星图测控股价创出历史新高，截至9:51，该股上涨9.81%，股价报101.99元，成交量351.37万股，成交金 额3.43亿元，换手率8.66%，该股最新A股总市值达162.95亿元，该股A股流通市值41.39亿元。 证券时报·数据宝统计显示，星图测控所属的计算机行业，目前整体涨幅为0.98%，行业内，目前股价上 涨的有272只，涨幅居前的有嘉和美康、卫宁健康、创业慧康等，涨幅分别为14.27%、13.16%、 10.98%。股价下跌的有86只，跌幅居前的有荣科科技、天润科技、盛邦安全等，跌幅分别为7.54%、 6.03%、4.70%。 两融数据显示，该股最新（1月8日）两融余额为1.24亿元，其中，融资余额为1.24亿元，近10日增加 1510.36万元，环比增长13.85%。 公司发布的三季报数据显示，前三季度公司共实现营业收入1.88亿元，同比增长15.57%，实现净利润 6289.98万元，同比增长25.28%，基本每股收益为0.4000元，加权平均净资产收益率11.91%。（数据 宝） （文章来源：证券时报网） ...

Core Viewpoint - The article highlights the significant performance of the stock market in 2025, with various indices and stocks experiencing substantial gains, indicating a bullish trend and potential investment opportunities in the coming years [3]. Group 1: Market Performance - In 2025, micro-cap stocks surged by 80%, the ChiNext Index rose by 50%, and the North Exchange 50, China Securities 2000, and Sci-Tech 50 indices all increased by over 35% [3]. - The Shanghai Composite Index gained nearly 20% throughout the year, leading to over 600 A-shares achieving a doubling in price, with four stocks increasing by more than ten times [3]. Group 2: Top Performing Stocks - The top-performing stock in 2025 was Aowei New Materials (688585.SH), which saw an 18-fold increase, driven by market interest following the acquisition by Zhiyuan Robotics [5]. - Tianpu Co., Ltd. (605255.SH) ranked second with a 16-fold increase, attributed to rumors of a partnership in artificial intelligence, although the company later clarified it had no such plans [5]. - Other notable stocks included Star Map Control (920116.BJ) and Haibo Technology (688411.SH), both of which also experienced significant price increases [7]. Group 3: Sector Trends - The second half of 2025 was characterized by a focus on technology, particularly in the hardware sector driven by the demand for computing power, with PCB-related stocks becoming particularly popular [8]. - Companies like Shenghong Technology and Dingtai High-Tech saw their stock prices increase by over 5.5 times, with Shenghong's market capitalization reaching 245.9 billion [8]. Group 4: Institutional Investment - In 2025, the total market turnover reached 41.98 trillion, a 64.1% increase from the previous year, indicating a recovery in market activity [9]. - Key players in the AI wave included companies like Zhongji Xuchuang and Xinyi Technology, which were among the top traded stocks, although their price increases varied significantly [9]. Group 5: Future Outlook - The focus for 2026 will be on deepening the exploration of industrial chains, particularly in the robotics sector, with companies like Sanhua Intelligent Control and Wolong Electric Drive favored by institutions [11][12]. - The securities sector is expected to see a valuation recovery in 2026, with significant interest in brokerage stocks, despite mixed performance in 2025 [13].

Core Insights - The aerospace digital simulation industry is essential for optimizing aerospace mission plans and has become a necessary choice for countries to gain a competitive edge in space strategy [1][11] - The market size of China's aerospace digital simulation industry is projected to reach 38.5 billion yuan in 2024, an 11% increase year-on-year, and further grow to 42.3 billion yuan in 2025 [1][11] Industry Overview - Aerospace digital simulation is a specialized field within the aerospace industry that combines digital simulation with aerospace engineering, providing a simulated environment for various stages of aerospace missions [4] - The industry can be categorized into different types based on the mission object, including rocket launch simulation, satellite orbit operation solutions, and aircraft flight simulation solutions [5] Industry Barriers - **Technical Barriers**: The industry involves complex technologies across multiple disciplines, requiring deep knowledge and understanding of aerospace dynamics, control, and various technical fields [5] - **Talent Barriers**: There is a limited supply of high-end talent with the necessary expertise and experience in aerospace engineering, making talent reserve a key indicator of a company's core competitiveness [6] - **Qualification Barriers**: Companies must obtain various qualifications to engage in complex aerospace tasks, which creates a high barrier to entry due to the stringent requirements [6] - **Financial Barriers**: The industry requires significant upfront investment and has long return cycles, creating financial barriers for new entrants lacking sufficient funding [7] Industry Chain - The aerospace digital simulation industry has a supply chain that includes hardware (high-performance servers, precision sensors) and software support (algorithm libraries, operating systems) [8] - The downstream demand covers special, civilian, and commercial aerospace sectors, with commercial aerospace being a major application area [8] Competitive Landscape - The industry is becoming increasingly competitive with numerous enterprises emerging across various segments, including major players like China Aerospace Science and Technology Corporation and Beijing Huaru Technology Co., Ltd. [11][12] Development Trends - **Technological Optimization**: Continuous improvement in simulation technology is necessary to handle the complexities of large-scale satellite constellations and their intercommunication [14] - **Increased Demand in Special Fields**: The demand for aerospace digital simulation in special fields is expected to rise due to increased military spending and the modernization of military equipment [15] - **Policy Support**: The Chinese government is expected to introduce policies to promote the development of the aerospace digital simulation industry, creating a favorable environment for growth [16]

