证券日报网讯2月26日，中科海讯（300810）在互动平台回答投资者提问时表示，公司作为国内特种电 子信息领域重要民营高新技术企业，长期深耕相关产品的研发、生产与销售，在信号处理平台、声纳系 统、水声大数据、仿真训练系统、无人探测系统、数据计算中心等方向已形成核心技术积累与完整产品 体系。相关技术覆盖海洋工程、电子信息、计算机等多学科领域，具备显著的技术密集型特征，形成了 较强的技术壁垒和竞争优势。公司将紧密贴合行业发展趋势，持续聚焦智能化海洋信息装备、新型信号 处理设备、仿真训练系统、大数据系统等重点方向，加大研发投入与技术攻关，打造更契合市场需求、 更具核心竞争力的产品矩阵。公司主要产品广泛应用于水声目标探测与识别、水声通信与数据传输、水 声导航与测绘等场景，主要服务于国家特种部门。特种电子信息行业实行严格的准入许可管理，资质壁 垒较高。公司凭借深厚的行业经验、领先的技术水平与严谨可靠的质量管控体系，与核心客户建立了长 期稳定的合作关系。受益于声纳装备研发周期长、技术复杂度高等行业特点，公司具备先入优势，市场 地位稳固。 ...

Core Viewpoint - Zhongke Haixun reported a significant loss in the first half of 2025, with a net profit attributable to shareholders of -64.68 million yuan, indicating challenges in financial performance while focusing on specialized electronic information in sonar equipment [1][2] Group 1: Financial Performance - In the first half of 2025, Zhongke Haixun achieved operating revenue of 95.97 million yuan [1] - The net profit attributable to shareholders was -64.68 million yuan, and the net profit after deducting non-recurring gains and losses was -65.32 million yuan [1] Group 2: Industry Focus and Product Development - Zhongke Haixun specializes in the research, production, and sales of sonar equipment related to the national special electronic information industry [1] - The company provides various products including signal processing platforms, sonar systems, underwater big data, simulation training systems, unmanned detection systems, and data computing centers, primarily serving national special departments [1] - The demand for intelligent underwater equipment is increasing due to advancements in big data and artificial intelligence technologies [2] - The company is integrating traditional sonar technology with intelligent technology, developing high-performance computing platforms based on GPU chips and underwater big data collection, analysis, and processing equipment [2]

Group 1: Company Overview - The company focuses on the research, production, and sales of sonar equipment in the national special electronic information industry [2][3] - Key products include signal processing platforms, sonar systems, underwater big data, simulation training systems, unmanned detection systems, and data computing centers [3] Group 2: Signal Processing Platform - The signal processing platform is the main information processing unit for sonar equipment, enabling real-time digital signal processing, multi-channel signal acquisition, and data communication [4] - Main customers include national special departments and large state-owned enterprises, with a focus on supporting sales to research institutions [5] Group 3: Market Trends and Development - The company anticipates a new round of development opportunities due to increased national defense investment and the growing demand for domestic products [6] - The order volume for the third-generation domestic underwater signal processing platform is steadily increasing, with significant revenue growth expected in 2024 compared to the previous year [6][7] Group 4: Competitive Advantages - The company has established long-term stable relationships with quality customers and possesses comprehensive industry qualifications and technical expertise [8] - Strong engineering design capabilities and experience allow the company to meet high reliability and compatibility requirements in harsh environments [8] Group 5: Simulation Training Systems - The sonar simulation technology is used for real-time or non-real-time simulation of sonar systems and underwater applications, primarily for training, decision-making support, and scenario simulation [9] - The company has developed a series of simulation training products, including a simulation evaluation platform and a simulation deduction system, which have been delivered [10] Group 6: Future Planning - The company plans to leverage its leading advantages in sonar equipment to expand applications in the deep-sea technology sector, which has been identified as a strategic emerging industry [11] - Collaboration with large domestic groups in technology, research, and services is planned to promote mutual development in the sonar equipment field [11]

