Addsino Co., Ltd. Navigates a Dynamic Market Environment

Addsino Co., Ltd. (SZ:000547) is a Chinese information‑technology firm listed on the Shenzhen Stock Exchange, specializing in radar electronic systems, radio‑frequency simulation test systems, and military communications equipment. The company’s stock closed at 12.40 CNH on 20 November 2025, a level below its 52‑week high of 13.78 CNH and above its 52‑week low of 6.42 CNH. With a market capitalization of approximately 22.0 billion CNH and a price‑earnings ratio of –12.28, Addsino’s valuation reflects the broader uncertainty surrounding defense‑related stocks in the current market climate.

1. Satellite‑Internet Growth and Strategic Implications

On 22 November 2025, the Ministry of Industry and Information Technology announced the launch of a commercial satellite‑Internet trial that will run for two years. The trial aims to expand the supply of satellite communications, stimulate market activity, and establish a regulatory framework that supports the deployment of satellite‑IoT solutions across marine, logistics, energy, emergency communication, low‑altitude economy, and industrial‑IoT sectors.

The trial’s objectives align with Addsino’s core competencies in radar and electromagnetic protection. Satellite‑Internet projects require advanced radar and signal‑processing technologies to manage the large volumes of data generated by ground‑based and maritime assets. Addsino’s expertise in radar electronic systems positions it to supply key components for satellite‑ground stations and maritime monitoring platforms that will benefit from the new regulatory environment.

2. Market Performance and Investor Sentiment

The week of 17–21 November 2025 saw a broad decline across China’s major indices: the Shanghai Composite fell 3.90 %, the Shenzhen Component 5.13 %, and the ChiNext 6.15 %. Within this context, Addsino’s stock fell 1.63 % early in the day, consistent with the overall negative sentiment in the market.

Despite the market‑wide downturn, the defense sector remained an area of relative resilience. The week’s most highly traded defense‑related shares included Jianglong Shipyard, which rose 64.97 %, and other defense‑equipment stocks that experienced double‑digit gains. Addsino’s shares were traded at a volume that did not exceed the 100‑percent turnover threshold observed for the most liquid stocks that week. This suggests that while defensive buying was present, Addsino did not experience a significant influx of capital relative to its peers.

3. Financing Activity and Liquidity Position

During the same week, 771 stocks received net financing purchases above one million yuan, with 78 of those stocks enjoying net purchases exceeding one hundred million yuan. Among them, Ningde Times (NIO) led the financing activity with a net purchase of 2.117 billion yuan. Addsino was not listed among the securities that attracted significant leveraged funding, indicating that institutional investors maintained a cautious stance toward the company amid broader market volatility.

4. Recent Corporate Actions and Regulatory Updates

On 22 November 2025, a notice was filed on the CNINFO platform regarding a capital‑raising exercise by the parent company of a satellite‑Internet developer, which may influence the broader ecosystem in which Addsino operates. Although Addsino has not announced any specific plans for an equity issue or strategic partnership, the regulatory developments surrounding satellite‑IoT could create new collaboration opportunities with companies engaged in the commercial deployment of satellite networks.

5. Outlook for Addsino

  • Product Alignment – Addsino’s radar electronic systems and electromagnetic protection products are well positioned to support the expanding satellite‑IoT market, particularly in maritime and industrial applications that require robust signal integrity.
  • Market Dynamics – The current market environment remains challenging for defense‑related stocks. Investors are likely to monitor macro‑economic indicators and geopolitical developments that could affect defense procurement budgets.
  • Regulatory Landscape – The 2025 China 5G+ Industrial Internet Conference’s endorsement of satellite‑IoT commercial trials may accelerate demand for Addsin’s core technologies. The company should monitor policy releases for opportunities to secure contracts or participate in joint ventures.

Addsino’s financial fundamentals indicate a moderate valuation relative to earnings, reflecting the cyclic nature of defense spending. As the satellite‑IoT sector develops, the company’s technical capabilities could translate into new revenue streams, provided it navigates the prevailing market volatility and capitalizes on forthcoming regulatory support.