Core Insights - The conference themed "Chain Gathering Industry Forces to Build a Strong Space Nation" was held in Shanghai, focusing on the development of commercial aerospace as part of national strategic deployment [1] - China Aerospace Science and Technology Corporation (CASC) plans to promote new fields such as space tourism, space digital infrastructure, space resource development, and space traffic management during the 14th Five-Year Plan period [1][2] Group 1: Space Tourism - The company aims to accelerate the iteration of suborbital and orbital space tourism vehicles, completing relevant unmanned or manned flight validations [1] - A comprehensive operational system for space tourism will be established to achieve regular suborbital space tourism flights and gradually develop orbital space tourism [1] Group 2: Space Digital Infrastructure - Plans include the construction of gigawatt-level space digital infrastructure, creating a new type of space system architecture that integrates cloud, edge, and terminal [1] - The goal is to achieve deep integration of computing power, storage capacity, and transportation capacity, enabling "sky computing" and "earth-sky computing" [1] Group 3: Space Resource Development - The company will conduct major project demonstrations for space resource development, focusing on breakthroughs in key technologies such as small celestial body resource exploration, intelligent autonomous mining, low-cost transfer transportation, and in-orbit processing [1] Group 4: Space Traffic Management - Key technology research will be conducted on space debris monitoring, early warning, and removal, laying a solid foundation for China's proactive role in formulating international regulations for space traffic management [2] - This initiative aims to ensure the safe operation of space infrastructure [2]

Core Viewpoint - China Aerospace Science and Technology Corporation (CASC) plans to promote the development of new fields such as space tourism, space digital infrastructure, space resource development, and space traffic management during the 14th Five-Year Plan period [1] Group 1: Space Tourism Development - CASC aims to accelerate the iteration of suborbital and orbital space tourism vehicles, completing relevant unmanned or manned flight validations and establishing a comprehensive space tourism operation system [1] - Domestic commercial aerospace companies like Xinghe Power, Blue Arrow Aerospace, and China Aerospace Science and Industry Corporation have expressed plans related to space tourism [1] - The "Lihong" series of reusable spacecraft, developed by China Aerospace Science and Industry Corporation, is the first fully reusable spacecraft in China aimed at space tourism, capable of over 30 flights [1] Group 2: Space Resource Development - CASC plans to conduct a major project called "Tiangong Kaiwu" to develop a comprehensive experimental and ground support system for space resource development, focusing on key technologies such as small celestial body resource exploration and intelligent autonomous mining [1] - The commercial aerospace sector is expected to drive advancements in upstream and downstream industries such as advanced materials and precision manufacturing, providing solid support for national strategies in space resource development [1] Group 3: Space Infrastructure and Traffic Management - The future "national team" will build gigawatt-level space digital infrastructure, creating a new type of space system architecture that integrates computing power, storage, and transportation [2] - Key technology breakthroughs in space debris monitoring, early warning, and removal will lay a solid foundation for China's proactive role in international space traffic management rule-making [2] Group 4: Market Trends and Investment Strategies - The commercial aerospace sector is experiencing increased policy and time catalysts, leading to a sustained rise in industry prosperity [2] - By 2026, significant events in commercial aerospace are expected, with policies elevating the sector to a strategic level comparable to semiconductors [2] - Investment strategies suggest a "barbell" approach, focusing on state-owned enterprises with core frequency resources and private leaders in commercial rockets and satellite components [3] Group 5: Related Market Segments - Rocket manufacturing and launch services are expected to see exponential growth in demand due to breakthroughs in reusable rocket technology and increased launch frequency [4] - Satellite manufacturing and operations are positioned as the largest and most certain market segment within the commercial aerospace industry, driven by the accelerated construction of low Earth orbit satellite constellations [5] - The demand for high-performance aerospace materials and 3D printing technology is increasing, driven by the need for lightweight, high-strength materials and cost reduction in manufacturing [6]

消息面上，据新浪财经报道，中国航天科技集团今日发布商业航天升级规划，明确将加速发展可复用火 箭与卫星星座能力，并拓展低轨互联网、车联网等多元应用场景。 盘面上，两市窄幅震荡，航空航天概念小幅下跌。相关ETF方面，航空航天ETF天弘（159241）标的指 数盘中跌0.31%，成交额达8328.55万元。成分股中，长盈通、振芯科技、航发动力等多股跟跌。 值得关注的是，Wind显示，航空航天ETF天弘（159241）近5个交易日（2026年01月22日～2026年01月 28日）实现连续"吸金"，航空航天ETF天弘（159241）最近20个交易日累计获资金净流入2.85亿元。截 至2026年01月28日，该基金最新规模为9.48亿元。 航空航天ETF天弘（159241）布局商业航天主题投资机会。该ETF成分股覆盖航空装备、航天装备等细 分领域，涉及卫星互联网、太空光伏、大飞机、低空经济等前沿科技方向，有望受益于政策与市场的双 重推动。 东北证券指出，商业航天被纳入国家政策重点，2025年上半年全球商业发射占比超70%，国内发射量同 比增长40%，产业链将受益于卫星网络建设与高端零部件需求扩张。 （文章来源：每日经济 ...

