中国经济网北京11月25日讯 理工导航(688282.SH)今日股价下跌，截至收盘报49.51元，跌幅 3.47%。 理工导航首次公开发行股票募集资金总额14.35亿元，扣除发行费用后，募集资金净额为12.51亿 元。理工导航最终募集资金净额比原计划多6.15亿元。理工导航于2022年3月14日披露的招股说明书显 示，该公司拟募集资金6.36亿元，分别用于惯性导航装置扩产建设项目、光纤陀螺仪生产建设项目、研 发中心建设项目、补充流动资金。 理工导航首次公开发行股票的发行费用总额为1.84亿元，其中，保荐及承销费用1.63亿元。 理工导航于2022年3月18日在上交所科创板上市，公开发行股份数为2200.00万股，发行价格为65.21 元/股，保荐机构（主承销商）为中国国际金融股份有限公司，保荐代表人为石一杰、严焱辉。该股目 前处于破发状态。 （责任编辑：华青剑） ...

理工导航首次公开发行股票募集资金总额14.35亿元，扣除发行费用后，募集资金净额为12.51亿元。理 工导航最终募集资金净额比原计划多6.15亿元。理工导航于2022年3月14日披露的招股说明书显示，该 公司拟募集资金6.36亿元，分别用于惯性导航装置扩产建设项目、光纤陀螺仪生产建设项目、研发中心 建设项目、补充流动资金。 理工导航首次公开发行股票的发行费用总额为1.84亿元，其中，保荐及承销费用1.63亿元。 中国经济网北京11月20日讯理工导航(688282.SH)今日股价下跌，截至收盘报47.60元，跌幅6.37%。 理工导航于2022年3月18日在上交所科创板上市，公开发行股份数为2200.00万股，发行价格为65.21元/ 股，保荐机构(主承销商)为中国国际金融股份有限公司，保荐代表人为石一杰、严焱辉。该股目前处于 破发状态。 ...

Core Points - Rigol Navigation (688282.SH) closed at 53.07 yuan, experiencing a decline of 11.39% [1] - The company 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, representing 25% of the total shares post-IPO, at a price of 65.21 yuan per share [1] - Currently, the stock is in a state of decline below its IPO price [1] Fundraising and Financials - Rigol Navigation raised a total of 1.435 billion yuan from its IPO, with a net amount of 1.251 billion yuan after deducting issuance costs [1] - The final net fundraising amount exceeded the original plan by 615 million yuan [1] - The company initially aimed to raise 636 million yuan for projects including the expansion of inertial navigation devices, production of fiber optic gyroscopes, research and development center construction, and to supplement working capital [1] - Total issuance costs amounted to 184 million yuan, with the underwriting and sponsorship fees to China International Capital Corporation totaling 163 million yuan [1]

Core Viewpoint - The company, 理工导航, reported significant growth in revenue for the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite operational improvements [1]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 35.76 million yuan, a year-on-year increase of 170.36% compared to 13.23 million yuan in the same period last year [3]. - The net profit attributable to shareholders was -16.81 million yuan, an improvement from -30.61 million yuan in the previous year [3]. - The net profit excluding non-recurring gains and losses was -20.08 million yuan, compared to -32.44 million yuan in the same period last year [3]. - The net cash flow from operating activities was -52.84 million yuan, worsening from -24.30 million yuan in the previous year [3]. Historical Context - In 2024, the company reported operating revenue of 171 million yuan, a substantial increase of 685.63% from the previous year [4]. - The net profit attributable to shareholders in 2024 was -4.53 million yuan, an improvement from -22.55 million yuan in the previous year [4]. - The net cash flow from operating activities in 2024 was 17.58 million yuan, a significant increase from 3.57 million yuan in the previous year [5]. IPO and Fundraising - 理工导航 was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 18, 2022, with an initial public offering of 22 million shares at a price of 65.21 yuan per share [6]. - 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 [6]. - The company planned to use the raised funds for expansion projects and working capital, with the final net amount exceeding the original plan by 615 million yuan [6].

