Core Insights - The Beidou system has achieved a scale of 575.8 billion yuan, with nearly 50 million applications in key industries and over 2 billion units in consumer applications [1][3] - The fourth Beidou Scale Application International Summit showcased the integration of Beidou technology into daily life and various industries, highlighting its rapid development and application [2][5] Industry Applications - Beidou technology is being applied across various sectors, including transportation, healthcare, agriculture, and industrial manufacturing, with an application penetration rate exceeding 85% in major domestic industries [4][5] - The summit introduced 33 new products, technologies, and applications that demonstrate the latest achievements in Beidou's core technology breakthroughs and large-scale implementation [2][4] Technological Advancements - Beidou's positioning accuracy has improved from ten meters to sub-meter level, with global signal coverage extending to over 200 countries and regions [6][7] - New research institutions and innovative training models are being established to support the continuous innovation of Beidou technology, focusing on high-precision positioning even in challenging environments [7][8] Future Development - Experts believe that the integration of Beidou with advanced technologies such as artificial intelligence and low-altitude economy will drive significant growth in new applications [5][6] - The establishment of the first Beidou laboratory alliance aims to enhance collaboration among various research institutions and promote technological breakthroughs in the Beidou field [7][8]

在丰翼无人机展台，现场工作人员向上海证券报记者介绍称，目前，丰翼无人机已拓展至城市管理、医 疗急救、安防巡检等领域。"搭载北斗系统后，无人机具备覆盖广、灵活性高等特点，不仅提升物流效 率，还能覆盖传统运输难以抵达的区域。" ◎记者 夏子航 "在本次峰会上，我们推出了全新一代北斗三号短报文通信SoC芯片，进一步提升了芯片捕获卫星信号 的速度，首次捕获时间不超过2秒。"9月25日，华大北斗董事长孙中亮一边说着，一边向上海证券报记 者现场演示起来。 9月24日至25日，第四届北斗规模应用国际峰会（下称"峰会"）在湖南株洲举办。本届峰会以"同世界· 共北斗——智联时空"为主题，汇聚了24国代表团，通过5万平方米"室内+室外"双展区，将千余个北斗 应用场景搬进现实。北斗早已融入千行百业，从"天边"到"身边"，从"可用"到"好用"。 作为峰会核心亮点，展区成为北斗技术落地的"全景窗口"。112家参展企业中，中国时空、中国电信、 高德地图、华大北斗等头部企业悉数登场，无人机、无人车、人形机器人、北斗芯片等产品密集亮相。 从"天边"到"身边"： 北斗新产品新技术新应用频现 9月25日，记者走进峰会E2展馆，几套鲜艳的冲锋衣正 ...

9月24日，在国家发改委、网信办、工信部、交通运输部和湖南省政府共同主办的第四届北斗规模 应用国际峰会上，发布了《北斗应用十大领域典型场景及案例集（2025年）》，南京市推荐的"北斗赋 能农机作业""北斗定位助力林场救灾""北斗+存量无人机精准监管应用"3个案例入选并现场发布。 在农业领域，"北斗赋能农机作业"大显身手。据了解，江苏北斗农机科技有限公司设计并建设的"六 合区农业生产社会化服务平台"，以"管服一体化"为核心，在管理端依托北斗提供的实时农机位置与作业 轨迹数据，通过农机分布监控、作业监测图、作业统计报表等功能模块，实现亩均种植成本降低约100 元，农机闲置率下降40%。在服务端面向服务组织、生产主体、农资供销单位等社会化服务参与者，利 用北斗支撑的精准作业信息记录与时空数据，提供线上作业调度、供需信息发布与匹配等服务，累计推 广终端1000余台套，服务260余万亩。 "截至目前，通过数字平台促成交易900余单，带动合作社服务面积增长30%（达8万亩），社区服 务增收超20万元/年。"江苏北斗农机科技有限公司负责人介绍。 江苏星宇芯联电子科技有限公司自主研发的头盔式北斗通信定位系统，主要应用于林草行 ...

