Core Viewpoint - Northern Navigation has experienced a decline in stock price, dropping 2.67% to 14.24 CNY per share, with a total market capitalization of 21.52 billion CNY, and a cumulative drop of 7.41% over the last four days [1] Company Overview - Northern Navigation Control Technology Co., Ltd. was established on September 11, 2000, and listed on July 4, 2003. The company is located in Beijing Economic and Technological Development Zone and specializes in guidance control, navigation control, detection control, environmental control, stability control, radio and satellite communication, and electrical connectors [1] - The company's revenue composition is heavily weighted towards military products, accounting for 99.43%, while civilian products contribute only 0.57% [1] Shareholder Information - Among the top ten circulating shareholders of Northern Navigation, Guotai Fund's Guotai Zhongzheng Military Industry ETF (512660) increased its holdings by 4.44 million shares in the second quarter, totaling 12.25 million shares, which represents 0.81% of the circulating shares [2] - The estimated floating loss for Guotai Zhongzheng Military Industry ETF today is approximately 4.78 million CNY, with a cumulative floating loss of 13.97 million CNY during the four-day decline [2] Fund Performance - Guotai Zhongzheng Military Industry ETF (512660) was established on July 26, 2016, with a current scale of 15.60 billion CNY. Year-to-date returns are 16.78%, ranking 3121 out of 4218 in its category, while the one-year return is 23.28%, ranking 2440 out of 3865 [2] - Since its inception, the fund has achieved a return of 21.65% [2] Fund Management - The fund manager of Guotai Zhongzheng Military Industry ETF is Ai Xiaojun, who has been in the position for 11 years and 281 days. The total asset scale under management is 124.65 billion CNY, with the best fund return during the tenure being 270.09% and the worst being -46.54% [3]

Core Viewpoint - Northern Navigation has shown significant stock performance with a year-to-date increase of 47.43% and a recent trading volume indicating active market interest [1][2]. Company Overview - Northern Navigation Technology Co., Ltd. was established on September 11, 2000, and listed on July 4, 2003. The company specializes in guidance control, navigation control, detection control, environmental control, stability control, radio and satellite communication, and electrical connectors [1]. - The company's revenue composition is primarily from dual-use military and civilian products, accounting for 97.89%, with other supplementary products making up 2.11% [1]. Financial Performance - For the first half of 2025, Northern Navigation reported a revenue of 1.703 billion yuan, representing a year-on-year growth of 481.19%. The net profit attributable to shareholders was 116 million yuan, reflecting a year-on-year increase of 256.59% [2]. - Cumulatively, the company has distributed 603 million yuan in dividends since its A-share listing, with 150 million yuan distributed over the past three years [3]. Shareholder Information - As of September 10, 2025, the number of shareholders for Northern Navigation is 157,100, a decrease of 8.87% from the previous period. The average number of tradable shares per shareholder has increased by 9.74% to 9,614 shares [2]. - The top ten circulating shareholders include several significant institutional investors, with notable increases in holdings for funds such as Guotai Asset and Southern Asset Management [3].