Group 1 - The core viewpoint of the news is that SuperMap Software has shown a positive stock performance with a 6.01% increase year-to-date and a 2.04% increase on December 31, reaching a stock price of 18.00 CNY per share [1] - As of December 19, SuperMap Software reported a revenue of 968 million CNY for the period from January to September 2025, reflecting a year-on-year growth of 2.02%, and a net profit attributable to shareholders of 42.96 million CNY, which is a significant increase of 63.29% year-on-year [2] - The company has a market capitalization of 8.87 billion CNY and a trading volume of 1.30 billion CNY on December 31, with a turnover rate of 1.66% [1] Group 2 - SuperMap Software's main business involves the research and sales of Geographic Information System (GIS) platform software, which constitutes 98.83% of its revenue, with the remaining 1.17% from other supplementary services [1] - The company has distributed a total of 298 million CNY in dividends since its A-share listing, with 49.28 million CNY distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include Jin Ying Technology Innovation Stock A, which increased its holdings by 2.20 million shares, and Hong Kong Central Clearing Limited, which is a new entrant among the top ten shareholders [3]

Core Viewpoint - ChaoTu Software's stock price has experienced fluctuations, with a current price of 17.59 yuan per share and a market capitalization of 8.668 billion yuan, reflecting a year-to-date increase of 3.59% and a recent five-day increase of 5.33% [1] Financial Performance - For the period from January to September 2025, ChaoTu Software achieved a revenue of 968 million yuan, representing a year-on-year growth of 2.02%. The net profit attributable to shareholders was 42.96 million yuan, showing a significant increase of 63.29% year-on-year [2] Shareholder Information - As of December 19, 2025, the number of shareholders for ChaoTu Software stood at 42,000, with an average of 10,439 circulating shares per person, indicating no change from the previous period [2] - The company has distributed a total of 298 million yuan in dividends since its A-share listing, with 49.28 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, Jin Ying Technology Innovation Stock A (001167) is the third-largest circulating shareholder with 7.1709 million shares, an increase of 2.2 million shares from the previous period. Hong Kong Central Clearing Limited is a new entrant among the top ten shareholders, holding 4.8166 million shares [3]

证券日报网讯12月29日，超图软件（300036）在互动平台回答投资者提问时表示，1、强自主优势。超 图软件是我国安全可控、自主GIS软件的优秀代表，是GIS信创领域的领军企业(信创工委会WG17地理 信息组组长)。公司在信创领域拥有深厚的技术积累，并进行了全面布局和深入实践，打造"强自主、真 信创"的行业体系。2、技术优势。目前公司的技术水平处于国际领先地位，市场份额自2015年以来稳居 国内第一。3、行业理解优势。公司一直深耕与空间信息相关的技术和应用，已经有了深厚的行业理解 及丰富的行业经验，具备很强的空间信息融合或打通其他信息的能力。4、生态优势。GIS基础软件在 产业链处于承上启下的位置，也是行业的技术制高点，使得超图可以构建整个行业的生态圈，已构建了 全球目前唯二的成熟GIS生态圈。5、组织优势。公司在全球设置9个大区和5条产品线/BU，并形成前者 为横线、后者为纵线的矩阵交叉，大幅提升公司组织能力，进一步提升公司整体竞争力，实现公司未来 业务高质量的发展。6、标准优势。公司多次参与全国地理信息标准化技术委员会、国家测绘局、自然 资源部、工业和信息化部等众多部门的技术规范制定，牵头或参与制订了近5 ...

Investment Rating - The industry investment rating is "Outperform" [1] Core Insights - The report emphasizes the transition from a "one-time" era to a reusable rocket model, reshaping the commercial aerospace sector. China has elevated commercial aerospace to a strategic level, planning a constellation of thousands of satellites to compete in the space economy. The industry is following the low-cost, high-frequency technology paradigm validated by SpaceX's Falcon 9, with costs potentially dropping below $1,000/kg as operational capacity increases [2][3][4] - The next phase for commercial aerospace is the industrialization of space computing power. With breakthroughs in reusable rockets and mass manufacturing, the sector is entering a scalable era, focusing on commercial pathways for space computing power, which is gaining attention due to its low energy costs and minimal heat dissipation [2][3][4] Summary by Sections Section 1: Transition to Reusable Rockets - The report discusses the policy elevation of commercial aerospace in China, marking a new development stage with significant government support and strategic planning [10][11] - Key challenges include high costs, low launch frequency, and limited payload capacity, which are being addressed through advancements in reusable rocket technology and industrial production [15][21][23] Section 2: Industrialization of Space Computing Power - The report highlights the growing global demand for AI computing power and the limitations faced by ground data centers, positioning space computing as a high-value application area [2][3] - The cost structure of space data centers is analyzed, showing significant capital expenditure (Capex) advantages compared to ground facilities, with a ten-year total cost potentially being less than 50% of ground operations [2][3] Section 3: Investment Recommendations - The report suggests focusing on companies involved in commercial aerospace and space computing, including but not limited to StarMap Control, China Aerospace Science and Technology Corporation, and others [2][3][4]