其中，北斗卫星短报文技术的"北斗语音消息技术"案例，首次应用到大众消费终端，可实现紧急情况下 快速语音求救；"易测"消费级北斗高精度软硬件产品案例，解决了"精度与便携性不可兼得"的行业痛 点。 中新社湖南株洲9月24日电 (鲁毅 张雪盈)第四届北斗规模应用国际峰会24日在湖南株洲开幕，33项北斗 创新成果在峰会现场首发。 据悉，这33项北斗相关新产品、新技术、新应用，涵盖交通、应急、通信、林业等多个领域，系北斗领 域芯片、模组、终端及全场景解决方案首次官方集中发布。 中新社记者从峰会现场获悉，中国北斗产业规模于2024年底达到5758亿元人民币，"十四五"期间年均增 长超8%。目前，中国与世界多国达成北斗应用合作共识，北斗产品在亚洲、非洲等地区广泛应用，赋 能交通、电力、工程建设、石油勘探等领域。 马达加斯加、巴基斯坦、巴西、老挝等24个国家代表团和联合国人居署等5个国际组织参加此次峰会， 现场还发布了《北斗产业发展蓝皮书(2025)》《北斗应用十大领域典型场景及案例集(2025)》，并签约 一批重大项目。(完) 本届峰会以"同世界·共北斗——智联时空"为主题，5万平方米的场景示范展上，上千个应用示范场景亮 ...

Core Viewpoint - The Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the "Action Plan for Steady Growth of the Electronic Information Manufacturing Industry 2025-2026," outlining 16 specific measures for industry development across three dimensions: industrial upgrading, market facilitation, and innovation integration [1][2]. Group 1: Industry Growth Targets - The plan sets a target for the average growth rate of the value-added output of large-scale computer, communication, and other electronic equipment manufacturing industries to be around 7% from 2025 to 2026, with an overall annual revenue growth rate of over 5% when including related fields such as lithium batteries and photovoltaics [1]. - By 2026, the electronic information manufacturing industry is expected to maintain the highest revenue scale and export ratio among 41 industrial categories, with five provinces achieving over 1 trillion yuan in revenue [1]. - The server industry is projected to exceed 400 billion yuan, and the domestic market penetration rate for color TVs of 75 inches and above is expected to surpass 40% [1]. Group 2: Industry Upgrading and Innovation - The plan emphasizes industrial transformation and upgrading as a core strategy for steady growth, focusing on enhancing the quality of the supply system in key areas [1]. - In the field of artificial intelligence terminals, the plan encourages deep integration of intelligent systems with terminal products and the establishment of standards for intelligent classification [2]. - It also highlights the need to accelerate technological breakthroughs in key components for 5G/6G and strengthen the technological foundation of the communication industry [1][2]. Group 3: Market Expansion and Consumer Support - The plan proposes systematic governance measures to address "involution" competition in fields like photovoltaics, including legal regulation of low-price competition and promoting orderly capacity adjustments [2]. - It aims to expand consumption scenarios by enhancing the design of smart products for the elderly and increasing the supply of smart health and elderly care terminals [2]. - The plan also focuses on advancing the construction of advanced computing systems, such as AI servers and efficient storage, to support sectors like scientific research and autonomous driving [2]. Group 4: Financial and Industrial Integration - The plan calls for the establishment of a financial service system that aligns with industrial innovation, leveraging various national funds to guide investment in hard technology [3]. - It encourages reasonable mergers, restructuring, and transformation of enterprises to promote a virtuous cycle of fundraising, investment, management, and exit [3]. - The electronic information manufacturing industry has become a significant engine for industrial growth, with a reported year-on-year increase of 11.1% in value-added output for large-scale electronic information manufacturing in the first half of the year [3].

