Group 1 - The core viewpoint is that China's BeiDou system is a significant achievement in satellite navigation and position services, recognized by the United Nations, and is not intended to challenge the global position of the US GPS system [1] - The Chinese government emphasizes that its technological innovations and industrial development are not aimed at any specific country, but rather contribute to global advancements [1] - China expresses its commitment to open cooperation and mutual benefits, aiming to share advanced technological achievements with other countries for the betterment of humanity [1] Group 2 - The Chinese government supports all efforts conducive to peace regarding the Ukraine crisis and advocates for direct dialogue and negotiations between Russia and Ukraine [2] - China hopes for a fair, lasting, and binding peace agreement that is acceptable to all parties involved in the Ukraine crisis [2] - The Chinese government is willing to play a constructive role in resolving the crisis and achieving lasting peace, based on the willingness of the parties involved [3]

Group 1 - The core point of the news is that Chengdu Mingsheng Electronics Co., Ltd. has experienced a decline in stock price, with a cumulative drop of -12.53% over six consecutive trading days [1] - Mingsheng Electronics is recognized as a national-level specialized and innovative "little giant" enterprise engaged in satellite navigation, satellite communication, electronic countermeasures, and data link terminal product development, manufacturing, sales, and related technical services [1] - E Fund's defense and military industry mixed fund, E Fund Defense and Military Industry Mixed A, has entered the top ten shareholders of Mingsheng Electronics as a new investor in the first quarter of this year, with a year-to-date return of 0.68%, ranking 2808 out of 4546 in its category [1] Group 2 - He Chongkai, the fund manager of E Fund Defense and Military Industry Mixed A, holds a master's degree in management and currently serves as the assistant general manager of the equity investment management department at E Fund [4] - E Fund Management Co., Ltd. was established in April 2001, with Liu Xiaoyan as the chairman and Wu Xinrong as the general manager [4] - The company has 11 shareholders, with Yingfeng Group Co., Ltd., Guangdong Yuecai Trust Co., Ltd., and GF Securities Co., Ltd. each holding 22.65% of the shares [4]

Core Viewpoint - The Beidou system represents a significant achievement in China's satellite navigation and positioning service industry, recognized by the United Nations as a contribution to global technological innovation [1] Group 1 - The Beidou system is highlighted as a key accomplishment in China's technological advancements and industrial development [1] - China's technological innovation and industrial growth are not aimed at challenging any other country, emphasizing a stance of openness and cooperation [1] - The commitment to continue collaboration with other nations to leverage advanced technological achievements for the benefit of humanity is reiterated [1]

Core Viewpoint - The recent release of the "2025 China Satellite Navigation and Positioning Service Industry Development White Paper" highlights the rapid development of China's satellite navigation and positioning service industry, particularly the Beidou system, which is seen as a challenge to the global dominance of the US GPS system [1] Group 1 - The Beidou system is recognized as a significant achievement in China's satellite navigation and positioning service industry [1] - The Chinese government emphasizes that its technological innovations and industrial developments are not aimed at challenging any other country [1] - The Beidou system is positioned as a global asset, with China expressing a commitment to open cooperation and mutual benefits with other countries [1]

2024年，北斗系统在多个领域实现了深度应用与创新突破，其高精度定位、短报文通信、时空信息服务等核心能力持续赋能千行百业。北斗跨界融合不 断深化，与5G、AI、物联网技术结合，催生无人农场、数字工地等新业态。 5月18日，中国卫星导航定位协会在京发布《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总体 产值达到5758亿元，同比增长7．39％。随着北斗规模应用的市场化、产业化和国际化进程不断推进，产业发展呈现稳步回升态势。 2024年，各行业数字化转型和智能化升级使得对卫星导航设备及时空数据的需求持续释放，为北斗时空信息应用与服务市场发展持续注入新活力。同 时，国家和地方政府连续出台多项政策，推动北斗在行业领域和大众消费领域的深化应用，使市场活跃度不断增强。 北斗规模应用与产业化发展不断取得新突破 白皮书显示，北斗系统自提供服务以来，已在交通运输、气象预报、通信授时、电力调度、减灾救灾、公共安全等领域得到广泛应用，融入国家核心基 础设施，产生了显著的经济效益和社会效益。 在农业领域，北斗应用向着智能化和精准化升级，已从单一导航向全产业链智能化延伸，显著提升了农 ...

