证券代码：688523 证券简称：航天环宇 公告编号：2026-003 湖南航天环宇通信科技股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2026年第一次临时股东会 （四） 现场会议召开的日期、时间和地点 召开日期时间：2026 年 1 月 28 日 15 点 00 分 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 1 月 28 日 至2026 年 1 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 （七） 涉及公开征集股东投票权 不涉及 二、 会议审议事项 本次股东会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | ...

格隆汇1月12日｜航天环宇发布异动公告，公司股票连续十个交易日内收盘价格涨幅偏离值累计超过 100%，根据《上海证券交易所交易规则》的相关规定，属于股票交易严重异常波动情形。公司股票短 期涨幅高于同期行业及上证指数涨幅，存在市场情绪过热及非理性炒作的情形，存在股价短期涨幅较大 后续下跌的风险。公司股价已脱离基本面，投资者交易存在较大风险，敬请广大投资者注意二级市场交 易风险，理性决策，审慎投资。 ...

Group 1 - The company, Aerospace Universe (688523), announced on January 12 that its stock price has significantly deviated from the market index, indicating a high level of speculative trading risk [1] - The stock has experienced substantial short-term volatility, which is markedly different from market trends [1] - If the company's stock price continues to rise abnormally, it may apply for a trading suspension for further investigation, and its stock could be closely monitored by the Shanghai Stock Exchange [1]

【航天环宇：如未来股票价格进一步异常上涨 可能申请停牌核查】《科创板日报》12日讯，航天环宇 (688523.SH)公告称，公司股票连续十个交易日内（2025年12月26日至2026年1月12日）收盘价格涨幅偏 离值累计超过100%，根据相关规定，属于股票交易严重异常波动情形。公司股价显著偏离大盘指数， 短期波动幅度较大，已明显偏离市场走势，存在较高的炒作风险，如未来公司股票价格进一步异常上 涨，公司可能申请停牌核查，公司股票可能被上海证券交易所重点监控，异常交易相关投资者账户可能 被暂停交易。投资者参与交易可能面临较大风险，敬请广大投资者务必充分了解二级市场交易风险，切 实提高风险意识。 转自：智通财经 ...

航天环宇1月12日发布公告，公司股票连续十个交易日内（2025年12月26日至2026年1月12日）收盘价格 涨幅偏离值累计超过100%，根据《上海证券交易所交易规则》的相关规定，属于股票交易严重异常波 动情形。公司股价显著偏离大盘指数，短期波动幅度较大，已明显偏离市场走势，存在较高的炒作风 险，如未来公司股票价格进一步异常上涨，公司可能申请停牌核查，公司股票可能被上海证券交易所重 点监控，异常交易相关投资者账户可能被暂停交易。投资者参与交易可能面临较大风险，敬请广大投资 者务必充分了解二级市场交易风险，切实提高风险意识。 ...

航天环宇公告，公司股票连续十个交易日内（2025年12月26日至2026年1月12日）收盘价格涨幅偏离值 累计超过100%，根据相关规定，属于股票交易严重异常波动情形。公司股价显著偏离大盘指数，短期 波动幅度较大，已明显偏离市场走势，存在较高的炒作风险，如未来公司股票价格进一步异常上涨，公 司可能申请停牌核查，公司股票可能被上海证券交易所重点监控，异常交易相关投资者账户可能被暂停 交易。投资者参与交易可能面临较大风险，敬请广大投资者务必充分了解二级市场交易风险，切实提高 风险意识。 （文章来源：第一财经） ...

Core Insights - The aerospace equipment sector experienced a significant increase of 10.02% on January 12, with leading stock LiGong Navigation rising by 20% [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Stock Performance - LiGong Navigation (688282) closed at 94.20, with a rise of 20.00% and a trading volume of 39,700 shares, amounting to 359 million yuan [1] - Aerospace Huayu (688523) saw a closing price of 90.76, increasing by 13.99% with a trading volume of 221,600 shares, totaling 1.926 billion yuan [1] - China Aerospace (600118) closed at 116.66, up 10.00%, with a trading volume of 696,200 shares, amounting to 798.5 million yuan [1] - China Satellite Communications (601698) also rose by 10.00%, closing at 53.88 with a trading volume of 2.6295 million shares, totaling 1.3823 billion yuan [1] - Aerospace Electronics (600879) closed at 31.56, up 10.00%, with a trading volume of 4.0376 million shares, totaling 1.2568 billion yuan [1] - Other notable performances include Zhongtian Rocket (003009) at 98.70 (+7.93%) and Xingwang Yuda (002829) at 34.71 (+6.96%) [1] Capital Flow - The aerospace equipment sector saw a net inflow of 313 million yuan from institutional investors, while retail investors contributed a net inflow of 142 million yuan [1] - However, there was a net outflow of 455 million yuan from speculative funds [1] Detailed Capital Flow by Stock - China Aerospace (600118) had a net inflow of 1.435 billion yuan from institutional investors, but a net outflow of 799 million yuan from speculative funds [2] - Newyu Guoke (300722) experienced a net inflow of 65.56 million yuan from institutional investors, while retail investors had a net outflow of 66.35 million yuan [2] - Zhongtian Rocket (003009) saw a net inflow of 31.60 million yuan from institutional investors, with a net outflow of 41.60 million yuan from speculative funds [2] - LiGong Navigation (688282) had a net inflow of 12.76 million yuan from institutional investors, but a net outflow of 23.56 million yuan from speculative funds [2] - Aerospace Huayu (688523) faced a net outflow of 81.56 million yuan from institutional investors, while speculative funds had a net inflow of 63.76 million yuan [2] - China Satellite Communications (601698) had a significant net outflow of 505 million yuan from institutional investors, with a net inflow of 251 million yuan from speculative funds [2] - Aerospace Electronics (600879) experienced a net outflow of 626 million yuan from institutional investors, while retail investors had a net inflow of 523 million yuan [2]

