卫星应用行业是一个高度科技化且极具战略意义的领域。它以人造卫星为核心，通过将卫星发射到太空轨 道，使其能够利用自身携带的设备和系统，为地球上的各种活动提供广泛的支持和服务。卫星应用涵盖了通 信、导航、遥感等多个重要方向。在通信方面，卫星能够实现全球范围内的语音、数据和视频传输，为偏远 地区、海上以及航空通信等提供可靠的解决方案;导航卫星则为交通运输、物流、军事等领域提供精准的位 置信息，保障了各类交通工具的安全高效运行;遥感卫星则可以对地球表面进行高分辨率的观测，用于气象 预报、资源勘探、环境监测、灾害预警等诸多领域。随着技术的不断进步，卫星应用行业还在不断拓展新的 应用场景，如太空探索、卫星互联网等，其市场规模持续扩大，对推动全球经济发展、科技进步以及提升国 家综合实力等方面发挥着不可替代的作用。 由于卫星应用涉及众多不同的领域，而各个领域在应用方面又有着较大的区别，如卫星通信、卫星导航等， 应用产业链相对较为复杂。因此，下图是简化的卫星应用产业链结构图，仅勾画出应用产业链的大致轮廓。 从下图可以看出，卫星应用产业上游主要涉及卫星的制造、卫星的发射、卫星地面设备的建设;中游的卫星 应用及运营涵盖面较广，按技 ...

中国东方红卫星股份有限公司2025 年第一季度报告 证券代码：600118 证券简称：中国卫星 中国东方红卫星股份有限公司 2025 年第一季度报告 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法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司董事长李大明先生、总裁朱楠先生、主管会计工作负责人于丽慧女士及会计机构负责人（会 计主管人员）刘冬梅女士保证季度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 (三)主要会计数据、财务指标发生变动的情况、原因 一、主要财务数据 (一)主要会计数据和财务指标 1 / 10 单位：元 币种：人民币 项目 本报告期 上年同期 本报告期比上 年同期增减变 动幅度(%) 营业收入 441,747,594.34 330,692,031.09 33.58 归属于上市公司股东的净利润 -24,109,516.43 -21,336,209.99 不适用 归属 ...

证券代码：600118 股票简称：中国卫星 编号：临 2025-011 中国东方红卫星股份有限公司 第九届董事会第二十八次会议决议公告 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法律责任。 一、董事会会议召开情况 中国东方红卫星股份有限公司（简称：中国卫星或公司）第九届董事会第二 十八次会议于 2025 年 4 月 28 日以通讯表决方式召开，公司于 4 月 17 日以通讯 方式发出了会议通知。本次会议应出席的董事十位，实际出席的董事十位。会议 的召开符合《公司法》等有关法律法规和《公司章程》的有关规定，所做决议合 法有效。 二、董事会会议审议情况 （一）中国卫星 2025 年第一季度报告 表决结果：10 票赞成、0 票弃权、0 票反对，议案获得通过。 议案已经公司第九届董事会第二十八次会议审计委员会会议、独立董事 2025 年第二次专门会议审议通过，董事会审计委员会、独立董事对该议案发表 了同意意见。 董 事 会 2025 年 4 月 30 日 1 2025 年第一季度报告全文详见 2025 年 4 月 30 日的《上海证券报》及 ...

今天分享的是：赛迪顾问："新基建"之中国卫星互联网产业发展研究白皮书 报告共计：21页 《中国卫星互联网产业发展研究白皮书》对卫星互联网产业进行了全面剖析，涵盖概念、现状、产业链、战略意义、应用前 景、发展趋势等多方面内容。 以下为报告节选内容 ** "新基建" 之 中国卫星互联网 产业发展研究 白皮书 联合发布 赛 迪顾问物 联网 产 业 研 究 中 心 新浪 5 G 赛迪顾问 s品a新浪5G | 中国卫星互联网产业发展研究白皮书 主要发现 1. 卫星互联网的概念与特点：卫星互联网是基于卫星通信的互联网，通过发射一定数量卫星组网，为地面和空中终端提供宽带 互联网接入等通信服务。它具有广覆盖、低延时、宽带化、低成本的特点，能实现全球宽带无缝通信，是地面网络的重要补 充。 2. 产业发展现状：全球范围内，多家国外企业如OneWeb、SpaceX等提出卫星互联网计划，SpaceX的Starlink星座已发射近360颗 卫星。我国在政策鼓励下，鸿雁星座、行云工程等多个近地轨道卫星星座计划相继启动。2019年全球卫星产业总收入为2860亿 美元，卫星服务业和地面设备制造业是主要收入来源，占比达90.70%。 3. 产 ...

Summary of Key Points Core Viewpoint - The satellite application industry in China is characterized by a diverse and specialized development trend, with significant growth potential across various sectors including navigation, remote sensing, and communication [1][2]. Group 1: Overview of Listed Companies - China's satellite application listed companies cover a wide range of sectors, including navigation & positioning, remote sensing & surveying, and communication & information transmission [1]. - The industry features a strong presence of upstream equipment manufacturers and system integrators, while downstream applications are rich and varied, involving sectors like transportation, logistics, and communication [1][2]. - The navigation & positioning sector has the highest number of companies, indicating intense competition, while the remote sensing & surveying sector has fewer players but higher technical barriers [1][2]. Group 2: Company Performance Comparison - In the first half of 2024, notable performance differences were observed among listed companies in the satellite application navigation sector, with 华力创通 showing a revenue increase of 172.78% year-on-year, while 北斗星通 experienced a revenue decline of 66.42% [9][10]. - The overall performance of upstream companies was more volatile compared to downstream companies, which showed relatively stable performance [9][10]. Group 3: Business Planning and Development - Companies are actively expanding their business and innovating technologies, with 北斗星通 focusing on high-precision positioning services and 合众思壮 pursuing a global strategy [14]. - 中国卫通 is transitioning towards integrated information services, while 中海达 is enhancing its focus on high-precision applications of the BeiDou system [14]. - The diverse business strategies and planning of these companies are driving the continuous development of the satellite application industry in China [14].

