2024年4月公司完成了石家庄宇讯电子有限公司及北京海为科技有限公司的收购。本年度，结合当前的 经营状况以及对未来经营情况的分析预测，公司管理层初步判断该商誉出现减值迹象。根据企业会计准 则及公司会计政策等相关规定，2025年度预计计提商誉减值准备的金额约2,800.00万元。最终商誉减值 准备计提金额，需依据评估机构出具的商誉减值测试评估报告以及会计师事务所审计确定。 理工导航(688282.SH)发布2025年年度业绩预亏公告，预计2025年年度实现归属于母公司所有者净亏损 600万元至1200万元，与上年同期相比(法定披露数据)，将减少146.81万元到746.81万元，同比增亏 32.40%到164.79%。 公司与北京盈想东方科技股份有限公司(以下简称"盈想东方")因买卖合同纠纷事宜向北京市昌平区人民 法院提起诉讼，并于报告期内收到北京市昌平区人民法院出具的民事判决书。根据民事判决书及盈想东 方的信用状况进行判断，本着谨慎性原则，公司对应收款项和存货计提了单项减值。 ...

智通财经APP讯，理工导航(688282.SH)发布2025年年度业绩预亏公告，预计2025年年度实现归属于母 公司所有者净亏损600万元至1200万元，与上年同期相比(法定披露数据)，将减少146.81万元到746.81万 元，同比增亏32.40%到164.79%。 2024年4月公司完成了石家庄宇讯电子有限公司及北京海为科技有限公司的收购。本年度，结合当前的 经营状况以及对未来经营情况的分析预测，公司管理层初步判断该商誉出现减值迹象。根据企业会计准 则及公司会计政策等相关规定，2025年度预计计提商誉减值准备的金额约2,800.00万元。最终商誉减值 准备计提金额，需依据评估机构出具的商誉减值测试评估报告以及会计师事务所审计确定。 公司与北京盈想东方科技股份有限公司(以下简称"盈想东方")因买卖合同纠纷事宜向北京市昌平区人民 法院提起诉讼，并于报告期内收到北京市昌平区人民法院出具的民事判决书。根据民事判决书及盈想东 方的信用状况进行判断，本着谨慎性原则，公司对应收款项和存货计提了单项减值。 ...

格隆汇1月20日丨理工导航(688282.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司 所有者的净利润-1200万元到-600万元，与上年同期相比（法定披露数据），将减少146.81万元到746.81 万元，同比增亏32.40%到164.79%。 预计2025年年度实现营业收入25,600.00万元到30,400.00万元，与上年同期相比（法定披露数据），将增 加8,512.34万元到13,312.34万元，同比增长49.82%到77.91%。预计扣除与主营业务无关的业务收入和不 具备商业实质的收入后的营业收入为25,600.00万元到30,400.00万元。 预计归属于母公司所有者扣除非经常性损益后的净利润-2,300.00万元到-1,700.00万元，与上年同期相比 （法定披露数据），将减少822.50万元到1,422.50万元，同比增亏93.73%到162.11%。 ...

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。 证券代码：688282 证券简称：理工导航 公告编号：2026-002 北京理工导航控制科技股份有限公司 2025 年年度业绩预亏公告 重要内容提示： （一）业绩预告时间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 1、经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者的净利 润-1,200.00 万元到-600.00 万元，与上年同期相比（法定披露数据），将减少 146.81 万元到 746.81 万元，同比增亏 32.40%到 164.79%。 2、预计归属于母公司所有者扣除非经常性损益后的净利润-2,300.00 万元到 -1,700.00 万元，与上年同期相比（法定披露数据），将减少 822.50 万元到 1,422.50 万元，同比增亏 93.73%到 162.11%。 3、预计 2025 年年度实现营业收入 25,600.00 万元到 30,400.00 万元，与上 年同期相比（法定披露数据），将增加 8, ...

Market Overview - The aerospace equipment sector experienced a decline of 5.5% on January 20, with Aerospace HuanYu leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Key stocks in the aerospace equipment sector showed the following closing prices and percentage changes: - Aerospace Electronics (600879): 26.31, -0.83% - Xingwang Yuda (002829): 28.91, -3.73% - Xinyu Guoke (300722): 33.51, -4.80% - Zhongtian Rocket (003009): 70.62, -6.15% - China Satellite (600118): 98.04, -6.53% - China Satcom (601698): 37.00, -7.01% - Ligong Navigation (688282): 75.82, -7.14% - Aerospace HuanYu (688523): 60.30, -8.87% [1] Capital Flow - The aerospace equipment sector saw a net outflow of 3.385 billion yuan from institutional investors, while retail investors had a net inflow of 3.481 billion yuan [1] - Detailed capital flow for key stocks includes: - Xinyu Guoke (300722): Institutional net outflow of 17.66 million yuan, retail net inflow of 16.89 million yuan - Ligong Navigation (688282): Institutional net outflow of 30.54 million yuan, retail net inflow of 32.30 million yuan - Xingwang Yuda (002829): Institutional net outflow of 49.15 million yuan, retail net inflow of 40.51 million yuan - Aerospace HuanYu (688523): Institutional net outflow of 92.41 million yuan, retail net inflow of 35.86 million yuan - Zhongtian Rocket (003009): Institutional net outflow of 96.91 million yuan, retail net inflow of 1.30 million yuan - Aerospace Electronics (600879): Institutional net outflow of 44.20 million yuan, retail net inflow of 82.70 million yuan - China Satcom (601698): Institutional net outflow of 101.00 million yuan, retail net inflow of 10.55 million yuan - China Satellite (600118): Institutional net outflow of 164.70 million yuan, retail net inflow of 134.47 million yuan [2]

