（文章来源：证券时报网） 数据宝统计，截至13:58，华测导航成交额13.84亿元，创上市以来新高。最新股价上涨5.07%，换手率 5.92%。（数据宝） ...

据天眼查APP显示，北京北斗星通导航技术股份有限公司成立于2000年09月25日，注册资本54291.0913 万人民币。（数据宝） 数据宝统计，截至14:26，北斗星通成交额29.13亿元，创2020年10月16日以来新高。最新股价上涨 3.29%，换手率17.22%。上一交易日该股全天成交额为29.05亿元。 （文章来源：证券时报网） ...

每经AI快讯，华测导航（SZ 300627，收盘价：32.26元）12月23日晚间发布公告称，公司第四届第二十 四次董事会会议于2025年12月23日在上海市青浦区崧盈路577号华测时空智能产业园C座二楼会议室以 现场结合通讯方式召开。会议审议了《公司2021年限制性股票激励计划预留授予部分第三个归属期符合 归属条件》等文件。 截至发稿，华测导航市值为254亿元。 每经头条（nbdtoutiao）——地产"优等生"受困20亿元到期债务，首次债务展期仍在博弈，明年还有超 百亿元公开债到期 （记者 王晓波） 2025年1至6月份，华测导航的营业收入构成为：资源与公共事业占比38.29%，建筑与基建占比 35.92%，地理空间信息占比19.56%，机器人与无人驾驶占比6.23%。 ...

截至发稿，崔蕾累计任职时间7年48天，现任基金资产总规模1227.6亿元，任职期间最佳基金回报 189.31%， 任职期间最差基金回报-15.93%。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益26.03%，同类 排名1965/4197；近一年收益19.73%，同类排名2540/4154；成立以来收益11.53%。 南方中证1000ETF（512100）基金经理为崔蕾。 12月23日，北斗星通跌5.08%，截至发稿，报34.58元/股，成交22.36亿元，换手率14.07%，总市值 187.74亿元。 资料显示，北京北斗星通导航技术股份有限公司位于北京市海淀区丰贤东路7号北斗星通大厦南二层， 成立日期2000年9月25日，上市日期2007年8月13日，公司主营业务涉及芯片及数据服务、导航产品、陶 瓷元器件、汽车电子。主营业务收入构成为：产品销售95.95%，服务收入4.04%，系统应用0.01%。 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 ...

Group 1 - The core transaction involved Huace Navigation, with a total of 216,900 shares traded on December 11, resulting in a transaction amount of 5.3856 million yuan, which accounted for 1.7% of the total trading volume for that day [1][2] - The transaction price was 24.83 yuan per share, representing a discount of 19.12% compared to the market closing price of 30.7 yuan [1][2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - The company's stock incentive plan is the largest in its history, covering 1,082 individuals and granting 20 million shares, reflecting confidence in future growth and a commitment to sharing development results with employees [2][8]. - The company is focusing on four main growth areas: overseas expansion, 3D intelligence, precision agriculture, and smart driving, which are expected to drive long-term growth [8]. - The projected net profit for 2025 is 730 million yuan, representing a year-on-year increase of 25%, with further growth expected in subsequent years [8]. Summary by Sections Incentive Plan - The incentive plan involves granting up to 20 million restricted stocks, accounting for 2.5471% of the total share capital, with an initial grant of 18 million shares [7]. - The grant price is set at 27.08 yuan per share, based on 80% of the average price over the previous 20 trading days [7]. Growth Areas - **Overseas Expansion**: The company anticipates that overseas revenue will reach 29% in 2024, with a gross margin of 77.6%, significantly higher than the domestic market [8]. - **3D Intelligence**: The company has completed the domestic replacement of core components and is seeing positive growth after investing in sales resources [8]. - **Precision Agriculture**: The company has developed an automatic navigation control system for agricultural machinery, with plans to replicate this success in other agricultural equipment [8]. - **Smart Driving**: The company is a designated supplier for several automotive manufacturers, with over 300,000 units delivered [8]. Financial Projections - The company expects net profits of 733 million yuan, 930 million yuan, and 1.207 billion yuan for 2025, 2026, and 2027, respectively, with growth rates of 26%, 27%, and 30% [8].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report highlights that the company's revenue growth is expected to accelerate, with a projected increase in net profit and gross margin due to strong overseas performance and effective cost management [4][3] - The company is experiencing a decline in domestic displacement monitoring business, but this is offset by rapid growth in overseas markets, particularly in robotics and autonomous driving sectors [4] - The report maintains a positive outlook on the company's profitability, forecasting significant growth in net profit over the next few years [4] Financial Summary - As of October 24, 2025, the company's closing price is 32.39 yuan, with a total market capitalization of 254.33 billion yuan and total shares outstanding of 7.85 billion [2] - Key financial metrics for the upcoming years are as follows: - Total revenue is projected to grow from 32.51 billion yuan in 2024 to 58.11 billion yuan in 2027, with year-on-year growth rates of 21.4%, 16.5%, 24.6%, and 23.1% respectively [3] - Net profit attributable to shareholders is expected to increase from 5.83 billion yuan in 2024 to 12.12 billion yuan in 2027, with growth rates of 29.9%, 26.2%, 30.2%, and 26.3% respectively [3] - The gross margin is forecasted to remain strong, with values of 58.1%, 57.7%, 58.4%, and 58.8% from 2024 to 2027 [3] - Return on equity (ROE) is projected to rise from 16.6% in 2024 to 23.4% in 2027 [3] - Earnings per share (EPS) is expected to grow from 0.74 yuan in 2024 to 1.54 yuan in 2027 [3]

