Core Viewpoint - The company reported significant revenue growth in the first half of 2025, indicating a strong recovery trend despite still posting a net loss [1] Financial Performance - The company achieved total operating revenue of 35.76 million yuan in the first half of 2025, representing a year-on-year increase of 170.36% [1] - The net profit attributable to shareholders of the parent company was -16.81 million yuan, which is a reduction in loss by 13.79 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.20 yuan [1]

Group 1 - The company, LIGONG Navigation, reported a revenue of approximately 35.76 million yuan for the first half of 2025, representing a year-on-year increase of 170.36% [1] - The net profit attributable to shareholders was a loss of approximately 16.81 million yuan, with a basic earnings per share loss of 0.2 yuan [1] - In the same period of 2024, the company had a revenue of approximately 13.23 million yuan and a net profit loss of approximately 30.61 million yuan, with a basic earnings per share loss of 0.36 yuan [1] Group 2 - As of the report date, LIGONG Navigation had a market capitalization of 4.3 billion yuan [1]

证券代码：688282 证券简称：理工导航 公告编号：2025-049 北京理工导航控制科技股份有限公司 关于召开 2025 年半年度业绩说明会暨投资者开放日 活动的公告 本次投资者说明会暨投资者接待日活动以现场会议的形式召开，公司将针对 2025 年半年度的经营成果及财务指标的具体情况及投资者较为关心的问题与投 资者进行现场交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进 行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 9 月 10 日（星期三） 上午 9：00-11：00 （二）会议召开地点：北京市大兴区瑞合东一路 1 号 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、准确性和完整性依法承担法律责任。 重要内容提示： 北京理工导航控制科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日在上海证券交易所网站（http://www.sse.com.cn/）披露公司《2025 年半 年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果及 财务状况，公司计划于 2025 年 9 月 ...

证券代码：688282 证券简称：理工导航 公告编号：2025-048 北京理工导航控制科技股份有限公司 （一）信用减值损失 公司以预期信用损失为基础，对应收账款、应收票据和其他应收款进行减值 测试并确认减值损失。 关于 2025 年半年度计提资产减值准备的公告 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、准确性和完整性依法承担法律责任。 一、本次计提减值准备情况概述 根据《企业会计准则》以及北京理工导航控制科技股份有限公司（以下简称 "公司"）财务制度等相关规定，为客观公允地反映公司 2025 年半年度财务状况 及经营成果，基于谨慎性原则，对截至 2025 年 6 月 30 日合并报表范围内可能发 生信用及资产减值损失的有关资产计提资产减值准备。 公司 2025 年半年度计提各项资产减值准备合计 381.48 万元，具体情况如下 表所示： 单位：人民币万元 | 项目 | 2025 | 年半年度计提金额 | | 备注 | | --- | --- | --- | --- | --- | | 信用减值损失 | | | 116.22 | 应收账款坏账损失、应 ...

惯性导航技术是军事领域最重要的核心通用技术之一，其发展水平直接影响 一国武器装备的先进性。公司致力于打造国内领先的惯性导航技术平台，以新质 生产力助力科技强军，率先攻克了高动态载体导航控制、多种传感器误差精确建 模与补偿等大量导航控制领域核心技术，研发产品在远程精确制导弹药等多型核 心武器平台中得到广泛应用，为我国惯性导航产业和国防工业做出重要贡献。 随着惯性技术新成果不断涌现，在军、民用市场均有广阔应用前景。公司精 确把握惯性技术未来发展方向、精确制导武器技术需求及相关下游行业市场发展 趋势，制定了三大发展战略：一、持续优化惯性导航系统产品技术，根据市场需 求扩大生产规模和应用场景；二、加强光纤陀螺仪的研发力度，向着提高精度、 零偏稳定性和标度因数稳定性的方向发展；三、积极响应国家发展战略，在立足 军工的同时，拓展民品领域下游市场应用。 北京理工导航控制科技股份有限公司 2025 年度"提质增效重回报"行动方案的 半年度评估报告 为落实《中国证监会关于深化科创板改革服务科技创新和新质生产力发展的 八条措施》，响应上交所开展"提质增效重回报"专项行动的公开倡议，践行"以 投资者为本"的上市公司发展理念，维护北 ...

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、准确性和完整性依法承担法律责任。 根据中国证券监督管理委员会发布的《上市公司募集资金监管规则》和上海证券交 易所颁布的《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等相 关法律法规的规定及要求，北京理工导航控制科技股份有限公司（以下简称"本公司" 或"公司"）董事会作出公司 2025 年半年度募集资金存放与实际使用情况专项报告如下： 证券代码：688282 证券简称：理工导航 公告编号：2025-047 北京理工导航控制科技股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况的专项报告 一、募集资金基本情况 根据中国证券监督管理委员会于2022年1月5日出具的《关于同意北京理工导航控制 科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕8号），本公司获 准向社会公开发行人民币普通股（A股）2,200万股，发行价格为人民币65.21元/股，募 集资金总额为1,434,620,000.00 元，扣除保荐承销费用148,462,000.00 元后的余额 1,286,1 ...

