The Zhitong Finance App learned that on April 11, Aerospace Hongtu (688066.SH) released its 2023 annual report. According to the latest shareholder list, Ge Weidong's Chaos Investment appeared in the top ten shareholder list, adding more than 5.77 million shares, making it the 7th largest shareholder, holding 2.21% of the total share capital.

It is worth mentioning that on October 12, 2023, Liu Gaochang, assistant director of Guosheng Securities Research Institute, retweeted the research report “Aerospace Hongtu: Leading Remote Sensing Satellite Application Leader, Second Growth Curve” in his circle of friends. Ge Weidong immediately left a message: Why did it plummet after being pushed?

As a result, rumors about Ge Weidong building a warehouse for Aerospace Hongtu duvet are also circulating in the market. As can be seen from the latest list of shareholders, this rumor is basically true.

Judging from the stock price performance, Aerospace Hongtu fell by more than 17% in the fourth quarter of 2023. Since October 8, 2023, Aerospace Hongtu has fallen by more than 56%. As of the close of trading on April 11, Aerospace Hongtu's stock price was 22.09 yuan/share, with the latest market value of 5.77 billion yuan.

Recently, however, due to the company's involvement in the concept of a low-altitude economy, Aerospace Hongtu's stock price also showed some performance. The stock price surged 20% on March 28 and continued to rise by 12.94% on March 29.

Aerospace Hongtu said on the investor interactive platform that in 2023, the company's drone products will account for about 4% of revenue. Relying on advanced technologies such as AI, the Internet of Things, and remote sensing, the company's drones aim to create low-altitude intelligent low-cost operating systems to empower industries and fields such as land resources, emergency response, environmental protection, and water conservancy. The company is continuously improving the drone industry chain and developing low-altitude flight support and low-altitude information services through the comprehensive advantages of drones, Beidou, and meteorology.

According to data, Aerospace Hongtu is based in the field of domestic satellite applications and operation services, and is also a spatio-temporal data element collection service provider. It grasps upstream remote sensing data sources by launching satellites and investing in the construction of the Nu Constellation. It is the only listed company in China that has a commercial radar satellite constellation, has completely autonomous and controllable aerospace data sources, and its business covers the entire upper, middle and downstream industry chain in the field of satellite applications.

According to the latest disclosed performance information, in 2023, Aerospace Hongtu achieved revenue of 1,819 billion yuan, a year-on-year decrease of 25.98%; a loss of 374 million yuan. After adjustment for the same period last year, it was 264 million yuan, turning a year-on-year loss.

Regarding the decline in performance in 2023, Aerospace Hongtu said that the company's customers are mainly concentrated in the government, large state-owned enterprises and special fields. Due to pressure from the macroeconomic environment and the suspension of the company's bidding qualifications on the military procurement network, the bidding process for some projects was delayed, and the amount of new orders signed by the company declined; at the same time, due to delays in acceptance of some projects, the company's revenue declined year-on-year.