据国家航天局消息，该局 已于近期设立商业航天司 ，相关业务正在逐步开展 ， 标志着我国商业航天产业迎来专职监管机构，未来将持续推动 我国商业航天高质量发展，产业链有望全线受益。二级市场方面，商业航天概念股表现活跃，截至周五收盘， 航天发展11天7板，雷科防务5 天4板，通宇通讯2连板，乾照光电、航天环宇20CM涨停 ，顺灏股份、四川金顶一字涨停。 中信证券分析师杨帆等人11月23日研报认为，国防科工局官网发布2026年度考试录用公务员公告，其中，招聘"商业航天司航天监管岗"，意 味着商业航天司这一关键职能机构已正式成立 。 在发射端，中型运载火箭即将首飞，助力星座大规模组网 。目前GW、千帆星座均超百星 在轨，应用端落地在即。 商业航天司的成立将有效整合多部门相关职能，卫星产业发展有望在更高层面实现统筹协调 ，商业航天发射审 批、卫星运营牌照发放等 关键环节的推进效率也有望进一步提升 。 Choice数据显示，截至发稿，11月份（11.1-11.29）获机构调研的商业航天概念股，包括 通宇通讯、星图测控、翱捷科技-U、航宇科技、泰 永长征、高华科技、国机精工、崇达技术、云南锗业、斯瑞新材、国力电子、瑞华泰、中 ...

Company Overview - Srey New Materials Co., Ltd. is located in Xi'an High-tech Zone, Shaanxi Province, and was established on July 11, 1995. The company went public on March 16, 2022. Its main business involves high-strength and high-conductivity copper alloy materials and products, medium and high-voltage electrical contact materials and products, high-performance metal chromium powder, CT and DR tube components, and next-generation copper-iron alloy materials [1][2]. Financial Performance - For the period from January to September 2025, Srey New Materials achieved operating revenue of 1.174 billion yuan, representing a year-on-year growth of 21.74%. The net profit attributable to the parent company was 108 million yuan, reflecting a year-on-year increase of 37.74% [2]. - Since its A-share listing, Srey New Materials has distributed a total of 167 million yuan in dividends, with 135 million yuan distributed over the past three years [3]. Stock Performance - As of November 28, Srey New Materials' stock price increased by 2.06%, reaching 25.82 yuan per share, with a trading volume of 296 million yuan and a turnover rate of 1.59%. The total market capitalization is 19.973 billion yuan [1]. - The stock has seen a significant price increase of 195.42% year-to-date, with a 17.90% rise over the last five trading days, 33.09% over the last 20 days, and 49.08% over the last 60 days [1]. Shareholder Information - As of September 30, Srey New Materials had 13,800 shareholders, a decrease of 3.52% from the previous period. The average number of circulating shares per shareholder increased by 3.65% to 53,101 shares [2]. Capital Flow - In terms of capital flow, the net inflow of main funds was 2.3005 million yuan, with large orders accounting for 30.26% of purchases and 30.97% of sales. Notably, special large orders amounted to 23.8978 million yuan, representing 8.08% of total transactions [1]. Business Segmentation - The revenue composition of Srey New Materials includes high-strength and high-conductivity copper alloy materials and products (46.51%), medium and high-voltage electrical contact materials and products (22.90%), and other segments such as medical imaging components (5.31%) and high-performance metal chromium powder (5.08%) [1]. Industry Classification - Srey New Materials is classified under the non-ferrous metals sector, specifically in the metal new materials category, and is associated with concepts such as ultra-high voltage, CPO, new materials, optical communication, and shield machines [2].

长信基金成立于2003年，截至目前，资产管理规模(全部公募基金)1937.34亿元，排名41/211；资产管理规模(非货币公募基金)868.86亿元，排名 52/211；管理公募基金数181只，排名41/211；旗下公募基金经理33人，排名38/211。旗下最近一年表现最佳的公募基金产品为长信创新驱动股 票，最新单位净值为2.15，近一年增长76.77%。旗下最新募集公募基金产品为长信上证科创板综合指数增强A，类型为指数型-股票，集中认购期 2025年11月17日至2025年12月15日。 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。 2）斯瑞新材 （长信基金参与公司特定对象调研&现场参观&现场） 调研纪要：2025年1-6月，公司营业收入77,215.34万元，液体火箭发动机推力室业务营收为2,328.97万元，较2022年2,097.16万元增长至2024年 3,016.22万元，客户涵盖蓝箭航天、九州云箭。项目一阶段计划投资2.3亿元，达产后年产200吨锻件、200套喷注器面板、500套推力室内/外壁组 件，截至2025年6月 ...