Core Viewpoint - The company, Huace Navigation, forecasts a net profit attributable to shareholders of 480 million to 495 million yuan for the first three quarters of 2025, representing a year-on-year growth of 23.17% to 27.02% [1] Group 1: Financial Performance - The company expects significant growth in net profit and net profit excluding non-recurring gains and losses during the reporting period [1] - The projected net profit range indicates a strong financial performance compared to the previous year [1] Group 2: Strategic Initiatives - The company adheres to a globalization strategy and focuses on developing popular products, actively expanding industry applications in robotics, autonomous driving, and geospatial information [1] - There is a concentrated effort to enhance overseas market presence, with rapid growth in overseas revenue and substantial future growth potential [1] Group 3: Research and Development - The company continues to increase R&D investment to build core technological barriers, enhancing product competitiveness [1] - This focus on R&D supports rapid business expansion across various industry markets [1]

Core Viewpoint - The company, Huace Navigation, expects a significant increase in net profit for the first three quarters, driven by strategic global expansion and increased R&D investment [1] Financial Performance - The estimated net profit attributable to shareholders is between 480 million and 495 million yuan, representing a year-on-year growth of 23.17% to 27.02% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 440 million and 455 million yuan, reflecting a growth of 28.81% to 33.20% compared to the previous year [1] Strategic Initiatives - The company is focusing on a global strategy and the development of popular products, with rapid growth in sectors such as robotics, autonomous driving, and geospatial information [1] - There is a strong emphasis on expanding overseas markets, which have shown continuous and rapid revenue growth, indicating significant future potential [1] R&D Investment - The company has increased its R&D investment to build core technological barriers and enhance product competitiveness, facilitating rapid market expansion across various industries [1] Other Financial Impacts - The implementation of the company's equity incentive plan has resulted in share-based payment expenses of approximately 33 million yuan, which has been accounted for in the current reporting period [1] - Non-recurring gains and losses are expected to impact the current net profit by approximately 40 million yuan [1]

Core Insights - On September 24, 2023, Siwei Tuxin's stock rose by 3.08%, with a trading volume of 605 million yuan [1] - The company reported a net financing outflow of 944.65 million yuan on the same day, with a total financing and securities balance of 1.229 billion yuan [1] - As of June 30, 2025, Siwei Tuxin's revenue was 1.761 billion yuan, a year-on-year increase of 5.62%, while the net profit attributable to shareholders was -311 million yuan, reflecting a 12.68% year-on-year growth [2] Financing and Securities - On September 24, Siwei Tuxin had a financing buy-in of 57.8858 million yuan, with a financing balance of 1.228 billion yuan, accounting for 5.54% of the circulating market value [1] - The financing balance is below the 40th percentile level over the past year, indicating a relatively low position [1] - The company had a securities lending balance of 99.96 million yuan, which is also below the 10th percentile level over the past year [1] Shareholder Information - As of June 30, 2025, Siwei Tuxin had 206,800 shareholders, a decrease of 5.25% from the previous period [2] - The average number of circulating shares per shareholder increased by 5.56% to 11,391 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 14.9894 million shares, and several ETFs that also increased their positions [2] Business Overview - Siwei Tuxin, established on December 3, 2002, and listed on May 18, 2010, operates in various sectors including intelligent cloud services, intelligent driving, intelligent cockpit, and intelligent chip businesses [1] - The revenue composition is as follows: Intelligent Cloud 71.84%, Intelligent Chip 14.73%, Intelligent Cockpit 6.70%, Intelligent Driving 4.38%, and Others 2.34% [1]