Core Viewpoint - The Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry 2025-2026," outlining 16 specific measures to guide the development of the electronic information manufacturing industry through industrial upgrading, market facilitation, and innovation integration [1][2]. Group 1: Industry Growth Targets - The plan sets a target for the average growth rate of the value added in the computer, communication, and other electronic equipment manufacturing industries to be around 7% from 2025 to 2026, with an overall annual revenue growth rate of over 5% when including related fields such as lithium batteries and photovoltaics [1]. - By 2026, the electronic information manufacturing industry is expected to maintain the highest revenue scale and export ratio among 41 industrial categories, with five provinces achieving over 1 trillion yuan in revenue [1]. - The server industry is projected to exceed 400 billion yuan, and the domestic market penetration rate for color televisions of 75 inches and above is expected to surpass 40% [1]. Group 2: Industry Upgrading and Innovation - The plan emphasizes industrial transformation and upgrading as a core strategy for stable growth, focusing on enhancing the quality of the supply system in key areas [1]. - In the field of artificial intelligence terminals, the plan encourages deep integration of intelligent systems with terminal products and the establishment of standards for intelligent classification [2]. - It also highlights the need for accelerated technological breakthroughs in key components for 5G/6G and the strengthening of the technological foundation for the communication industry [1][2]. Group 3: Market Expansion and Consumer Support - The plan proposes systematic governance measures to address "involution" competition in fields like photovoltaics, including legal regulation of low-price competition and promoting orderly capacity adjustments [2]. - It aims to expand consumption scenarios by enhancing the design of smart products for the elderly and increasing the supply of smart health and elderly care terminals [2]. - The plan also supports the development of advanced computing systems in artificial intelligence servers and efficient storage, facilitating applications in scientific research and autonomous driving [2]. Group 4: Financial and Industrial Cooperation - The plan calls for the establishment of a financial service system that aligns with industrial innovation, leveraging various national funds to guide investment in hard technology [3]. - It encourages reasonable mergers, restructuring, and transformation of enterprises to promote a virtuous cycle of fundraising, investment, management, and exit [3]. - The electronic information manufacturing industry has become a significant engine for industrial growth, with a reported year-on-year increase of 11.1% in value added for large-scale electronic information manufacturing in the first half of the year, outperforming overall industrial growth [3].

Core Viewpoint - The company is actively engaging in the development and application of Beidou technology in the Hainan Free Trade Zone, focusing on various sectors including intelligent vehicle terminals, integrated vehicle-road-cloud platforms, insurance technology, and smart traffic management [1] Group 1 - The company has established a leading position in the large-scale application of Beidou technology within the Hainan Free Trade Zone [1] - The business scope includes vehicle-mounted intelligent terminal installation, integrated vehicle-road-cloud platform construction, insurance technology risk reduction, and smart traffic management [1] - The company is participating in legislative and demonstration work related to Beidou free flow, promoting the implementation of free flow charging and smart governance applications [1] Group 2 - The company is leveraging the policy advantages of the Hainan Free Trade Zone to explore compliant circulation and value transformation of data elements [1] - The initiatives contribute to the construction of a strong transportation nation and digital China [1]

Group 1 - The Ministry of Industry and Information Technology announced a list of pilot cities for the Beidou application, with Dali Prefecture being included among 39 cities from 22 provinces [1] - The "2025 Cross-Strait Smart City Seminar" was held in Dali, focusing on key areas such as urban management, smart manufacturing, IoT, green energy, and smart transportation [1][2] - The seminar aimed to build a high-level cooperation platform to promote deep integration of industrial chains, innovation chains, and talent chains [1][2] Group 2 - Key representatives from major companies and research institutions from both sides of the Taiwan Strait participated in the seminar, discussing core topics related to smart cities [2] - The Future Mobile Communication Forum emphasized the significant potential for cooperation in smart city construction between the two sides [2][3] - The seminar highlighted the current critical period for industrial transformation, driven by low-orbit communication, AI, and widespread data center construction [2] Group 3 - The Dali Research Institute aims to create a modern spatial foundation for smart city construction, leveraging the Beidou satellite navigation system [3] - Dali Prefecture is recognized for its unique natural resources and open business environment, making it an ideal location for smart city development [4] - The Dali Research Institute is positioned as a comprehensive research think tank and technology innovation platform, focusing on the application of Beidou technology in smart city construction [4] Group 4 - Dali's tourism industry is projected to attract over 110 million visitors in 2024, presenting new challenges for urban management and emergency services [5] - The Dali Research Institute and Zhongke Jingshang Technology Co., Ltd. are responding to these challenges by integrating Beidou technology with 5G, IoT, and big data to enhance urban services [5] - A real-time dynamic map based on Beidou technology is being developed to support Dali's goal of becoming a "Beidou Tourism City" [5][6] Group 5 - The Dali Research Institute's Beidou tourism map supports technological innovation and industrial application in high-traffic scenarios, extending its influence beyond Dali to Southeast Asia [6] - Xiangwang Technology, a leading company in slow transportation services, has developed smart electric vehicles based on local needs and the Beidou system [6][7] - The integration of smart city construction and Beidou applications is attracting high-end talent to Dali, fostering the rapid development of new intelligent industries [7]

