Core Viewpoint - The announcement from Beijing Ligong Navigation Control Technology Co., Ltd. indicates a significant reduction in shareholding by its major shareholders, which may impact the company's stock performance and investor sentiment [1] Group 1: Shareholding Details - Before the reduction plan, the major shareholder, Beijing Ligong Asset Management Co., Ltd., held 5,940,000 shares, representing 6.75% of the total shares [1] - Its action-in-concert partner, Beijing Ligong Technology Transfer Co., Ltd., held 1,980,000 shares, accounting for 2.25% of the total shares [1] - The total shareholding of both entities was 7,920,000 shares, which constituted 9.00% of the total shares before the reduction [1] Group 2: Reduction Plan Outcome - As of November 25, 2025, the shareholders reduced their holdings by 1,439,997 shares through centralized bidding and block trading [1] - Following the reduction, their combined shareholding decreased to 6,480,003 shares, representing 7.36% of the total shares [1] - The reduction plan has now reached its deadline, indicating the completion of the intended share divestment [1]

Group 1 - The core point of the news is that the company, 理工导航, announced a reduction in shareholding by its asset management company and its concerted action partner, decreasing their total shareholding from 7.92 million shares to approximately 6.48 million shares, which represents a reduction in ownership from 9% to 7.36% of the total share capital [1] - As of the announcement, the company's market capitalization is reported to be 4.4 billion yuan [2] - The revenue composition for 理工导航 in 2024 is heavily weighted towards manufacturing, accounting for 99.08%, while other business segments contribute only 0.92% [1] Group 2 - The company faced regulatory scrutiny as it was reported that another company, 688496, is under investigation by the China Securities Regulatory Commission due to a significant loss exceeding 100 million yuan shortly after its IPO [2] - The core product of the company has been impacted severely, with its largest customer opting for self-supply, leading to a reduction in procurement [2]

格隆汇11月25日丨理工导航(688282.SH)公布，公司于近日收到公司持股5%以上股东资产经营公司及其 一致行动人技术转移公司出具的《关于减持北京理工导航控制科技股份有限公司减持计划时间届满暨减 持股份结果告知函》。截至2025年11月25日收盘，资产经营公司及其一致行动人技术转移公司通过集中 竞价、大宗交易方式合计减持公司股份144.00万股，其合计持有公司股份数量由792万股减少至648.00万 股，占公司总股本的比例由9.00%减少至7.36%。本次减持计划时间区间已届满。 ...

Core Insights - The aerospace equipment sector experienced a slight increase of 0.32% on November 25, with Aerospace Hanyu leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Sector Performance - Aerospace Hanyu (688523) saw a significant rise of 15.82%, closing at 34.48, with a trading volume of 388,400 shares and a transaction value of 1.29 billion [1] - China Satellite (600118) increased by 1.16%, closing at 42.61, with a trading volume of 607,300 shares and a transaction value of 2.61 billion [1] - Zhongtian Rocket (003009) rose by 0.64%, closing at 55.45, with a trading volume of 145,300 shares and a transaction value of 810 million [1] - StarNet Yuda (002829) and China Telecom (601698) had minimal increases of 0.15% and 0.10%, respectively [1] - Aerospace Electronics (600879) decreased slightly by 0.09%, while Xinyu Guoke (300722) fell by 3.37% and 3.47%, respectively [1] Capital Flow - The aerospace equipment sector experienced a net outflow of 91.19 million from institutional investors, while retail investors saw a net inflow of 74.52 million [1] - China Satellite had a net inflow of 45.91 million from institutional investors, while Aerospace Hanyu had a net inflow of 43.61 million [2] - Other companies like Zhongtian Rocket and Aerospace Electronics faced significant net outflows of 46.68 million and 53.24 million, respectively [2]

证券代码：688282 证券简称：理工导航 公告编号：2025-055 北京理工导航控制科技股份有限公司 股东减持计划时间届满暨减持股份结果公告 本公司董事会、全体董事及相关股东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。 股东持有的基本情况 本次减持计划实施前，北京理工导航控制科技股份有限公司（以下简称"理 工导航"或"公司"）股东北京理工资产经营有限公司（以下简称"资产经营公 司"）直接持有公司股份 5,940,000 股，占公司总股份比例为 6.75%，为持有理工 导航股份比例在 5%以上的非第一大股东；其一致行动人北京理工技术转移有限 公司（以下简称"技术转移公司"）直接持有公司股份 1,980,000 股，占公司总股 份比例为 2.25%，为资产经营公司全资子公司。上述股份均为公司首次公开发行 前持有的股份，并于 2023 年 3 月 20 日起上市流通。 减持计划的实施结果情况 公司于 2025 年 8 月 4 日在上海证券交易所网站（www.sse.com.cn）披露了 《北京理工导航控制科技股份有限公司持股 5%以上股东及其 ...