中国东方红卫星股份有限公司 2024 年年度股东大会资料 二○二五年五月 0 目 录 | 中国东方红卫星股份有限公司 | 2024 | 年年度股东大会议程 | | 2 | | | | --- | --- | --- | --- | --- | --- | --- | | 中国东方红卫星股份有限公司 | 2024 年年度股东大会表决规则 | | | 4 | | | | 议案 | 1：中国东方红卫星股份有限公司 | 2024 | 年年度报告 | | | 5 | | 议案 | 2：中国东方红卫星股份有限公司 | 2024 | 年度董事会工作报告 | | | 6 | | 议案 | 3：中国东方红卫星股份有限公司 | 2024 | 年度监事会工作报告 | | | 26 | | 议案 | 4：中国东方红卫星股份有限公司 | 2024 | 年度财务决算报告 | | | 29 | | 议案 | 5：中国东方红卫星股份有限公司 | 2024 | 年度利润分配方案 | | | 34 | | 议案 | 6.01：中国东方红卫星股份有限公司独立董事穆月英 | | 2024 | 年度述职报告 | | 35 | | 议案 | 6.02： ...

Group 1 - The U.S. State Department is urging allies not to use Chinese satellite services, claiming these services may assist the Chinese government in obtaining military information and sensitive intelligence [1][2] - The internal memo emphasizes the need to exclude untrusted satellite suppliers like China to protect national security and user privacy [1][4] - The memo warns that collaboration with Chinese companies operating low Earth orbit (LEO) satellites could help advance China's diplomatic goals and potentially lead to sensitive information being handed over to the Chinese government [1][4] Group 2 - The memo highlights concerns regarding the reliability of U.S. suppliers, acknowledging that companies like SpaceX have the authority to limit or cut off their satellite services at will [2][5] - There are worries among U.S. military officials about the inability to compel SpaceX to continue providing services to allies, as demonstrated by Elon Musk's refusal to extend Starlink services to Ukraine in areas controlled by Russia [2][5] - The document reflects the escalating tensions between the U.S. and China, extending into the space economy, which is projected to generate hundreds of billions in growth and become a new battleground for cybersecurity and military confrontation [4][5]

Core Viewpoint - China Satellite is facing significant financial challenges, with a revenue decline of 25.06% and a net profit drop of 82.28% in 2024, attributed to reduced new orders and increased competition in the aerospace market [2][3]. Financial Performance - In 2024, China Satellite reported revenue of 5.156 billion yuan, down from the previous year, and a net profit of 27.91 million yuan, reflecting an 82.28% decrease [2]. - The net profit after excluding non-recurring gains fell dramatically by 96.67% to 4.78 million yuan [2]. Market Dynamics - The aerospace market is becoming increasingly competitive, with more companies entering the satellite manufacturing and application sectors, leading to a more diversified market landscape [3]. - The rise of private enterprises has intensified competition, particularly in cost and delivery timelines [3][7]. Business Operations - China Satellite's main business includes aerospace manufacturing and satellite applications, with successful launches of 24 small/micro satellites in 2024 [4]. - The company has made strides in satellite internet constellation products and low-altitude logistics applications, positioning itself for future growth in these areas [5]. Technological Capabilities - As a state-owned enterprise, China Satellite possesses strong technological foundations, with a significant portion of its workforce (80.69%) engaged in R&D [6]. - The company has established multiple national and provincial-level innovation platforms to enhance its technological capabilities [6]. Strategic Direction - To adapt to rapid market changes, China Satellite is focusing on digital transformation and product design upgrades to enhance its competitiveness [7]. - The company aims to increase production efficiency and shift towards service-oriented satellite manufacturing to meet diverse market demands [7][8].

Group 1 - China Satellite (600118.SH) released its 2024 annual report on April 12, 2025, with 195 institutional investors disclosing holdings of 681 million shares, accounting for 57.57% of the total share capital [1] - The top ten institutional investors include notable entities such as China Academy of Space Technology and various funds from China Bank and Agricultural Bank, collectively holding 55.52% of shares, which is a decrease of 0.36 percentage points from the previous quarter [1] Group 2 - In the public fund sector, three funds increased their holdings compared to the previous period, with an increase rate of 0.10% [2] - Four public funds reported a decrease in holdings, with a reduction rate of 0.23% [2] - A total of 186 new public funds were disclosed this period, including several notable funds such as China Merchants Advantage Enterprise Mixed A and Huaan SSE 180 ETF [2]

中国东方红卫星股份有限公司 审计报告及财务报表 二〇二四年度 信会师报字[2025]第 ZG10933 号 中国东方红卫星股份有限公司全体股东 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-105 | 审计报告 信会师报字[2025]第 ZG10933 号 中国东方红卫星股份有限公司全体股东： 一、 审计意见 我们审计了中国东方红卫星股份有限公司（以下简称中国卫星） 财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公 司所有者权益变动表以及相关财务报表附注。 我们认为 ...