Group 1: Company Overview and Financial Performance - The company focuses on high-precision navigation and positioning technology, developing a comprehensive product line that includes hardware and software solutions [2][3] - In 2024, the company achieved a revenue of ¥1,219,549,535.51, a year-on-year increase of approximately 2.80%, while the net profit attributable to shareholders was -¥12,449,794.70, reflecting a 97.08% increase compared to the previous year [3] - For Q1 2025, the company reported a revenue of ¥151,988,324.18, marking a growth of about 30.60% year-on-year [3] Group 2: Overseas Business Development - The company has been expanding its overseas market presence, primarily in Asia, South America, and Europe, benefiting from the "Belt and Road" initiative and the competitive pricing of domestic products [4][5] - In 2024, the company established a subsidiary in Hungary to serve as a technical and warehousing center for its European operations [4] - The company successfully won a government project in Uganda for geological disaster monitoring, marking its entry into the African market [4] Group 3: Competitive Advantages in Overseas Markets - The company has established a strong presence in 12 countries, localizing procurement, logistics, sales, and global technical services [5] - The demand for high-cost performance domestic equipment has significantly increased in overseas markets, particularly in regions along the "Belt and Road" [5] Group 4: Smart Driving and Navigation Control Applications - The company provides high-precision positioning products and solutions for various vehicles, including passenger cars and agricultural machinery [6][7] - In 2024, the smart driving business experienced a growth of approximately 40%, with over 60 vehicle models successfully integrating the company's products [8] - The company collaborates with major automotive manufacturers and technology partners to develop advanced positioning solutions for smart driving applications [8] Group 5: Marine Business and Product Offerings - The company offers a range of marine detection equipment, including single and multi-beam echo sounders and acoustic Doppler current profilers [8] - It has developed an integrated hydrological monitoring system that combines various technologies to provide comprehensive solutions for marine engineering and surveying [8]

Summary of TaiJing Technology Conference Call Company Overview - **Company**: TaiJing Technology - **Year**: 2024 - **Revenue**: 821 million (8.21 billion) CNY, a year-on-year increase of 3.55% [2][4] - **Net Profit**: Decreased due to price reductions, increased R&D investment, and other factors [2][5] Key Points and Arguments Financial Performance - **Revenue Growth**: 2024 revenue increased to 821 million CNY, with a notable 10% growth in Q1 2025 [2][4][11] - **Net Profit Decline**: 2024 net profit was 87.06 million CNY, a decrease compared to the previous year [4] - **R&D Investment**: Increased by 33%, approximately 10 million CNY, impacting net profit [2][5] Industry Position and Development - **Leading Technology**: Company is globally leading in chip development, collaborating with Qualcomm on 6G communication and AI applications [2][6] - **Automotive Market**: 2024 automotive market share was about 4%, expected to double to over 10% in 2025 [10] - **Product Development**: Over 2,000 part numbers developed in automotive semiconductor devices, focusing on various vehicle domains [8][9] Market Dynamics - **Supply Chain Focus**: Increased emphasis on domestic supply chains due to US-China relations, particularly in the server sector [2][7] - **AI and IoT Demand**: Rising hardware demand driven by AI applications and IoT, leading to increased orders [2][15] - **High-Value Products**: High-profit products like 156.25 MHz and above are performing well, with future contributions expected to grow [17] Competitive Landscape - **Pressure on Small Enterprises**: Current competition is pressuring small businesses, with many facing losses and potential market exit [12] - **Cost Management**: Company is managing rising material costs through precious metal reserves and optimizing processing technology [13][18] Future Outlook - **Growth Opportunities**: Strong demand in Q1 2025, particularly for K-type crystal oscillators and drone applications [15][16] - **Market Trends**: Anticipated growth in server-related products and light module markets, with significant demand expected in 2025 [22][23] - **AI Product Development**: Focus on AI products like smart glasses, with successful customer certifications achieved [24] Additional Important Insights - **Product Margin Stability**: Stable margins in kHz crystal oscillators and TC products, with expectations for improvement as production capacity increases [14] - **Management Strategies**: Active measures to manage operational costs and enhance product competitiveness [29] - **Investor Focus**: Investors should monitor product strength and the company's performance across market cycles [30]