广东通宇通讯股份有限公司 投资者关系活动记录表 证券代码：002792 证券简称：通宇通讯 编号：2025-016 端在线率与采集成功率，告别人工补采的低效模式；②新能源场站 高效运维：为戈壁、沙漠等区域的光伏、风电场站提供稳定通信链 路，有效缩短测试周期，减少弃风弃光损失；③输电线路智能巡检： 支持巡检相关数据实时上传，搭配定位功能，显著提升巡检效率， 降低人工巡查风险；④设备状态远程监控：实现电力基站、输电杆 塔等无人值守设备的 24 小时状态监测，支持远程指令下达，减少 现场维护频次，降低运维成本。 4、问：公司自 2024 年底以来围绕卫星通信领域进行了一系列 战略投资，其背后的主要战略考量？ 答：公司在卫星通信领域的投资，是一次围绕产业链关键环节 进行的系统性、前瞻性的战略部署。其核心战略考量如下：通过出 资参股鸿擎科技、专项基金投资上海京济通信，旨在锁定并强化在 卫星核心零部件与通信载荷等上游关键环节的布局，夯实整个产业 链的技术与供应基础。联合武汉洪山国资成立合资公司，是为了深 化政企合作，融入区域产业生态。通过合作设立"常州市通宇致垣 创业投资基金合伙企业（有限合伙）"，并计划投资某低轨卫星互 ...

Group 1: Economic Indicators - In November, the Manufacturing Purchasing Managers' Index (PMI) rose to 49.2%, an increase of 0.2 percentage points from the previous month [1] - The Non-Manufacturing Business Activity Index decreased to 49.5%, down by 0.6 percentage points from the previous month [1] - The Composite PMI Output Index fell to 49.7%, a decrease of 0.3 percentage points compared to the previous month, indicating overall economic stability [1] Group 2: Company News - Tongyu Communication announced that its stock price had abnormal fluctuations, with a cumulative increase of over 20% in two consecutive trading days, but confirmed that there were no undisclosed significant matters [7] - Xiaomi Auto reported the opening of 17 new stores in November, bringing the total to 441 stores across 131 cities, with plans for 36 more stores in December [8] - Aorede plans to sign a comprehensive technical service agreement worth approximately 635 million yuan, aimed at enhancing its capabilities in providing computing power services [8] - ST Tianrui announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock trading [8] - China Shenhua's subsidiary successfully completed a 168-hour trial run of its power generation unit, with further expansions planned to enhance regional power supply [9] - Daqian Ecology's chairman resigned for personal reasons, with no impact on the board's operation or company management [9] Group 3: Market Trends - According to a report by Galaxy Securities, funds are shifting from high-valuation growth stocks to undervalued cyclical stocks and dividend assets, indicating a rising appeal for defensive sectors [10] - CITIC Construction Investment anticipates an early spring market rally, recommending investments in technology growth and resource sectors, with a focus on non-ferrous metals, AI, new energy, and innovative pharmaceuticals [11]

Core Viewpoint - The article discusses the evolution of technology from being exclusive to the elite to becoming accessible to the general public, highlighting the successful deployment of the "Geely Constellation" satellite network by the commercial space company, Time Space Dao Yu, which signifies a shift in satellite technology from a national asset to a common utility for everyday people [5][6][8]. Group 1: Historical Context of Technology - The invention of the automobile by Karl Benz in 1886 was initially a luxury item, but Henry Ford's mass production techniques made it affordable for the average American family [3]. - Similarly, the aviation industry transitioned from being an elite activity to a mass-market service with the introduction of the Boeing 707 in 1958, which democratized air travel [4]. - The internet also followed this trajectory, evolving from a niche academic tool to a household necessity through the efforts of companies like AOL in the late 1990s [5]. Group 2: Time Space Dao Yu and Its Vision - Time Space Dao Yu, under the leadership of CEO Wang Yang, aims to make satellite technology accessible to the public, transforming it from a "national heavy weapon" to a "common tool" [6][8]. - Wang Yang's background includes significant experience in both Huawei and the Chinese Academy of Sciences, where he recognized the potential for satellite technology to serve a broader audience [9][10]. - The company has successfully completed multiple satellite launches, marking a significant milestone in China's commercial space industry [5][6]. Group 3: Team and Organizational Structure - Time Space Dao Yu's founding team consists of 18 members, predominantly engineers with an average of 15 years of experience in the aerospace sector, contributing to a robust foundation for the company [17][20]. - The company employs a dual-track system that combines rigorous aerospace engineering management with agile development practices from the tech industry, fostering innovation [18][21]. - The team has expanded to over 500 members, with a strong emphasis on research and development, making it one of the most competitive forces in China's commercial space sector [20]. Group 4: Innovations in Satellite Manufacturing - Time Space Dao Yu has established China's first satellite super factory, aiming for a production capacity of one satellite per day, significantly reducing manufacturing costs [23][25]. - The company has implemented standardization and automation in satellite production, allowing for the simultaneous production of various satellite models and reducing costs by 45% [25][26]. - Innovations in supply chain management have enabled the company to utilize automotive-grade components, making satellite production more cost-effective and reliable [26]. Group 5: Market Applications and Ecosystem - The company targets the automotive industry, which constitutes 10% of China's GDP, as a primary market for its satellite services, exemplified by the integration of satellite communication in vehicles [29][31]. - Time Space Dao Yu's satellite technology enhances vehicle navigation and communication, providing critical services for autonomous driving and other applications [31][32]. - The company is building a comprehensive ecosystem that includes ground control stations and global satellite networks, aiming for a sustainable business model that integrates satellite technology into everyday life [32][33]. Group 6: Future Outlook and Global Strategy - Time Space Dao Yu is positioning itself to compete globally in the commercial space sector, with plans to provide satellite services to various regions, including the Middle East and Southeast Asia [36][37]. - The company anticipates that by 2025, it will have 64 satellites in orbit, contributing to the development of a comprehensive communication network for the upcoming 6G era [38]. - Wang Yang envisions a future where satellite technology is as ubiquitous as 5G, fundamentally changing how people interact with technology and space [39][40].