（编辑 楚丽君） 证券日报网讯 12月4日，高新兴在互动平台回答投资者提问时表示，公司的参股公司深圳星联天通科技 有限公司专业从事卫星通信和卫星定位"通导一体化"（地空通信）产品及解决方案。星联天通的产品主 要是运用手持星联天通终端建立卫星产业"云+端（星云通管理平台+卫星终端）"的行业解决方案模 式。具体产品信息可关注该公司官网及公众号。 ...

每日金句 人唯一真正的资产是时间。唯一重要的战略，是如何使用自己的时间。有价值 的事情不要在乎价格，没价值的事情不要浪费时间，决策是价格思维还是价值 思维，结果相差悬殊。创业就像拼乐高，时间不是花在看图纸上，时间往往花 在找零件上。创始人最重要的三件事，就是找人、找钱、找方向。 吴世春 | 梅花创投创始合伙人 创业心学导师 报名 「吴世春·西安出行活动」 1月22日-24日 ， 吴世春将亲自带队 100家企业家 ， 去陕西西安线下游学 ， 走进科技制造 产业，打开万亿赛道蓝海。 你 在 创业路上遇到的问题和想法 ， 都可以找吴老师聊聊 。 如果你是 优质的项目，吴老师也会果断投 你 。 希望所有支持吴老师的人 ， 一如既往的相信他、支持他，大家 一起 加油！ 活动详情如下 ↓↓↓ 吴世春导师亲自带队 走进科技制造产业 升级数字文旅体验 探索产业生态协同 打开万亿赛道蓝海 机器人、航空航天、高端装备、新材料、新能源、 科技演费、Al+产出的创出者看过来! ll 这里认真推荐你： 你将收获 1场 产业重做的深度链接之旅 与独角虎企业、梅花投资人深度交流,占据产业链关键 卡位,共建协同生态 3天 深度沉浸式学习与认 ...

Core Viewpoint - The launch of Blue Arrow Aerospace's "Zhuque-3" is expected to significantly enhance the confidence of downstream constellation operators in Hongqing Technology's "one-stop" satellite manufacturing and networking services, thereby accelerating the acquisition of domestic and international commercial orders [1] Group 1: Investment and Strategic Partnerships - The company plans to invest 30 million yuan in Hongqing Technology by the end of 2024 to strengthen its position in the upstream key components of satellite internet [1] - The collaboration between the company, Hongqing Technology, and Blue Arrow Aerospace is expected to create a deeper competitive advantage in the upstream satellite internet industry chain [1] Group 2: Product Development and Market Expansion - The company has established a comprehensive satellite communication product system covering the entire "satellite-ground-terminal" chain, including ground station terminals, satellite communication payloads, and terminal applications [1] - The satellite communication payloads feature satellite phased array antennas supporting Ka and Ku frequency bands, which have already achieved small-scale applications in low Earth orbit communication satellites [1] - Terminal applications focus on developing mobile antennas and have successfully expanded into emerging fields such as cross-border high-speed rail, energy IoT, and civil aviation communication [1]

证券代码：002792 证券简称：通宇通讯 编号：2025-017 广东通宇通讯股份有限公司 投资者关系活动记录表 | ☑ | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 上海重鼎资产 何金花 | | | 上海卓银私募 唐凯 | | | 上海尚颀投资 宋明 | | | 南京金友私募 邢磊 | | | 北京量子智能投资 廖伟棠 | | | 纵横资本 曹格 | | | 国海证券 张婉姝 | | | 光大证券 顾叙嘉 | | | 国中数控 郑文婕 | | | 上市行 赵秋红 李丹 | | 时间 | 2025 年 12 月 4 日 | | 地点 | 公司会议室 | | 公司接待人员 | 黄华 董事会秘书 | | 姓名 | 张炜亮 投资者关系经理 | | | 邓家庆 证券事务代表 | | | 公司于 2025 年 12 月 4 日接待参与本次调研活动的机构，主要 | | 投资者关系活动 | 活动内容如下： | | 主要内容介绍 | 一、参观公司展厅、测试 ...

广州海格通信集团股份有限公司 投资者关系活动记录表 编号：2025-002 号 公司紧跟产业落地步伐，继中标用户首款产品化窄带数据终端 后再次中标窄带手持终端，市场份额可期；多款终端通过在轨测试 验证，部分终端已交付用户试用；完成某信关站建设和空口自动化 测试系统部署与试运行，将有力支撑卫星数据落地、系统运营管理。 卫星互联网领域领先优势进一步巩固，蓄势待发。 2. 公司与中国移动的战略合作主要方向有哪些？ 答：中国移动作为公司的战略合作伙伴，双方已在北斗高精度 服务、芯片、终端以及卫星物联网等应用领域展开了紧密合作，正 在深化"北斗+"行业应用拓展、空天地一体化协同发展、低空基 础设施建设、车路云一体化建设、综合运维业务拓展等领域业务合 作和战略协同。公司与中国移动联合研发的北斗卫星通导融合芯片 项目荣获中国移动 2024 年度产投协同"十大标杆案例"之一，本 项目是双方共同合作研发、以构建北斗时空服务体系为使命的"中 国芯"，是大众消费领域首款"北斗短报文+北斗定位"通导融合 芯片，支持双频高精定位、北斗短信双向通信功能，正成为空天地 一体通信生态的核心底座。通过打造"技术创新共研、市场生态共 拓、人才队 ...

