证券之星消息，1月14日地面兵装板块较上一交易日下跌1.13%，北方导航领跌。当日上证指数报收于 4126.09，下跌0.31%。深证成指报收于14248.6，上涨0.56%。地面兵装板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | --- | | 002519 | 银河电子 | 11.46 | 9.98% | | 453.17万 | | 50.21亿 | | 688543 | 国科车工 | 75.47 | 2.74% | | 21.17万 | | 15.98亿 | | 300875 | 捷强装备 | 42.82 | -0.23% | | 5.21万 | | 2.24亿 | | 601606 | 长城军工 | 48.90 | -0.24% | 1 | 32.49万 | | 15.91亿 | | 300922 | 天奏装备 | 24.58 | -0.28% | | 7.37万 | | 1.82亿 | | 000519 | 中兵红箭 | 68'81 | -0.32 ...

（编辑 王雪儿） 证券日报网讯 1月13日，北方导航在互动平台回答投资者提问时表示，近期，部分网站、股吧将公司股 票纳入商业航天板块。公司从未发布过相关公告，且公司在商业航天领域无相关业务，也未取得相关订 单。 ...

(本文来自第一财经) 多只概念股昨日盘后公告，回应不涉及商业航天相关业务，今日开盘走低。北方导航、航天工程、航天 长峰跌停，航天动力跌超8%，星环科技跌超3%。 ...

Market Overview - The ground equipment sector experienced a decline of 4.46% on January 13, with Guoke Military leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable stock movements included: - Inner Mongolia First Machinery (600967) rose by 4.30% to a closing price of 20.38, with a trading volume of 1.6656 million shares and a turnover of 3.262 billion [1] - Guoke Military (688543) fell by 12.32% to 73.46, with a trading volume of 238,900 shares and a turnover of 1.765 billion [2] - Galaxy Electronics (002519) decreased by 9.15% to 10.42, with a trading volume of 4.8995 million shares and a turnover of 5.350 billion [2] Capital Flow Analysis - The ground equipment sector saw a net outflow of 2.035 billion from institutional investors, while retail investors had a net inflow of 1.778 billion [2] - The capital flow for individual stocks showed: - Inner Mongolia First Machinery had a net inflow of 1.73 billion from institutional investors, but a net outflow of 920.48 million from retail investors [3] - Guoke Military experienced a net outflow of 677.10 million from institutional investors, with a net inflow of 959.03 million from retail investors [3]

记者丨 李益文 编辑丨叶映橙 1月13日早盘，商业航天概念股跳水，航天环宇跌超12%，航天宏图、航天智装跌逾10%，北斗星通、中国卫通、航天电器跌停。 21财经《辟谣财知道》注意到， 市场传言东方电热（300217.SZ）作为液氧甲烷火箭发动机热管理龙头，2026年锁定航天业务订单8亿元。对 此，东方电热在今日互动平台明确表示，公司未生产相关产品。 公开资料显示，东方电热成立于1992年12月，是一家专业从事各类高性能电加热器研发与制造的高新技术企业，主营业务是设计、制造各类民 用、工业用电加热器，以及防爆电加热器产品、电气控制系统及动力锂电池用钢壳材料等， 2011年在深交所上市，被誉为"国内电加热第一 股"。 1月13日，东方电热开盘大涨2%后，持续下跌，截至发稿跌超1%报5.47元/股，总市值80.8亿元。 | 东方电热(300217) < □ = ರ | | --- | | 交易中 01-13 10:42:36 通 融 | | ５.４７ 额 1.72亿 股本14.78亿 市盈™ 42.86 万得 盟口 | | -0.10 - -1.80% 换 2.55% 市值 80.8亿 市净" 1.93 | | 0 ...