预计2025年年度实现营业收入25,600.00万元到30,400.00万元，与上年同期相比（法定披露数据），将增 加8,512.34万元到13,312.34万元，同比增长49.82%到77.91%。预计扣除与主营业务无关的业务收入和不 具备商业实质的收入后的营业收入为25,600.00万元到30,400.00万元。 预计归属于母公司所有者扣除非经常性损益后的净利润-2,300.00万元到-1,700.00万元，与上年同期相比 （法定披露数据），将减少822.50万元到1,422.50万元，同比增亏93.73%到162.11%。 格隆汇1月20日丨理工导航(688282.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司 所有者的净利润-1200万元到-600万元，与上年同期相比（法定披露数据），将减少146.81万元到746.81 万元，同比增亏32.40%到164.79%。 ...

Core Viewpoint - The aerospace equipment sector experienced a 1.21% increase on January 19, with Aerospace Electronics leading the gains, while the overall market indices showed modest increases [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4114.0, up 0.29% [1]. - The Shenzhen Component Index closed at 14294.05, up 0.09% [1]. - Aerospace Electronics stock closed at 26.53, with a gain of 3.39% [1]. Group 2: Stock Performance - Aerospace Electronics (600879) led the sector with a closing price of 26.53 and a trading volume of 4.18 million shares, totaling a transaction value of 110.67 million yuan [1]. - Aerospace Huanyu (688523) closed at 66.17, up 3.00%, with a trading volume of 135,100 shares and a transaction value of 8.95 million yuan [1]. - China Satellite (600118) closed at 104.89, up 2.93%, with a trading volume of 957,800 shares and a transaction value of 100.78 billion yuan [1]. Group 3: Fund Flow Analysis - The aerospace equipment sector saw a net outflow of 889 million yuan from institutional investors, while retail investors contributed a net inflow of 765 million yuan [1]. - The detailed fund flow indicates that Aerospace Huanyu had a net inflow of 43.11 million yuan from institutional investors, while retail investors had a net outflow of 49.48 million yuan [2]. - China Satellite experienced a net outflow of 26.66 million yuan from institutional investors, with retail investors contributing a net inflow of 107 million yuan [2].

Group 1 - The aerospace equipment sector experienced a short-term surge, with Aerospace Hongtu rising over 10% [1] - Other companies such as China Satellite Communications, Zhongtian Rocket, StarNet, and Aerospace Huanyu also saw increases in their stock prices [1]

Group 1 - The aerospace equipment sector experienced a short-term surge, with Aerospace Hongtu rising over 10% [1] - Other companies such as China Satellite Communications, Zhongtian Rocket, StarNet Yuda, Ligong Navigation, and Aerospace Huanyu also saw increases [1]

Market Overview - The commercial aerospace sector experienced a collective decline on January 13, with indices such as aerospace (BK0480) and commercial aerospace (BK0963) dropping by 6.87% and 5.72% respectively, while the aerospace ETF Tianhong saw a decline of 9.37% [1][10] - This follows a strong performance on January 12, where the A-share commercial aerospace index rose over 6%, with more than 90 related stocks hitting the daily limit or increasing by over 10% [3][12] Company Responses and Risk Disclosures - Multiple companies, including Aerospace HuanYu and XinKe Mobile, issued risk warnings on January 12, clarifying their business boundaries and the limited impact of commercial aerospace on their overall revenue [3][12] - XinKe Mobile stated that its satellite internet revenue constitutes only 2%-3% of its total income, emphasizing that its main business remains mobile communication network equipment and services [4][13] - Aerospace HuanYu reported that its commercial aerospace business contributes approximately 3% to total revenue as of September 30, 2025, and highlighted the need for time to validate new technologies in the market [4][15] Industry Insights - Experts suggest that the commercial aerospace sector is still in its early stages, with significant growth potential but requiring a cultivation period of about five years [8][18] - The sector is recognized as a strategic emerging industry in China's 14th Five-Year Plan, with the establishment of a dedicated commercial aerospace department by the National Space Administration [7][18] - Recommendations for regulatory measures include enhancing information disclosure, monitoring abnormal trading, and improving investor education to promote rational market development [7][18] Future Outlook - The market for commercial aerospace in China is projected to reach a trillion-level scale, but the industry is still primarily driven by state-owned enterprises, with private capital facing challenges [8][19] - Companies are advised to focus on the commercialization of technology and the development of civil products to enhance their market position [8][19]