证券代码：688080 证券简称：映翰通 公告编号：2026-001 北京映翰通网络技术股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确、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。 北京映翰通网络技术股份有限公司（以下简称"公司"）于 2025 年 11 月 4 日、2025 年 11 月 21 日分别召开第五届董事会第一次会议、2025 年第三次临时 股东会，审议通过了《关于变更公司注册资本并修订<公司章程>的议案》。具体 内容详见公司于 2025 年 11 月 5 日在上海证券交易所网站（www.sse.com.cn）披 露的《关于变更公司注册资本并修订<公司章程>的公告》（公告编号：2025-066）。 近日，公司已完成关于注册资本的工商变更登记及《公司章程》的备案手续， 并取得了由北京市朝阳区市场监督管理局换发的《营业执照》，变更后的工商登 记信息如下： 广告；商用密码产品的开发、生产及销售。(市场主体依法自主选择经营项目， 开展经营活动；依法须经批准的项目，经相关部门批准后依批准的内 ...

Investment Rating - The report maintains a "Recommended" rating for the industrial internet sector, indicating a positive outlook for the industry based on favorable fundamentals [4]. Core Insights - The industrial internet sector is experiencing a surge in policy support, which is expected to drive a comprehensive development framework and enhance quality and efficiency in the industry [1][7]. - Key policies include the "Artificial Intelligence + Manufacturing" initiative, which aims to establish 1,000 high-level industrial intelligent entities by 2027, and the "Action Plan for High-Quality Development of Industrial Internet Platforms (2026-2028)," targeting over 450 platforms and 1.2 billion connected industrial devices by 2028 [2][7]. - The report highlights that industrial communication companies are well-positioned to benefit from these policy incentives, leveraging differentiated technologies and scene advantages to support industrial upgrades [1][2]. Summary by Sections Policy Developments - Recent policies have established a framework for integrating AI with industrial internet platforms, focusing on enhancing the quality of industrial internet development and addressing existing challenges such as insufficient differentiation and application depth [7]. - The "Action Plan for AI and Industrial Internet Integration" emphasizes the need for network upgrades in at least 50,000 enterprises, promoting the commercialization of new industrial network technologies [2][7]. Company Highlights - Dongtu Technology is leading the development of international standards and has created a closed-loop ecosystem that aligns with policy directives for new industrial network upgrades, with its TSN and industrial 5G chips recognized in the new industrial network directory [2][8]. - Sanwang Communication focuses on industrial Ethernet and 5G hardware products, with its TSN switches also included in the directory, showcasing its competitive edge in the TSN and Ethernet-APL technology fields [2][8]. - Yinghantong provides cloud-based edge intelligence solutions that enable efficient local data processing and decision-making for industrial enterprises, supporting mainstream AI applications [3].

Core Viewpoint - The company, Yinghantong, anticipates that by the first half of 2025, overseas revenue will account for 51.80% of total revenue, with Europe being a key growth area [2] Group 1: Revenue and Market Expansion - The company is focusing on expanding its market presence in Europe, specifically in countries such as Germany, France, and the UK [2] - The product offerings include industrial IoT communication devices, vehicle gateways, and smart distribution network status monitoring systems [2] Group 2: Operational Strategy - A wholly-owned subsidiary in Germany is responsible for localized sales, technical support, and customer service within the EU region [2] - The company collaborates with third-party traders and agents to reach small and medium-sized clients and niche markets, ensuring diverse channel synergy for market coverage and response efficiency [2]