Group 1 - The aerospace and satellite navigation sectors are experiencing significant growth, with stocks like Tianyin Electromechanical and Huali Chuantong hitting the daily limit, and several others rising over 10% [1] - The General Aviation ETF Huabao (159231) has seen a strong price increase of 8.45%, reaching a new high since its listing, with a net subscription of 19 million shares [1] - According to the "China Commercial Aerospace Industry Development Report (2025)", the commercial aerospace industry in China has reached a scale of 2.5 to 2.8 trillion yuan, with an annual compound growth rate exceeding 20% [1] Group 2 - CITIC Securities indicates that the commercial aerospace industry is entering a new era supported by national policies and technological breakthroughs [2] - The commercial aerospace sector includes key areas such as remote sensing applications, satellite control systems, and data processing platforms, with a focus on expanding new scenarios like space computing [2] - The General Aviation ETF Huabao and its linked funds cover 50 aerospace stocks, with significant exposure to low-altitude economy, commercial aerospace, and satellite navigation [2]

Group 1: Satellite Industry Overview - The satellite internal structure is divided into satellite platforms and payloads, with platforms providing necessary support for payloads to achieve mission objectives[4] - Effective payloads are the instruments and systems that perform specific tasks on satellites, primarily including antenna subsystems and transponder subsystems for communication satellites[5] - The satellite attitude control system consists of sensors, controllers, and actuators to maintain the satellite's orientation and stability[24] Group 2: Investment Opportunities - Key beneficiaries in the satellite industry include companies involved in attitude control (e.g., Tianyin Electromechanical, Aerospace Zhizhuang) and TR components (e.g., Zhenlei Technology, Chengchang Technology)[5] - The market performance of small-cap indices like the CSI 1000 and CSI 500 has outperformed large-cap indices such as the SSE 50 and CSI 300 this week[6] - New shares listed this week include 1 company on A-shares and 6 companies on the Hong Kong Stock Exchange, indicating a vibrant IPO market[6] Group 3: Market Trends and Recommendations - The report highlights investment themes in smart vehicles and high-end manufacturing, recommending stocks such as Hu Guang Co., Ruihu Mould, and Aopute[7] - The satellite industry is expected to benefit from advancements in low-orbit satellite payloads, particularly in transponders and phased array antennas, which are crucial for communication satellites[70] - The cost structure of low-orbit communication satellites shows that payloads account for approximately 75% of costs, with antennas and TR components being the major contributors[51]

Core Viewpoint - The satellite internet sector in the A-share market has emerged as a leading star, experiencing significant price increases and attracting substantial market attention at the beginning of 2026, driven by favorable policies and heightened market activity [2][4]. Market Performance - The A-share market has shown a strong upward trend, with the Shanghai Composite Index surpassing 4100 points by January 9, 2026, following a robust start to the year [3][4]. - The satellite internet concept has been a major contributor to this growth, with multiple stocks within the sector achieving significant gains, including several reaching their daily limit up [3][4]. Stock Price Increases - From January 5 to January 9, 2026, four companies in the satellite internet sector saw their stock prices rise by over 40%, specifically, Zhenlei Technology (48.18%), Leike Defense (45.82%), Tongyu Communication (42.34%), and Aerospace Hanyu (42.28%) [5]. - Other notable stocks, including China Satellite Communications, Qianzhao Optoelectronics, Aerospace Electronics, and Zhenyou Technology, also experienced substantial increases, all exceeding 30% [5]. Fundamental Performance - Despite the sharp rise in stock prices, some companies in the sector have reported relatively flat or declining revenue figures. For instance, Zhenlei Technology's revenue increased from 234 million yuan in 2022 to 302 million yuan in 2025, showing slow growth [6]. - Conversely, Leike Defense's revenue has been on a downward trend, dropping from 1.364 billion yuan in 2022 to 933 million yuan in 2025 [6]. - Tongyu Communication also experienced a decline in revenue, from 1.407 billion yuan in 2022 to 815 million yuan in 2025 [6]. Policy Support - The rise of the satellite internet sector is attributed to strong policy support, particularly the National Space Administration's action plan aimed at promoting high-quality development in commercial aerospace by 2027 [4][6]. - This policy environment has fostered optimism about the sector's growth potential, leading to increased investment in related stocks [4]. Market Risks - Several companies have issued announcements regarding abnormal stock price fluctuations, warning investors of potential risks associated with the rapid price increases [7][8]. - For example, Tongyu Communication reported a cumulative stock price increase of 191.65% since November 27, 2025, significantly outpacing the industry average [8]. - Aerospace Hanyu also noted a 200.81% increase in stock price since November 21, 2025, prompting them to clarify that their business fundamentals remain stable despite the price surge [8].