证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交4.59亿元，其中，买入成交额为1.51亿 元，卖出成交额为3.08亿元，合计净卖出1.57亿元。 具体来看，今日上榜营业部中，第一大买入营业部为中国银河证券股份有限公司武汉汉阳证券营业部， 买入金额为4942.43万元，第一大卖出营业部为甬兴证券有限公司天津解放北路证券营业部，卖出金额 为8348.25万元。 近半年该股累计上榜龙虎榜14次，上榜次日股价平均涨4.17%，上榜后5日平均涨10.16%。 资金流向方面，今日该股主力资金净流出6816.76万元，其中，特大单净流出5648.39万元，大单资金净 流出1168.37万元。近5日主力资金净流出4.14亿元。 再升科技(603601)今日上涨6.08%，全天换手率31.31%，成交额29.97亿元，振幅8.97%。龙虎榜数据显 示，营业部席位合计净卖出1.57亿元。 上交所公开信息显示，当日该股因日换手率达30.42%上榜，营业部席位合计净卖出1.57亿元。 再升科技12月18日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- ...

Investment Rating - The report provides a "Buy" rating for the industry, predicting that the stock price will outperform the Shanghai Composite Index by 15% or more within six months [56]. Core Insights - The global commercial space launch sector is undergoing a profound cost restructuring, shifting from a one-time manufacturing model to a reusable cost model. Traditional rockets have a hardware manufacturing cost share of about 67%, while emerging commercial rockets reduce this to around 24% through reusable designs [3][27]. - The launch market from 2024 to 2025 is expected to exhibit an absolute oligopoly, with launch service providers monopolizing orders and exerting control over the supply chain [5][42]. Summary by Sections 1. Cost Structure of Commercial Rockets - The cost breakdown of rockets shows that the first stage accounts for 60-70% of total costs, with engines being the most significant component, comprising over 50% of the first stage cost [13][27]. - The Falcon 9 rocket's cost structure indicates that the marginal cost of reuse is significantly lower than that of traditional rockets, with costs dropping to approximately $2,720 per kilogram in reusable mode [27][28]. 2. Industry Chain Benefits from Launch Volume - Launch service providers benefit directly from increased launch frequency and larger contracts, with revenue correlating to the number of launch tasks [4][35]. - The demand for reusable components and high-frequency replacement parts is expected to grow, driven by the need for higher reliability and maintenance of reusable systems [36]. 3. Investment Recommendations - Beneficiary stocks include companies involved in rocket manufacturing and space computing, such as Aerospace Power, Superjet, and West Materials, among others [6][52][53].

10月29日公司发布的三季报数据显示，前三季度公司共实现营业收入9.85亿元，同比下降10.11%，实现 净利润8125.43万元，同比下降10.59%。（数据宝） 再升科技12月17日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 摩根大通证券(中国)有限公司上海银城中路证券营业部 | 5287.16 | | | 买二 | 甬兴证券有限公司天津解放北路证券营业部 | 4482.12 | | | 买三 | 瑞银证券有限责任公司上海花园石桥路证券营业部 | 3421.95 | | | 买四 | 国泰海通证券股份有限公司总部 | 2969.28 | | | 买五 | 中信证券股份有限公司上海分公司 | 2929.58 | | | 卖一 | 联储证券股份有限公司上海中山西路证券营业部 | | 5176.37 | | 卖二 | 中信证券股份有限公司上海分公司 | 5084.38 | | --- | --- | --- | | 卖三 | 中国银河证券股份有限公司北京中关村大街证券营业 | 4172.10 | ...

