12月24日，第三届中国商业航天发展大会在北京召开，商业航天概念卷土重来，此外，国家航天局相关 负责人表示，目前我国在轨遥感卫星数量已达到400余颗，覆盖光学、高光谱、红外及微波类型，已实 现全天候、全天时对地观测。 开源证券指出，2030年中国商业航天发射与制造产值有望达850亿元。商业航天实现规模化应用高度依 赖低成本、高频次的发射能力，而可复用火箭正是关键。目前中国可回收火箭已进入工程验证阶段，蓝 箭航天朱雀三号、长征十二号甲等多型火箭密集试飞，预计未来三年将进入"边发射、边迭代"的商业化 初期。同时，海南商业航天发射场一期投用、二期扩建，加速补齐发射基础设施短板。随着技术迭代与 配套完善，太空算力和其他新兴应用有望推动商业航天迎来具备规模化商业价值的产业变革。对标猎鹰 9号火箭的发射价格及发射频次，2030年中国有望实现年发射100次、单次成本约1亿元水平，火箭发射 及卫星制造年产值有望达到850亿元。 截至2025年12月25日 09:33，中证国防指数(399973)上涨0.85%，成分股西部材料(002149)上涨4.19%， 华秦科技(688281)上涨3.56%，航天电器(002025)上涨 ...

12月24日，A股午后发力，指数、板块和个股普遍收高，超4000只个股飘红。机构"去弱留强"调仓，军工、电子板块 领涨，消费与周期板块承压。成交额微降至1.9万亿元。 受访人士表示，市场对跨年行情仍观望，多头共识尚待形成。若明日站稳3936点，春季行情或有望开启。投资者不宜 盲目追高，建议"成长为主、消费为辅"配置。 A股午后拉升 今日早盘指数窄幅震荡，午后震荡走高。最终沪指收涨0.53%报3940.95点，创业板指收涨0.77%报3229.58点，深证成 指收涨0.88%。科创50、沪深300、北证50微涨，上证50微跌。 今日成交额1.9万亿元，较前一个交易日缩量约242亿元。杠杆资金热度增加，沪深京两融余额增至2.53万亿元。 盘面上，商业航天、航空航天、电子设备制造、电子元件、被动元件、天基互联均大涨，但煤炭、畜牧业、猪肉概念 领跌。 | 名称 | . | **** | 涨停家数 | 跌停家数 | 成交额 | 年初至今涨幅% | 5日涨幅% | | --- | --- | --- | --- | --- | --- | --- | --- | | 国防军工(中万) | | 2.88 | 7 | 0 | ...

为激发全社会尤其是青少年对航天的兴趣，中关村领创商业航天产业发展联盟与微博航天等多家机构联 合发起"星辰领航者"全国航天科普大赛。赛事依托社交媒体平台广泛征集科普作品，推动航天科普教育 普及，打造全民参与的航天文化生态，构建"产业发展+科普普及"良性循环，激发全社会尤其是青少年 的航天热情。 同期，多家高校与企业联合发布"星耀未来"商业航天人才培养与实施计划。该计划以定制化培养为核 心，精准对接企业需求制定专属培养方案，同步建立岗位技能标准、明确核心能力要求，通过整合校企 该基金由中关村领创商业航天产业发展联盟联合多家投资机构发起，定位"耐心资本"，重点投向商业航 天领域高成长性初创企业及技术创新项目，尤其聚焦核心元器件、新材料、先进制造工艺等"卡脖子"环 节。 大会以"智创航天新生态，共启产业新征程"为主题，聚焦商业载人航天、太空交通治理与空间态势感 知、核心元器件、先进航天材料、航天技术成果转化等关键领域，通过政策解读、专题报告、重大项目 发布、专家研讨、资源对接等多元形式构建全产业链交流合作平台。 作为产业发展的"风向标"，大会 集中发布多项重磅成果，从行业研究、金融支持、人才培养到项目落地全方面助力商 ...

Market Performance - The military electronics sector increased by 3.3% compared to the previous trading day, with Xin Jing Gang leading the gains [1] - The Shanghai Composite Index closed at 3940.95, up 0.53%, while the Shenzhen Component Index closed at 13486.42, up 0.88% [1] Stock Performance - Xin Jing Gang (300629) closed at 22.66, up 20.02%, with a trading volume of 525,900 shares and a transaction value of 1.129 billion [1] - Huo Ju Electronics (603678) closed at 36.14, up 10.02%, with a trading volume of 448,100 shares and a transaction value of 1.577 billion [1] - He Zhong Shi Zhuang (002383) closed at 11.37, up 9.96%, with a trading volume of 440,000 shares and a transaction value of 496 million [1] - Other notable stocks include Ya Guang Technology (300123) up 9.69%, and Aerospace Development (000547) up 9.34% [1] Capital Flow - The military electronics sector saw a net inflow of 1.351 billion from institutional investors, while retail investors experienced a net outflow of 35.336 million [2][3] - Major stocks like Huo Ju Electronics and Bei Dou Xing Tong had significant net inflows from institutional investors, indicating strong interest [3]