Core Viewpoint - The company has developed an autonomous remote sensing intelligent interpretation model, which has been applied in various industries such as natural resources and water conservancy [2] Group 1: Company Developments - The company has entered the commercial aerospace sector by developing a remote sensing software processing platform and utilizing satellite remote sensing data [2] - The company is a leader in the GIS industry, possessing proprietary intellectual property rights for the SuperMapGIS platform software [2] Group 2: Technological Advantages - The company has technical advantages in remote sensing data processing, storage management, and application [2] - Collaborations with research institutions, satellite application centers, and aerospace enterprises have led to a series of explorations and applications in the aerospace field [2]

Core Viewpoint - The company, SuperMap Software, is entering the commercial aerospace sector by developing remote sensing software processing platforms and applying satellite remote sensing data [1] Group 1: Company Overview - SuperMap Software is a leader in the GIS industry and possesses proprietary intellectual property rights for its SuperMapGIS platform software [1] - The company has technical advantages in remote sensing data processing, storage management, and application [1] Group 2: Industry Engagement - The company has initiated a series of explorations and applications in the aerospace field through collaborations with research institutions, satellite application centers, and aerospace enterprises [1]

超图软件（300036.SZ）12月25日在投资者互动平台表示，公司目前没有在手机游戏、网络游戏方面布 局。公司高保真三维 GIS 产品开启了三维 GIS 与游戏引擎的跨界融合，将二三维一体化GIS的空间调度 管理和空间分析计算能力与游戏引擎的高保真可视化渲染能力结合，可以打造GIS+游戏的产品新生 态。 每经AI快讯，有投资者在投资者互动平台提问：公司在手机游戏、网络游戏方面有应用吗？ （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the news is that SuperMap Software has shown a slight increase in stock price and has reported a modest growth in revenue and significant growth in net profit for the year 2025 [1][2]. - As of December 24, SuperMap Software's stock price increased by 2.04% to 17.04 CNY per share, with a market capitalization of 8.397 billion CNY [1]. - The company has a primary business focus on the research and sales of Geographic Information System (GIS) platform software, which constitutes 98.83% of its main business revenue [1]. Group 2 - For the period from January to September 2025, SuperMap Software achieved an operating income of 968 million CNY, representing a year-on-year growth of 2.02%, while the net profit attributable to shareholders increased by 63.29% to 42.96 million CNY [2]. - The company has distributed a total of 298 million CNY in dividends since its A-share listing, with 49.28 million CNY distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders include Jin Ying Technology Innovation Stock A, which increased its holdings by 2.2 million shares, and Hong Kong Central Clearing Limited, which is a new shareholder [3].

Core Viewpoint - The company, SuperMap Software, is entering the commercial aerospace sector by developing remote sensing software processing platforms and applying satellite remote sensing data [1] Group 1: Company Overview - SuperMap Software is a leader in the GIS industry and possesses proprietary intellectual property rights for its SuperMapGIS platform software [1] - The company has technical advantages in remote sensing data processing, storage management, and application [1] Group 2: Industry Engagement - The company has initiated a series of explorations and applications in the aerospace field through collaborations with research institutions, satellite application centers, and aerospace enterprises [1]

Core Viewpoint - The company, SuperMap Software, is entering the commercial aerospace sector by developing remote sensing software processing platforms and applying satellite remote sensing data [1] Group 1: Company Overview - SuperMap Software is a leader in the GIS industry and possesses proprietary intellectual property for its SuperMap GIS platform software [1] - The company has technical advantages in remote sensing data processing, storage management, and application [1] Group 2: Industry Engagement - The company has initiated a series of explorations and applications in the aerospace field through collaborations with research institutions, satellite application centers, and aerospace enterprises [1]