Summary of Key Points Core Viewpoint - The trading volume and value of stocks on the Beijing Stock Exchange (BSE) showed a significant decrease, with a total trading volume of 763 million shares and a total trading value of 20.739 billion yuan, down by 2 billion yuan from the previous trading day. Despite this, 114 stocks closed higher, indicating some positive market activity [1]. Trading Performance - The total trading volume on December 31 was 763 million shares, with a trading value of 20.739 billion yuan, a decrease of 2 billion yuan from the previous day [1]. - Among the stocks traded, 114 stocks (39.72% of the total) closed higher, while 168 stocks closed lower [1]. - Notable gainers included 蘅东光, which surged by 878.16%, and other significant gainers were 立方控股 and 雷神科技, with increases of 24.94% and 10.23% respectively [2]. - Conversely, stocks like 广道退, 大鹏工业, and 丰光精密 saw declines of 21.82%, 12.57%, and 10.52% respectively [1][2]. Stock Activity - 蘅东光 had a trading volume of 364.75554 million yuan and a turnover rate of 53.79% [2]. - A total of 48 stocks had trading values exceeding 100 million yuan, with 蘅东光 leading at 3.648 billion yuan [2]. - The trading activity was characterized by high turnover rates, with 21 stocks having turnover rates exceeding 10%, and 7 stocks exceeding 20% [2]. Market Dynamics - The market experienced a mixed performance, with a notable number of stocks achieving significant price movements, both upward and downward [1][2]. - The overall market sentiment appears cautious, reflected in the reduced trading value compared to the previous day [1].

Core Insights - The A-share market concluded the last trading day of 2025 with a mixed performance, where the Shanghai Composite Index rose by 0.09% to 3968.84 points, while the Shenzhen Component Index fell by 0.58% to 13525.02 points, and the ChiNext Index decreased by 1.23% to 3203.17 points [1] - In 2025, the A-share market experienced a "slow bull" trend, with the total market capitalization surpassing 100 trillion yuan, and the Shanghai Composite Index returning to the 4000-point mark for the first time in a decade [1] - Notably, the Hong Kong stock market regained its position as the global leader in fundraising [1] Stock Performance - Top-performing stocks in 2025 included: - Shangwei New Materials (688585.SH) with an increase of over 18 times, earning the title of the best-performing stock of the year - Tianpu Co., Ltd. (605255.SH) and Xingtou Measurement Control (920116.BJ) both saw increases exceeding 1600% [1][2] - The worst-performing stocks included: - Guangdao Tui (920680.BJ) with a cumulative decline of 94.18%, followed by Dongtong Tui (300379.SZ) with a drop of 91.78% [2][3]

| | 工 | | | | | 备 | | --- | --- | --- | --- | --- | --- | --- | | 920002 | 万达轴 | 1.23 | 6151.25 | 307.53 | 1.81 | 机械设 | | | 承 | | | | | 备 | | 920121 | 江天科 | -7.96 | 949.35 | 306.83 | 1.67 | 轻工制 | | | 技 | | | | | 造 | | 920599 | 同力股 | -1.28 | 15469.42 | 294.75 | 2.13 | 机械设 | | | 份 | | | | | 备 | | 920245 | 威博液 | 1.77 | 1190.88 | 292.87 | 1.07 | 机械设 | | | 压 | | | | | 备 | | 920017 | 星昊医 | -0.81 | 4283.34 | 242.93 | 1.90 | 医药生 | | | 药 | | | | | 物 | | 920706 | 铁拓机 | -2.82 | 2563.65 | 227.79 | 2.34 | 机械设 | | | 械 | ...

证券代码：920116 证券简称：星图测控 公告编号：2025-123 中科星图测控技术股份有限公司 关于变更签字注册会计师以及质量控制复核人的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 中科星图测控技术股份有限公司（以下简称"公司"）于 2025 年 3 月 3 日召 开了第一届董事会第二十三次会议，于 2025 年 3 月 24 日召开了 2024 年年度股 东会，审议通过了《关于续聘会计师事务所的议案》，同意续聘立信会计师事务 所（特殊普通合伙）（以下简称"立信"）为公司 2025 年度的审计机构。具体内 容详见公司于同日在北京证券交易所信息披露平台（www.bse.cn）披露的《拟续 聘 2025 年度会计师事务所公告》（公告编号：2025-027）。 2025 年 12 月 23 日，公司收到立信出具的《关于变更中科星图测控技术股 份有限公司 2025 年度财务报表审计与内控审计签字注册会计师以及质量控制复 核人的函》，现将有关情况公告如下： 一、本次变更签字注册会计师以及质量控制复 ...

