航天 领域的应用，公司与华福资本管理有限公司("华福资本")签署合伙协议，双方共同投资设立嘉兴华翰股 权投资合伙企业(有限合伙)("华翰投资")，公司出资6825万元，占比65%;华翰投资为私募基金，专项投 资一家商业航天企业。 ...

Core Insights - The global satellite communication industry is expected to enter a new expansion cycle by 2025, with China accelerating its satellite communication construction [1] - China is projected to account for 26% of the over 300 orbital rocket launches globally in 2025, with 86 launches, second only to the United States [1] - China's investment in satellite communication will represent 21% of the global total [1] Industry Policy Environment - Since 2025, China's Ministry of Industry and Information Technology and other departments have introduced multiple policies to support the development of the satellite communication industry across various dimensions, including emergency communication, business access, and commercial testing [1] Industry Chain Collaboration - The advantages of China's satellite communication industry chain are becoming more prominent, with breakthroughs in mass production and low-cost launches in satellite manufacturing and launching [1] - The "national team" is leading the construction of two major satellite constellations, while companies are driving technological advancements in ground equipment [1] - Operators are spearheading satellite services that allow direct mobile connections [1] Future Trends - The integration of satellite and ground networks is expected to accelerate, with low Earth orbit satellite constellations and ground 5G-A/6G networks being deployed in coordination [2] - The "mobile phone, car + satellite" model is anticipated to continue innovating, leading to rapid growth in user scale [2] - A new development pattern characterized by "central-local collaboration, dual-core leadership, and multi-polar interaction" is expected to emerge, with Beijing and Shanghai as core regions [2] - Low Earth orbit satellite internet and satellite IoT are entering a new phase of large-scale commercial use, with applications in aviation, maritime, cross-border logistics, and communication in remote areas [2]

Core Viewpoint - Shengyi Technology has maintained its position as a leading global player in the rigid copper-clad laminate industry, focusing on high-end markets driven by the demand for AI and advanced packaging technologies [5][6]. Group 1: Company Overview - Shengyi Technology has been deeply engaged in the copper-clad laminate and related electronic materials sector for 40 years, consistently ranking second globally in sales since 2013 [5][6]. - The company’s copper-clad laminate production has grown from 600,000 square meters in 1985 to over 140 million square meters projected for 2024, achieving a global market share of 13.7% [6][7]. Group 2: Market Trends and Demand - The demand for high-end copper-clad laminates is increasing due to the rise of AI servers, data centers, and new communication technologies, which require materials with low dielectric loss and high reliability [6][7]. - The company is experiencing a surge in orders as downstream PCB manufacturers stock up in response to rising prices of core raw materials like copper [5][6]. Group 3: Product Development and Innovation - Shengyi Technology has developed a range of products that have received certification from advanced end customers, with applications in AI servers, 5G antennas, and communication networks [7][9]. - The company invests over 4.5% of its revenue in R&D annually, with a projected increase to 5.67% in 2024, reflecting a commitment to innovation and technology advancement [9]. Group 4: Global Expansion and Strategic Initiatives - Shengyi Technology is expanding its global footprint, with recent projects in Thailand aimed at enhancing production capacity and meeting market demands in Southeast Asia and beyond [11]. - The company has established long-term partnerships with major PCB manufacturers and tech giants, positioning itself within the supply chains of the top three global server manufacturers [11].