证券日报网讯 航天智造9月30日在互动平台回答投资者提问时表示，公司控股股东为航天七院，隶属于 航天科技集团。公司秉承创新驱动发展理念，致力于推动航天技术在民用产业的应用，其中航天能源以 航天火工技术为源泉，逐步形成了特种能源、精密机械和智能控制"三位一体"的技术能力，开发出射孔 和完井全系列产品；航天模塑由成都塑胶分厂和成都航天模具中心股份制改造而来，是航天模具技术在 民品领域的应用。 （编辑 王雪儿） ...

Core Insights - The commercial aerospace sector is experiencing active investment and financing, with significant recent funding rounds completed by companies such as Beijing Xinghe Power and Interstellar Glory [1][2]. Group 1: Financing Activities - Beijing Xinghe Power successfully completed a Series D financing round totaling 2.4 billion yuan [1]. - Interstellar Glory completed the first tranche of its D+ round financing, amounting to 700 million yuan [1]. - Other companies in the commercial aerospace sector, such as Beijing Weina Starry Sky Technology and Blue Arrow Aerospace, are also preparing for IPOs this year [1]. Group 2: Investment Sources - Investors in Xinghe Power's financing include various local government funds and investment groups from Beijing and Nanjing [2]. - Interstellar Glory's financing was led by Chengdu Advanced Capital and supported by several local investment funds [2]. - The involvement of local government funds reflects a strong commitment to developing the commercial aerospace industry [2]. Group 3: Industry Trends and Developments - The demand for commercial aerospace services is becoming clearer, bolstered by the entry of state-owned telecom operators into the market [2]. - The industry is transitioning from infrastructure development to terminal operation services, which is crucial for closing the business model loop [2]. - Since July, there has been an increase in the launch frequency of low Earth orbit satellites in China, indicating a growing market [2]. Group 4: R&D Focus - The primary purpose of the recent financings is to accelerate the development of reusable launch vehicles [3]. - Xinghe Power's funds will be used to enhance the development and production capabilities of its "Zhishen Star" series and "Gushen Star No. 2" rockets [3]. - Interstellar Glory plans to use its funds for the development of the "Hyperbola No. 3" reusable rocket and the construction of production bases in Chengdu [3]. Group 5: Future Projections - The industry anticipates a 30% to 60% reduction in unit payload costs as reusable rockets enter mass production, which will alleviate capacity constraints in the satellite internet sector [3]. - Companies are preparing to meet future high-frequency launch demands, with plans to expand production capacity to support at least 20 rocket launches annually [3].

证券代码：000901 证券简称：航天科技 公告编号：2025-临-051 航天科技控股集团股份有限公司 关于召开公司 2025 年第三次临时股东会的 提示性公告 本公司及公司全体董事会成员保证公告内容的真实、准确和完整，不 存在虚假记载、误导性陈述或者重大遗漏。 根据航天科技控股集团股份有限公司（以下简称公司或航天科技） 第八届董事会第二次（临时）会议决议，《关于召开公司 2025 年第 三次临时股东会的通知》已于 2025 年 9 月 24 日刊登在巨潮资讯网 （http://www.cninfo.com.cn）和《上海证券报》。现将有关事项再 次提示如下： 一、召开会议的基本情况 （一）股东会届次：航天科技 2025 年第三次临时股东会 1 本次股东会采取现场表决与网络投票相结合的方式。公司将通过 深 圳 证 券 交 易 所 交 易 系 统 和 互 联 网 投 票 系 统 （http://wltp.cninfo.com.cn）向公司股东提供网络形式的投票平 台，公众股东可以在网络投票时间内通过上述系统行使表决权。 同一表决权只能选择现场投票和网络投票中的一种表决方式。同 一表决权出现重复表决的，以第一次 ...

