On August 2, the company released a simplified equity change report. From July 15 to August 1, Grigin Investment increased its holdings of Obit shares by 35,107,969 shares through the Shenzhen Stock Exchange centralized bidding system and bulk transactions, accounting for 5% of Obit's total share capital. After this equity change is completed, Gree Gold has plans to continue to increase its holdings of Orbit within the next 12 months. Commenting on Gree Gold Investment's strategic shareholding. The company released a simplified equity change report. From July 15 to August 1, the company released a simplified equity change report. From July 15 to August 1, Gree Gold increased its holdings of Obit shares by 35,107,969 shares, accounting for 5% of Orbit's total share capital. Of these, 22.73 million shares were purchased through pooled bidding. The average transaction price was 11.05 yuan/share, and the average transaction price was 10.01 yuan/share through bulk trading. The overall average transaction price is 10.58 yuan/share. Zhuhai Gree Group Co., Ltd., the controlling shareholder of Gree Gold Investment, is optimistic about Orbit's future development prospects and intends to take a strategic stake in Orbit, so Gree Gold Investment is increasing its holdings in Orbit through the secondary market. Following the completion of this equity change, Grigin Investment plans to continue to increase its holdings of Orbit over the next 12 months. Satellite big data was launched in Zhuhai, and state-owned entry is expected to help the company's business development company to receive the “Notice of Winning Bid” on June 6, confirming that the company was the winning bidder for the “One Map of Green Water and Green Mountains” project in Zhuhai. The contract amount for the project was RMB 83.623,300. The project will build a remote sensing monitoring data product service system based on the “Smart Zhuhai Comprehensive Service Platform” and existing achievements, combined with remote sensing data collection, processing and service. The main contents include: ① providing satellite remote sensing (multi-spectral, hyperspectral, radar) images, complemented by aerial photography; ② supporting business customization, designing corresponding data collection methods and collection platform combinations for specific needs to meet specified data standards; ③ Timely response system, based on domestic remote sensing satellite constellations, using online service platforms and professional operation teams to directly connect with government departments to ensure timeliness Delivery. The company won the bid for the “One Map of Green Water and Green Mountains” project, which is an important achievement of strengthening market expansion and implementing satellite big data applications since the implementation of the company's “satellite big data” strategy. It has pioneered a new model of satellite big data application services, and is of positive significance for the subsequent promotion of data applications. The company will rely on the implementation of this “One Map of Green Water and Green Mountains” project to create and form a model demonstration of satellite big data application services, strengthen promotion and application efforts in Guangdong Province and other provinces and cities, and enhance the company's profitability. Gree Gold invests strategically in the company, which is expected to boost the company's business development. The “Zhuhai-1” remote sensing satellite constellation is becoming more and more perfect, and hyperspectral remote sensing satellites are widely used. In November 2014, the State Council issued the “State Council's Guiding Opinions on Innovating Investment and Financing Mechanisms in Key Areas to Encourage Social Investment”, which proposed: “Encourage private capital to participate in the construction of the country's civil space infrastructure. The company proposed a “satellite big data” strategy in 2014, making full use of its advantages, and continuously improving the industrial layout through capital operations. It successively acquired three companies, Boya Information, Huiyu Intelligence, and Zhijian Electronics. In 2018, it successfully raised 1,082 million dollars for the “Zhuhai-1” remote sensing micro-nano satellite constellation project. Currently, 7 satellites are in orbit. The company focuses on developing hyperspectral remote sensing satellites, filling the gaps in domestic commercial hyperspectral satellite remote sensing data. Hyperspectral remote sensing technology has the unique advantages of high spectral resolution and map integration. Compared with traditional remote sensing, it can obtain more spectral spatial information and can provide a wider range of applications in Earth observation and environmental surveys. The main advantages are reflected in the fact that the ability to distinguish and recognize objects has been greatly increased, and the number of imaging channels has greatly increased, making it possible to transform remote sensing from qualitative analysis to quantitative or semi-quantitative measurements. Globally, hyperspectral remote sensing data is scarce. The company's “Zhuhai-1” is the first hyperspectral constellation in China. A hyperspectral remote sensing data conference was held at the end of 2018, indicating that the company's satellite big data can officially provide commercial services, and there is broad scope for future applications. The aerospace electronics business has outstanding advantages, and the military and industrial application markets are in strong demand. The company is a leader in the domestic SoC chip industry and a pioneer in SIP three-dimensional packaging. In 2003, the company launched the S698, the basic chip with the SPARC architecture, breaking foreign monopolies. After years of development and accumulation, the company serialized the S698 product series in 2010, launched the SIP-MEM product in 2011, and built the first digital production line for SIP three-dimensional packaging modules/systems that meet aerospace standards in Asia. The main products include high-capacity data memories, computer system modules, and composite electronic system modules. The company's aerospace electronics products are widely used in aerospace, electronics, nuclear industry, weapons, ships, measurement and control, industrial control and other fields. The company gives full play to the advantages of advanced technology, autonomy and control in SoC, SIP and other series of products, seizes market opportunities, promotes product verification and certification, and continues to pass military qualification certification reviews. In the future, the share of the company's aerospace electronics products in the aerospace and defense industries and their influence at home and abroad are expected to continue to increase. Profit forecasting and investment suggestions: Satellite big data application space is broad, maintaining the “gain” rating as the flagship enterprise of China's high-end aerospace processor SoC and pioneer of three-dimensional packaged SIP aerospace modules/systems, and has a leading position in the industry; the company targets future industry trends and national policy orientations, lays out remote sensing satellite big data business, and has broad future market space. The company's net profit from 2019 to 2021 is estimated to be 219, 294, and 386 million yuan, respectively, with year-on-year increases of 130.29%, 34.55%, and 31.37%, respectively. The corresponding EPS for 19 to 21 was 0.31, 0.42, and 0.55 yuan, respectively. Corresponding to the current share price PE is 36, 26, and 20 times, respectively, maintaining an “increase” rating.