Core Viewpoint - The data indicates significant capital inflows into various stocks, highlighting investor interest in specific sectors and companies, particularly in cultural, beverage, and technology industries [1][2][3] Group 1: Stock Performance and Capital Inflows - BlueFocus has seen a capital inflow of 2.713 billion, with a price increase of 14.15% [2] - Kweichow Moutai attracted 2.559 billion in capital, reflecting a 6.88% rise [2] - Northern Rare Earth experienced a 7.77% increase with 1.610 billion in inflows [2] - iFlytek recorded a capital inflow of 1.557 billion, with a 6.96% rise [2] - Aerospace Science and Technology saw 1.144 billion in inflows, with a notable increase of 9.98% [2] Group 2: Sector Analysis - The cultural sector, represented by BlueFocus and Zhejiang Wenlian, shows strong investor interest, with inflows of 2.713 billion and 0.850 billion respectively [2][3] - The beverage industry, particularly Kweichow Moutai and Wuliangye, continues to attract significant capital, indicating robust consumer demand [2][3] - The technology sector, including companies like iFlytek and Tianfu Communication, demonstrates growth potential with substantial capital inflows [2][3] Group 3: Additional Notable Stocks - TCL Zhonghuan in the photovoltaic equipment sector attracted 0.651 billion, with a 5.83% increase [2] - Baosteel shares saw inflows of 0.650 billion, reflecting a 2.69% rise [2] - Other notable stocks include Longxin Bochuang and Luzhou Laojiao, with inflows of 0.595 billion and 0.578 billion respectively, indicating diverse investment interests across sectors [3]

Core Viewpoint - The data indicates significant capital inflows into various stocks, highlighting investor interest in specific sectors and companies, with notable amounts flowing into BlueFocus and Kweichow Moutai among others [1][2][3] Group 1: Stock Performance and Capital Inflows - BlueFocus saw a capital inflow of 2.814 billion, with a price increase of 14.59% [2] - Kweichow Moutai experienced a capital inflow of 1.638 billion, with a price increase of 3.72% [2] - iFlytek had a capital inflow of 1.599 billion, with a price increase of 10% [2] - Northern Rare Earth attracted 1.397 billion in capital inflow, with a price increase of 8.34% [2] - Tianfu Communication received 1.090 billion, with a price increase of 5.09% [2] - Zhejiang Wenhu Interconnect had a capital inflow of 0.779 billion, with a price increase of 9.98% [2] - TCL Zhonghuan saw a capital inflow of 0.667 billion, with a price increase of 7.99% [2] - Baosteel received 0.608 billion, with a price increase of 4.23% [3] - Changxin Bochuang attracted 0.558 billion, with a price increase of 7.27% [3] - Jiejia Weichuang had a capital inflow of 0.553 billion, with a price increase of 11.6% [3] - Aerospace Science and Technology received 0.524 billion, with a price increase of 7.13% [3] - Yanshan Technology attracted 0.503 billion, with a price increase of 4.81% [3] - Shenghe Resources had a capital inflow of 0.486 billion, with a price increase of 10% [3] - Tianlong Group saw a capital inflow of 0.483 billion, with a price increase of 18.8% [3] - Kunlun Wanwei received 0.436 billion, with a price increase of 6.93% [3] - Junhai received 0.416 billion, with a price increase of 34.46% [3] - 360 had a capital inflow of 0.407 billion, with a price increase of 4.79% [3] - Xinke Mobile U attracted 0.400 billion, with a price increase of 5.92% [3] - Luzhou Laojiao received 0.395 billion, with a price increase of 5.54% [3]

Core Viewpoint - China Aerospace Science and Technology Corporation (CASC) plans to promote the development of new fields such as space tourism, space digital infrastructure, space resource development, and space traffic management during the 14th Five-Year Plan period [1] Space Tourism - Accelerate the iteration of suborbital and orbital space tourism vehicles, complete relevant unmanned or manned flight verification, establish a comprehensive space tourism operation system, and achieve regular suborbital space tourism flights while gradually developing orbital space tourism [2] Space Digital Infrastructure - Build gigawatt-level space digital infrastructure, create a new type of space system architecture integrating cloud, edge, and terminal, and achieve deep integration of computing power, storage, and transportation, enabling "sky computing," "ground computing," and "joint computing" [3] Space Resource Development - Conduct major project demonstrations for "Heavenly Works," establish a comprehensive experimental and ground support system for space resource development, and focus on breakthroughs in key technologies such as small celestial body resource exploration, intelligent autonomous mining, low-cost transfer and transportation, and in-orbit processing [4] Space Traffic Management - Develop key technologies for space debris monitoring, early warning, and removal, laying a solid foundation for China to gain initiative in the formulation of international rules for space traffic management and ensuring the safe operation of space infrastructure [5] Commercial Launch Capability Enhancement - Implement a commercial launch capability enhancement project to develop internationally competitive commercial launch vehicles, achieve regular transportation, and establish reusable commercial rockets with a near-Earth orbit capacity of 20 tons [5] Heavy Launch Vehicle Development - Complete the development of heavy launch vehicles and related reusable testing, achieving a near-Earth orbit capacity of 100 tons [5] Commercial Satellite Efficiency Improvement - Develop new satellites and advanced payloads, and carry out satellite constellation construction, including national satellite internet constellations and various new application satellite constellations [5] Advanced Manufacturing Capability - Promote advanced manufacturing technologies such as additive manufacturing and ultra-precision processing to enhance flexible, intelligent, and large-scale production capabilities to meet the needs of large-scale constellation construction [5] Strengthening Commercial Space Infrastructure - Implement an industrial infrastructure enhancement project to address shortcomings in launch, recovery, and measurement control, and establish a complementary commercial launch site system [6] Integrated Commercial Space Measurement and Control Network - Create an integrated commercial space measurement and control network that connects various technical interfaces across different orbits and networks, providing intelligent, low-cost, and high-reliability solutions [6] Space Application Industry Expansion - Strengthen application technology research, build an integrated space-ground information network, and develop new concepts and methods for space information systems [6] New Application Scenarios - Focus on low Earth orbit satellite internet, fostering services such as mobile direct connection, aviation internet, and vehicle networking, while developing new applications in space environment, space computing, and space debris removal [7][8]

