The China Satellite Navigation System Management Office issued the "Beidou Satellite Navigation System Development Plan Before 2035", planning to complete the construction of the next-generation BeiDou system in 2035. At the company level, many A-share companies are actively developing related businesses around the Beidou system.

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The next-generation Beidou system is planned to be completed in 2035

On November 28, the China Satellite Navigation System Management Office organized a symposium in Beijing to commemorate the 30th anniversary of the construction of the Beidou Satellite Navigation System Project, and issued the "Beidou Satellite Navigation System Development Plan Before 2035" (hereinafter referred to as the "Development Plan"), making it clear that on the basis of ensuring the stable operation of the Beidou-3 system, China will build a next-generation Beidou system with more advanced technology, more powerful functions and better services.

According to the data, the Beidou system is a global satellite navigation system independently built and operated independently by China, compared with other global satellite navigation systems that adopt a single orbit constellation configuration, the "hybrid" constellation is a unique "Chinese plan" - Beidou-2 is the first to take geostationary orbit and inclined geosynchronous orbit satellites as the backbone, and has a hybrid constellation of medium orbit satellites. BDS-3 is composed of 24 medium-circle orbit satellites, 3 geostationary orbit satellites, and 3 inclined geosynchronous orbit satellites, providing a new paradigm for the construction of a global satellite navigation system.

The "Development Plan" points out that China plans to complete the key technology research of the next-generation Beidou system in 2025; Around 2027, three pilot test satellites will be launched to carry out the test of the next generation of new technology system; Around 2029, the launch of the next-generation Beidou system networking satellite will begin; The construction of the next-generation Beidou system will be completed in 2035.

According to Yang Changfeng, chief designer of the Beidou satellite navigation system project and academician of the Chinese Academy of Engineering, the next-generation Beidou system is characterized by "accurate and credible, casual access, intelligence, networking, and flexibility", and will provide global users and other positioning, navigation and timing systems with meter-level to decimeter-level real-time high-precision and high-integrity navigation and positioning timing services covering open space on the surface and near-earth space.  

Xie Jun, a researcher at Aerospace Science and Technology Group Co., Ltd. and deputy chief designer of Beidou Satellite Navigation System Engineering, said that the next-generation Beidou system will optimize the constellation architecture, form a hybrid constellation of high, medium and low orbits, comprehensively improve the accuracy and autonomous operation ability of the space-time datum, and continue to improve service performance.

In addition, the next-generation Beidou system will also build an integrated and efficient integrated ground system to achieve elastic resource scheduling, data sharing and use, and business continuity. All kinds of user terminals covering the surface to deep space, as well as various user terminals integrated with other positioning and navigation timing methods that do not rely on satellites, realize multi-scenario, high-precision and intelligent use of users.

Listed companies are actively leveraging the Beidou system for development

From the perspective of the company, many listed companies have actively carried out relevant business layouts based on the Beidou satellite navigation system to enhance the company's market competitiveness.

Henan Siwei Automation Equipment Co., Ltd. (stock abbreviation: Siwei Train Control; Stock Code:603508. SH) said in the announcement on November 29 that since 2024, the company's three major businesses, including train control system, security system, and high-speed rail operation monitoring, have innovated, and new products such as LKJ train control wireless data replacement system, LSP system, high-speed rail mobile video, and high-speed rail JRU are accelerating the promotion, and technological upgrades such as 5G communication and Beidou system have been launched one after another, and major projects such as train intelligent driving systems and smart stations have been implemented in local railway customers.

Aerospace Science and Technology Holding Group Co., Ltd. (stock abbreviation: Aerospace Science and Technology; Stock Code:000901. SZ) disclosed in the record of investor relations activities on November 18 that the company has independently developed Beidou key operating vehicle networking joint control, network freight (car-free carrier) smart logistics and other Internet of Vehicles service software. At the same time, the "whole-process supervision platform for road transportation of hazardous chemicals" developed by the company based on Beidou big data has realized the large supervision pattern of "networked supervision, precise supervision, efficient supervision and collaborative supervision" of the whole process of road transportation of hazardous chemicals by multiple departments in Shandong Province, which has a good demonstration effect and promotion foundation.

China Dongfanghong Satellite Co., Ltd. (stock abbreviation: China Satellite; Stock Code:600118. SH) pointed out at the third quarter of 2024 results briefing on November 14 that in order to improve its core competitiveness, the company continues to focus on technology and product iteration innovation and investment in satellite development, satellite application technology and equipment manufacturing, satellite application services, etc., and carries out layout and breakthroughs in business fields such as communication terminal applications and communication and remote integrated applications. Development of civil aviation Beidou airborne equipment, etc.

Hunan Xiangyou Technology Co., Ltd. (stock abbreviation: Xiangyou Technology; Stock Code:600476. SH) pointed out in the 2024 semi-annual report that Xiangyou Technology has independently developed the "Single Beidou Vehicle Series Positioning Intelligent Terminal", which fully meets the technical requirements of the Ministry of Transport for the research and development of single Beidou satellite positioning terminals in recent years, and successfully landed the "Beidou Postal Logistics Field Application Demonstration Project".

Aerospace Hongtu Information Technology Co., Ltd. (stock abbreviation: Aerospace Hongtu; Stock Code:688066. SH) said in the announcement on September 5 that the company has built an aerospace information twin in the form of a smart earth based on the self-developed PIE-Engine spatio-temporal cloud computing platform, bringing together scientific data of earth observation in multiple fields such as aerospace remote sensing, Beidou navigation, meteorology and hydrology, and providing comprehensive analysis and application services of spatio-temporal information in multiple phases, full spectrum and various elements for customers of different categories, different levels, different regions and different needs such as government enterprises and institutions at all levels, users in special industries, large, medium and small enterprises.

Zhongke Xingtu Co., Ltd. (stock abbreviation: Zhongke Xingtu; Stock Code:688568. SH) 2024 semi-annual report shows that the company builds a spatio-temporal data model based on Beidou grid code, combined with spatio-temporal computing power, to achieve the integration of petabyte-level basic spatio-temporal data and industry-specific spatio-temporal data. At the same time, the company continuously upgrades the compatibility of data models, improves the performance of data calculation, analysis, and query, realizes the reading, analysis, and release of compact tile data and third-party services, and can quickly respond to the real-time query business needs of massive data (rights protection).

Shanghai CTI Navigation Technology Co., Ltd. (stock abbreviation: CTI Navigation; Stock Code:300627. SZ) Resources & Utilities mainly provides high-precision navigation and positioning services for customers in agriculture, forestry and public utilities. Relying on core technologies such as mechanical automatic control technology and high-precision integrated navigation algorithm, based on GNSS integrated navigation and positioning technology, the company has developed Beidou agricultural machinery automatic navigation control system, satellite leveling system, agricultural machinery production information management platform, land leveling solution, intelligent spray control solution, etc., aiming at the application environment of high-precision navigation and automatic control of agricultural machinery in the professional market field to meet the universal requirements of agricultural machinery operation. Promote the improvement of agricultural operation efficiency, cost reduction, and yield increase.