（记者 曾健辉） 盟升电子（688311.SH）12月8日在投资者互动平台表示，尊敬的投资者，您好！公司是国内率先实现 FAA/EASA/CAAC三边适航认证的卫通产品厂家，认证机型覆盖A321/A320/B777/B737等主力民航机 型，前期KU单频机载卫星通信天线已完成了小批量交付。目前，公司已启动了相控阵在民航市场应用 的新产品研制，并与多家客户沟通成熟产品新取证需求；同时，公司依托行业合作新动态，持续推进高 低轨兼容的民航相控阵卫通产品研制。 每经AI快讯，有投资者在投资者互动平台提问：请问公司机载卫星通信业务进展到底如何？是否应用 在空客、波音及国产大飞机中？ ...

证券日报网讯 12月8日，盟升电子在互动平台回答投资者提问时表示，公司股东与四川发展引领资本管 理有限公司签署的股份协议转让相关手续正在办理中，待完成过户后会履行信息披露义务，请关注公司 相关公告。 （文章来源：证券日报） ...

盟升电子回复称，公司是国内率先实现FAA/EASA/CAAC三边适航认证的卫通产品厂家，认证机型覆盖 A321/A320/B777/B737等主力民航机型，前期KU单频机载卫星通信天线已完成了小批量交付。目前， 公司已启动了相控阵在民航市场应用的新产品研制，并与多家客户沟通成熟产品新取证需求；同时，公 司依托行业合作新动态，持续推进高低轨兼容的民航相控阵卫通产品研制。 格隆汇12月8日｜有投资者在互动平台向盟升电子提问：请问公司机载卫星通信业务进展到底如何？是 否应用在空客、波音及国产大飞机中，请公司详细说明。 ...

格隆汇12月8日丨盟升电子(688311.SH)在投资者互动平台表示，公司为长征十二号运载火箭提供卫星导 航系统，作为火箭控制箭机的重要部件，凭借对多颗卫星信号的精准处理，实时确定火箭的位置、速度 和时间等关键参数，在发射和飞行阶段为火箭提供高精度导航信息。 ...

从市场端来看，行业应用加速落地。9月份，中国联通、中国移动先后获颁卫星移动通信业务经营许 可。此外，东方航空升级"空中快线"Wi-Fi服务，阿联酋航空宣布全机队安装星链天线，垣信卫星与空 客签约开展低轨卫星飞机互联合作。与此同时，我国低轨卫星发射在2025年迎来密集期，上游卫星制造 与发射的蓬勃发展，也让卫星通信终端设备的成本持续下降，市场需求迎来爆发式增长。 2025年以来，我国商业航天市场利好消息频传，在政策与市场双轮驱动下，卫星通信等领域成为备受看 好的行业"新风口"。 伴随着行业东风，成都盟升电子技术股份有限公司（以下简称"盟升电子"）以技术创新为核心，稳步推 进产品研发与市场落地，在民航机载、海洋通信等领域建立并稳固自身优势，成为国产卫星通信领域的 中坚力量。公司相关负责人近日在接受《证券日报》记者采访时表示："卫星通信产业正迎来规模化商 用的黄金时代。盟升电子加快创新步伐，2025年推进了相控阵天线产品迭代升级，多款相控阵终端产品 持续批量交付。未来，我们还将持续推进高低轨兼容的民航相控阵卫通产品研制。" 卫星通信行业应用加速落地 卫星通信作为商业航天的重要落地应用场景之一，在2025迎来政策、市 ...

Investment Rating - The report maintains an "Overweight" rating for the industry [5]. Core Viewpoints - The commercial aerospace sector is experiencing significant catalytic growth, leading to a substantial increase in industry prosperity [8][17]. - The establishment of a dedicated Commercial Aerospace Administration by the China National Space Administration marks a new phase in the development of commercial aerospace, enhancing stability and transparency in the industry [21]. - The successful launch of the Zhuque-3 reusable rocket signifies a breakthrough in China's commercial liquid rocket capabilities, supporting satellite internet and commercial remote sensing needs [10][21]. Summary by Sections Industry Overview - The industry comprises 142 listed companies with a total market capitalization of 2,915.34 billion yuan and a circulating market value of 2,530.17 billion yuan [2]. Key Developments - The Zhuque-3 rocket's successful launch on December 3, 2025, represents a critical milestone in the commercial aerospace sector, enabling a payload capacity of over 20 tons and reducing launch costs significantly [10][25]. - The 2025 China (Zhengzhou) Military Technology Information and Equipment Expo highlights advancements in military technology and the integration of civilian and military sectors [13][26]. Focus Areas - **Aerospace Equipment**: The Civil Aviation Administration is seeking opinions on emergency medical equipment for large aircraft, indicating a focus on enhancing safety standards [11][23]. - **Military Electronics**: Companies such as Gaode Infrared and Tianjian Technology are highlighted as key players in the military electronics sector [19][22]. - **Nuclear Equipment**: China and France are enhancing cooperation in the peaceful use of nuclear energy, focusing on technology innovation and safety [30][32]. Market Performance - The defense and military industry index rose by 2.82% in the past week, outperforming other major indices [33][38]. - The current PE (TTM) for the defense and military industry is 69.3 times, with aerospace equipment at 73.6 times and space equipment at 317.8 times, indicating high investor interest [39][44].