Core Viewpoint - The China Aerospace Science and Technology Corporation (CASC) plans to promote the development of new fields such as space tourism, space digital infrastructure, space resource development, and space traffic management during the 14th Five-Year Plan period [1] Space Tourism - CASC aims to accelerate the iteration of suborbital and orbital space tourism vehicles, complete relevant unmanned or manned flight validations, and establish a comprehensive operational system for space tourism, with the goal of achieving regular suborbital space tourism flights and gradually developing orbital space tourism [1] Space Digital Infrastructure - The company plans to build gigawatt-level space digital infrastructure, creating a new type of space system architecture that integrates cloud, edge, and terminal, enabling deep integration of computing power, storage capacity, and transportation capacity, facilitating "sky computing" and "earth-sky computing" [1] Space Resource Development - CASC will conduct major project demonstrations for "Heavenly Works," establishing a comprehensive experimental and ground support system for space resource development, focusing on breakthroughs in key technologies such as small celestial body resource exploration, intelligent autonomous mining, low-cost transfer and transportation, and in-orbit processing [1] Space Traffic Management - The corporation will work on key technologies for monitoring, early warning, and removal of space debris, laying a solid foundation for China to gain initiative in the formulation of international rules for space traffic management and ensuring the safe operation of space infrastructure [1]

1月29日，航天科技涨5.21%，截至发稿，报26.87元/股，成交9.32亿元，换手率4.48%，总市值214.48亿 元。 资料显示，航天科技控股集团股份有限公司位于北京市丰台区海鹰路6号院2号楼，成立日期1999年1月 27日，上市日期1999年4月1日，公司主营业务涉及车联网及工业物联网、航天应用产品、汽车电子、石 油仪器设备和电力设备。主营业务收入构成为：汽车电子84.98%，航天应用产品9.36%，平台软件及感 知设备6.62%，其他业务0.31%。 从航天科技十大流通股东角度 数据显示，国泰基金旗下1只基金位居航天科技十大流通股东。国泰中证军工ETF（512660）三季度减 持102.58万股，持有股数544.33万股，占流通股的比例为0.68%。根据测算，今日浮盈赚取约723.96万 元。 国泰中证军工ETF（512660）基金经理为艾小军。 截至发稿，艾小军累计任职时间12年20天，现任基金资产总规模1869.73亿元，任职期间最佳基金回报 340.84%， 任职期间最差基金回报-46.54%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出 ...

Core Viewpoint - China Aerospace Science and Technology Corporation plans to develop new fields such as space tourism, space digital infrastructure, space resource development, and space traffic management during the 14th Five-Year Plan period [1] Group 1: Space Tourism - The company aims to accelerate the iteration of suborbital and orbital space tourism vehicles, completing relevant unmanned or manned flight verification [1] - A comprehensive space tourism operation system will be established to achieve regular suborbital space tourism flights and gradually develop orbital space tourism [1] Group 2: Space Digital Infrastructure - The construction of gigawatt-level space digital infrastructure is planned, creating a new type of space system architecture that integrates cloud, edge, and terminal [1] - The goal is to achieve deep integration of computing power, storage capacity, and transportation capacity, enabling "sky computing" and "earth-sky computing" [1] Group 3: Space Resource Development - The company will conduct major project demonstrations for space resource development, establishing comprehensive experimental and ground support systems [1] - Key technologies to be focused on include small celestial body resource exploration, intelligent autonomous mining, low-cost transfer and transportation, and in-orbit processing [1] Group 4: Space Traffic Management - Key technology research will be conducted on space debris monitoring, early warning, and removal [1] - This initiative aims to lay a solid foundation for China's proactive role in the formulation of international rules for space traffic management and ensure the safe operation of space infrastructure [1]

经济观察网商业航天概念震荡拉升，航天科技（000901）直线涨停，航天科技、巨力索具（002342）、 中国卫星（600118）、航天机电（600151）、航天工程（603698）跟涨。 ...