Beidou Institute's IPO on the science and technology innovation board has been inquired about, focusing on two major technology fields: satellite navigation and aerospace measurement and control.

On December 11th, Changsha Beidou Industry Safety Technology Research Institute Group Co., Ltd. (referred to as Beidou Institute) applied for the status change of the Shanghai Stock Exchange's Sci-Tech Innovation Board listing review to "under inquiry," with Zhongtai as its sponsor, planning to raise 709 million yuan. According to the prospectus, Beidou Institute focuses on the research, development, production, and sales of technologies and products in the fields of satellite navigation and aerospace measurement and control, gradually forming three major business directions: navigation simulation and testing, space security and enhancement, aerospace measurement and control testing. Based on the underlying common technology in the field of generating, measuring, and processing radio signals, the company has independently developed products such as navigation signal simulators, navigation simulation test systems, drone defense and control series products, satellite measurement and control ground inspection products, signal processing/signal generation/signal enhancement components. The main products in the navigation simulation and testing sector include navigation signal simulators and navigation simulation test systems, which are the company's major sources of revenue, contributing more than 50% of the revenue. The company requires a variety of raw materials, mainly including electronic components, accessories and related equipment, structural parts, modules and components, production raw materials and tools, etc. Besides procuring raw materials, the company also outsources services such as component screening, PCBA, structural part processing, third-party metrological testing, etc. to improve production efficiency or meet specific customer requirements. Key suppliers of the company include CETC group, C5 unit, Dalian Dongxin Microwave Technology Co., Ltd., Beijing Aerospace River Technology Development Co., Ltd., Hunan Everscan Electronics Technology Co., Ltd., etc. Customers include industries such as national defense and military industry, low-altitude safety, commercial aerospace, energy, transportation, education, etc. The funds raised from this public stock offering will be used for main business-related projects. The specific investment projects are as follows: Financially, in the fiscal years 2022, 2023, 2024, and January to June 2025, the company's operating income is expected to be approximately 243 million yuan, 285 million yuan, 325 million yuan, and 112 million yuan. During the same period, the net profits are estimated to be approximately 74.3456 million yuan, 78.8339 million yuan, 82.5939 million yuan, and 15.2374 million yuan.