证券日报网讯12月29日，星网宇达（002829）在互动平台回答投资者提问时表示，公司的惯导产品主要 是捷联式惯导。受益于市场需求牵引，惯性导航及其组合导航未来具有较大的增长空间。公司紧跟行业 发展趋势，持续加大研发投入，成功研发出光纤、MEMS等系列化惯性导航和组合导航产品。这些产品 不仅在公司的无人整机系统中得到成功应用，还广泛应用于铁路检测、智能交通、机器人、无人采煤 机、飞行滑板等领域和场景，为客户提供了多样化的导航定位解决方案。2025年上半年，公司凭借深厚 的技术积累和创新能力，成功研制出一款惯性测量单元、一款标定机器人以及一款船载光纤罗经。新一 代高性价比的战术级惯性测量单元，采用先进的阵列融合技术、全温标定及补偿技术，在确保同等精度 的前提下，有效降低了产品成本，具备显著的成本竞争优势。该产品广泛运用于车载导航、动中通、飞 行器等领域，为各类运动载体提供了精准可靠的惯性测量支持。此外，标定机器人通过集成高精度编码 器与电机，实现了±0.02mm的极高重复定位精度，确保了角度姿态采集的高准确性与高重复性，该机器 人可高效完成MEMS加速度计和陀螺仪的批量标定工作，为惯性器件的规模化生产与质量控制 ...

12月24日，理工导航涨5.09%，截至发稿，报56.60元/股，成交6808.82万元，换手率1.40%，总市值 49.81亿元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，北京理工导航控制科技股份有限公司位于北京市北京经济技术开发区瑞合东一路1号院1号 楼，成立日期2012年2月24日，上市日期2022年3月18日，公司主营业务涉及惯性导航系统及其核心部件 的研发、生产和销售,并基于自有技术为客户提供导航、制导与控制系统相关技术服务。主营业务收入 构成为：产品销售99.63%，其他(补充)0.34%，技术服务0.04%。 从理工导航十大流通股东角度 数据显示，中欧基金旗下1只基金位居理工导航十大流通股东。中欧高端装备股票发起A（016847）三 季度增持210万股，持有股数260万股，占流通股的比例为2.95%。根据测算，今日浮盈赚取约712.4万 元。 中欧高端装备股票发起A（016847）成立日期2022年11月14日，最新规模3.22亿。今年以来 ...

证券日报网讯 12月23日，华测导航发布公告称，公司第四届董事会第二十四次会议审议通过《关于的 议案》等。 （文章来源：证券日报） ...

Core Viewpoint - The report from Dongxing Securities highlights that Huace Navigation, a leader in high-precision navigation applications, is poised to benefit from the "15th Five-Year Plan" and the Beidou system's advantages, with self-developed chips and new product innovations solidifying its lead in both domestic and international markets [1] Revenue Growth Projections - The company is expected to achieve revenue growth rates of 22.6%, 20.2%, and 18.4% for the years 2025, 2026, and 2027 respectively [1] - Corresponding net profits attributable to the parent company are projected to be 742 million yuan, 933 million yuan, and 1.158 billion yuan for the same years [1] Market Position and Product Reception - The successful expansion into overseas markets and positive market response to new RTK measurement products and LiDAR products reinforce the company's competitive position [1] - The industry in which Huace Navigation operates is characterized by long-term growth potential, supported by the company's effective scientific management mechanisms [1] Valuation and Target Price - Based on the valuation of the CSI 500 index and the communication equipment industry index, the company is assigned a price-to-earnings ratio (PE) of 30X-35X for 2026 [1] - This corresponds to a target price range of 35.7 to 41.7 yuan, indicating a potential upside of 16% to 36% from the current market capitalization [1] Investment Recommendation - The report initiates coverage with a "Buy" rating for the company, reflecting confidence in its growth trajectory and market positioning [1]