每经编辑｜许绍航 据央视新闻，11月24日，中国科学院燃烧等离子体国际科学计划在合肥正式启动，紧凑型聚变能实验装置BEST的研究计划也同步面向全球发布。 图源：央视新闻 来自法国、英国、德国、意大利等十多个国家的聚变科学家齐聚合肥，共同签署了《合肥聚变宣言》，呼吁加强国际合作，共同推进聚变能源研发。 据称，随着国际热核聚变实验堆（ITER）及BEST等装置的推进，聚变研究正步入"燃烧等离子体"新阶段。正是为了推动这一进程，中国科学院等离子体 所联合欧洲聚变团队发起了"燃烧等离子体国际科学计划"。 受此消息影响，11月24日，二级市场上可控核聚变概念全天持续活跃。斯瑞新材涨逾14%，兰石重装、四创电子和合锻智能涨逾7%，哈焊华通、航天晨 光和常辅股份等跟涨。 | 可控核聚变1 | | ri Q 1874.84 2.51% | | --- | --- | --- | | 资金 | | 资讯 成份股 关联基金 必读 股幅 | | 最新价(66) > 龙头(10) | | 全部市场(66) √ 目先 | | 最新, | 涨幅↓ | © 〈〈 + 涨跌 / | | 斯瑞新材 | | 24.99 14.11% 3.09 ...

（文章来源：证券时报网） 数据宝统计，截至14:48，斯瑞新材成交额10.14亿元，创上市以来新高。最新股价上涨12.28%，换手率 5.82%。上一交易日该股全天成交额为5.21亿元。（数据宝） ...

Core Viewpoint - The commercial aerospace sector continues to strengthen, with several companies reaching new highs and significant increases in related ETFs [1] Group 1: Company Performance - Srey New Materials, Shanghai Port Bay, and Feiwo Technology hit intraday highs [1] - Aerospace Power, Leike Defense, Aerospace Huanyu, Zhongtian Rocket, Tianjian Technology, Aerospace Changfeng, Jiuzhiyang, and Tendering Co. all experienced a limit-up increase [1] - New Ray Energy, Aerospace Software, Chaojie Co., China Haifang, and Sichuan Chuang Electronic also saw gains [1] Group 2: ETF Performance - The Aviation ETF (159392) rose by 2.7%, with a trading volume of 2.7339 million yuan [1] - The Aerospace ETF (159227) increased by 3.83%, with a trading volume of 21.5 million yuan [1]

Core Viewpoint - The commercial aerospace sector in China is experiencing significant growth, driven by technological advancements and supportive government policies, leading to increased market activity and investment opportunities [2][4]. Market Activity - On November 24, several stocks in the commercial aerospace sector saw strong performance, with multiple companies reaching their daily price limits, including Zhaobiao Co., Aerospace Huanyu, and others [1]. - The sector's activity is linked to recent positive policy developments, including the establishment of a key regulatory body for commercial aerospace [2]. Market Size and Growth - China's commercial aerospace market is projected to grow from approximately 0.38 trillion yuan in 2015 to 2.3 trillion yuan by 2024, reflecting a compound annual growth rate of about 22% [2]. - If growth continues at a rate of 25%, the market could approach 10 trillion yuan by 2030, indicating substantial growth potential [2]. Technological Trends - The industry is undergoing a "third wave" characterized by low-orbit, intelligent, and integrated trends, with advancements in satellite manufacturing and communication technologies [2]. - The integration of satellite applications with emerging technologies like 6G and AI is accelerating, leading to new business models and applications [3]. Policy and Regulatory Developments - The establishment of the Commercial Aerospace Administration is seen as a milestone for the industry, enhancing the regulatory framework and boosting market confidence [2]. - The launch of commercial satellite IoT trials aims to enrich the satellite communication market and support the healthy development of new industries [3]. Investment Opportunities - The capital market is opening up for commercial aerospace companies, with several major firms initiating IPO processes, indicating a robust investment landscape [4]. - The total valuation of the leading commercial rocket companies has surpassed 100 billion yuan, highlighting the sector's financial potential [4]. Future Outlook - The commercial aerospace industry is entering a high-growth phase, with expectations of rapid expansion from 2026 to 2028 [4]. - The satellite application sector is anticipated to become a new infrastructure supporting national economy and technological development [4].

