◎记者 王子霖 胡嘉树 蓝思科技凭借其在消费电子领域积累的技术，已深度参与北美大客户的商业航天业务。公司表示，已批 量出货卫星地面接收器外观件、结构件模组。同时，其自主研发的超薄光伏玻璃模组等产品，可满足太 空光伏技术的特殊需求，目前已与相关客户对接合作开发。 开年以来，商业航天的"星火"在A股市场加速燎原。从高精尖的卫星制造、火箭核心零部件，到构 建"天地一体"网络的地面通信系统，多家A股上市公司近期密集回应在商业航天领域的最新业务进展。 上海证券报记者关注到，一批公司已率先实现产品交付与盈利，更多企业正通过技术攻坚与战略合作积 极卡位。商业航天产业链的蓬勃生机与广阔前景正在加速展现。 订单交付稳步推进 随着商业航天迈入规模化与商业化发展的新阶段，产业链上游的订单落地与稳定交付成为行业景气度的 最直观信号。 "公司商业航天业务已于2025年实现产品的稳定小批量交付，并初步形成小幅盈利。展望未来2至3年， 随着主要客户火箭型号逐步完成技术定型，行业整体进入批量化阶段，市场需求有望显著提速。"超捷 股份1月6日在接受机构投资者调研时预计，公司2026年商业航天相关业务营收将实现较快增长。 火箭结构件制造是商业航 ...

北京商报讯（记者 陶凤 王天逸）12月30日，针对投资者关于SpaceX相关提问，蓝思科技在互动平台回 复称，公司与北美大客户已有10年深度合作，是其一级核心供应商。公司凭借全面的材料技术、完整的 技术路线及从模组到整机的ODM能力，深度参与大客户智能座舱、人形机器人、商业航天等多项核心 业务。在商业航天方面，公司已批量出货卫星地面接收器外观件、结构件模组。凭借全球领先的超薄玻 璃后道加工技术，已自主研发厚度小于1mm的超薄光伏玻璃模组、大尺寸UTG柔性玻璃等，配合超高 难度的多重镀膜工艺，可满足抗原子氧剥蚀、抗辐射和热控制等太空光伏技术需求，目前已与相关客户 对接合作开发中。 ...

证券日报网讯12月30日，蓝思科技（300433）在互动平台回答投资者提问时表示，公司与北美大客户已 有10年深度合作，是其一级核心供应商。公司凭借全面的材料技术、完整的技术路线及从模组到整机的 ODM能力，深度参与大客户智能座舱、人形机器人、商业航天等多项核心业务。在商业航天方面，公 司已批量出货卫星地面接收器外观件、结构件模组。凭借全球领先的超薄玻璃后道加工技术，已自主研 发厚度小于1mm的超薄光伏玻璃模组、大尺寸UTG柔性玻璃等，配合超高难度的多重镀膜工艺，可满 足抗原子氧剥蚀、抗辐射和热控制等太空光伏技术需求，目前已与相关客户对接合作开发中。 ...

南方财经12月30日电，蓝思科技在互动平台表示，公司与北美大客户已有10年深度合作，是其一级核心 供应商。公司凭借全面的材料技术、完整的技术路线及从模组到整机的ODM能力，深度参与大客户智 能座舱、人形机器人、商业航天等多项核心业务。在商业航天方面，公司已批量出货卫星地面接收器外 观件、结构件模组。凭借全球领先的超薄玻璃后道加工技术，已自主研发厚度小于1mm的超薄光伏玻 璃模组、大尺寸UTG柔性玻璃等，配合超高难度的多重镀膜工艺，可满足抗原子氧剥蚀、抗辐射和热 控制等太空光伏技术需求，目前已与相关客户对接合作开发中。 ...

Core Viewpoint - The company announced the acquisition of 100% equity in Foshan Zhiqiang Optoelectronics Co., Ltd., a supplier of PC display module structural components, to enhance its position in the AI smart terminal hardware module industry chain and expand its high-end brand customer base [1] Group 1: Investment Details - The company held its 12th meeting of the third board of directors on November 21, 2025, where it approved the proposal for external investment to purchase equity [1] - The acquisition will be funded using 66.497 million yuan of the company's own or raised funds through share transfer [1] - Following the completion of the transaction, the target company will become a wholly-owned subsidiary and will be included in the company's consolidated financial statements [1] Group 2: Strategic Considerations - The acquisition is part of the company's strategic plan to deepen its layout in the AI smart terminal hardware module industry, including structural modules and battery modules [1] - The company aims to complement its existing customer base, which includes major brands like Lenovo, HP, Dell, Xiaomi, and ASUS, by adding high-end brand customers [1]

Core Viewpoint - Yingli Co., Ltd. is a leading enterprise in the consumer electronics structural components sector, with strong R&D and manufacturing capabilities, and a rich customer base [1] Group 1: Business Performance - For Q3 2025, Yingli's revenue was 1.63 billion, ranking 39th among 88 companies in the industry, while the industry leader, Foxconn, reported revenue of 603.93 billion [2] - The main business revenue composition includes structural component modules at 861 million (82.02%), photovoltaic components and engineering at 124 million (11.79%), precision molds at 44.76 million (4.26%), and power station revenue at 12.39 million (1.18%) [2] - The net profit for the same period was 8.76 million, ranking 65th in the industry, with the industry leader's net profit at 22.52 billion [2] Group 2: Financial Ratios - As of Q3 2025, Yingli's debt-to-asset ratio was 59.49%, up from 50.76% year-on-year, exceeding the industry average of 44.84% [3] - The gross profit margin for Q3 2025 was 12.91%, slightly up from 12.43% year-on-year, but still below the industry average of 19.47% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.83% to 19,300, while the average number of circulating A-shares held per shareholder increased by 10.91% to 10,900 [5] - Among the top ten circulating shareholders, Dazheng Zhongzheng 360 Internet + Index A ranked eighth, holding 853,600 shares, a decrease of 82,700 shares from the previous period [5] Group 4: Executive Compensation - The chairman, Dai Ming, received a salary of 660,000 for 2024, unchanged from 2023, while the general manager, Dai Jun, received 720,000, also unchanged from the previous year [4]

Group 1 - The company plans to acquire 77.9385% of Youte Li through a combination of issuing shares and cash payments to 19 specific parties [1] - The total amount to be raised through the private placement of shares is capped at 196.405 million yuan, which is 100% of the total transaction amount for the asset purchase [1] - The transaction price, excluding the amount raised through the placement, is set at 467.631 million yuan [1] Group 2 - The target company primarily focuses on the research, production, and sales of consumer lithium-ion batteries, particularly for notebook computers, while also expanding into energy storage lithium-ion battery business [2] - This acquisition will help the company deepen its strategic goals in the notebook computer sector, as both the company's structural components and Youte Li's battery modules are complementary in product categories [2] - The transaction is expected to enhance the company's key technological capabilities in the energy storage field, thereby improving the competitiveness of related products [2]