证券之星消息，12月5日海洋经济板块较上一交易日上涨0.64%，太阳电缆领涨。当日上证指数报收于 3902.81，上涨0.7%。深证成指报收于13147.68，上涨1.08%。海洋经济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) | | --- | --- | --- | --- | --- | --- | | 002300 | 太阳电缆 | 10.36 | 9.98% | 184.81万 | 17.59亿 | | 301137 | 時精神漫 | 44.18 | 7.10% | 15.48万 | 6.75亿 | | 688311 | 盟升电子 | 35.03 | 6.15% | 8.78万 | 3.02亿 | | 600320 | 振华重工 > | 5.01 | 6.14% | 147.90万 | 7.26亿 | | 605123 | 派克新材 | 72.30 | 4.33% | 6.04万 | 4.33 Z | | 603280 | 南方路机 | 41.19 | 3.75% | 5.48万 | 2.21亿 | | 002204 | 大连重丁 | 7.1 ...

Core Insights - The commercial aerospace market in China is poised for significant growth, driven by technological breakthroughs and policy support, with a potential market size reaching trillions [1] - The 2025 Commercial Aerospace Forum showcased advancements in various segments of the industry, including rocket launches and satellite management, indicating a robust development trajectory [1] Industry Overview - The commercial aerospace sector is experiencing a dual inflection point characterized by technological advancements and market expansion [1] - The opening of national major aerospace projects to commercial entities and the acceleration of in-orbit service capabilities are key factors contributing to this growth [1] Market Performance - As of December 4, 2025, the Zhongzheng General Aviation Theme Index (931855) rose by 1.08%, with notable increases in constituent stocks such as Plittech (up 12.17%) and Guanglian Aviation (up 9.04%) [1] - The General Aviation ETF Fund (561660) also saw a 1.10% increase, reflecting positive market sentiment towards the sector [1] Key Stocks - The top ten weighted stocks in the Zhongzheng General Aviation Theme Index account for 40.68% of the index, highlighting the concentration of market influence among these companies [2] - Notable stocks include Aerospace Electronics (600879) and Haige Communication (002465), which are among the top performers in the index [2][3]

格隆汇12月3日丨盟升电子(688311.SH)在投资者互动平台表示，公司未与"四川凌空天行科技"签署战略 合作。 ...

Core Insights - The report highlights a significant turning point for the defense and military industry in 2025, with a strong recovery in both fundamentals and market performance, indicating a shift from policy expectations to actual performance realization [4][9][11] - The industry is entering a new phase characterized by rigid demand, structural upgrades, and improved financial health, with five core judgments outlined for 2026 [4][6][24] Industry Trends - The defense and military sector saw a cumulative increase of 16.39% in the Shenwan Defense Index by October 31, 2025, closely aligning with the performance of the CSI 300 index but lagging behind the growth-driven ChiNext index [9] - The market experienced a "Q1 bottoming, Q2 recovery, Q3 acceleration, and Q4 consolidation" rhythm, with the driving force shifting from policy expectations to performance realization [9][10] Financial Performance - The industry ended the "increasing revenue without increasing profit" dilemma, with significant improvements in operating cash flow and profitability quality, marking a transition to a new phase of high-quality development [4][24][26] - By November 10, 2025, the PE-TTM (excluding negative values) for the defense sector was approximately 70 times, indicating a structural revaluation rather than a systemic bubble [20][24] Revenue and Profitability - The report indicates a recovery in revenue and profit growth in 2025, with a notable increase in operating cash flow, signaling a turnaround from previous years of negative cash flow [24][31] - The industry experienced a significant rebound in profitability, with a 17.29% year-on-year increase in net profit attributable to shareholders in Q3 2025, reflecting effective cost control and improved operational efficiency [26][31] Investment Focus - The investment strategy focuses on four main lines: the main battle equipment supply chain from a military trade perspective, advanced combat capabilities, military-civilian integration sectors, and reform and asset securitization [4][6][26] - Key companies to watch include AVIC Shenyang Aircraft Corporation, China Aerospace Science and Technology Corporation, and others involved in military trade and advanced combat technologies [4][6][26]