Market Overview - The market experienced a significant rally, with the Shanghai Composite Index opening high and closing up by 0.53%, while the Shenzhen Component Index rose by 0.88% and the ChiNext Index increased by 0.77% [1] - Over 4,100 stocks in the market saw gains, indicating broad-based participation in the rally [1] Sector Performance - The commercial aerospace sector showed strong performance, with over 20 constituent stocks hitting the daily limit, including Shenjian Co. with five consecutive limit-ups and Guoji Precision Engineering with three limit-ups in four days [1] - The computing hardware sector also saw gains, highlighted by Huanxu Electronics achieving three limit-ups in six days and Yintang Zhikong hitting the daily limit [2] - The Fujian sector strengthened, with Anji Food achieving four limit-ups in seven days and Hexing Packaging recording three consecutive limit-ups [3] - The PCB (Printed Circuit Board) sector surged, with Shengyi Technology hitting the daily limit and reaching a historical high [4] - Conversely, the dairy sector faced a collective adjustment, with Zhuangyuan Pasture hitting the daily limit down [5] Trading Volume - The total trading volume for the Shanghai and Shenzhen markets reached 1.88 trillion yuan, a decrease of approximately 195.72 billion yuan compared to the previous trading day [6] - The Shanghai market accounted for 773.93 billion yuan, while the Shenzhen market contributed 1.11 trillion yuan [6] Top Stocks by Trading Volume - The stock with the highest trading volume was Zhongji Xuchuang, with a turnover of 14.75 billion yuan, followed by Industrial Fulian at 14.13 billion yuan, Xinyi Sheng at 13.51 billion yuan, Aerospace Development at 11.95 billion yuan, and Shenghong Technology at 11.27 billion yuan [6]

Group 1 - The satellite industry is experiencing significant growth driven by policy support and commercial application advancements, with the satellite ETF Guangfa (512630) rising over 4% on December 24, 2023, and over 14% since the beginning of December [1][2] - The China Commercial Aerospace Development Conference held in Beijing released a report indicating that there have been 325 space launches globally, with China accounting for 87 launches (84 successful), and 23 of these by private commercial rocket companies, resulting in 324 satellites in orbit [1][2] Group 2 - The policy environment has emphasized the critical role of commercial aerospace and satellite internet in "new infrastructure" and "integrated space-ground networks," with the Ministry of Industry and Information Technology issuing satellite communication licenses to facilitate the transition from experimental to large-scale commercial use [2] - The global satellite internet market is projected to grow at a compound annual growth rate of 18.1% from 2025 to 2030, with China emerging as a significant growth driver due to supportive policies and technological advancements [2] - The CSI Satellite Industry Index has outperformed mainstream broad-based indices, rising over 35% in the past year, with constituent stocks primarily in defense, computer, electronics, and communication sectors, indicating high growth potential and technology intensity [2] - The satellite industry is viewed as a strong strategic investment opportunity, currently at a pivotal moment characterized by policy support, technological breakthroughs, and expanded applications, making it an ideal time to invest in the sector [2]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月24日早盘，军工板块持续上攻，行业涨幅高居31个申万一级全行业首位，主力资金大举涌入，截至 发稿净买入逾101亿元，居全行业第二位。 开源证券指出，随着技术迭代与配套完善，太空算力和其他新兴应用有望推动商业航天迎来具备规模化 商业价值的产业变革。对标猎鹰9号火箭的发射价格及发射频次，2030年中国有望实现年发射100次、单 次成本约1亿元水平，火箭发射及卫星制造年产值有望达到850亿元。 中信建投证券最新研报表示，我国多枚商业航天火箭计划发射，多重利好叠加推动军工板块短期上涨。 当前板块处于业绩增速、资金配置双重底部区间，国内外催化因素或将持续出现，为板块上涨注入新动 力，新域新质领域催化不断，建议积极把握结构性反弹机会，静待下一轮周期到来。 【八一军工，大展宏图】代码有"八一"的军工ETF华宝（512810）（原国防军工ETF）覆盖"商业航天 + 可控核聚变 + 低空经济 + 大飞机 + 深海科技 + 军用AI "等诸多热门主题，同时是融资融券+互联互通标 的，是一键投资军工核心资产的高效工具。 数据来源：沪深交易所等。 风险提 ...

