M&S ELECTRONICS: Granted 671,700 restricted shares to 53 incentive recipients

M&S ELECTRONICS announced that the third meeting of the fifth board of directors will be held on October 23, 2025, to review and approve the proposal to reserve the grant of restricted stock to the incentive recipients of the 2025 restricted stock incentive plan. The company will set October 23, 2025, as the grant date to award 671,700 shares of restricted stock to 53 incentive recipients, with a grant price of 19.36 yuan per share. Directors Liu Rong, Mao Ganglie, and Qin Guangquan are incentive recipients and abstained from voting. The voting result was 4 votes in favor, 0 votes against, and 0 votes abstained

The A-share satellite navigation sector surged at the beginning of the trading session, with ELECSPN and StarNeto both hitting the daily limit, Joyware rising over 10%, and YCIG, China Spacesat, West Test, M&S ELECTRONICS, and Shengbang Security following suit

M&S ELECTRONICS: Controlling shareholder Xiang Rong intends to transfer 6.25% of shares through an agreement

M&S ELECTRONICS announced that its controlling shareholder, Rong and its concerted parties, intend to transfer 10.5 million shares by agreement, accounting for 6.25% of the total share capital. The transfer price is 30.9 yuan per share, totaling 324 million yuan. The transferee, Sichuan Development Leading Capital Management Co., Ltd., has committed not to reduce its holdings within 18 months. This equity change does not trigger a mandatory takeover offer, and the controlling shareholder and control rights remain unchanged. The transaction is subject to review by the Shanghai Stock Exchange

Great Wall Securities: The satellite internet industry is intensively catalyzing, and we continue to be optimistic about investment opportunities in various segments of commercial aerospace

Great Wall Securities released a research report indicating that the satellite internet industry is experiencing intensive catalysis, especially against the backdrop of accelerated construction of low Earth orbit satellite constellations. The "Guiding Opinions" issued by the Ministry of Industry and Information Technology clarifies the development direction of satellite internet, supporting direct satellite services for low Earth orbit satellite internet and telecommunications operators. It is expected that by 2030, the satellite communication management system will be further improved, promoting innovation and development in the industry chain. Great Wall Securities is optimistic about related investment opportunities

M&S ELECTRONICS: Net loss of 37.1329 million yuan in the first half of 2025

M&S ELECTRONICS announced that in the first half of 2025, operating revenue was 120 million yuan, a year-on-year increase of 49.74%. The net loss attributable to shareholders of the listed company was 37.1329 million yuan, compared to a net loss of 43.0393 million yuan in the same period last year