转自：智通财经 【商业航天概念集体调整 银河电子等多股跌停】智通财经1月15日电，早盘商业航天概念集体调整，银 河电子、海格通信、通宇通讯、鲁信创投、巨力索具、东方通信等多股跌停，广哈通信、星环科技、中 科星图均跌超10%，金风科技、航天电子等逼近跌停。 ...

2026.01.15 本文字数：583，阅读时长大约1分钟 作者 |一财阿驴 09:31 商业航天板块集体调整 通宇通讯、烽火通信跌停，巨力索具跌超8%，金风科技、中科星图、天银机电等跟跌。 09:25 A股开盘丨三大指数集体低开 | HSTECH | 恒生科技 | N N W | | -0.55% | | --- | --- | --- | --- | --- | | મટા | 恒生指数 | S | 7 45 | .10% | | | 484.200 -85.300 -14.98% | 435.199(CNY) | | | | 携程集团-S 立即 | 9961 交易 | | --- | --- | --- | --- | --- | --- | --- | --- | | HKEX HKD 9:20:12 | | | | | | | 10 + | | | 美(TCOM) 62.780(-17.05%) U/H:+1.05% | | | 文年 | -12.60% 120日 | | -3.93% | | 委比 | -100.00% 委差 | | -43.30万 | SH | -19.50% 250日 | | ...

2026.01. 15 通宇通讯、烽火通信跌停，巨力索具跌超8%，金风科技、中科星图、天银机电等跟跌。 09:25 A股开盘丨三大指数集体低开 沪指低开0.48%，深成指低开0.63%，创业板指低开0.93%；科创综指低开0.94%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | Mr | 4106.22 | -19.87 | -0.48% | | 399001 | 深证成指 | ั | 14158.66 | -89.94 | -0.63% | | 399006 | 创业板指 | ﮯ | 3318.11 | -31.03 | -0.93% | | 000680 | 科创综指 | W | 1818.17 | -17.24 | -0.94% | 盘面上，AI应用题材回落，CRO、商业航天、脑机接口、核聚变、宇树机器人概念股跌幅居前。能 源金属、网络安全、跨境支付概念股活跃。 天普股份开盘逼近跌停，公司收到上交所问询函，涉及公司主营业务及高管任职资格等问题。 | | 175.08 - ...

（文章来源：每日经济新闻） 每经AI快讯，1月15日，商业航天板块集体调整，通宇通讯、烽火通信竞价跌停，巨力索具跌超8%，金 风科技、中科星图、天银机电等跟跌。 ...

商业航天板块集体调整，通宇通讯、烽火通信竞价跌停，巨力索具跌超8%，金风科技、中科星图、天 银机电等跟跌。 ...

Core Viewpoint - The Chinese commercial aerospace sector is experiencing significant growth, driven by recent satellite launches and a large-scale application for satellite frequency resources, indicating a strategic push towards expanding low Earth orbit (LEO) satellite constellations [3][4][5]. Group 1: Market Performance - On January 14, the A-share market saw a rebound in commercial aerospace concepts, with the Aviation ETF Fund (159257) rising over 2% and reaching a transaction volume of nearly 80 million yuan [1]. - The performance of individual stocks within the Aviation ETF varied, with notable gains from companies like Zhongke Xingtou (up over 13%) and Haige Communication (10% limit up), while others like Hongdu Aviation experienced declines [7]. Group 2: Satellite Launch and Frequency Resource Application - On January 13, China successfully launched 18 low Earth orbit satellites using the Long March 8 rocket, marking a significant achievement in satellite internet capabilities [3]. - China has applied to the International Telecommunication Union (ITU) for 203,000 satellite frequency resources, a move that far exceeds previous applications and signifies a major step in the development of LEO satellite constellations [4]. Group 3: Industry Implications and Capacity Requirements - The application for over 200,000 satellites reflects a national strategy to secure frequency resources and prepare for future 6G networks, necessitating a substantial increase in satellite launch capabilities over the next decade [5]. - The commercial aerospace sector is expected to transition into a phase of high-frequency launches and large-scale satellite manufacturing, driven by advancements in technology and supportive policies [6][8]. Group 4: Investment Opportunities - The Aviation ETF Fund (159257) focuses on low-altitude economy, military industry, and commercial aerospace, with a significant portion of its holdings in the defense and military sector [10][11]. - The fund's composition indicates a strong alignment with the burgeoning commercial aerospace market, which is projected to capture a substantial share of the trillion-dollar satellite industry [11].