Core Viewpoint - The A-share market's controllable nuclear fusion sector experienced a collective rise, driven by the launch of the "Burning Plasma" international scientific program by the Chinese Academy of Sciences, which aims to ignite the "artificial sun" [1] Company Performance - Srei New Materials (688102) saw a significant increase of 9.13%, with a total market capitalization of 18.5 billion and a year-to-date increase of 172.94% [2] - Ha Welding Huaton (301137) rose by 5.78%, with a market cap of 7.62 billion and a year-to-date increase of 140.51% [2] - Si Chuang Electronics (600990) increased by 5.47%, with a market cap of 6.948 billion and a year-to-date increase of 20.44% [2] - He Dung Intelligent (603011) rose by 4.88%, with a market cap of 9.982 billion and a year-to-date increase of 194.74% [2] - Yongding Co., Ltd. (600105) increased by 3.95%, with a market cap of 20.8 billion and a year-to-date increase of 188.55% [2] - Snowman Group (002639) rose by 3.82%, with a market cap of 10.9 billion and a year-to-date increase of 106.13% [2] - Changfu Co., Ltd. (920396) increased by 3.62%, with a market cap of 2.214 billion and a year-to-date increase of 132.43% [2] - Aerospace Morning Light (600501) rose by 3.61%, with a market cap of 8.852 billion and a year-to-date increase of 14.06% [2] - Lanshi Heavy Equipment (603169) increased by 3.39%, with a market cap of 14.3 billion and a year-to-date increase of 101.28% [2]

Core Insights - The controllable nuclear fusion sector experienced a significant short-term surge on November 24, with multiple companies seeing notable stock price increases, including Zhongtian Rocket reaching its daily limit up [1] Group 1: Stock Performance - Zhongtian Rocket (003009) saw a price increase of 10.00%, with a market capitalization of 85.62 billion and a current price of 55.10 [2] - Srey New Materials (688102) increased by 9.45%, with a market capitalization of 185.47 billion and a current price of 23.97 [2] - Yongding Co., Ltd. (600105) experienced a rise of 5.34%, with a market capitalization of 210.417 billion and a current price of 14.43 [2] - Other companies such as Hahwa Huadong (301137), Changfu Co. (920396), and Hezhu Intelligent (603011) also saw increases ranging from 3.46% to 5.25% [2] Group 2: International Collaboration - The Chinese Academy of Sciences officially launched the International Scientific Program on Combustion Plasma in Hefei, coinciding with the global release of the research plan for the compact fusion energy experimental device BEST [1][2] - Scientists from over ten countries, including France, the UK, Germany, and Italy, gathered in Hefei to sign the "Hefei Fusion Declaration," calling for enhanced international cooperation to advance fusion energy research [2]

Core Viewpoint - The controlled nuclear fusion sector experienced a significant short-term surge, with multiple companies seeing notable stock price increases following the launch of a new international scientific initiative in Hefei, China [1][2]. Group 1: Stock Performance - Zhongtian Rocket (003009) saw a price increase of 10.00%, with a market capitalization of 85.62 billion and a current price of 55.10 [2]. - Srei New Materials (688102) increased by 49.45%, with a market capitalization of 185.47 billion and a current price of 23.97 [2]. - Yongding Co., Ltd. (600105) rose by 45.34%, with a market capitalization of 210.4 billion and a current price of 14.43 [2]. - Ha Welding Huayuan (301137) increased by 5.25%, with a market capitalization of 75.82 billion and a current price of 41.69 [2]. - Changfu Co., Ltd. (920396) rose by 4.09%, with a market capitalization of 22.247 billion and a current price of 30.80 [2]. - Hezhu Intelligent (603011) increased by 3.74%, with a market capitalization of 98.73 billion and a current price of 19.97 [2]. - Zhongzhou Special Materials (300963) rose by 3.46%, with a market capitalization of 84.947 billion and a current price of 18.52 [2]. - Juguang Technology (688167) increased by 3.45%, with a market capitalization of 110.1 billion and a current price of 122.47 [2]. - Dongfang Ling V (000a62) rose by 3.35%, with a market capitalization of 129.47 billion and a current price of 25.64 [2]. - Yingjie Electric (300820) increased by 3.04%, with a market capitalization of 132.0 billion and a current price of 59.58 [2]. Group 2: International Collaboration - The Chinese Academy of Sciences officially launched the International Scientific Program on Combustion Plasma in Hefei, coinciding with the global release of the research plan for the compact fusion energy experimental device BEST [2]. - Scientists from over ten countries, including France, the UK, Germany, and Italy, gathered in Hefei to sign the "Hefei Fusion Declaration," calling for enhanced international cooperation to advance fusion energy research [2].