Core Points - The Long March 2D rocket successfully launched on September 29, 2023, carrying the experimental satellites 01 and 02 into their designated orbits, marking a successful mission [1] - This launch represents the 100th flight of the Long March 2D rocket, making it the second Chinese rocket model to surpass 100 launches, setting a new record in China's space launch history [1] - The Long March 2D rocket has been a key player in launching satellites into low Earth orbit and sun-synchronous orbit since its first successful flight in 1992, known for its high reliability, excellent performance, and safety [1] Company and Industry Summary - The Long March 2D rocket has successfully launched over 300 satellites to date, supporting various satellite types including remote sensing, mapping, and space science, thus contributing significantly to scientific exploration, economic development, and technological advancement [1] - The rocket has also provided high-quality international launch services, enhancing China's reputation in the global aerospace market [1] - This launch is the 598th mission of the Long March series of rockets, indicating the extensive experience and capability of China's space launch industry [1]

Group 1: Satellite Launch and Pipeline Development - China successfully launched 11 low-orbit satellite internet satellites using the Long March 6 carrier rocket, marking the 597th flight of the Long March series [1] - The total length of China's underwater oil and gas pipelines has surpassed 10,000 kilometers, positioning the country among the world's leaders in this sector [2] - The construction of underwater pipelines in China has achieved multiple breakthroughs this year, with the completion of two underwater pipelines in the Hainan Island Yinggehai area [4] Group 2: Pipeline Network Density and Future Plans - The Bohai Sea pipeline network density has reached over 4 kilometers of pipeline per 100 square kilometers of sea area, with nearly 200 kilometers of new underwater oil and gas pipelines built this year [6] - By 2030, China's underwater pipeline total length is expected to exceed 13,000 kilometers, enhancing the marine energy transportation network and supporting the transition to clean energy [8] Group 3: Infrastructure Development - The Huajiang Grand Canyon Bridge in Guizhou officially opened on September 28, becoming a key project for the Liuzhi to Anlong Expressway, with a total length of 2,890 meters and a main span of 1,420 meters [9] - The travel time between Guizhou's Guanyin County and Zhenfeng County has been reduced from 2 hours to approximately 2 minutes due to the bridge's opening [11]

Core Points - The successful launch of the Fengyun-3 08 satellite (H star) on September 27, 2025, marks a significant achievement for China's space infrastructure development [1] - The satellite is equipped with nine remote sensing payloads, including a medium-resolution spectral imager and a microwave imager, focusing on climate change monitoring and enhancing weather forecasting capabilities [1] Company and Industry Summary - The Fengyun-3 08 satellite is part of China's long-term development plan for civil space infrastructure, aimed at improving global numerical weather forecasting and disaster prevention capabilities [1] - The China National Space Administration (CNSA) is responsible for the overall management and coordination of the satellite project, while the China Meteorological Administration oversees ground and application system construction [1] - China Aerospace Technology Corporation's Shanghai Academy of Spaceflight Technology is in charge of the satellite and launch vehicle system development [1] - This mission represents the 596th launch of the Long March series of launch vehicles, highlighting the ongoing advancements in China's space capabilities [1]

内容概要：商业运载火箭是指采用市场化机制，以商业盈利为主要导向，为卫星、飞船等航天器提供发 射服务的运载工具。近年来，国家从战略高度密集出台多项政策，构建覆盖技术研发、生产制造及发射 服务的全链条支撑体系；同时北京、上海、广东等地也推出差异化措施，形成"中央统筹+地方竞合"的 政策协同模式，推动产业集群化发展。在市场需求方面，随着"千帆星座"、"国网星座"等低轨通信星座 加速部署，2025年我国商业卫星发射需求预计接近1000颗，较2024年增长十倍，但当前运力供给仍显不 足——2024年全国共完成68次发射，仅将约250个飞行器送入太空，难以满足高密度组网需求。行业竞 争格局以高资质门槛为基础，呈现航天科技、科工集团等"国家队"主导，七家持证民营企业差异化互补 的梯队化特征。未来，行业将围绕"低成本、高频次、大运力"方向加速发展，依托可回收火箭技术突破 和海南商业发射场等基础设施扩容，推动发射成本下降和"航班化"发射模式实现，并逐步向太空旅游、 在轨服务等多元化应用生态拓展，构建具有国际竞争力的商业航天新体系。 上市企业：航天科技（000901.SZ）、航天动力（600343.SH） 相关企业：中国航天科技 ...

