格隆汇1月22日丨航天动力(600343.SH)在投资者互动平台表示，公司不从事发射火箭业务。 ...

证券日报网讯1月21日，航天动力（600343）在互动平台回答投资者提问时表示，公司配套客户主要有 西安航天发动机有限公司。 ...

从资金流向上来看，当日国企改革板块主力资金净流出8.59亿元，游资资金净流出14.21亿元，散户资金 净流入22.8亿元。国企改革板块个股资金流向见下表： 证券之星消息，1月21日国企改革板块较上一交易日下跌0.16%，航天动力领跌。当日上证指数报收于 4116.94，上涨0.08%。深证成指报收于14255.12，上涨0.7%。国企改革板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Market Overview - The Shanghai Composite Index rose by 0.08% on January 21, with 18 out of the 28 sectors experiencing gains, led by the non-ferrous metals and electronics sectors, which increased by 2.79% and 2.62% respectively [1] - The mechanical equipment sector ranked third in terms of daily gains [1] - The banking and coal sectors saw the largest declines, with decreases of 1.58% and 1.57% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets was 11.983 billion yuan, with 14 sectors experiencing net inflows [1] - The electronics sector had the highest net capital inflow, amounting to 16.369 billion yuan, while the non-ferrous metals sector followed with a net inflow of 7.289 billion yuan [1] Mechanical Equipment Sector Performance - The mechanical equipment sector increased by 1.50% with a net capital inflow of 2.1 billion yuan, comprising 531 stocks, of which 405 rose and 112 fell [2] - Among the stocks in this sector, 247 experienced net capital inflows, with 14 stocks seeing inflows exceeding 100 million yuan [2] - The top three stocks with the highest net inflows were: - Jieli Rigging: 555.9 million yuan, up 10.03% - Hengli Hydraulic: 386.2 million yuan, up 5.43% - Yingweik: 285.0 million yuan, up 3.18% [2] Mechanical Equipment Sector Capital Outflow - The mechanical equipment sector also had stocks with significant capital outflows, with 6 stocks experiencing outflows exceeding 100 million yuan [3] - The top three stocks with the highest net outflows were: - Liou Shares: -242.9 million yuan, down 10.00% - Aerospace Power: -206.6 million yuan, down 9.68% - Raycus Laser: -183.4 million yuan, down 2.57% [3]

Group 1 - The core viewpoint is that China's commercial space industry is experiencing rapid development, with projections for 2025 indicating 50 launches, accounting for 54% of the total national space launches [1] - In 2025, commercial rockets are expected to complete 25 launches, and the Hainan commercial space launch site will have conducted 9 launches, totaling 10 since its establishment [1] - A total of 311 commercial satellites are projected to be placed into orbit, representing 84% of the total satellites launched in China [1] Group 2 - The commercial space industry is entering a golden era driven by both demand and supply, with recommendations to focus on structural component suppliers such as Aerospace Power, Srey New Materials, and others [1] - In satellite manufacturing, the focus is on low Earth orbit satellites and related infrastructure, with suggested companies including China Satellite and Aerospace Electronics [1] - The upstream and midstream sectors, particularly subsystems and materials supporting satellite mass production, are expected to benefit first, with companies like Zhenlei Technology and Guangwei Composites highlighted [1] Group 3 - In 2026, the domestic commercial space sector is anticipated to experience a "triple resonance" of policy, technology, and capital, making it highly promising [2] - Beneficiary companies in the rocket industry chain include Aerospace Power, Western Materials, and others [2] - In the satellite industry and space computing, recommended companies include Zhongke Xingtou, Aerospace Hongtu, and several others [2]

航天动力今日跌9.68%，龙虎榜数据显示，上榜营业部席位全天成交44157.72万元，占当日总成交金额 比例为13.22%。其中，买入金额为22048.73万元，卖出金额为22108.99万元，合计净卖出60.26万元。具 体来看，中信证券股份有限公司上海分公司、沪股通专用分别买入11530.33万元、4215.37万元；东方财 富证券股份有限公司拉萨团结路第二证券营业部、中信证券股份有限公司上海浦东新区东方路证券营业 部分别卖出6190.66万元、5743.32万元。 ...

Investment Rating - The report maintains an "Outperform" rating for the commercial aerospace industry [1] Core Insights - The aerospace sector is transitioning from being viewed as a "cost center" driven by national will to a "growth engine" driven by commercial demand, with significant investments and strategic planning from both the US and China [6][9] - The global aerospace economy is projected to reach $613 billion in 2024, with commercial aerospace contributing 78%, and is expected to exceed $1 trillion by 2032 [6][9] - The value chain of commercial aerospace is divided into five core levels: "space, ground, terminal, rocket, and application," each presenting unique market opportunities and technical challenges from 2026 to 2030 [10][29] Summary by Sections 1. Space: Satellite Manufacturing - The satellite manufacturing market in China is expected to grow from approximately 7.1 billion yuan in 2025 to about 39.4 billion yuan by 2030, reflecting a shift from sporadic research models to continuous, batch engineering deliveries [16][18] 2. Ground: Ground Systems - The ground systems market is projected to increase from around 1.2 billion yuan in 2025 to approximately 39.1 billion yuan by 2030, evolving from a supporting role to a core infrastructure essential for stable satellite constellation operations [21][22] 3. Terminal: Key Variable for Commercial Aerospace - The terminal market is anticipated to grow from 500 million yuan in 2025 to about 141.9 billion yuan by 2030, driven by multiple vertical industries and potential consumer scenarios [23][24] 4. Rocket: Core Constraint - The cost of rocket launches is a critical constraint, with reusable technology expected to reduce costs by 80%-90% compared to traditional expendable rockets. The market for rocket launch services is projected to grow from approximately 10.7 billion yuan in 2025 to about 34.3 billion yuan by 2030 [25][26] 5. Application: Final Value Realization - The application market is expected to expand from 200 million yuan in 2025 to 525 billion yuan by 2030, with the revenue share from applications projected to rise from single digits to over 67% by around 2030 [27][28] 6. Investment Opportunities - Investment opportunities in commercial aerospace can be categorized into three main tracks: 1. Launch and manufacturing segments, which are expected to benefit directly from increased orders and visibility 2. Core components and systems, characterized by high technical barriers and critical for long-term competitiveness 3. Downstream applications and operational services, which, while currently limited in scale, hold the greatest long-term potential for value realization [29][30]

南方财经1月21日电，商业航天板块走弱，航天动力触及跌停，航天南湖、航天机电、航天发展、锐科 激光、中国卫通、乐凯胶片等跟跌。 ...

Group 1 - The commercial aerospace sector is experiencing a downturn, with significant declines in stock prices [1] - Aerospace Power has hit the daily limit down, indicating severe market pressure [1] - Other companies such as Aerospace Nanhu, Aerospace Mechatronics, Aerospace Development, Ruike Laser, China Satellite Communications, and Lucky Film have also seen their stock prices drop in tandem [1]

证券日报网讯1月20日，航天动力（600343）在互动平台回答投资者提问时表示，公司子公司航天元新 增资已完成，目前工商变更登记正在办理。 ...