Securities Code: 002829
Securities Abbreviation: Star Net Yuda
Announcement Number: 2026-046
Beijing Star Net Yuda Technology Co., Ltd.
Announcement on Abnormal Stock Trading Fluctuations and Clarification and Risk Warning
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or major omissions.
Key Information Prompt
Beijing Star Net Yuda Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") stock (Securities Abbreviation: Star Net Yuda, Securities Code: 002829) experienced consecutive daily limits for two trading days on July 9, 2026, and July 10, 2026. As of the close of trading on July 10, 2026, the Company's stock closed at RMB 19.50 per share. The short-term fluctuation range is relatively large, and investors are kindly reminded to pay close attention to the risks of trading in the secondary market.
On July 9, 2026, the Company disclosed its "2026 Half-Year Performance Forecast" (Announcement Number: 2026-045), which predicts a net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB 90 million and RMB 120 million.
The Company hereby solemnly clarifies: The aforementioned profit mainly comes from investment income generated from the Company's external investment projects. Preliminary calculations indicate that the impact on the current period's profit is approximately RMB 140 million. This income is considered non-recurring, and its sustainability is not guaranteed. The Company's operating revenue for the current period has decreased year-on-year, and it is still loss-making after deducting non-recurring items.
The Company hereby solemnly clarifies: As of the disclosure date of this announcement, the operating revenue of the Company's satellite communication business in 2025 accounted for 12.33% of the Company's total operating revenue. This is not related to the recent market attention on the technological breakthrough in the sea recovery of the Long March 10 rocket. The Company did not participate in the research and development or supporting supply for this project.
The Company is not undergoing cross-industry transformation or major industrial investments. The fields of low-altitude economy, low-orbit internet, autonomous driving, and anti-drone technology, which are currently receiving market attention, have not yet generated substantial revenue. The overall scale is small, accounting for less than 5% of revenue, and has no impact on the Company's short-term operating performance. The prospects for business expansion are uncertain.
On March 20, 2026, the Company received a regulatory letter from the Shenzhen Stock Exchange (Regulatory Letter from the Company Department (2026) No. 34) due to an error in the reporting of investment income from an associate in the Company's third-quarter report for 2025, where items that should have been classified as non-recurring gains were disclosed as recurring gains. This has since been corrected. The Company hereby reminds investors to prudently evaluate the sustainability of investment income.
I. Explanation of Abnormal Stock Trading Fluctuations
The Company's stock experienced consecutive daily limits on July 9, 2026, and July 10, 2026, with a cumulative increase of over 20% in the closing price over two consecutive trading days. According to the "Trading Rules of the Shenzhen Stock Exchange," this constitutes abnormal stock trading fluctuations.