Core Viewpoint - The low Earth orbit (LEO) satellite industry in China is experiencing rapid growth driven by government policies, technological advancements, and market demand, with expectations for the market size to exceed 100 billion yuan by 2030, becoming a key infrastructure for digital economy and global communication [1][11]. Group 1: Industry Overview - Low Earth orbit satellites operate at altitudes between 160 kilometers and 2000 kilometers, characterized by short operational cycles and the ability to frequently revisit specific areas [2][5]. - The Chinese satellite internet industry is projected to grow from 265.59 billion yuan in 2020 to 376 billion yuan by 2025, with a compound annual growth rate of 7.4% [10][11]. Group 2: Policy Analysis - Since the 14th Five-Year Plan, the Chinese government has increased support for the commercial aerospace industry, designating it as a strategic emerging industry and a representative of "new quality productivity" [5][6]. - The 2024 government work report emphasizes the need to accelerate the development of commercial aerospace and its integration with low-altitude economy and biomanufacturing [6]. Group 3: Industry Chain - The LEO satellite industry chain in China consists of upstream technology development, midstream ecosystem integration, and downstream application expansion, with key players including state-owned enterprises and private companies [6][7]. - The industry is moving from "technology validation" to "scale commercialization," driven by policy support and the integration of 6G technology [7][10]. Group 4: Global and Domestic Development - The global LEO satellite market is highly competitive, with the U.S. leading through companies like SpaceX and OneWeb, while China is rapidly advancing its own projects such as "National Network Constellation" and "Thousand Sails Constellation" [8][9]. - As of August 2025, SpaceX's Starlink project has launched 8,926 satellites, with plans to expand to 42,000 by 2027, highlighting the intense competition for frequency and orbital resources [9]. Group 5: Future Trends - The Chinese LEO satellite industry is expected to accelerate, with significant policy support and ongoing projects aimed at large-scale deployment by 2030 [12][13]. - The market is anticipated to expand significantly, with the goal of achieving over 10 million satellite communication users by 2030, driven by the introduction of mobile direct satellite services [11][14]. - Technological innovations, such as inter-satellite laser communication and advanced antenna systems, will play a crucial role in enhancing communication capabilities and expanding market applications [13][15].

Group 1 - The core point of the article is that Aerospace Science and Technology (SZ 000901) announced a research meeting with investors scheduled for September 24, 2025, where company representatives will address investor inquiries [1] - For the first half of 2025, the revenue composition of Aerospace Science and Technology is as follows: automotive electronics manufacturing accounts for 84.98%, aerospace vehicle manufacturing accounts for 9.36%, other manufacturing accounts for 6.62%, other businesses account for 0.31%, and internal offsets account for -1.27% [1] - As of the time of the report, Aerospace Science and Technology has a market capitalization of 12.8 billion yuan [1]

Group 1: Aerospace Applications - The company's aerospace application products mainly include accelerometers, precision manufacturing, aerospace auxiliary materials, and testing and control equipment [2] - The technology level of the company's accelerometers and other inertial devices is at a leading domestic level, widely used in the aerospace field [2] - The company's self-developed accelerometers are known for their high precision, reliability, compact size, and lightweight, making them the preferred product for inertial navigation systems over the past 20 years [2] Group 2: Automotive Electronics - The automotive electronics business includes three main areas: safety, comfort, and autonomous driving, with key products such as seat belt detection systems [3] - The domestic automotive electronics business primarily focuses on commercial vehicles, while the overseas business centers on automotive electronic sensors [3] - Core products in the overseas market include in-cabin sensors, which cover features like reminder devices and occupant classification systems [3] Group 3: Asset Management - The recent asset sales are aimed at implementing the company's strategic planning, focusing on core responsibilities, and reallocating resources to drive company growth [2] Group 4: Internet of Vehicles - The company has developed a comprehensive service cloud platform for the Internet of Vehicles, including smart logistics and regulatory platforms for hazardous materials transportation [3] - The Internet of Vehicles business has competitive advantages in markets such as Shandong, Guizhou, Jiangxi, and Ningxia, with ongoing expansion in other provinces [3]