证券时报·数据宝统计，截至（12月17日）收盘，沪指报3870.28点，涨45.47点，涨幅为1.19%；深成指 报13224.51点，涨309.85点，涨幅为2.40%；创业板指报3175.91点，涨104.15点，涨幅为3.39%。个股方 面，今日75只A股换手率超过20%，其中，C沐曦-U、大鹏工业等5只个股换手率达五成以上，半数筹码 易主。（数据宝） 12月17日两市换手率居前个股一览 | 002329 | 皇氏集团 | 4.12 | 27.47 | -10.04 | | --- | --- | --- | --- | --- | | 002413 | 雷科防务 | 9.15 | 27.22 | -5.48 | | 301306 | 西测测试 | 104.58 | 27.22 | 8.37 | | 603601 | 再升科技 | 9.05 | 26.87 | -3.00 | | 002235 | 安妮股份 | 10.71 | 26.65 | -8.46 | | 001280 | 中国铀业 | 64.65 | 26.61 | -4.19 | | 300300 | 海峡创新 | 14.09 | 26.50 ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002080 | 中材科技 | 3.13亿 | 11.83% | -8210.20万 | -3.11% | -2.31 Z | -8.72% | | 301526 | 国际复材 | 1.51 Z | 13.22% | 3983.21万 | 3.49% | -1.91 Z | -16.71% | | 603256 宏和科技 | | 6353.63万 | 7.15% | 3490.15万 | 3.93% | -9843.77万 | -11.08% | | 600176 | 中国巨石 | 2604.35万 | 6.60% | -1739.41万 | -4.41% | -864.94万 | -2.19% | | 605006 山东玻纤 | | 420.53万 | 5.78% | 242.99万 | 3.34% | -663.53万 | -9.13% | | 000012 | ...

Core Viewpoint - The commercial space industry, encompassing rocket launches, satellite manufacturing and operation, and space tourism, is experiencing rapid growth and transformation, with a potential market size reaching trillions of yuan, marking a significant shift from policy discussions to a vibrant economic sector by the end of 2025 [1][3]. Market Dynamics - Investor sentiment has been significantly boosted by commercial space concept stocks, with notable price surges in companies like Tongguang Cable and Zhonggang Luoni, reflecting a strong market interest [2]. - The establishment of "Space Technology City" in Beijing, in collaboration with major state-owned enterprises, indicates a strategic push towards developing a robust commercial space ecosystem [2][5]. Government Initiatives - Local governments are actively promoting the commercial space sector, with Guangdong aiming for a 300 billion yuan industry scale by 2026 and offering financial incentives for companies setting international standards [6]. - The Beijing Economic and Technological Development Zone has launched a 10-point plan to support the commercial space industry, including a 10 billion yuan investment fund [5]. Industry Developments - The number of new commercial space enterprises has surged, with over 15 companies established in August 2025 alone, indicating a growing interest in the sector [7]. - Major companies like Star Glory and Blue Arrow are collaborating with local state-owned enterprises to explore ecosystem development [5]. Capital Involvement - The commercial space sector has seen a rise in financing activities, with significant funding rounds for leading companies like Star Glory and Tianbing Technology [8]. - The inclusion of commercial space in the Sci-Tech Innovation Board's listing criteria has opened new avenues for funding, allowing unprofitable companies with core technologies to access capital markets [8]. Competitive Landscape - Companies are adopting diverse strategies, with some focusing on high-capital, high-risk rocket launches, while others are carving niches in specialized segments of the industry [9][10]. - The trend of "R&D in Beijing, production in the Yangtze River Delta" is becoming common among commercial space firms, optimizing their operational efficiency [12]. Market Evaluation - The capital market is increasingly scrutinizing commercial space companies, emphasizing the need for tangible performance and profitability [14]. - Companies like Srey New Materials and Superfast Co. are experiencing growth due to increased orders from the commercial space sector, reflecting a positive market response [15][16]. Role of State-Owned Enterprises - State-owned enterprises are transitioning to compete in the commercial market, focusing on market competitiveness and restructuring to align with commercial objectives [19]. - Collaborations between state-owned and private enterprises are becoming more prevalent, with state-owned firms leveraging their technological advantages while private firms offer efficiency and cost control [20][21]. Future Outlook - The commercial space market is projected to reach $680.25 billion globally, with China's market potentially exceeding 2.5 trillion yuan, highlighting the immense growth potential [21]. - The integration of state-owned and private enterprises is expected to foster innovation and efficiency, positioning them for success in the evolving commercial space landscape [22].

