Beijing Starneto Technology (002829.SZ) announced that the company's stocks have deviated from the closing price for 2 consecutive trading days (July 12-15, 2024) with a cumulative deviation of 21.99%. According to the relevant provisions of the Shenzhen Stock Exchange Trading Rules, it is abnormal volatility in stock trading. The listed company reminds of risks:
The products of Beijing Starneto Technology can be widely used in both military and civilian markets. 2024 is an important year for the company to further promote high-quality development. The company will continue to enhance its core competitiveness, consolidate its market brand advantage, and further enhance its industry status and influence. To ensure sustainable development, the company will continue to increase its investment in civilian areas and seize the opportunities for development in three directions: low-altitude economy, low-orbit interconnection, and self-driving cars.
Regarding the devices, the company's satellite communication, inertial navigation, electro-optical pod, radar, and other technologies are all critical to self-driving cars. As for the whole vehicle, the company can provide technical support for self-driving cars in the direction of navigation, measurement and control, and can also achieve path planning, automatic tracking, and map self-construction functions, suitable for structured and unstructured roads.
The demand for inertial navigation and other products in the field of self-driving cars will have a positive impact on the company's future performance. However, there are still many uncertainties in the large-scale application of related products.
The company's overall sales volume was 18,000 kiloliters in 2023, with a year-on-year increase of 28.10%, a significant growth. In terms of product structure, the operating income of 10-30 billion yuan products were 401/1288/60 million yuan, respectively.