重要内容提示： ● 业绩预告的具体适用情形：净利润为负值。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603703 证券简称：盛洋科技 公告编号：2026-003 浙江盛洋科技股份有限公司 2025年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 ● 经浙江盛洋科技股份有限公司（以下简称"公司"）财务部门初步测算，公司预计2025年年度实现营业 收入90,800万元到100,000万元，与上年同期相比，同比增长约10.07%到21.22%。 ● 经公司财务部门初步测算，公司预计2025年年度实现归属于母公司所有者的净利润为-2,000万元 到-1,350万元。 ● 经公司财务部门初步测算，公司预计2025年年度实现归属于母公司所有者的扣除非经常性损益后的净 利润为-2,200万元到-1,500万元。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 经公司财务部门初步测算： 1.公司预计2025年年度实现营业收入90,800万元到1 ...

Core Viewpoint - Shengyang Technology (603703) is actively engaged in satellite communication-related businesses in China, focusing on terminal devices and supporting solutions for satellite applications, without involvement in satellite manufacturing or launching [1] Group 1: Company Overview - The company has established a presence in the domestic satellite communication sector [1] - Its product offerings include high-orbit high-throughput satellite communication terminals, Beidou vehicle-mounted terminals, 5G satellite television terminals, and low-orbit terminals [1] Group 2: Business Focus - The current focus is on the research and development of terminal devices and related solutions for satellite applications [1] - The company does not participate in the manufacturing or launching of satellites [1]

Core Viewpoint - Shengyang Technology (603703) is actively expanding its satellite internet terminal business through strategic partnerships and product development, indicating a strong commitment to meeting both domestic and international market demands [1] Group 1: Strategic Partnerships - The company’s subsidiary FTA has established a strategic cooperation with Eutelsat, a European satellite communications company, and is looking to expand collaborations with other international satellite operators [1] Group 2: Product Development - Three satellite internet terminal devices have been developed and are in the small batch trial production phase, tailored to meet the diverse needs of international users [1] - The domestic 5G satellite television terminal has completed the entire R&D process and has officially entered the mass production phase, with production schedules and delivery plans being arranged based on customer orders [1] Group 3: Product Categories - In the area of shipborne satellite communication terminals, relevant products have completed R&D and testing phases and are now in the trial production stage, with plans for rapid delivery based on market orders [1] - Low Earth orbit satellite communication terminals are currently in the R&D planning stage, with the company set to advance product design and performance testing in line with domestic low Earth orbit satellite network progress and market demand [1]

Core Viewpoint - The company is actively expanding its partnerships with international satellite operators following a strategic collaboration with Eutelsat in satellite internet terminals [1] Group 1: Satellite Internet Terminals - The subsidiary FTA has completed the research and trial production of three satellite internet terminal devices tailored to different international user needs, now entering small batch trial production [1] - The company plans to initiate mass production based on market orders and customer demands [1] Group 2: Domestic 5G Satellite TV Terminals - The domestic 5G satellite TV terminal has completed the entire R&D process and has officially entered mass production [1] - The company will coordinate production scheduling and delivery plans based on customer order requirements to ensure market supply [1] Group 3: Shipborne Satellite Communication Terminals - Relevant products for shipborne satellite communication have completed R&D and testing phases, now entering trial production [1] - After small batch production and certification, the company will respond quickly to market orders [1] Group 4: Low Earth Orbit Satellite Communication Terminals - The low Earth orbit satellite communication terminal is currently in the R&D planning stage [1] - The company will steadily advance product design and performance testing in line with domestic low Earth orbit satellite network progress and market demand [1]

Summary of Shengyang Technology Conference Call Company Overview - Shengyang Technology focuses on wired, wireless, and satellite communication, with a dual-driven strategy emphasizing smart vehicle high-speed cables, high-performance data cables, and satellite communication terminals. The satellite communication business is expected to experience explosive growth by 2026 [2][21][26]. Key Points and Arguments Strategic Developments - The company has established a partnership with the Ministry of Transport to introduce strategic shareholders for the development of Beidou vehicle terminals, targeting the market for trucks over 12 tons, with large-scale production expected in 2026 [2][11]. - Collaboration with European satellite communication company UTELSAT aims to launch an integrated solution combining internet and satellite TV functionalities, with a market share target of 50% by 2026 [2][12]. - The 5G satellite TV terminal has received broadcasting qualifications and is expected to begin large-scale production in 2026, targeting approximately 50 million users in areas without fiber broadband coverage [2][14]. Financial Projections - Revenue from the satellite communication business is projected to grow significantly, with expectations of a 100% to 120% increase in overall revenue by 2026 compared to 2025 [19][26]. - The company anticipates a substantial increase in profit margins due to the scale effect as revenue grows, with historical profit levels expected to be surpassed [20]. Market Position and Competition - Shengyang Technology's vehicle high-speed cable business is expected to grow by over 90% in 2024, with a domestic market penetration rate projected to reach 22% by 2026, competing primarily with German company Leoni [4][30]. - The company has a balanced revenue distribution of approximately 50% from domestic and international markets, reflecting a global development strategy [23]. Product Development and Innovation - The company is actively developing high-performance data cables for data centers and industrial automation, with expected revenue growth in these areas [8][29]. - Shengyang is also focusing on emerging applications such as robotic cables and high-end medical equipment, indicating a diversification of product offerings [8][28]. International Collaboration - Shengyang has established partnerships with various international entities, including Inmarsat and other satellite operators, to enhance its satellite communication capabilities [6][36]. - The company is exploring opportunities in low Earth orbit satellite communication, with plans to launch related equipment by 2027 [15]. Additional Important Insights - The company has implemented an employee stock ownership plan to incentivize staff and support rapid growth, with a target of achieving significant revenue growth despite challenges faced in previous years [7][18]. - Shengyang's robust growth segments include LED display screens and 5G base station construction, contributing stable annual revenues of approximately 350 million yuan and 50 million yuan, respectively [16][17]. Conclusion - Shengyang Technology is positioned for significant growth in the satellite communication sector, with strategic partnerships, innovative product development, and a strong market presence. The company's focus on both domestic and international markets, along with a commitment to employee engagement, suggests a promising outlook for investors [37].