12月16日，天力复合（920576.BJ）收盘上涨18.49%，7个交易日累计涨幅近200%；再升科技（603601.SH）在12月5日至12月16日期间曾连续8个交易日内出 现五次涨停，区间涨幅达83.66%。 就在此前一天，北京丰台区联合中国航天科技集团一院、中国航天科工集团三院等"国家队"力量，宣布筹建"宇航科技城"。 与上述火热投资氛围相呼应的是，产业链上的各方也开始行动。12月15日，星河动力旗下新一代中型运载火箭谷神星二号Y1箭在酒泉卫星发射中心执行首 飞任务。同一天，紫微科技自主研发的空间试验器搭载快舟十一号火箭成功发射入轨。 从资本市场到产业一线，商业航天，这个涵盖火箭发射、卫星制造与运营、太空旅游等市场化航天活动、潜在规模达万亿级的新赛道，正在经历一场自上而 下的加速度。 站在2025年的尾声回望，商业航天已从政策文件中的新兴词汇，演变为一场席卷资本、产业与地方经济的风暴。 记者 王雅洁 2025年末最后一个月，投资者的情绪再三被商业航天概念股点燃。 A股市场上，12月以来的商业航天板块持续发酵。通光线缆（300265.SZ）、中钢洛耐（688119.SH）、中超控股（002471.SZ） ...

12月17日，商业航天概念股大幅走低，前期大涨的龙洲股份连续两日跌停。 此外，四川金顶跌停，通光线缆、红相股份跌超10%，航天长峰、再升科技、中超控股、博亚精工等均 跌超9%。 | 代码 | 名称 | 涨幅 %ヘ | 现价 | | --- | --- | --- | --- | | 300265 | 通光线缆 | -12.19% | 12.75 | | 300427 | 红相股份 | -11.48% | 12.42 | | 600678 | 四川金顶 | -10.01% | 13.66 | | 002682 | 龙洲股份 | -9.96% | 9.67 | | 920665 | 科强股份 | -9.84% | 15.67 | | 002519 | 银河电子 | -9.92% | 5.99 | | 600822 | 航天长峰 | -9.53% | 20.02 | | 603601 | 再升科技 | -9.54% | 8.44 | | 002471 | 中超控股 | -9.40% | 5.59 | | 300971 | 博亚精工 | -9.30% | 21.95 | | 920363 | 莱赛激光 | -8.49 ...

资金流向方面，今日该股主力资金净流出1.26亿元，其中，特大单净流出5831.01万元，大单资金净流出 6762.19万元。近5日主力资金净流出1.32亿元。 融资融券数据显示，该股最新（12月15日）两融余额为4.26亿元，其中，融资余额为4.26亿元，融券余 额为32.45万元。近5日融资余额合计增加2.04亿元，增幅为91.85%。融券余额合计增加17.55万元，增幅 117.86%。 10月29日公司发布的三季报数据显示，前三季度公司共实现营业收入9.85亿元，同比下降10.11%，实现 净利润8125.43万元，同比下降10.59%。（数据宝） 再升科技12月16日交易公开信息 再升科技(603601)今日上涨0.65%，全天换手率33.11%，成交额31.72亿元，振幅12.07%。龙虎榜数据显 示，营业部席位合计净买入1228.50万元。 上交所公开信息显示，当日该股因日换手率达32.50%上榜，营业部席位合计净买入1228.50万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交4.61亿元，其中，买入成交额为2.37亿 元，卖出成交额为2.24亿元，合计净买入1228.50万元。 ...

从现货市场看，涨幅前五名的石化产品分别为锂电池电解液上涨5.50%、维生素VA上涨5.21%、双酚A 上涨4.42%、硫酸上涨4.36%、硫黄上涨4.21%；跌幅前五名的石化产品分别为液氯下跌32.88%、2%生 物素下跌5.45%、维生素D3下跌5.11%、苯胺下跌4.36%、DEG下跌4.15%。 从资本市场看，涨幅前五名的上市化企分别为再升科技上涨61.19%、国瓷材料上涨23.46%、蓝晓科技 上涨18.13%、侨源股份上涨15.18%、永冠新材上涨14.34%；跌幅前五名的上市化企返利科技下跌 22.56%、清水源下跌18.42%、恒通股份下跌16.12%、乐通股份下跌15.53%、亚太实业下跌14.06%。 上周，国际原油价格走低。截至12月12日，纽约商品交易所西得克萨斯轻质原油期货主力合约结算价格 为57.44美元/桶，较12月5日下降4.39%；洲际交易所布伦特原油期货主力合约结算价格为61.12美元/ 桶，较12月5日下降4.13%。 中化新网讯 上周(12月8日至12日)，除化工机械指数上涨外，其余指数全部下跌。 化工板块方面，化工原料指数累计下跌1.75%、化工机械指数累计上涨0.47 ...