Core Viewpoint - The article highlights the advancements and strategic positioning of Xingtum Control Technology Co., Ltd. in the aerospace control sector, emphasizing its technological innovations and market strategies to address the growing demands of space traffic management and satellite monitoring [2][10]. Group 1: Technological Innovations - Xingtum Control has developed the "Insight" software system and ground control equipment, enabling precise command delivery to satellites hundreds of kilometers away, ensuring smooth operations and continuous data transmission [2]. - The company has achieved significant breakthroughs in aerospace control technology, supported by over 40 invention patents and more than 290 software copyrights [2]. - The "Insight" space information analysis system was launched in 2018, integrating hundreds of algorithms for orbital prediction and collision warning, which was a major challenge for the company [3][4]. Group 2: Market Strategy - The company focuses on establishing a strong foundation in specialized fields while expanding into commercial sectors, aiming to respond quickly to the explosive demand in commercial aerospace [6]. - From 2020 to 2024, Xingtum Control's revenue is expected to grow at a compound annual growth rate of over 80%, with a long-term gross margin exceeding 50% [6]. - The company has adapted its strategy to target the commercial space sector, recognizing the upcoming demand for low-orbit satellite constellations [6][7]. Group 3: Future Developments - Xingtum Control plans to launch the "Star Eye" space perception constellation, consisting of 156 satellites, to create a global monitoring network for near-Earth orbits [9]. - The "Star Eye" system aims to provide real-time tracking, orbit determination, and collision risk analysis, addressing the increasing congestion and debris risks in space [9]. - The company envisions a future where space services are data-driven, offering customized data services to governments and operators, thus opening broader market opportunities [10].

Core Insights - In the past month (from November 20 to December 19), 31 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Naconor being the most notable, attracting 91 participating institutions [1][2] Group 1: Institutional Research - A total of 31 BSE companies received institutional research, with 16 companies being investigated by funds, 14 by private equity, 5 by insurance, and 5 by overseas institutions [1] - Naconor led the research interest with 91 institutions participating, followed by Xingtum Control with 55, Rongyi Precision with 40, and Kait Technology with 37 [1] Group 2: Market Performance - Companies that received institutional research saw an average increase of 3.33% in stock prices over the past month, with 17 stocks rising, including Xincheng Technology (up 33.22%), Xingtum Control (up 27.42%), and Tietuo Machinery (up 26.15%) [2] - The average market capitalization of all BSE companies is 3.084 billion yuan, while the average market capitalization of the researched companies is 3.884 billion yuan, with Xingtum Control, Development Technology, and Naconor having the highest market caps among the researched companies [2] Group 3: Trading Activity - The average daily turnover rate for the researched BSE companies was 5.39%, with Tietuo Machinery, Xingtum Control, and Tianrun Technology leading in turnover rates at 16.31%, 16.03%, and 15.33% respectively [2]

Group 1 - In the past month (from November 17 to December 16), 31 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Naconor being the most notable, receiving attention from 91 institutions [1][2] - The types of institutions conducting the research included 31 brokerages, 17 funds, 12 private equity firms, 5 insurance companies, and 4 overseas institutions [1] - The companies that received the most institutional attention, following Naconor, were Xingtum Control, Rongyi Precision, and Kaiter Co., with 55, 40, and 37 institutions participating in their investigations, respectively [1] Group 2 - The most frequently investigated companies included Rongyi Precision, Xic Magnetic Technology, and Haosheng Electronics, each receiving two rounds of institutional research [2] - On average, the companies that were investigated saw a decline of 3.91% in their stock prices over the month, with eight companies experiencing price increases, notably Xingtum Control (up 23.55%), Tianrun Technology (up 20.19%), and Kolon New Materials (up 6.73%) [2] - The average market capitalization of all companies on the BSE was 3.071 billion yuan, while the average market capitalization of the companies that were investigated was 3.746 billion yuan, with Xingtum Control, Development Technology, and Naconor leading in market value [2] Group 3 - A detailed list of companies investigated includes Naconor (91 institutions, -11.53% price change), Xingtum Control (55 institutions, +23.55%), Rongyi Precision (40 institutions, -19.47%), and Kaiter Co. (37 institutions, -8.50%) [2][3] - Other notable companies include Tai Kai Ying (32 institutions, -2.70%), Zhu Lao Liu (18 institutions, +2.16%), and Kolon New Materials (15 institutions, +6.73%) [2][3] - The data indicates a diverse representation across 16 industries, with mechanical equipment, electric power equipment, and basic chemicals being the most represented sectors [1]