常言道"天上雷公，地上海陆丰！"如今，这句话有了新的视角，现在天上也有"海陆丰"了！"大家都引 以为豪，卫星的名字也承载着汕尾人民的记忆和感情。"汕尾市委宣传部副部长陈欣昕向南都、N视频 记者感慨道。 如今，卫星设施的建设、应用成为数字经济发展不可或缺的新路径。南都、N视频记者深入了解 到，"海陆丰号"卫星承载着广东的数字经济梦想。在广东高科技产业商会会长王理宗看来，这颗卫星的 成功发射，正是广东挖掘和推进新质生产力发展的成果。 火箭成功发射。 "我们在现场等了几个小时，终于亲眼见证了这一历史性时刻，非常激动。"余浩帆是汕尾人，现场见证 以家乡命名的卫星升空，他激动万分。 "卫星成功发射的消息，已经在我的朋友圈里刷屏了。"5月19日，汕尾市委宣传部副部长陈欣昕向南都 记者介绍说，"这颗以'海陆丰'命名的卫星，不仅是对以彭湃同志为代表的海陆丰革命先烈的缅怀和纪 念，更是海陆丰革命精神在航天领域的生动延续。" 陈欣昕告诉南都记者，天启星座的应用场景覆盖多个领域，随着"海陆丰号"入轨，其全球组网能力进一 步增强，将为汕尾加快布局商业航天、低空经济等产业提供强大助力。"我们也希望在战略性新兴产业 发展方面，能有更多作 ...

宏观日报 | 2025-05-20 关注设备制造出口投资 中观事件总览 生产行业：关注制造业设备制造出口投资。 1）国家发改委发布消息称，自5月19日24时起，国内汽油价格和柴油 价格分别下调230元/吨和220元/吨。折合升价，92号汽油下调0.18元，95号汽油和0号柴油均下调0.19元。按照油箱 容量为50L的家用轿车为例，加满一箱92号汽油将节省9元。2）中国进出口银行发布的数据显示，1—4月投放制造 业中长期贷款超1800亿元。4月末，制造业中长期贷款余额达1.8万亿元，重点支持了船舶、工程机械等制造业产品 出口，积极满足科技型企业全周期金融需求，全力支持现代化产业体系建设。 服务行业：关注服务行业科技化改善。 1）据中国卫星导航定位协会，2024年我国以北斗为核心的卫星导航与位 置服务产业总体产值达到5758亿元人民币，同比增长7.39％，产业规模持续扩大。同时，北斗进入规模化应用新阶 段，全面融入电力、通信、交通运输等国家重要基础设施建设，以及大众消费、共享经济等多个领域。最新数据 显示，2024年国内卫星导航定位终端产品总销量超过4.1亿台，其中具有卫星导航定位功能的智能手机出货量达到 2.9 ...

5月15日，记者从国防科技大学获悉，该校电子科学学院教授王飞雪团队利用天线抖动增加卫星高精度 测量中的信息量，研发了一种消除多径误差的新机制，并在全球首次成功以微小抖动消除了多径误差， 为复杂遮挡环境下的低成本高精度卫星导航创造了更大的可能。该成果日前在线发表于国际期刊《通讯 ·工程》。 传统高精度卫星导航主要依赖阻尼环天线等昂贵的高端监测天线，以被动抑制用户接收到卫星直达信号 以外的反射信号带来的多径误差。但在城市峡谷、林区或室内等复杂遮挡环境中，这类多径信号干扰依 然无法被彻底消除。与此同时，高端监测天线等高成本设备也难以大规模部署。 团队将各种天线抖动模式统一映射到线性抖动模型中，推导出了最小抖动幅度理论公式，并基于该公式 计算，研发出了一套直线抖动装置。它可兼容于现有车载天线和手持天线，无需对天线内部结构进行任 何改动。团队通过静止高精度监测天线（成本约5万元）与抖动普通车载天线（成本约7元）的对比实验 发现，两者二维定位精度基本相同。 该方法不仅为智慧交通、自动驾驶、无人机巡检等场景提供了低成本、高可靠的卫星定位新解决方案， 还研发出了可灵活安装于各类现有天线、无需改变接收机硬件的抖动模块，有望大幅 ...

Group 1 - Foxconn announced a €250 million investment in Europe, focusing on semiconductor advanced packaging and satellite manufacturing [1] - The investment includes a joint venture with Thales SA and Radiall SA in France for OSAT, marking the establishment of Europe's first FOWLP advanced packaging testing facility [1] - The initial sales will target the European market, serving industries such as automotive, space technology, 6G mobile communication, and defense [1] Group 2 - The collaboration with Thales aims to develop high-quality, high-value satellite mass production capabilities, supporting future large-scale satellite constellation projects [2] - Foxconn has demonstrated its commitment to the satellite communication industry through partnerships and the development of various satellite-related technologies [2] - The company envisions low Earth orbit satellites becoming a crucial component of 5G or 6G communication in the next 10 to 15 years, with plans to standardize and industrialize production processes [2]

Company Performance - Gilat Satellite (GILT) reported quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.07 per share, and down from $0.11 per share a year ago, representing an earnings surprise of -57.14% [1] - The company posted revenues of $92.04 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 13.98%, compared to year-ago revenues of $76.08 million [2] - Over the last four quarters, Gilat has surpassed consensus EPS estimates two times but has not been able to beat consensus revenue estimates [2] Stock Outlook - Gilat shares have increased approximately 8.6% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the coming quarter is $0.11 on revenues of $109.5 million, and $0.50 on revenues of $443 million for the current fiscal year [7] Industry Context - The Satellite and Communication industry, to which Gilat belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Gilat's stock performance [5][6]