Core Viewpoint - The PL-15 missile has garnered attention for its advanced technology that enables it to effectively target enemy aircraft within its operational range [1] Group 1: Technology and Functionality - The PL-15 missile utilizes a fiber optic gyroscope, which is crucial for high-altitude, high-speed flight and precise target engagement [5] - The fiber optic gyroscope consists of a tightly wound fiber coil that splits a laser beam into two identical beams, allowing for precise measurement of the missile's angular position and speed based on the time difference in their travel [5] - The military-grade fiber optic gyroscope boasts remarkable accuracy, requiring thousands of turns in the fiber coil and high precision in winding to detect even the slightest changes in missile posture during high-speed flight [8] Group 2: Performance and Resilience - The high precision of the fiber optic gyroscope ensures that any minor attitude changes of the missile are promptly detected and corrected, maintaining targeting accuracy [8] - The fiber optic gyroscope also exhibits strong resistance to electromagnetic interference, allowing the PL-15 missile to function reliably in complex battlefield environments, ensuring it remains locked onto its target [8]

Core Insights - The low-altitude economy is becoming a key area for cultivating new productive forces as part of the national strategic emerging industries [1] - Shanghai Pudong Development Bank (SPDB) is actively supporting leading enterprises in the low-altitude economy by overcoming technical bottlenecks and accelerating commercialization processes [1] Group 1: Financial Services and Collaborations - The 2025 International Low Altitude Economy Expo in Shanghai gathered nearly 300 leading global low-altitude economy enterprises, showcasing revolutionary breakthroughs in low-altitude technology [2] - SPDB Shanghai Branch has established a strategic partnership with Shanghai Low Altitude Economy Development Co., aiming to create a leading financial innovation platform for the low-altitude economy [2] - The bank has developed a "tropical rainforest" service system, integrating various resources to support the transformation into a comprehensive service model combining commercial banking, investment banking, and ecological services [2] Group 2: Innovative Financing Solutions - SPDB has introduced the "Specialized and Innovative Small Giant Credit Loan" product to support a leading enterprise in the fiber optic gyro field, providing favorable interest rate loans tailored to the company's needs [3] - The bank's financing solutions not only meet the capital needs for expanding production capacity but also lower financing costs, allowing the enterprise to invest more in technological research and development [3] - A new materials technology company received a 5 million yuan loan through an innovative intellectual property pledge financing model, addressing its tight cash flow and high R&D investment needs [4] Group 3: Commitment to Economic Development - SPDB is committed to supporting the national strategy and the real economy, continuously enhancing its financial services in the emerging low-altitude economy sector [4] - The bank aims to provide comprehensive support to low-altitude economy enterprises through flexible financial products, precise service plans, and efficient approval mechanisms [4]

Group 1 - The low-altitude economy is becoming a key area for cultivating new productive forces as part of the national strategic emerging industries [1] - Shanghai Pudong Development Bank (SPDB) Shanghai Branch is actively supporting leading enterprises in the low-altitude economy to overcome technical bottlenecks and accelerate commercialization processes [1] - A strategic cooperation was established between SPDB Shanghai Branch and Shanghai Low Altitude Economic Development Co., aiming to create a specialized research institution for financial services in the low-altitude economy [1] Group 2 - SPDB Shanghai Branch has built a "tropical rainforest" service system, integrating various resources to promote a comprehensive service transformation [2] - The bank's technology loan balance exceeds 1.4 trillion yuan, serving over 13,000 enterprises [2] Group 3 - A leading enterprise in the fiber optic gyro field is receiving financial support from SPDB through a tailored credit loan product, which helps meet its funding needs for capacity expansion [3] - The collaboration allows the enterprise to allocate more resources to technology research and development by reducing financing costs [3] Group 4 - A new materials technology company is utilizing intellectual property pledge financing to secure 5 million yuan in loans, addressing its funding needs for high R&D investments [4] - The timely funding supports the company's continuous innovation efforts in developing key materials for the aerospace sector [4] - SPDB aims to continue enhancing its financial services for the low-altitude economy, contributing to high-quality development in this emerging sector [4]