华鑫证券指出，政策支持、ITU强制要求及空天资源抢占驱动商业航天业务爆发。1、政策支持：2025 年作为"新质生产力"落地元年，随着国家航天局商业航天司的设立及科创板第五套标准的放宽，政策红 利正加速转化为产业红利。2、ITU（国际电联）频轨资源"先到先得"规则及"里程碑"发射要求，为我 国"国网"与"千帆"两大星座按下了加速键。未来5年，我国面临约2500颗卫星的发射缺口，发射服务将 从"卖方市场"转向"供不应求"，倒逼运力爆发。3、空天资源有限，低轨空间轨道（LEO）和无线电频 率（Ka/Ku/V/Q/V等频段）是具有战略属性的不可再生资源，我国需快速发射卫星维持组网要求，并掌 握太空"路权"。 截至2026年1月14日 13:51，中证通用航空主题指数(931855)上涨0.39%，成分股莱斯信息上涨12.05%， 中科星图上涨10.64%，海格通信上涨9.75%，钢研高纳上涨9.02%，司南导航上涨6.87%。通用航空ETF 基金(561660)上涨0.74%，最新价报1.5元。 消息面上，据中国航天科技集团消息，1月13日23时25分，长征八号甲运载火箭在海南商业航天发射场 点火升空，随后将卫星互联 ...

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22.08亿元，同比增长10.02%，实现净利润 1.46亿元，同比增长0.54%，基本每股收益为0.1811元，加权平均净资产收益率3.81%。（数据宝） （文章来源：证券时报网） 证券时报·数据宝统计显示，中科星图所属的计算机行业，目前整体涨幅为5.49%，行业内，目前股价上 涨的有347只，涨停的有科大国创、通达海等17只。股价下跌的有11只，跌幅居前的有海峡创新、东通 退、*ST立方等，跌幅分别为3.92%、3.14%、3.09%。 两融数据显示，该股最新（1月13日）两融余额为12.25亿元，其中，融资余额为12.00亿元，近10日增加 2.52亿元，环比增长26.60%。 中科星图股价再创历史新高，该股近期呈不断突破新高之势，近一个月累计有12个交易日股价刷新历史 纪录。截至11:12，该股目前上涨13.91%，股价报95.97元，成交4246.32万股，成交金额37.48亿元，换 手率5.25%，该股最新A股总市值达775.51亿元，该股A股流通市值775.51亿元。 ...

申万宏源证券表示，2024年为基础大模型高速迭代期，2025年部分公司开始披露AI订单，新技术进入 应用初期。2026年基础大模型能力提升将推动AI应用商业化加速，软件行业迎来市值快速提升阶段。 中国软件行业以乙方定制化为特色，软件供应商通过深度定制开发积累行业know-how，与大模型形成 互补壁垒，AI应用落地更可能由软件公司实现。 2026年1月14日，A股软件概念再度走强。截至10:56，中证软件指数强势上涨6.61%，盘中一度涨超 7%。成分股用友网络、石基信息涨停，中科星图涨超12%，卫宁健康、合合信息等个股跟涨。 中信建投证券指出，AI大模型正从"生成"迈向"能推理、能行动"的Agent阶段，行业竞争焦点转向改造 用户行为与任务流程的能力，将推动企业端AI应用从"降本"到"增收"，2026年商业化进程加速。 消息面上，工业和信息化部印发《推动工业互联网平台高质量发展行动方案（2026—2028年）》。方案 指出，加快培育流程自动化助手、智慧巡检数字人、具身智能装备等自决策、自执行、自演进的工业场 景智能体。其中提到，实施工业互联网与人工智能融合赋能行动，推动人工智能技术在工业全链条渗 透。 风险 ...

Core Viewpoint - The commercial aerospace sector experienced a strong rebound on January 14, 2026, with significant gains in satellite-related stocks and ETFs, indicating a positive market sentiment towards the industry [1]. Group 1: Market Performance - The Satellite ETF (159206) rose by 5.04%, with key stocks such as Jiayuan Technology hitting a 20% limit up, Haige Communication up 10%, and Zhongke Xingtou increasing over 15% [1]. - The latest scale of the Satellite ETF reached 15.592 billion yuan, marking a new high since its inception [2]. Group 2: Fund Inflows - The Satellite ETF has seen continuous net inflows over the past eight days, with a peak single-day net inflow of 1.886 billion yuan, totaling 7.366 billion yuan in net inflows, averaging 921 million yuan per day [3]. Group 3: Industry Developments - On January 12, 2026, the successful suborbital flight test of the Zhongke Yuhang Lihong No. 1 spacecraft was completed, and on January 13, 2026, 18 low-orbit satellites were successfully launched using the Long March 8 rocket [5]. - China formally applied for frequency resources for 203,000 satellites to the International Telecommunication Union (ITU), which is seen as a strategic move to enhance the country's digital infrastructure [6]. - According to Guojin Securities, 2026 is expected to be a pivotal year for China's commercial aerospace sector, shifting from speculative investments to fundamental performance-based investments [6].