Core Viewpoint - The commercial aerospace sector is experiencing significant growth, prompting multiple A-share listed companies to issue risk warning announcements regarding business associations and valuation bubbles [2][4]. Company Summaries - **China Satellite (600118)**: The company's latest rolling P/E ratio and P/B ratio are significantly higher than the average level, indicating a serious deviation from fundamentals. Investors are advised to be cautious of secondary market trading risks [3]. - **Zhongke Xingtou (688568)**: The company acknowledges high market attention on its commercial aerospace business, which currently contributes 13.89% to overall revenue. The stock price surge is not aligned with actual business performance, posing a risk of significant deviation from fundamentals [3]. - **Aerospace Huanyu (688523)**: The stock price has significantly diverged from the market index, showing high volatility and speculative risks. The company may apply for a trading suspension if the stock price continues to rise abnormally [3]. - **Aerospace Development (000547)**: The revenue from its subsidiary involved in commercial low-orbit satellite operations is less than 1% of total revenue, indicating minimal impact on overall performance. The stock price has severely deviated from fundamentals and market indices, suggesting high speculative risks [3]. - **Aerospace Power (600343)**: The company does not engage in commercial aerospace as its main business and has no related assets, with revenue from related activities being less than 2% and currently in a loss state [3]. - **North Navigation (600435)**: The company has been incorrectly associated with the commercial aerospace sector by some websites, but it has no relevant business or orders in this field [3]. Industry Overview - The commercial aerospace sector has become a prominent market focus, with the China Satellite Industry Index rising by 85.12% since the fourth quarter of 2025, significantly outperforming the CSI 300 Index. Key stocks like China Satellite have surged over 215% [5]. - The sector's growth is supported by government policies, technological advancements, and capital influx, with commercial aerospace being recognized as a "new growth engine" in government reports [8][10]. - In 2025, there were 92 rocket launches, an increase from 68 in 2024, indicating a growing operational capacity in the sector [8]. - The total financing in the domestic commercial aerospace industry reached 18.6 billion yuan in 2025, a 32% increase year-on-year, highlighting strong capital support for the sector [9]. Fund Performance - As of January 12, 2026, commercial aerospace-themed funds have a total holding scale exceeding 240 billion yuan, with significant performance from satellite ETFs and commercial aerospace ETFs, which have seen returns of over 75% [11]. - Specific ETFs, such as the Fortune CSI Satellite Industry ETF, have achieved a total return of 35.43%, leading the market in performance [12]. Investment Trends - Active management funds are focusing on three core areas: satellite manufacturing and rocket launches, key components, and downstream application services, indicating a strategic approach to capitalize on the sector's growth [14][15].

Core Viewpoint - The commercial aerospace sector experienced a significant downturn on January 13, following a period of rapid growth, with many stocks in the sector dropping over 10% after multiple companies issued risk warnings [1][2]. Group 1: Market Reaction - As of January 13, at 9:57 AM, stocks in the commercial aerospace sector saw widespread declines, with key companies like Aerospace Zhizhuang (航天智装) and Platinum Special (铂力特) falling over 10% [1]. - Major stocks such as Aerospace Electronics (航天电子) and China Satellite Communications (中国卫通) hit their daily limit down, indicating a sharp market correction [1]. - The WenDe Commercial Aerospace Theme Index recorded a drop of 8.14%, closing at 3628.42, reflecting the overall market sentiment [4]. Group 2: Risk Warnings - On January 12, multiple companies, including Aerospace Hanyu (航天环宇) and Leike Defense (雷科防务), issued risk warnings, suggesting potential stock suspensions if prices continued to rise abnormally [1][2]. - Companies like Ligong Navigation (理工导航) and North Navigation (北方导航) acknowledged the significant risks associated with their stock price surges, indicating that their commercial aerospace contributions were minimal [2]. - Experts have raised concerns about the speculative nature of the sector, emphasizing the need for companies to disclose critical information regarding their commercial aerospace business to mitigate information asymmetry risks [2][3]. Group 3: Sector Performance - Since 2026, the commercial aerospace sector has seen substantial growth, with the WenDe Commercial Aerospace Theme Index reporting a cumulative increase of 33.38% as of January 12 [2]. - Key stocks in the sector, including China Satellite Communications and Aerospace Hanyu, have experienced over 130% growth in the past month, highlighting the volatility and speculative interest in the sector [2]. - Analysts have pointed out that the current market enthusiasm is primarily driven by policy support, with many companies having small market capitalizations that make them susceptible to speculative trading [2][3].