仅歇1日，今日（12月24日）军工板块火速反弹，场内高人气军工ETF华宝（512810）盘中拔地而起，直线冲高1.25%！ 【八一军工，大展宏图】代码有"八一"的军工ETF华宝（512810）（原国防军工ETF）覆盖『商业航天 +可控核聚变+ 低空经济+ 大飞机 + 深 海科技 + 军用AI』等诸多热门主题，同时是融资融券+互联互通标的，是一键投资军工核心资产的高效工具。 数据来源：沪深交易所等。 风险提示：军工ETF华宝被动跟踪中证军工指数，该指数基日为2004.12.31，发布于2013.12.26。文中提及个股仅为指数成份股客观展示列举， 不作为任何个股推荐，不代表基金管理人和基金投资方向。任何在本文出现的信息（包括但不限于个股、评论、预测、图表、指标、理论、 任何形式的表述等）均只作为参考，投资人须对任何自主决定的投资行为负责。另，本文中的任何观点、分析及预测不构成对阅读者任何形 式的投资建议，本公司亦不对因使用本文内容所引发的直接或间接损失负任何责任。投资人应当认真阅读《基金合同》、《招募说明书》、 《基金产品资料概要》等基金法律文件，了解基金的风险收益特征，选择与自身风险承受能力相适应的产品。基金 ...

Event Overview - The 2026 Beijing International Commercial Aerospace Exhibition will be held from January 23 to 25, 2026, at the Yichuang International Convention Center in Beijing, co-hosted by the Zhongguancun Yichuang Commercial Aerospace Alliance and Beijing Yichuang Star Arrow Technology Development Co., Ltd. [1] - This exhibition marks the first international commercial aerospace event in the "14th Five-Year Plan" period, aiming to create a platform for the entire industry chain and is expected to gather over 75% of leading domestic rocket manufacturing companies, with more than 300 exhibitors and over 20,000 professional visitors [1][2] Exhibition Highlights - The exhibition will feature four core areas: satellite manufacturing, rocket and launch systems, aerospace applications, and aviation services and support [2] - The third Beijing Commercial Aerospace Industry High-Quality Development Conference will take place concurrently, showcasing the latest innovations in the industry through reports, roundtable discussions, and project signings [2] Global Competition Acceleration - In December 2025, the Zhuque-3 rocket successfully completed its maiden flight, and China has launched several satellites, including the Resource-3 04 satellite and a constellation of low-orbit satellites [3] - Internationally, significant developments include Trump's reaffirmation of the goal to return to the Moon by 2028, SpaceX's plans for an IPO with a target valuation of approximately $1.5 trillion, and advancements in satellite technology by companies like Starcloud and Google [3] Market Growth Projections - According to a report by the Ministry of Industry and Information Technology, China's commercial aerospace market is expected to exceed 2.5 trillion yuan by 2025, with annual output value in rocket launches and satellite manufacturing projected to reach 85 billion yuan by 2030 [4] - The maturation of reusable rocket technology is anticipated to enable China to achieve 100 launches per year by 2030, with a cost of approximately 10 million yuan per launch [4] Industry Chain Companies - In the upstream sector, key players in rocket manufacturing include Superjet Co., Srey New Materials, Aerospace Power, and others, focusing on rocket structure components and engine support [7] - In satellite manufacturing, China Satellite is a leading company, with others like Guobo Electronics and Zhenlei Technology possessing core technologies in satellite payloads [7] Midstream and Downstream Services - The midstream sector benefits from increased launch frequency, with companies providing rocket launch and recovery services, while ground equipment providers like Haige Communication and Zhongke Xingtai offer ground control and data processing services [8] - Downstream applications focus on satellite communication, remote sensing, and navigation, with companies in the low-altitude economy, such as Lijun Co. and Weihai Guotai, also benefiting from industry integration [9]

消息面上，2025第三届商业航天发展大会暨第四届中关村商业航天大会定于2025年12月24日在北京召 开，商业航天进入密集催化期。本届大会主题为"智创航天新生态，共启产业新征程"。大会将聚焦三大 核心：一是解读国家商业航天最新政策导向，二是研讨关键技术联合攻关与产业生态建设路径，三是搭 建"政产学研用"协同对接平台。数据显示，我国商业航天市场规模从2015年的约0.38万亿元增长至2024 年的2.3万亿元，年均复合增长率约22%，预计到2030年有望达到7万亿元至10万亿元。 华西证券指出，当前商业航天领域正经历从一次性制造到复用成本的模式转型。以SpaceX为代表的企 业通过提升复用率与发射频次持续降低单位成本，中国商业航天亦在加速实现技术突破与成本收敛。行 业呈现寡头格局，下游发射服务商凭借订单优势掌握供应链话语权。投资方向涵盖火箭制造、核心部件 及太空算力等领域。 航空航天ETF（159227）紧密跟踪国证航天指数，覆盖航空装备、航天装备、卫星导航、新材料等关键 产业链环节，商业航天概念权重占比高达64%。前十大重仓股中包含了航天发展、中国卫星、航天电 子、中航机载、中航高科等行业龙头。 截至2025 ...