本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以公司2025年 年度报告中披露的数据为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币元 ■ 注：1、本报告期初数同法定披露的上年年末数。 证券代码：688311 证券简称：盟升电子 公告编号：2026-007 转债代码：118045 转债简称：盟升转债 成都盟升电子技术股份有限公司2025年年度业绩快报公告 2、影响经营业绩的主要因素 公司产品主要包括卫星导航、数据链、电子对抗、卫星通信等，广泛应用于国内特种行业和民用领域。 报告期内，受国内特种行业影响，公司原暂停、暂缓项目订单逐渐恢复执行，下游客户需求增加，公司 订单增加，2025年度公司实现营业收入同比增加，净利润同比亏损金额大幅度减少。 （二）上表中有关项目增减变动幅度达30%以上的主要原因 1、报告期内，公司营业总收入同比增加276.78%，主要原因系：公司产品主要包括卫星导航、数据 ...

公司产品主要包括卫星导航、数据链、电子对抗、卫星通信等，广泛应用于国内特种行业和民用领域。 报告期内，受国内特种行业影响，公司原暂停、暂缓项目订单逐渐恢复执行，下游客户需求增加，公司 订单增加，2025年度公司实现营业收入同比增加，净利润同比亏损金额大幅度减少。 格隆汇2月27日丨盟升电子(688311.SH)公布2025年年度业绩快报，2025年度，公司实现营业总收入 52,509.70万元，较上年同期增加276.78%；营业利润-3,456.81万元，较上年同期亏损金额减少89.40%； 归属于上市公司股东的净利润-1,616.83万元，较上年同期亏损金额减少94.05%；归属于上市公司股东的 扣除非经常性损益的净利润-4,063.32万元，较上年同期亏损金额减少84.91%。 ...

Group 1 - The article outlines seven major events expected to occur by 2026, including significant interest rate cuts in the US and China, the explosive growth of AI applications, and increased geopolitical tensions [2][3] - The AI revolution is in its early stages, with large-scale deployment of GPUs and computing centers leading to a significant drop in costs, resulting in the commercialization of super applications by 2026 [3][5] - The article emphasizes that AI is not just a trend but a transformative force, likening its impact to a tsunami rather than a mere windfall, marking the beginning of a fourth technological revolution [3][5] Group 2 - The upcoming bull market is driven by three strong forces: continuous monetary easing, a new wave of technological revolution, and ample liquidity, characterized as a confidence bull market [5][6] - The capital market is tasked with three historical missions: developing new productive forces, aiding in major power technological competition, and repairing household balance sheets [5] - The article encourages a long-term perspective, focusing on essential trends and making decisive actions rather than relying solely on hard work [7]

本次意见稿中重点任务涵盖按需推进低空场景通信网络覆盖。面向300米（G类、W类空域）以下低空 航路沿线、低空应用热点区域，充分利用现有5G等移动通信网络基础设施，在满足国家无线电管理相 关规定基础上，综合采用波束优化、天线调整、新建基站等方式，按需推动低空移动通信网络覆盖，鼓 励基础电信企业与国家有关部门加强需求对接，结合低空应用发展规模和场景需求，探索通感低空专用 网络等进一步提升网络覆盖水平和业务保障能力，加强与地面网络互联互通。综合应用卫星通信、地面 移动通信等方式，为300米以上低空空域及偏远地区等提供网络覆盖。根据意见稿中的要求，该行认为 对小基站、微站及5G-A通感一体基站等的需求将会持续走高。 5G-A同感一体+卫星通信方案并进，提升低空域导航及定位准确性 智通财经APP获悉，中国银河证券发布研报称，2026年2月10日，工信部等五部门办公厅发布关于加强 信息通信业能力建设支撑低空基础设施发展的实施意见。意见明确到2027年全国低空航路地面移动通信 覆盖率不低于90%，并部署按需推进5G-A通感一体基站、卫星通信等多元技术融合。重点强化300米以 下低空网络覆盖与导航定位精度，旨在形成城市治理、 ...

2月10日，工业和信息化部等五部门办公厅发布关于加强信息通信业能力建设、支撑低空基础设施发展 的实施意见。其中提到，按需推进低空场景通信网络覆盖。面向300米（G类、W类空域）以下低空航 路沿线、低空应用热点区域，充分利用现有5G等移动通信网络基础设施，在满足国家无线电管理相关 规定基础上，综合采用波束优化、天线调整、新建基站等方式，按需推动低空移动通信网络覆盖。鼓励 基础电信企业与国家有关部门加强需求对接，结合低空应用发展规模和场景需求，探索通过低空专用网 络等进一步提升网络覆盖水平和业务保障能力，加强与地面网络互联互通。综合应用卫星通信、地面移 动通信等方式，为300米以上低空空域及偏远地区等提供网络覆盖。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 ...

