Core Viewpoint - Shunhao Co., Ltd. has invested 110 million yuan in the latest financing round of Tsinghua Tongfang, indicating potential commercial value in its "Tianshu Tiansuan" business over the next five years [1] Company Summary - Shunhao Co., Ltd. holds a 19.30% stake in Tsinghua Tongfang after the recent investment [1] - The investment amount does not meet the disclosure standards set by relevant rules and internal company policies [1] - Currently, Shunhao Co., Ltd. does not participate in the daily operations of Tsinghua Tongfang, and there is no synergy between its existing business and that of Tsinghua Tongfang [1] Industry Summary - Tsinghua Tongfang's business scope includes satellite technology integration, satellite navigation services, and manufacturing and sales of satellite mobile communication terminals [1] - The "Tianshu Tiansuan" business is expected to have clear commercial value within the next five years [1] - The "Dishu Tiansuan" business from the space data center may gradually gain competitive advantages against ground data centers within the next 5-10 years [1]

Group 1 - The company, Shunhao Co., Ltd. (002565), experienced a significant stock price fluctuation, with a cumulative increase of over 20% in three consecutive trading days [1] - The company has signed an agreement with Tuidao Chengguang, investing 110 million RMB in their current financing round, acquiring a 19.30% stake [1] - The investment amount did not meet the review and disclosure standards required by relevant regulations and the company's internal policies [1] Group 2 - The existing business of the company does not have any synergistic effects with Tuidao Chengguang's operations [1] - Tuidao Chengguang's "Tianshutian Calculation" business is expected to have clear commercial value within the next five years [1] - The "Dishu Tian Calculation" business of the space data center may gradually gain competitive advantages against ground data centers within the next 5-10 years [1]