Core Viewpoint - The communication equipment sector experienced a mixed performance, with a slight overall increase of 0.88% on January 15, while the Shanghai Composite Index fell by 0.33% and the Shenzhen Component Index rose by 0.41% [1]. Group 1: Stock Performance - Shenyu Co., Ltd. led the gains in the communication equipment sector with a closing price of 42.62, reflecting a rise of 10.39% and a trading volume of 396,000 shares, amounting to a transaction value of 1.671 billion [1]. - Other notable performers included: - Sega Technology with a closing price of 39.50, up 10.00% [1]. - Shijia Photon with a closing price of 87.43, up 7.30% [1]. - Lian Te Technology with a closing price of 197.00, up 7.01% [1]. - Zhaolong Interconnect with a closing price of 57.55, up 6.67% [1]. Group 2: Declining Stocks - The sector also saw significant declines, with Guangha Communication dropping 17.15% to a closing price of 28.98 [2]. - Other stocks that faced losses included: - Fujida down 10.68% to 44.90 [2]. - Xinkemobile down 10.66% to 17.76 [2]. - Huanghuo Communication down 10.01% to 43.07 [2]. Group 3: Capital Flow - The communication equipment sector experienced a net outflow of 1.058 billion from institutional investors and 2.280 billion from retail investors, while retail investors saw a net inflow of 3.338 billion [2]. - The capital flow for specific stocks indicated: - Zhongji Xuchuang had a net inflow of 1.832 billion from institutional investors [3]. - Xinyi Sheng saw a net inflow of 1.208 billion [3]. - Shijia Photon had a net inflow of 516 million [3].

Core Viewpoint - On January 14, 2023, Yinghantong (688080) closed at 69.13 CNY, reaching the daily limit with a trading volume of 7.61 billion CNY and a turnover rate of 15.63% [1] Trading Activity - The stock was listed on the trading board due to a price increase of 15% at the close of the day [1] - The top five trading departments accounted for a total transaction of 167 million CNY, with a net buying amount of 20.85 million CNY [1] - The largest buying department was Goldman Sachs (China) Securities, with a purchase amount of 20.51 million CNY, followed closely by JPMorgan Securities (China) with 20.41 million CNY [1] - The leading selling department was also Goldman Sachs (China) Securities, with a selling amount of 17.71 million CNY [1] Fund Flow - The stock experienced a net inflow of 64.79 million CNY from major funds throughout the day [1]

Core Viewpoint - The article emphasizes that 2026 will be a pivotal year for China's commercial aerospace sector, transitioning from "quantitative change" to "qualitative change" due to policy support, technological breakthroughs, and capital market momentum [42][43]. Group 1: Market Performance and Trends - On the first trading day of 2026, A-shares experienced a strong opening, with the Shanghai Composite Index rising over 1% and the ChiNext Index increasing by more than 2% [2]. - The satellite industry ETF (159218) saw a significant increase of 3.78%, with a net inflow of 211 million shares, marking a new single-day high [5][18]. - The insurance sector also showed strong performance, with major companies reaching historical highs and total premium income in the insurance industry growing by 7.6% year-on-year [15][17]. Group 2: Commercial Aerospace Developments - The commercial aerospace sector is transitioning from "experimental exploration" to "industrial mass production," becoming a core engine for national competition and economic transformation [3][6]. - In 2025, the satellite internet sector entered a phase of accelerated networking and industrialization, with multiple commercial rocket launches planned [20][24]. - The number of satellite launches in 2026 is expected to increase significantly, with private commercial rocket companies playing a crucial role in meeting high-frequency launch demands [21][26]. Group 3: Investment Opportunities - The commercial aerospace sector is projected to have a compound annual growth rate of 17%, with the global brain-computer interface market expected to reach approximately $12.4 billion by 2034 [14]. - The article suggests that the satellite industry ETF (159218) is a stable and efficient investment tool, covering the entire satellite industry chain and focusing on companies with high revenue from satellite-related businesses [36][40]. - The anticipated breakthroughs in rocket manufacturing and the reduction of launch costs are expected to significantly boost downstream demand for commercial aerospace services [30][31]. Group 4: Challenges and Considerations - The commercial aerospace industry faces challenges such as high volatility and technical uncertainties, making direct investment in individual stocks risky for ordinary investors [34]. - The complexity of the industry supply chain, from materials to satellite applications, complicates the timing of investments [35].