Group 1 - Ren Zeping predicts seven major events will occur in 2026: significant interest rate cuts in China and the US, explosive growth of AI super applications, the rise of China's AI capabilities, increased geopolitical tensions, a year of commodity boom, a confidence-driven bull market, and a bifurcation in the real estate market [3] - The AI revolution is in its early stages, with large-scale deployment of GPUs and computing centers leading to a significant drop in costs, resulting in the commercialization of super applications by 2026, including large models, AI agents, autonomous driving, AI healthcare, humanoid robots, brain-computer interfaces, commercial space travel, and satellite communication [4] - Countries are engaged in an AI race, initiating large-scale infrastructure capital expenditures that are driving up commodity prices, with silver, non-ferrous metals, energy, photovoltaics, and chemicals becoming increasingly important [5] Group 2 - The rapid development of AI is heavily reliant on computing power, which in turn depends on electricity; the pace of AI advancement is so fast that a month without updates can make one feel outdated, indicating a historical opportunity presented by the fourth technological revolution in the Kondratiev wave, occurring once every 60 years [6] - An AI bubble may temporarily arise but will ultimately be supported by future commercialization; opportunities typically go through four phases: invisible, undervalued, misunderstood, and too late [7] - The current capital market is tasked with three historical missions: developing new productive forces, aiding major power technological competition, and repairing household balance sheets [8]

Core Insights - The third Xiong'an Future City Scene Fair has officially released its first batch of scene demands, comprising 564 items across nine cutting-edge areas, with a total investment of 9.29 billion yuan [1][6] Group 1: Scene Demands Overview - The scene demands cover nine key areas: aerospace information, low-altitude transportation, robotics, healthcare, smart agriculture, safety and emergency, green energy, smart cities, and artificial intelligence [1][6] - A total of over 1,700 scene demands were collected within two months, with 564 selected after thorough communication and careful screening [1][6] Group 2: Investment Breakdown - Aerospace information has 41 demands with an investment of 1.06 billion yuan, including satellite communication and navigation services [1][6] - Low-altitude transportation has 55 demands with an investment of 750 million yuan, focusing on ecological monitoring and drone management [1][6] - Robotics includes 69 demands with an investment of 400 million yuan, covering industrial and service robots [2][7] - Healthcare has 37 demands with an investment of 220 million yuan, focusing on health data applications and smart hospitals [3][8] - Smart agriculture has 61 demands with an investment of 870 million yuan, including intelligent harvesting and agricultural management systems [3][8] - Safety and emergency has 62 demands with an investment of 390 million yuan, addressing urban safety and disaster response [3][8] - Green energy has 59 demands with an investment of 2.52 billion yuan, focusing on smart operations and energy efficiency [3][8] - Smart cities have 68 demands with an investment of 960 million yuan, covering urban management and logistics [3][8] - Artificial intelligence has 112 demands with an investment of 2.12 billion yuan, focusing on various applications in industry and public services [3][8] Group 3: Future Events and Initiatives - The third Scene Fair will host 12 preliminary competitions from April to June, aiming to attract advanced enterprises and innovative teams [4][9] - The organizing committee will facilitate supply-demand matching and enhance the experience center for better showcasing and trading [4][9] - A multi-channel financing mechanism will be explored to support scene innovation, along with the development of standards and typical cases for broader replication [4][9]

Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. (referred to as "Mingsheng Electronics") expects a significant reduction in net profit loss for the year 2025, projecting a loss of between 12 million to 18 million yuan, with a non-recurring net profit loss estimated between 45 million to 37 million yuan, compared to the previous year [1] Group 1: Financial Performance - For 2025, Mingsheng Electronics anticipates a revenue of 526 million yuan, representing a year-on-year growth of approximately 277% [1] - The expected reduction in net profit loss is attributed to the recovery of project orders that were previously suspended, driven by increased demand from downstream customers in the domestic special industry [1] Group 2: Product and Market Application - Mingsheng Electronics' products include satellite navigation, data links, electronic countermeasures, and satellite communications, which are widely used in domestic special industries and civilian sectors [1]

Core Viewpoint - The company, Alliance Electronics (688311.SH), anticipates a significant reduction in net losses for the fiscal year 2025, with projected losses narrowing compared to the previous year [1] Financial Performance - The company expects to achieve a net profit attributable to shareholders of the parent company ranging from -18 million to -12 million yuan for the year 2025, representing a decrease in losses by approximately 253.65 million to 259.65 million yuan compared to the previous year [1] - The projected net profit, excluding non-recurring gains and losses, is expected to be between -45 million and -37 million yuan, with a reduction in losses of about 224.19 million to 232.19 million yuan year-on-year [1] Revenue Growth - The company forecasts an operating revenue of approximately 526 million yuan for the fiscal year 2025, which indicates a year-on-year growth of about 277% [1] - The increase in revenue is attributed to the recovery of previously suspended projects and a rise in demand from downstream customers in the domestic special industries [1] Product Offering - The company's product portfolio includes satellite navigation, data links, electronic countermeasures, and satellite communications, which are widely used in both domestic special industries and civilian sectors [1]

Core Viewpoint - The company, Alliance Electronics (688311.SH), anticipates a significant reduction in net losses for the fiscal year 2025, with projected losses narrowing compared to the previous year [1] Financial Performance - The company expects to achieve a net profit attributable to shareholders of the parent company ranging from -18 million to -12 million yuan for the year 2025, representing a decrease in losses by approximately 253.65 million to 259.65 million yuan compared to the previous year [1] - The projected net profit, excluding non-recurring gains and losses, is expected to be between -45 million and -37 million yuan, with a reduction in losses of about 224.19 million to 232.19 million yuan year-on-year [1] Revenue Growth - The company forecasts an operating revenue of approximately 526 million yuan for the fiscal year 2025, which indicates a year-on-year growth of about 277% [1] - The increase in revenue is attributed to the recovery of previously suspended projects and a rise in demand from downstream customers in the domestic special industries [1] Product Offering - The company's product portfolio includes satellite navigation, data links, electronic countermeasures, and satellite communications, which are widely used in both domestic special industries and civilian sectors [1]