Market Performance - The aerospace equipment sector rose by 4.95% on August 28, with Aerospace Hanyu leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Aerospace Hanyu (688523) closed at 27.31, up 10.43% with a trading volume of 200,300 shares and a transaction value of 532 million [1] - Xingwang Yuda (002829) closed at 23.78, up 9.99% with a trading volume of 344,300 shares and a transaction value of 816 million [1] - China Satellite (600118) closed at 38.90, up 6.72% with a trading volume of 1,511,500 shares and a transaction value of 5.922 billion [1] - Other notable stocks include China (601698) up 5.68%, Ligong Navigation (688282) up 3.17%, and Aerospace Electronics (600879) up 2.37% [1] Fund Flow Analysis - The aerospace equipment sector experienced a net outflow of 223 million from institutional funds and 208 million from speculative funds, while retail investors saw a net inflow of 430 million [1] - Specific stock fund flows indicate that Xingwang Yuda had a net inflow of 2.08 billion from institutional funds but a net outflow of 1.35 billion from speculative funds [2] - Aerospace Hanyu had a net inflow of 23.45 million from institutional funds, while it faced a net outflow of 12.44 million from speculative funds [2]

Core Viewpoint - The company, Beijing Ligong Navigation Control Technology Co., Ltd., is experiencing a decline in stock performance and financial metrics, indicating potential challenges in its business operations and market perception [1][2]. Financial Performance - On August 27, the company's stock price fell by 3.21%, with a trading volume of 27.06 million yuan [1]. - For the period from January to March 2025, the company reported a revenue of 4.34 million yuan, a year-on-year decrease of 61.67%, and a net profit attributable to shareholders of -10.52 million yuan, reflecting a 40.80% increase in losses compared to the previous year [2]. Financing and Margin Data - On August 27, the company had a net financing buy of -1.40 million yuan, with a total financing balance of 23.23 million yuan, representing 1.34% of its market capitalization [1]. - The financing balance is below the 30th percentile level over the past year, indicating a low level of investor confidence [1]. Shareholder Information - As of March 31, 2025, the company had 4,790 shareholders, a decrease of 15.73% from the previous period, while the average number of circulating shares per shareholder increased by 18.66% to 7,624 shares [2]. - The company has distributed a total of 103 million yuan in dividends since its A-share listing, with 48.4 million yuan distributed over the past three years [3]. Business Overview - The company specializes in the research, development, production, and sales of inertial navigation systems and their core components, with the main revenue sources being inertial navigation systems (59.86%) and microwave components (27.61%) [2].

Summary of Key Points Core Viewpoint - A total of 18 companies have raised their share repurchase price limits since July, reflecting an improvement in market conditions and increased investor confidence, with some companies raising their repurchase prices by over 140% [1][6]. Group 1: Companies Adjusting Repurchase Prices - On August 26, companies such as Jinli Permanent Magnet, Jinchun Co., Toukeng Life, and Kesi Technology announced increases in their share repurchase price limits [1]. - Jinli Permanent Magnet raised its repurchase price limit from 31.06 CNY/share to 42.66 CNY/share, an increase of 37.35% [2]. - Jinchun Co. increased its limit from 17.90 CNY/share to 35 CNY/share, marking a 95.53% rise [2]. - Toukeng Life adjusted its limit from 15.85 CNY/share to 29.34 CNY/share, an 85.11% increase [2]. - Kesi Technology raised its limit from 53.86 CNY/share to 102 CNY/share, an increase of 89.38% [2]. Group 2: Market Trends and Implications - The average increase in repurchase prices among the 18 companies is 61.5% [6]. - The rise in repurchase prices is attributed to two main factors: the recovery of the market and the companies' confidence in their future stability and intrinsic value [4][6]. - Companies are utilizing special loans to support their repurchase plans, as seen with Aoshikang, which secured a loan of up to 162 million CNY for its repurchase [8]. Group 3: Regulatory and Market Environment - The Chinese government has encouraged companies to use repurchase and increase strategies to enhance market stability [8]. - Industry experts suggest that companies should carefully evaluate and dynamically adjust their repurchase plans to ensure effective implementation and bolster market confidence [9].

Market Overview - The aerospace equipment sector experienced a decline of 3.31% on August 27, with Zhongtian Rocket leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - China Satellite (600118) closed at 36.45, down 0.49% with a trading volume of 1.4895 million shares and a turnover of 547.5 million yuan [1] - Aerospace Electronics (600879) closed at 11.41, down 2.65% with a trading volume of 1.5415 million shares and a turnover of 1.799 billion yuan [1] - Ligong Navigation (688282) closed at 47.57, down 3.21% with a trading volume of 5591.11 shares and a turnover of 27.0631 million yuan [1] - Aerospace Huayu (688523) closed at 24.73, down 4.22% with a trading volume of 83,000 shares and a turnover of 211 million yuan [1] - StarNet Yuda (002829) closed at 21.62, down 4.29% with a trading volume of 130,100 shares and a turnover of 289 million yuan [1] - China Satellite Communications (601698) closed at 22.00, down 4.35% with a trading volume of 1.2103 million shares and a turnover of 2.720 billion yuan [1] - Xinyu Guoke (300722) closed at 37.09, down 4.70% with a trading volume of 136,500 shares and a turnover of 515 million yuan [1] - Zhongtian Rocket (003009) closed at 59.08, down 6.03% with a trading volume of 98,700 shares and a turnover of 593 million yuan [1] Fund Flow Analysis - The aerospace equipment sector saw a net outflow of 1.284 billion yuan from institutional investors, while retail investors had a net inflow of 1.047 billion yuan [1] - The detailed fund flow for individual stocks shows significant net outflows for several companies, including: - Ligong Navigation: -146.74 thousand yuan from institutional investors [2] - StarNet Yuda: -1546.59 thousand yuan from institutional investors [2] - Aerospace Electronics: -8998.77 thousand yuan from institutional investors [2] - Zhongtian Rocket: -9027.29 thousand yuan from institutional investors [2] - Xinyu Guoke: -9814.42 thousand yuan from institutional investors [2]