Matters: Leaders of Jingxin Communications shared the latest developments in the industry and the company with investors at the Guoxin Securities TMT Strategy Conference. The following is the full text of the minutes. Comment: With the initial construction of “Zhuhai-1”, the satellite big data business potential is huge. Maintaining the “buy” rating, the company is a leading company in the field of satellite remote sensing, with core technology from aerospace core chip design to satellite terminal development. With the smooth launch and initial operation of its own satellite constellation “Zhuhai-1”, the company already has satellite big data service capabilities, and is expected to set a project benchmark in Zhuhai and open up a business model for satellite big data services. We expect the company to enter a stage of rapid development. The company's net profit in 2018-2019 was 16/220 million yuan respectively, corresponding to a price-earnings ratio of 38/28 times, maintaining a “buy” rating. Risk warning: risk of industry development falling short of expectations; risk of project expansion falling short of expectations