Core Viewpoint - The company announced that its Vice President and Secretary of the Board, Zhai Chuanrun, plans to reduce his shareholding by up to 147,300 shares, representing 0.18% of the total share capital, due to personal financial needs [1] Summary by Relevant Sections - **Share Reduction Plan** - The planned share reduction will occur within three months after the announcement, starting 15 trading days from the disclosure date [1] - The reduction will be executed through a centralized bidding method, with the selling price determined by market conditions [1] - The implementation of this reduction plan carries uncertainty [1]

Core Viewpoint - The company announced that its Vice President and Board Secretary, Zhai Chuanrun, plans to reduce his shareholding due to personal financial needs, which may impact investor sentiment and stock performance [1] Group 1: Shareholding Details - Zhai Chuanrun currently holds 589,300 shares, representing 0.73% of the company's total share capital [1] - The planned reduction is up to 147,300 shares, which accounts for 0.18% of the total share capital [1] Group 2: Reduction Timeline - The reduction period is set from February 6, 2026, to May 5, 2026 [1] - The shares to be sold are sourced from those acquired before the IPO and from capital reserve conversion [1]

Group 1 - The core point of the article highlights the recent decline in the stock price of SiNan Navigation, which fell by 5.15% to 51.01 yuan per share, with a total market capitalization of 4.104 billion yuan [1] - SiNan Navigation, established on February 28, 2012, specializes in high-precision satellite navigation chips and RTK technology, providing centimeter and millimeter-level real-time positioning solutions based on the BeiDou and other GNSS systems [1] - The company's revenue composition includes data acquisition equipment (42.84%), high-precision GNSS boards/modules (20.70%), data applications and system solutions (20.32%), agricultural machinery autonomous driving systems (12.13%), and others (4.00%) [1] Group 2 - From the perspective of major fund holdings, Huashang Fund has a significant position in SiNan Navigation, with its fund holding 45,000 shares, representing 1.32% of the fund's net value, ranking as the tenth largest holding [2] - The Huashang Fund's performance shows a year-to-date return of 9.09%, ranking 1349 out of 5525 in its category, and a cumulative return of 47.47% since inception [2] Group 3 - The fund manager of Huashang's fund is Ai Dingfei, who has a tenure of 7 years and 53 days, with a total asset scale of 1.055 billion yuan, achieving a best return of 144.96% and a worst return of -16.84% during his tenure [3] - Co-manager Hai Yang has a tenure of 2 years and 14 days, managing assets of 1.32 billion yuan, with a best return of 65.86% and a worst return of 10.91% during his tenure [3]

Group 1 - The core viewpoint of the news highlights the growth and potential of the commercial aerospace sector in China, driven by policy support and increasing demand for satellite launches [2] - The China Aerospace Science and Technology Corporation successfully launched the Long March 8 rocket, which deployed 18 low-orbit satellites, indicating advancements in China's satellite internet capabilities [1] - The Long March 8 rocket's testing process has been streamlined to 18 days, with future goals set for a 7-day launch and recovery cycle, reflecting the increasing efficiency in China's space launch capabilities [1] Group 2 - The China General Aviation Theme Index (931855) has shown positive performance, with significant increases in constituent stocks such as Lais Information (up 12.05%) and Zhongke Xingtou (up 10.64%) [1] - The index comprises 50 companies involved in various aspects of general aviation, including manufacturing, operations, and infrastructure, reflecting the overall performance of the sector [2] - The top ten weighted stocks in the index account for 43.4% of its total weight, indicating a concentration of investment in key players within the general aviation industry [3]

国联民生证券承销保荐有限公司 关于上海司南导航技术股份有限公司 2025年度持续督导工作现场检查报告 上海证券交易所： 经中国证券监督管理委员会《关于同意上海司南卫星导航技术股份有限公司 首次公开发行股票注册的批复》（证监许可[2023]1050 号）的批准，上海司南导 航技术股份有限公司（以下简称"司南导航"、"公司"）首次公开发行人民币普 通股（A 股）1,554 万股，每股发行价格为 50.50 元，并经上海证券交易所的同 意于 2023 年 8 月 16 日起上市交易。 国联民生证券承销保荐有限公司（以下简称"国联民生"、"保荐机构"）作 为司南导航的保荐机构，根据《证券发行上市保荐业务管理办法》（以下简称"《保 荐办法》"）等有关法律法规和规范性文件的要求对公司开展了现场检查工作，现 将本次现场检查工作报告如下： 一、本次现场检查的基本情况 （一）保荐机构 国联民生证券承销保荐有限公司 （二）保荐代表人 陆能波、董加武 （三）现场检查时间 2026 年 1 月 4 日-2026 年 1 月 5 日 （四）现场检查人员 陆能波、倪智昊 （五）现场检查内容 公司治理和内部控制情况；信息披露情况；公司的独 ...