Group 1: Company Overview and Product Focus - The company specializes in sonar equipment for national special electronic information sectors, focusing on R&D, production, and sales of related products [2][3] - Key products include signal processing platforms, sonar systems, underwater big data, simulation training systems, unmanned detection systems, and data centers [10] Group 2: Financial Performance and Projections - In 2023, the company faced a net profit loss due to credit impairment losses and adjustments, with a significant adjustment amounting to -158.81 million [3] - For 2024, the company expects a substantial reduction in adjustment amounts and an increase in cash collection due to improved accounts receivable management, projecting a cash inflow of 344.51 million, a 91.88% increase from 179.54 million in the previous year [4] Group 3: Technological Integration and Innovation - The company is integrating traditional sonar technology with artificial intelligence and big data to enhance product capabilities [5] - The 2025 restricted stock incentive plan aims to attract and retain talent, fostering innovation and business growth [5] Group 4: Business Development and Market Expansion - The company has made progress in unmanned detection systems, with a batch delivery of a certain unmanned autonomous system and successful trials of a specific UUV [6][7] - The data computing center project is advancing, with phase one expected to be delivered in 2025 and ongoing market development for multi-level data computing centers [9] Group 5: Market Diversification - The company plans to expand its core sonar equipment technology into the civilian market, leveraging existing capabilities to develop civilian products [10]

Summary of Deep Sea Technology and Robotics Conference Call Industry Overview - The conference focuses on the **Deep Sea Technology** industry, which has been recognized as a national emerging industry in China's 2025 government work report, indicating increased governmental support and investment opportunities in this sector [2][3]. Key Points and Arguments - **Government Support**: The inclusion of deep sea technology in the national strategy reflects the government's commitment to the marine power strategy, leading to increased market attention and investment opportunities [2][3]. - **Significant Achievements**: China's deep submergence system has made notable progress with the "Jiaolong" and "Fendouzhe" achieving full coverage, and plans to build an ecological space station in the South China Sea, marking a new phase in deep sea technology [5][6]. - **Economic Growth Driver**: Deep sea technology is seen as a crucial driver for economic growth, facilitating industrial upgrades and innovations, particularly in oil and gas resource development and military capabilities [5][6]. - **Shipbuilding Industry Benefits**: The shipbuilding sector is expected to benefit from deep sea technology advancements, with standardized ship types potentially changing traditional valuation systems and increasing order volumes [13][15]. - **Global Leadership**: China holds a leading position in the global shipbuilding industry, with significant demand for deep sea engineering vessels in resource extraction and infrastructure projects [20][17]. - **Distinction from Low Altitude Economy**: Deep sea technology relies heavily on government investment and is primarily driven by state-owned enterprises, contrasting with the low altitude economy which is more market-oriented [21][22]. - **Rapid Industrialization**: The deep sea industry is expected to progress faster than the low altitude economy due to fewer regulatory hurdles and a more straightforward investment process [22]. Additional Important Insights - **Resource Exploration**: There is a significant potential for deep sea mineral resource exploration, with manganese nodules already showing economic viability [19][23]. - **Technological Advancements**: The development of AI and robotics is anticipated to enhance the efficiency of resource extraction in deep sea environments [19]. - **Investment Recommendations**: Key companies recommended for investment include: - **Changying Tong**: Specializes in underwater communication products, crucial for underwater infrastructure [9]. - **Zhongke Haixun**: Focuses on underwater acoustic equipment, playing a vital role in national defense [10]. - **China Marine Defense**: A state-owned enterprise with a dominant position in underwater equipment [11]. - **Zhongke Xingtou**: Engaged in digital earth research, contributing to marine monitoring [12]. Conclusion - The deep sea technology sector is poised for significant growth driven by government support, technological advancements, and increasing global demand for marine resources. The shipbuilding industry, in particular, stands to benefit from these developments, making it a key area for investment and strategic focus in the coming years.