国信证券股份有限公司 关于航天宏图信息技术股份有限公司 部分募投项目重新论证并继续实施的核查意见 国信证券股份有限公司（以下称"保荐机构"、"国信证券"）作为航天宏 图信息技术股份有限公司（以下简称"航天宏图"、"公司"）向不特定对象发 行可转换公司债券的持续督导机构，根据《证券发行上市保荐业务管理办法》 《上 市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求（2022 年修 订）》《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公 司自律监管规则适用指引第 1 号—规范运作》等法律法规的要求，对航天宏图重 新论证募投项目可行性事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）核发的《关于同意 航天宏图信息技术股份有限公司向不特定对象发行可转换公司债券注册的批复》 （证监许可〔2022〕2755 号），公司向不特定对象发行可转债 1,008.80 万张， 每张面值为人民币 100 元，按面值发行。本次发行募集资金总额为 100,880.00 万元，扣除发行费用人民币 1,742.58 万元（不含增值税），实际募集资金净额为 对上 ...

Core Viewpoint - Sichuan Bank is focusing on technological innovation and optimizing credit policies to support various sectors, including artificial intelligence and high-end equipment, thereby injecting financial momentum into the development of new productivity in Sichuan [1][4]. Group 1: Financial Support for Innovation - Sichuan Bank is directing credit resources towards the livelihood sector, significantly supporting small and micro enterprises that benefit the public through technological innovation [2]. - The bank provided a tailored financial service plan for Chengdu Bornsi Medical Robotics Company, offering a 10 million yuan two-year unsecured loan to assist in the development of a minimally invasive surgical robot, which is priced at one-third of similar imported devices [2]. - Sichuan Bank also supported Sichuan Digital World Cultural Technology Company with a 10 million yuan loan within a week to meet its financing needs, promoting the development of the domestic gaming industry [2]. Group 2: Consumer Demand Stimulus - In early 2023, Sichuan Bank launched twelve measures to "expand domestic demand and promote consumption," planning to issue over 100 billion yuan in loans to key consumption areas such as housing, automobiles, and tourism [3]. Group 3: Support for Sci-Tech Enterprises - Sichuan Bank has been addressing the financing difficulties faced by sci-tech enterprises by increasing the supply of small and micro loans and innovating financial products [4]. - The bank provided a comprehensive financial service plan for Chengdu Guoxing Aerospace Technology Company, utilizing supply chain finance to optimize cash flow management and reduce financing costs [4]. - Sichuan Bank partnered with China Minmetals Financial Leasing Company to offer one-stop financial services to leading companies in the low-altitude travel sector, facilitating their international business expansion [4]. Group 4: Enhancing Financial Service Capabilities - Sichuan Bank is strengthening its top-level design and mechanism construction to create a comprehensive financial service system, including the establishment of a technology finance center and specialized branches [5]. - The bank has developed specific credit management measures for technology finance to improve the efficiency of business operations [5]. - In March 2023, Sichuan Bank was the first state-owned bank in the region to implement a flexible financial service model for technology enterprise mergers and acquisitions [6].

Group 1 - The three major indices collectively retreated on May 20, with the General Aviation concept following suit, as the National General Aviation Industry Index (980076.SZ) experienced a drop of nearly 1% before recovering to a decline of 0.25% [1] - Among the index constituents, Shen Cheng Jiao and Digital Zheng Tong rose over 5%, while Hang Fa Control and Nan Wang Technology increased nearly 4% [1] - The General Aviation ETF (159230) fell nearly 1%, with a trading volume of 134 million yuan, making it the top performer in its category, and its latest circulation size is 267 million yuan [1] Group 2 - The General Aviation ETF closely tracks the National General Aviation Industry Index, focusing on the general aviation and low-altitude economy industry chain, with low-altitude economic content at 84.7%, defense and military content at 58.6%, and domestic large aircraft content at 47.4% [2] - Western Securities emphasizes the importance of monitoring domestic low and high orbit constellation progress, alongside breakthroughs in rocket technology and military communication as indirect catalysts [2] - The focus on low orbit includes the initial network completion of StarNet and Qianfan constellations, while high orbit attention is on the commercialized constellations of Tiantong and Beidou, with potential catalysts from new products or value-added services [2]