1月13日，东方电热开盘大涨2%后，持续下跌，截至发稿跌超1%报5.47元/股，总市值80.8亿元。 值得注意的是，当前A市场商业航天概念火热，自开年以来，该板块一路攀升，截至1月12日，商业航天主题指数今年累计涨幅已高达33.38%。不过昨日 晚间，多只被市场视为商业航天概念股的上市公司发布紧急提示。 航天工程（603698）(603698.SH)公告称，公司专业从事煤气化技术及关键设备的研发、工程设计、技术服务、设备成套供应及工程总承包，公司产品及 技术主要应用于煤炭洁净高效利用领域，客户主要集中在化工企业，不涉及商业航天及航天相关业务。 1月13日早盘，商业航天概念股跳水，航天环宇跌超12%，航天宏图、航天智装（300455）跌逾10%，北斗星通（002151）、中国卫通（601698）、航天 电器（002025）跌停。 | 名称 | 现价 | 消時 | 涨跌幅 ^ | | --- | --- | --- | --- | | 航天智装 | 34.58 | -5.52 | -13.77% | | 航天环宇 | 78.28 | -12.48 | -13.75% | | 广联航空 | 38.81 | -5.5 ...

多只概念股昨日盘后公告，回应不涉及商业航天相关业务，今日开盘走低。北方导航、航天工程、航天 长峰跌停，航天动力跌超8%，星环科技跌超3%。 （文章来源：第一财经） ...

Group 1 - The commercial aerospace sector is experiencing significant investor interest, driven by favorable news and a surge in stock prices, with nearly 50 stocks hitting the daily limit up [1] - China has applied for frequency resources for over 200,000 satellites, indicating that satellite frequency resource applications have reached a national strategic level [1] - Companies such as Goldwind Technology and Tongyu Communication have seen substantial stock price increases, with Goldwind achieving five consecutive limit-up days [1] Group 2 - Shaanxi Huada is deeply involved in major aerospace projects and is expanding its product offerings to meet customer demands in commercial aerospace [2] - AVIC Optoelectronics is the main supplier of cable connectors for Blue Arrow Aerospace, indicating a long-term partnership and commitment to innovation in the commercial aerospace sector [3] - Huayin Technology is focusing on special functional materials and is exploring opportunities in aerospace component processing, although its main revenue still comes from the aviation engine sector [4] Group 3 - Zhimin Da reported that its embedded computers for commercial aerospace have a small revenue contribution, with orders amounting to approximately 20 million yuan, representing only 4.8% of total orders [5] - Haoneng Co. stated that its aerospace-related revenue is minimal and does not significantly impact its main business [6][7] - *ST Chengchang noted that the commercial aerospace industry is still in its early stages, with no significant changes in its fundamentals [8] Group 4 - Plitel's revenue contribution from commercial aerospace is limited, accounting for about 3% as of September 30, 2025, while the company is under investigation [9] - Guoke Military Industry is collaborating with commercial aerospace companies on rocket projects that are still in the research phase, contributing minimally to revenue [10] - Zhongke Xingtou highlighted a mismatch between its stock price increase and actual performance in the commercial aerospace sector, indicating potential risks [10] Group 5 - Zhongheng Design has won contracts for commercial aerospace manufacturing base design projects, but the revenue from these projects is relatively small [11] - LIGONG Navigation's planning in the commercial aerospace sector is still in the early stages, with minimal revenue generated [12] - Aerospace Power clarified that its main business does not involve commercial aerospace, focusing instead on rocket engine component processing [13] Group 6 - Hengbo Co. has not yet entered the commercial aerospace sector, despite developing materials that could be applicable [14] - Beifang Navigation reported no relevant business or orders in the commercial aerospace field, despite stock price increases [15] - Aerospace Engineering confirmed that it does not engage in commercial aerospace activities, focusing on gasification technology instead [15] Group 7 - Xinghuan Technology stated that it does not conduct commercial aerospace business and is focused on AI database technology development [16] - Aerospace Changfeng reported significant stock price increases but confirmed it does not engage in commercial aerospace activities [17]