Sunhope Shares (002565.SZ): Guidao Chenguang's "Tianshi Tiansuan" business may only have clear commercial value within the next 5 years

Gelonghui, March 18 — Shunhao Co., Ltd. (002565.SZ) announced an abnormal stock trading fluctuation notice. The company is currently only an investor holding shares in Guidao Chen Guang. The company’s existing business has no synergistic effects with Guidao Chen Guang’s business. In a certain period, the company’s main business will not undergo significant changes; Guidao Chen Guang’s business is affected by macroeconomic, industry policy, and market environment changes, and also faces risks such as longer industrialization and commercialization cycles and the possibility of not meeting expectations. Guidao Chen Guang’s “Tian Shu Tian Suan” business may only have clear commercial value within the next five years, and the “Di Shu Tian Suan” business of space data centers may only gradually gain competitive advantages over ground data centers in 5-10 years. During this process, Guidao Chen Guang may also face intense competition from industry peers. Space data centers face obstacles such as strong radiation, difficult orbital maintenance, debris hazards, and regulatory issues related to data governance and space traffic, among others. These factors may cause delays and lower-than-expected progress and benefits in project commercialization.

The above investment matters have no synergy with the company’s existing business and have little impact on the company’s operating performance. The related industry is still in the early stages of development, and future returns are highly uncertain. Guidao Chen Guang is still a startup and has not yet achieved profitability, which may impact the company’s profits and losses in the future.