Core Viewpoint - Haige Communication plans to raise up to 800 million RMB through public listing to introduce strategic investors into its wholly-owned subsidiary, Tian Teng Industry, which will still remain a controlled subsidiary of the company after the investment [1][4]. Group 1: Investment and Financial Details - The investment will not exceed 800 million RMB, and the new investors will hold no more than 43.44% of Tian Teng Industry's equity after the capital increase [1]. - Tian Teng Industry was established in February 2022 with a registered capital of 900 million RMB and is the main body for the construction of Haige Communication's Tian Teng Information Industry Base [4]. - As of early September this year, the Tian Teng Information Industry Base project is progressing smoothly, with the main structure of three zones completed and operational areas for unmanned vehicles and drones already in use [4]. Group 2: Business Operations and Strategic Importance - The Tian Teng Information Industry Base is the first domestic base integrating "R&D, intelligent manufacturing, testing, and simulation training" across multiple domains, including land, air, and water [4]. - The overall expected completion date for the Tian Teng Information Industry Base is by the end of 2026 [4]. - Haige Communication's business covers four main areas: wireless communication, Beidou navigation, aerospace, and digital ecology, with a focus on innovation and mixed-ownership reform [6]. Group 3: Market Position and Future Plans - The company aims to enhance its core competitiveness and accelerate the construction of the industry base to seize market opportunities in the unmanned and low-altitude economy sectors [7]. - The Guangzhou Digital Technology Group, the controlling shareholder of Haige Communication, is actively participating in the construction of low-altitude economic infrastructure in Guangzhou [7].

Core Viewpoint - The company, Haige Communication, is planning to raise up to 800 million RMB through a public offering to introduce strategic investors into its wholly-owned subsidiary, Tianteng Industry, which is expected to enhance its business development and competitiveness in the low-altitude economy sector [4][10]. Financial Summary - As of July 31, 2025, Tianteng Industry's total assets are projected to be 138.91 billion RMB, with total liabilities of 48.76 billion RMB, resulting in net assets of 90.15 billion RMB [5]. - For the first seven months of 2025, the net profit is estimated at 141.73 million RMB, while the revenue remains at 0.00 [5]. Project Overview - Tianteng Industry, established in February 2022 with a registered capital of 900 million RMB, serves as the construction entity for Haige Communication's Tianteng Information Industry Base, which spans 198,000 square meters and has a total planned construction area of 430,000 square meters [3][7]. - The Tianteng Information Industry Base is the first domestic project integrating research and development, manufacturing, testing, and simulation training across multiple domains, including land, air, and water [7]. Strategic Importance - The introduction of strategic investors is aimed at meeting the funding needs for Tianteng Industry's business development and accelerating the construction of the industry base, thereby enhancing the company's core competitiveness in the low-altitude economy [10]. - Haige Communication's business covers four main areas: wireless communication, Beidou navigation, aerospace, and digital ecology, with a focus on innovation and mixed-ownership reform [9].

Group 1 - The core viewpoint of the article highlights Haige Communication's innovative approach in the low-altitude business sector, focusing on the integration of manufacturing and service through a "R&D + manufacturing + service" model [1] - The company has developed the "Tian Teng" low-altitude flight management service platform, which combines generalization capabilities of large models with specialized techniques of small models to create a digital and intelligent low-altitude management and service system [1] - The "Tian Shu" drone intelligent operation platform integrates multi-model collaboration and full-process intelligent control capabilities, supporting various mainstream drone models and featuring AI task analysis and automatic report generation [1] Group 2 - The company aims to continuously innovate and promote the implementation of low-altitude economic application scenarios, as well as the construction of an integrated service guarantee system for air and ground [1] - The focus is on achieving "dense flying, flexible flying, safe flying, and open flying" in low-altitude operations [1] - The overall goal is to accelerate the generation of new productive forces through the integration of intelligent equipment, digital platforms, and scenario services [1]

Core Viewpoint - The company is leveraging its strong technical foundation in wireless communication, Beidou navigation, unmanned systems, and spectrum management to provide advanced low-altitude economic solutions, integrating AI technology into its platforms and services [1] Group 1: Technology and Solutions - The company offers a range of low-altitude economic technologies and solutions, including the "TianTeng" low-altitude flight management service platform and the "TianShu" drone intelligent operation platform [1] - The "TianTeng" platform integrates large model generalization capabilities with specialized small model technologies to create a digital and intelligent low-altitude management service system [1] - The "TianShu" platform features multi-drone collaboration and full-process intelligent control capabilities, incorporating AI task analysis and automatic report generation functions [1] Group 2: Innovation and Development - The company emphasizes continuous independent innovation to promote the implementation of low-altitude economic application scenarios and the construction of an integrated service guarantee system for air, space, and ground [1] - The integration of AI technology aims to facilitate a new production capacity generation, enhancing the efficiency and safety of low-altitude operations [1]