Core Viewpoint - The article emphasizes the importance of the satellite communication industry as a strategic and foundational sector for economic and social development, highlighting the recent initiatives to commercialize satellite IoT services in China [1]. Group 1: Industry Development - The satellite communication industry is recognized as a crucial component of new infrastructure, applicable in mobile user services, remote operations, and advanced application fields [1]. - The Ministry of Industry and Information Technology announced a two-year commercial trial for satellite IoT services, aiming to enrich the satellite communication market and support the healthy development of emerging industries like commercial aerospace and low-altitude economy [1]. Group 2: Future Opportunities - The article discusses the need for the communication industry to leverage the development opportunities presented by the integration of space and terrestrial networks, focusing on enhancing technical capabilities and expanding application scenarios [2]. - The integration of satellite communication with 6G technology is highlighted as a key area for improving the intelligence and collaboration levels within the information industry, which is essential for supporting the digital transformation of the national economy and society [2].

Core Insights - The event focuses on the integration of space and terrestrial communication networks, highlighting new opportunities in the telecommunications industry [1][2] - The satellite communication sector is recognized as a crucial part of new infrastructure, with applications in mobile users, remote operations, and advanced applications [1] - The Ministry of Industry and Information Technology has announced a two-year commercial trial for satellite IoT services, aiming to enrich the satellite communication market and support the development of emerging industries [1] Industry Developments - The telecommunications industry is seen as a strategic and foundational sector that supports economic and social development [1] - The integration of satellite communication with 6G technology is being explored to enhance the intelligence and collaboration within the information industry [2] - The event aims to discuss how to leverage the development opportunities presented by the integration of space and terrestrial networks to improve technical capabilities and application scenarios [2] Event Details - The live event will feature discussions with industry leaders, including the chairpersons of Xinke Mobile and Aerospace Huanyu, and a chief analyst from CITIC Securities [2] - The recorded event will be available on the Yicai website and app on December 5, 2025 [3]

人民财讯12月4日电，中信证券指出，11月以来国内低轨卫星组网加速催化，卫星载荷为实现卫星组网 通信功能的关键，其中"星间激光链路"负责星-星传输，为微波通信的升级技术，技术壁垒高，为太空 算力从概念走向实用的关键支撑。预计伴随卫星数量增加、单星算力提升、卫星网络复杂度提升，星间 激光的重要性将进一步提升，建议关注当前在载荷端卡位领先的企业。 ...

Core Viewpoint - Shunhao Co., Ltd. (002565.SZ) experienced a significant stock price fluctuation, with a cumulative increase of over 20% in closing prices over two consecutive trading days on December 1 and 2, 2025, indicating abnormal trading activity [2] Company Summary - The company invested 110 million RMB in Beijing Rail Chuang Technology Co., Ltd. (referred to as "Rail Chuang") in June 2025, acquiring a 19.30% stake [2] - Rail Chuang's primary business involves launching computing power satellites into the dawn-dusk orbit to establish a space data center, providing computing power services to clients [2] - Rail Chuang's operational scope includes satellite technology integration, satellite navigation services, and manufacturing and sales of satellite mobile communication terminals [2] Industry Summary - There is currently no synergy between the existing business of Shunhao Co., Ltd. and the operations of Rail Chuang [2] - Rail Chuang's business is subject to risks from macroeconomic factors, industry policies, and market environment changes, with potential challenges in industrialization and commercialization timelines [2] - Rail Chuang's "Tiansu Tiansuan" business may have clear commercial value within the next five years, while the "Dishu Tiansuan" business could gradually gain competitive advantages against ground data centers over the next 5-10 years [2]

Investment Rating - The report rates the electronic industry as "Outperform" compared to the market [1]. Core Insights - The integrated circuit manufacturing sector leads the electronic industry with a significant increase in the SW electronic industry index by 6.05%, outperforming the CSI 300 index which increased by 1.64% [4]. - The launch of the "Zhuque-3" rocket is expected to drive the development of the satellite communication industry, particularly in low Earth orbit (LEO) satellite networks [2][7]. - The report highlights the cost-saving potential of reusable rocket technology, which can significantly reduce satellite launch costs, thereby supporting the growth of the domestic low Earth orbit satellite industry [20][29]. Summary by Sections Section 1: Zhuque-3 Rocket Development - The "Zhuque-3" rocket is China's first reusable liquid oxygen-methane rocket, designed for satellite internet networking and cargo transport to space stations [7][8]. - The rocket features a diameter of 4.5 meters, a total length of 76.6 meters, and a launch mass of approximately 660 tons, with a thrust of 900 tons [8][12]. Section 2: Global Industry Dynamics - Alibaba reported a revenue of approximately 247.8 billion yuan for Q2 of FY2026, marking a 4.8% year-on-year increase, driven by strong growth in AI and cloud services [33]. - SoftBank completed the acquisition of Ampere Computing, enhancing its capabilities in high-performance processors for cloud computing and AI workloads [34]. - Huawei held its 2025 autumn launch event, introducing several new products including the Mate 80 series and Mate X7 foldable phone [35][36]. Section 3: Market Performance - The SW electronic industry index increased by 6.05%, ranking second among 31 sectors, with the communication sector leading at +8.70% [40]. - The top-performing sub-sectors within the electronic industry included integrated circuit manufacturing (+11.54%) and printed circuit boards (+8.87%) [45]. - Notable stock performances included Yunzhu Technology (+60.35%) and Changguang Huaxin (+59.33%) [48].