Core Viewpoint - The company has shown significant growth in its satellite business, driven by the development of the satellite communication industry and increasing demand for simulation and testing equipment [1][5]. Company Performance - In the first half of 2025, the company achieved operating revenue of 102.36 million yuan, a year-on-year increase of 26.69%, while net profit attributable to shareholders was 12.81 million yuan, a year-on-year decrease of 8.49% [2][5]. - The decline in profit is primarily due to increased sales and marketing expenses, higher credit impairment losses, and reduced interest income [2][5]. - Cash received from sales and services increased by 15.84% year-on-year, but net cash flow from operating activities decreased due to higher procurement payments and reduced government subsidy receipts [2]. Government Support - The company received government subsidies totaling 24 million yuan, with an actual amount of 15.88 million yuan after allocations to other research units [4][5]. Industry Trends - The demand for testing and simulation in the downstream sector is structurally improving, driven by the release of self-controlled demands, accelerated upgrades of research equipment, and investments in emerging industries [3]. Product Applications - The company's comprehensive testing instruments are applicable in various fields, including 5G communication, satellite communication, and specialized communication, catering to terminal development and testing needs [2][5].

普源精电科技股份有限公司 章程 （草案） -3- 普源精电科技股份有限公司 《公司法》"）、 《中华人民共和国证券 法》（以下简称"《证券法》"）、《上市公司章程指引》《上海证券交易所科创板股 票上市规则》（以下简称"《上市规则》"）、《境内企业境外发行证券和上市管理 试行办法》《香港联合交易所有限公司证券上市规则》（以下简称"《香港上市规 则》"）等相关法律、行政法规、部门规章、规范性文件的有关规定，制订本章 程。 第二条 普源精电科技股份有限公司（以下简称"公司"）系依照《公司法》 和其他有关规定成立的股份有限公司。 公司是由普源精电科技有限公司整体变更成立的股份有限公司，以发起方式 设立；在苏州市行政审批局注册登记，取得营业执照，统一社会信用代码为 第三条 公司于 2022 年 3 月 1 日经上海证券交易所审核并经中国证券监督 管理委员会（以下简称"中国证监会"） 注册，首次向社会公众发行人民币普通 股（以下简称"A 股"）3,032.7389 万股，于 2022 年 4 月 8 日在上海证券交易所 科创板上市。 公司于【】年【】月【】日经中国证监会备案并于【】年【】月【】日经香 港联合交易所有限公司 ...