Core Viewpoint - The stock price of LIGONG Navigation (688282.SH) has declined by 3.47%, closing at 49.51 yuan, indicating that the company is currently in a state of share price drop since its IPO [1]. Group 1: IPO Details - LIGONG Navigation was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 18, 2022, with a total of 22 million shares issued at an initial price of 65.21 yuan per share [1]. - The total funds raised from the IPO amounted to 1.435 billion yuan, with a net amount of 1.251 billion yuan after deducting issuance costs, which is 615 million yuan more than the original plan [1]. - The company initially aimed to raise 636 million yuan for projects including the expansion of inertial navigation devices, production of fiber optic gyroscopes, R&D center construction, and working capital supplementation [1]. Group 2: Issuance Costs - The total issuance costs for the IPO were 184 million yuan, with underwriting and sponsorship fees accounting for 163 million yuan [2].

证券之星消息，11月20日航天装备板块较上一交易日下跌0.24%，理工导航领跌。当日上证指数报收于 3931.05，下跌0.4%。深证成指报收于12980.82，下跌0.76%。航天装备板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300722 新余国科 | | 837.51万 | 1.71% | -228.04万 | -0.47% | -609.47万 | -1.25% | | 003009 中天火箭 | | -235.45万 | -2.11% | -190.86万 | -1.71% | 426.31万 | 3.82% | | 600118 中国卫星 | | -418.48万 | -0.37% | 6495.27万 | 5.82% | -6076.79万 | -5.44% | | 688282 理工导航 | | -635.69万 | -8.50% | 774.21万 | 10.35% | ...

Core Viewpoint - The stock price of LIGONG Navigation (688282.SH) has declined by 6.37%, closing at 47.60 yuan, indicating that the company is currently in a state of share price drop since its IPO [1] Group 1: Company Overview - LIGONG Navigation was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 18, 2022, with an initial public offering (IPO) of 22 million shares at a price of 65.21 yuan per share [1] - The total amount raised from the IPO was 1.435 billion yuan, with a net amount of 1.251 billion yuan after deducting issuance costs [1] - The net amount raised exceeded the original plan by 615 million yuan, indicating strong investor interest [1] Group 2: Fund Utilization - The funds raised are intended for several projects, including the expansion of inertial navigation device production, the construction of fiber optic gyroscope production facilities, the establishment of a research and development center, and to supplement working capital [1] - The total issuance costs for the IPO amounted to 184 million yuan, with underwriting and sponsorship fees accounting for 163 million yuan [1]

Group 1 - The core point of the article highlights the recent decline in the stock price of Beijing Ligong Navigation Control Technology Co., Ltd., which fell by 5.04% to 48.28 CNY per share, with a total market capitalization of 4.249 billion CNY [1] - The company, established on February 24, 2012, specializes in the research, development, production, and sales of inertial navigation systems and their core components, with 99.63% of its revenue coming from product sales [1] - The trading volume for the stock was 27.2397 million CNY, with a turnover rate of 0.63% [1] Group 2 - From the perspective of major shareholders, a fund under China Europe Fund has increased its holdings in Ligong Navigation, acquiring an additional 2.1 million shares, bringing its total to 2.6 million shares, which represents 2.95% of the circulating shares [2] - The fund, China Europe High-end Equipment Stock Initiation A (016847), has a current scale of 322 million CNY and has achieved a year-to-date return of 19.68% [2] - The fund manager, Li Shuai, has a tenure of 10 years and 120 days, with the best fund return during his tenure being 101.5% [3] Group 3 - The China Europe High-end Equipment Stock Initiation A fund holds 2.6 million shares of Ligong Navigation, accounting for 4.2% of the fund's net value, making it the tenth largest holding [4] - The estimated floating loss for the fund today is approximately 6.656 million CNY [4]

Market Overview - The aerospace equipment sector experienced a decline of 0.49% on November 13, with China Satellite leading the drop [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Notable stock performances in the aerospace equipment sector include: - Aerospace Huanyu (688523) rose by 6.68% to a closing price of 28.12 [1] - Zhongtian Rocket (003009) increased by 1.03% to 51.09 [1] - Aerospace Electronics (600879) gained 0.99% to 11.20 [1] - China Satellite (600118) fell by 1.36% to 44.38 [1] - StarNet Yuda (002829) decreased by 0.46% to 28.00 [1] Capital Flow - The aerospace equipment sector saw a net inflow of 151 million yuan from institutional investors, while retail investors experienced a net outflow of 184 million yuan [1] - Detailed capital flow for key stocks includes: - China Satellite (600118) had a net inflow of 66.05 million yuan from institutional investors [2] - Aerospace Huanyu (688523) saw a net inflow of 38.99 million yuan from institutional investors [2] - Aerospace Electronics (600879) recorded a net inflow of 32.70 million yuan from institutional investors [2] - StarNet Yuda (002829) experienced a net outflow of 0.29 million yuan from retail investors [2]