Core Insights - Xiong'an New Area has developed significantly over the past eight years, transforming from a "blank slate" into a "future city" with a vibrant industrial ecosystem [1] - A total of 186 specialized and innovative "little giant" companies, unicorns, and manufacturing champions have established operations in the Xiong'an New Area [1] - China Satellite Network Group Co., Ltd. has officially opened its office in the Xiong'an New Area, marking it as the first central enterprise to register in the region [1] Industry Development - The Xiong'an New Area is focusing on four major sectors: satellite internet, spatiotemporal information, commercial satellite manufacturing, and aerospace vehicles [1] - The planning includes the construction of a comprehensive aerospace information industry chain with seven sub-sectors [1]

Group 1: European Technology Initiatives - The European Commission plans to establish a public-private partnership fund of at least €10 billion (approximately $11.3 billion) to help technology companies scale up, aiming to close the innovation gap with the US and China [4] - The strategy "Choose Europe: From Startups to Scaleups" was launched to address the challenges faced by startups in the EU, including regulatory fragmentation across 27 member states and difficulties in accessing financing, markets, talent, and infrastructure [4] Group 2: AI Developments - DeepSeek has released an open-source version of its R1 model, which reportedly performs comparably to OpenAI's latest o3 model [5] - Telegram has entered a one-year partnership with xAI to integrate Grok into its application, with Telegram receiving $300 million in cash and equity, plus 50% of subscription revenue from xAI [6] - Tencent has launched and open-sourced its voice digital human model, HunyuanVideo-Avatar, aimed at video creators [8] - Amazon Web Services and SAP have initiated a new AI joint innovation program to help partners build generative AI applications [9][10] - Salesforce plans to acquire Informatica for approximately $8 billion to enhance its competitive edge in the AI market [11] - AI infrastructure startup Chalk has completed a $50 million Series A funding round, achieving a valuation of $500 million [12] Group 3: Semiconductor Industry - The US is reportedly set to ban the export of semiconductor design software to China, affecting major companies that dominate the Electronic Design Automation (EDA) market [14][15] - The EU is exploring new paths for chip industry development, aiming to double its global semiconductor production share to at least 20% by 2030 [16][18] - TSMC plans to establish a chip design center in Munich, Germany, to support European customers in designing high-density, high-performance chips [40] Group 4: Energy and Mining - China Petroleum & Chemical Corporation (Sinopec) has established a hydrogen energy industry chain venture capital fund to promote innovation and development in the hydrogen sector [56] - Harmony Gold has agreed to acquire MAC Copper for $1.03 billion to expand its operations in Australia, focusing on a high-grade copper mine [57]

金十数据5月29日讯，2025年5月21日至28日，工业和信息化部无线电管理局与俄罗斯无线电主管部门在 莫斯科举行了第十六次卫星网络协调会谈。中俄双方在国际电信联盟《无线电规则》框架下，就160余 项议题开展了磋商，包括L、S、C、X、Ku、Ka、Q/V等频段，涵盖卫星通信、卫星广播、卫星气象、 卫星导航等业务，涉及双方多个静止轨道与非静止轨道卫星系统。双方达成了一系列共识，签署了会议 纪要，进一步推动了双方卫星系统的频率兼容共用。 （工信部） 相关链接 中俄主管部门间第十六次卫星网络协调会谈在俄罗斯莫斯科举行 ...