Core Viewpoint - As of November 28, 2025, the number of shareholders for Huace Navigation (300627) is projected to be 45,597 [1] Group 1 - The company responded to investor inquiries on an interactive platform [1] - The specified date for the shareholder count is November 28, 2025, with November 30, 2025, being a non-trading day [1]

Macro Research - The report highlights a unique economic condition in the US characterized by "weak employment + strong growth," indicating a historical disconnection between employment and economic growth. The average annual growth rate of the labor force is projected to be only 0.3-0.5% over the next decade, significantly lower than the 1.3% observed in the past five years [1][16] - The report identifies high interest rates as the primary reason for the employment slowdown, followed by the adverse effects of labor hoarding during the pandemic. The impact of artificial intelligence on employment is deemed negligible, while the effects of reduced immigration and government layoffs are considered limited [2][16] - The strong economic growth is attributed to the marginal productivity decline of labor, with significant employment growth occurring in low-GDP-contributing sectors like education and healthcare. Capital expansion driven by AI investment and its wealth effect is seen as the main driver of US economic growth [2][17] Military Industry Research - The military sector experienced a decline recently, with the US Navy initiating recovery operations for two aircraft that crashed in the South China Sea. The report notes that the military industry remains on a long-term upward trend due to increasing geopolitical tensions [4][6] - The report emphasizes the importance of advanced military technology and equipment in modern warfare, suggesting a focus on aerospace and satellite internet sectors as key areas for investment [7] Automotive Industry Research - The Guangzhou International Auto Show showcased a strong focus on electrification and intelligence, with 629 out of 1,085 vehicles displayed being new energy vehicles, accounting for 58% of the total [8][9] - Companies like XPeng and Changan presented their latest advancements in embodied intelligence, indicating a shift towards integrating robotics into automotive design and functionality [8][9] - The report highlights the competitive landscape in the automotive sector, with a focus on product definition, technological self-research, and systematic capabilities as key competitive factors moving forward [11][9]

Core Viewpoint - The company, 理工导航 (LIGONG Navigation), has announced its involvement in the commercial aerospace sector through the development and production of high-precision inertial navigation systems and related products, having signed a contract with a domestic commercial aerospace enterprise for a specific inertial navigation system [1] Group 1 - The company is engaged in the research, design, and production of high-precision and reliable inertial navigation systems, acceleration measurement modules, and rate gyro combination systems [1] - The products developed by the company are applicable in the commercial aerospace field [1] - A contract has been signed with a domestic commercial aerospace company for the supply of a specific type of inertial navigation system [1]

Group 1 - The company is actively expanding into the civilian market and has developed products for the commercial aerospace sector [2] - The company has designed and produced high-precision and reliable inertial navigation systems, acceleration measurement modules, and rate gyro combination systems suitable for commercial aerospace applications [2] - The company has signed a contract with a domestic commercial aerospace enterprise for a specific type of inertial navigation system [2]

Group 1 - The company, SiNan Navigation, announced the approval of a stock incentive plan during its board meeting held on November 24, 2025 [2] - The plan involves granting 280,761 restricted stock units to 8 incentive recipients at a price of 15.72 yuan per share [2]

Core Viewpoint - The stock price of LIGONG Navigation (688282.SH) has declined by 6.37%, closing at 47.60 yuan, indicating that the company is currently in a state of share price drop since its IPO [1] Group 1: Company Overview - LIGONG Navigation was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 18, 2022, with an initial public offering (IPO) of 22 million shares at a price of 65.21 yuan per share [1] - The total amount raised from the IPO was 1.435 billion yuan, with a net amount of 1.251 billion yuan after deducting issuance costs [1] - The net amount raised exceeded the original plan by 615 million yuan, indicating strong investor interest [1] Group 2: Fund Utilization - The funds raised are intended for several projects, including the expansion of inertial navigation device production, the construction of fiber optic gyroscope production facilities, the establishment of a research and development center, and to supplement working capital [1] - The total issuance costs for the IPO amounted to 184 million yuan, with underwriting and sponsorship fees accounting for 163 million yuan [1]