Group 1 - The company provided a high-precision Beidou measurement system for the "Yuanhang No. 1" rocket launch [1] - The revenue contribution from this product is relatively small [1] - There is uncertainty regarding future business development [1]

人民财讯1月13日电，司南导航(688592)1月13日在互动平台表示，公司为"元行者一号"火箭发射提供了 箭载高精度北斗测量系统，上述产品收入占比较小，未来业务发展尚存在不确定性。 ...

格隆汇1月13日丨司南导航(688592.SH)在投资者互动平台表示，公司为"元行者一号"火箭发射提供了箭 载高精度北斗测量系统，上述产品收入占比较小，未来业务发展尚存在不确定性，请投资者注意投资风 险。 ...

Group 1 - The core viewpoint of the news is that Sinar Navigation has seen a stock price increase of 5.16%, reaching 44.20 CNY per share, with a total market capitalization of 3.556 billion CNY as of January 6 [1] - Sinar Navigation, established on February 28, 2012, specializes in high-precision satellite navigation chips and RTK technology, providing centimeter and millimeter-level real-time positioning solutions based on the BeiDou and other GNSS systems [1] - The company's revenue composition includes data acquisition equipment (42.84%), high-precision GNSS boards/modules (20.70%), data applications and system solutions (20.32%), agricultural machinery autonomous driving systems (12.13%), and others (4.00%) [1] Group 2 - According to data, Huashang Fund holds Sinar Navigation as one of its top ten heavy positions, with 45,000 shares in the Huashang SSE Sci-Tech Innovation Board Composite Index Enhanced A Fund (023897), accounting for 1.32% of the fund's net value [2] - The fund has achieved a year-to-date return of 3.4%, ranking 901 out of 5,490 in its category, and a cumulative return of 39.77% since its inception [2] Group 3 - The fund manager of Huashang SSE Sci-Tech Innovation Board Composite Index Enhanced A Fund is Ai Dingfei, who has a tenure of 7 years and 44 days, with a total asset scale of 1.055 billion CNY and a best return of 129.73% during his tenure [3] - The co-manager, Hai Yang, has a tenure of 2 years and 5 days, managing assets of 1.32 billion CNY, with a best return of 53.78% during his tenure [3]

Market Overview - The Shanghai Composite Index is at 3885.56 points, slightly down by 0.10%, with a total trading volume of 896.24 billion yuan [1] - As of now, 150 A-shares have surpassed the half-year line, indicating a positive market trend [1] Stocks with Significant Deviation - Notable stocks with high deviation rates include: - Aerospace Information (600271) with a deviation rate of 8.95% and a price increase of 10.00% [1] - Great Wall Electric (600192) with a deviation rate of 8.62% and a price increase of 10.02% [1] - Tiankang Biological (002100) with a deviation rate of 6.61% and a price increase of 7.35% [1] Stocks Just Above the Half-Year Line - Stocks with smaller deviation rates that have just crossed the half-year line include: - Xusheng Group (300743) with a deviation rate of 4.74% and a price increase of 7.98% [1] - Zhenxin Technology (688600) with a deviation rate of 3.68% and a price increase of 10.09% [1] - Xingye Technology (002674) with a deviation rate of 3.61% and a price increase of 10.01% [1] Additional Stocks with Positive Movement - Other stocks showing positive movement include: - Dajia Weikang (301126) with a price increase of 6.55% and a deviation rate of 3.37% [1] - Beiken Energy (002828) with a price increase of 5.04% and a deviation rate of 3.20% [1] - Huide Technology (603192) with a price increase of 3.96% and a deviation rate of 2.94% [1]