Core Viewpoint - The company has launched an AI operations assistant on its Xiaoxingyun Cloud Management Platform, aimed at enhancing network operations through intelligent automation [1] Group 1: Product Features - The AI operations assistant is a vertical application designed for the network operations field [1] - It can understand user natural language commands and autonomously plan task steps such as network diagnostics and policy configurations [1] - The assistant utilizes platform tools to execute tasks automatically, providing an intelligent experience of "dialogue equals operations" [1]

Group 1 - The company announced that its core technical personnel, Mr. Han Chuanjun, has recently resigned from his position due to personal reasons and has completed the departure procedures [2] - Following his resignation, Mr. Han Chuanjun will no longer hold any position within the company [2]

证券代码：688080 证券简称：映翰通 公告编号：2025-071 北京映翰通网络技术股份有限公司 关于公司核心技术人员离职的公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： ●北京映翰通网络技术股份有限公司（以下简称"公司"）核心技术人员韩传 俊先生于近日因个人原因申请辞去所任职务并办理完成离职手续。离职后，韩传 俊先生不再担任公司任何职务。 ●韩传俊先生与公司签署了《竞业限制协议》《保密协议》，其工作期间参与 研发的知识产权均为职务成果，相关所有权均属于公司，不存在涉及职务发明专 利权属纠纷或潜在纠纷的情形，离任不影响公司专利权的完整性，不会对公司业 务发展和技术创新产生重大不利影响。 ●目前韩传俊先生未参加公司在研项目，其离职不会影响在研项目及核心技 术的推进和实施。公司其他关键核心技术人员未发生变化，整体研发实力不会因 韩传俊先生离职而产生重大不利影响，不存在对公司业务发展、技术研发、产品 创新等产生不利影响的情况。 韩传俊先生从事 M2M/物联网相关技术研究多年，曾作为负责人主导公司的 设备云 ...

Group 1 - The focus on the information technology self-controllable sector is highlighted by the active performance of the Xinchuang ETF fund (562030), which saw an intraday increase of 1.55% and is currently up 1.16%, marking a potential three-day winning streak [1] - Among the constituent stocks, Axin Security showed the strongest performance with a rise of 9.86%, followed by Jiangbolong and Geer Software with increases of 5.69% and 4.27% respectively [1] - Chengdu Huami experienced the largest decline at 1.63%, while Yonyou Network and Yuntian Lefeiy showed relatively weaker performances with drops of 0.38% and 0.21% respectively [1] Group 2 - The 8th GAIR Global Artificial Intelligence and Robotics Conference recently held in Shenzhen focused on the new decade of AI computing power development, emphasizing the critical role of heterogeneous computing software ecosystems in releasing computing power [3] - According to招商证券, the computer industry saw a performance turning point in Q3 2025, with a significant increase in per capita non-net profit, indicating a trend of improving industry efficiency [3] - The Xinchuang sector continues to exceed expectations, with its replacement scope extending from party and government to core government systems and key industry applications, further expanding the industrial chain [3] Group 3 - The Xinchuang ETF fund and its linked funds track the CSI Xinchuang Index, covering core segments of the Xinchuang industry chain, including basic hardware, software, application software, information security, and external devices, characterized by high growth and elasticity [5] - The investment logic for the Xinchuang industry is driven by four key factors: international geopolitical disturbances, urgent demand for self-controllability, government support, and accelerated corporate development [5] - The macroeconomic environment is seeing increased local debt efforts, with government procurement in the Xinchuang sector expected to recover [7] Group 4 - Key investment lines in the Xinchuang sector include leading players in the mainstream Xinchuang ecosystem, urgent demand in specific fields like domestic computing ecology and industrial software, and core participants in the Huawei supply chain benefiting from the expansion of Xinchuang logic [6] - The technological advancements represented by domestic manufacturers like Huawei are expected to lead to an increase in market share for domestic software and hardware [7] - The Xinchuang sector is at a critical time point for advancement, with procurement standards becoming more refined [7]