马 健摄（影像中国） 北斗卫星模型。 唐 克摄（影像中国） 人物小传 刘经南，1943年7月生，中国工程院院士，武汉大学教授、博士生导师，国家卫星定位系统工程技 术研究中心主任。长期从事大地测量理论及应用研究与教学工作，在大地测量坐标系理论、北斗卫星导 航定位技术、软件开发和重大工程应用方面做出了一系列开创性工作，曾获7项国家科技进步奖、30余 项省部级奖励，以及"全国先进科技工作者"荣誉称号。 无人驾驶车辆在复杂路况下平稳行驶，智慧农机在田间地头自动耕作，重大工程建设实现远程监测 和精准管控……日常生产生活中，人们常常能感受到卫星导航与位置服务产业的重要作用。 5月18日，中国卫星导航定位协会发布《2025中国卫星导航与位置服务产业发展白皮书》，白皮书 显示，2024年，我国卫星导航与位置服务产业产值达5758亿元，约2．88亿部智能手机支持北斗定位功 能，电子导航地图的北斗定位服务日均调用量高达6000亿次，北斗高精度车道级导航已基本实现了全国 城乡道路全覆盖。 2021年，在中国北斗应用大会暨中国卫星导航与位置服务第十届年会上，刘经南作主旨演讲。 "我们可以自信地说，北斗卫星导航系统是目前全球精度最高、 ...

Group 1: Core Insights - SpaceX CEO Elon Musk proposed a $5 billion exclusive satellite communication partnership to Apple, which was rejected, intensifying competition in the satellite communication sector [2] - Apple opted to collaborate with Globalstar for emergency messaging services on the iPhone 14, despite Musk's offer for SpaceX to provide exclusive services [2][4] - The dispute centers around spectrum resource allocation, with SpaceX accusing Globalstar of inefficient use of resources and attempting to monopolize spectrum [4][10] Group 2: Company Actions and Strategies - Apple invested an additional $1.5 billion in Globalstar to enhance satellite communication capabilities and is exploring investment in EchoStar for more spectrum resources [5] - SpaceX is accelerating its mobile satellite service with the Starlink project, having launched over 550 satellites, but faces challenges with device compatibility for portable use [7] - SpaceX and T-Mobile plan to launch satellite phone services by summer 2025, while Apple maintains strict control over its iPhone software ecosystem, leading to ongoing technical and business model disagreements [10] Group 3: Industry Implications - The competition for spectrum resources is critical as satellite communication technology becomes more widespread, affecting the competitive landscape among companies like Apple and SpaceX [10] - Industry experts highlight that the fairness of spectrum allocation will directly influence future market dynamics in satellite communications [10]

卫星导航概念股拉升，中国长城（000066）涨停，四创电子（600990）、烽火电子（000561）此前涨 停，航天智装（300455）涨逾10%，中国卫星（600118）、海格通信（002465）、合众思壮（002383） 等跟涨。 "聪明钱"流向曝光！暗盘资金破解主力操盘密码>> ...

Group 1 - The State Intellectual Property Office of China has granted a patent for a satellite deorbit control method, system, electronic device, and storage medium to four companies: Beijing Minna Star Technology Co., Ltd., Beijing Guoyu Star Technology Co., Ltd., Anhui Minna Star Technology Co., Ltd., and Hainan Minna Star Technology Co., Ltd. The patent announcement number is CN119218444B, with an application date of October 2024 [1][2][3] - Beijing Minna Star Technology Co., Ltd. was established in 2017 and is primarily engaged in the manufacturing of railway, shipping, aerospace, and other transportation equipment. The company has a registered capital of 62.5625 million RMB and has invested in 8 companies, participated in 58 bidding projects, and holds 323 patents [1][3] - Beijing Guoyu Star Technology Co., Ltd. was founded in 2015 and focuses on technology promotion and application services. The company has a registered capital of 20 million RMB, participated in 4 bidding projects, and holds 179 patents [1][3] Group 2 - Anhui Minna Star Technology Co., Ltd. was established in 2018 and specializes in telecommunications, broadcasting, television, and satellite transmission services. The company has a registered capital of 5 million RMB and holds 177 patents [2][3] - Hainan Minna Star Technology Co., Ltd. was founded in 2017 and is also engaged in technology promotion and application services. The company has a registered capital of 65 million RMB, has invested in 1 company, and holds 178 patents [2][3]