Group 1 - The stock price of Tongyu Communication closed at 18.25 yuan on August 21, 2025, down 5.39% from the previous trading day, with a trading volume of 1.389 billion yuan and a turnover rate of 23.96% [1] - Tongyu Communication's main business is in communication equipment manufacturing, covering areas such as 5G and satellite communication, with products including base station antennas and RF devices, primarily serving domestic and international telecom operators and equipment manufacturers [1] - Research reports indicate that increased policy support for commercial aerospace and the expansion of satellite constellation construction and industrial applications are expected to drive industry growth, with Tongyu Communication potentially benefiting from these industry trends [1] Group 2 - On August 21, 2025, the net outflow of main funds for Tongyu Communication was 151 million yuan, while there was a net inflow of 134 million yuan over the past five days [1]

Group 1 - The Guangdong Provincial Government has issued policies to promote high-quality development in the commercial aerospace sector from 2025 to 2028, focusing on satellite constellation construction and application industry expansion [1] - The policies aim to accelerate the implementation of satellite internet services in various innovative application scenarios, including low-altitude economy, mobile communication, logistics, smart cities, space mining, space tourism, and emergency rescue [1] - The government will enhance procurement support for innovative products through measures like government first purchases and priority procurement, encouraging industries to purchase domestic satellite-related data and products [1] Group 2 - The central economic meeting in 2023 classified the low-altitude economy as a strategic emerging industry, further emphasizing the importance of commercial aerospace and low-altitude economy in the 2024 government work report [2] - Various provinces and cities, including Sichuan, Beijing, Shanghai, and Wuhan, have introduced related documents or action plans, reflecting local governments' high regard and long-term planning for satellite internet, commercial aerospace, and low-altitude economy [2] - The urgency for low-orbit space resource deployment is increasing, driven by the rising number of SpaceX's Starlink satellites, with China's large satellite constellations primarily focusing on StarNet and Qianfan [2] Group 3 - Key technologies such as reusable rockets, low-cost satellites, and inter-satellite links are gradually achieving breakthroughs, leading to a clustering effect in regions like Guangdong, Shanghai, and Beijing [3] - The commercial aerospace sector in China is expected to experience significant growth in the next three years, with transportation costs for reusable rockets dropping below 30,000 yuan per kilogram, approaching the capabilities of overseas competitors [3] - The demand for low-altitude economy applications in urban air traffic, industrial applications, and agricultural production is growing, alongside the anticipated increase in space tourism demand, indicating a further expansion of the industry [3]

Core Insights - The report highlights the significant growth in net profits for several companies, with Jinli Permanent Magnet (金力永磁) reporting a 154.81% year-on-year increase in net profit for the first half of 2025, proposing a dividend of 0.18 yuan per share [9] - Fuyao Glass (福耀玻璃) also showed strong performance, with a net profit of 4.804 billion yuan for the first half of 2025, reflecting a 37.34% year-on-year growth and proposing a dividend of 0.9 yuan per share [9] - The report notes the rising prices in the photovoltaic film sector due to increased costs and improved supply-demand dynamics, indicating potential investment opportunities in related stocks such as Saiwu Technology (赛伍技术) and Jusaylong (聚赛龙) [7] Industry Dynamics - The report mentions that the China Securities Regulatory Commission is gradually expanding the range of futures and options products available for qualified foreign investors [5] - The Henan Provincial Financial Office states that the Zhengzhou Commodity Exchange is becoming a significant global center for futures trading, pricing, and risk management [5] - The report indicates a technological breakthrough in the mass production of monocrystalline chips, with related companies like Hite High-tech (海特高新) and Kaide Quartz (凯德石英) being highlighted [7] - The satellite internet sector in China is accelerating its network deployment, with companies such as Tongyu Communication (通宇通讯) and Tianyin Machinery (天银机电) being mentioned as key players [7] Market Overview - On August 20, the market experienced a rebound, with the Shanghai Composite Index, Shenzhen Component Index, and Sci-Tech Innovation 50 Index all reaching new highs for the year [11] - The total trading volume in the Shanghai and Shenzhen markets was 2.41 trillion yuan, a decrease of 180.1 billion yuan from the previous trading day, marking the sixth consecutive day of trading volume exceeding 2 trillion yuan [11] - The report notes a mixed performance among sectors, with chip stocks experiencing a surge, while high-priced stocks faced significant declines [11] - The outlook suggests a strong market momentum, with a focus on maintaining a watchful eye on the 5-day moving average for potential market movements [11]

截至2025年8月20日15时，通宇通讯股价报19.29元，较前一交易日上涨9.98%。当日开盘价为18.30元， 最高触及19.29元，成交额达16.14亿元。 通宇通讯主营业务为通信设备制造，涉及5G、卫星通信等领域。公司近年来积极布局商业航天产业， 通过收购及合资方式拓展卫星通信业务，产品涵盖船载卫星天线、地面站天线等。 资金方面，8月20日主力资金净流入3.40亿元，近五日累计净流入2.47亿元。 风险提示：市场波动风险，行业政策变化风险，技术研发不及预期风险。 来源：金融界 消息面上，广东省近日发布《广东省推动商业航天高质量发展若干政策措施（2025—2028年）》，提出 支持卫星互联网应用场景创新，并加大对核心技术的资金扶持。通宇通讯作为通信领域企业，有望受益 于政策推动。 ...

证券之星消息，8月20日通信设备板块较上一交易日上涨0.62%，光迅科技领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000063 | 中兴通讯 | 14.67 Z | 11.09% | -4.35 Z | -3.29% | -10.32 Z | -7.81% | | 002281 | 光迅科技 | 8.53 Z | 17.57% | -4.43 Z | -9.13% | -4.10 Z | -8.44% | | 002583 | 海能达 | 7.20 Z | 34.87% | -3.63 Z | -17.59% | -3.57 Z | -17.29% | | 002792 通宇通讯 | | 3.40 Z | 21.06% | -1.56亿 | -9.67% | -1.84亿 | ...

Group 1 - The Guangdong Provincial Government has released the "Several Policy Measures for Promoting High-Quality Development of Commercial Aerospace (2025-2028)" to seize opportunities in commercial aerospace and satellite internet, aiming to build a comprehensive industrial ecosystem [1] - The policy includes 21 specific measures across seven areas, focusing on satellite constellations and rocket development, while leveraging Guangdong's advantages in terminal applications [1] - The policy aims to create major application scenarios for satellite internet services in various fields such as low-altitude economy, mobile communication, logistics, smart cities, space mining, space tourism, and emergency rescue [1] Group 2 - Tongyu Communication (002792) saw its stock hit the daily limit after the policy announcement, with its market value exceeding 10 billion yuan [1] - The company has been deeply involved in the communication field for many years, building a strong technical foundation and market experience, especially after acquiring Xi'an Xinghengtong in 2017 [1] - In 2024, Tongyu Communication's satellite communication business is expected to generate revenue of 42.8 million yuan [2] Group 3 - The policy supports key technologies such as reusable liquid rocket engines and direct satellite communication, with provincial funding for major national technology projects potentially reaching 50% [2] - The commercial aerospace industry is expected to enter a high prosperity cycle, driven by technological breakthroughs, policy support, and market demand [2] - Tongyu Communication's satellite communication revenue is entering a phase of order expansion and revenue recognition starting from Q2 2024, with overseas business in the Middle East and Southeast Asia maintaining high growth [3]

有券商机构认为，从技术突破、政策支持到市场需求，商业航天产业正展现出强劲的发展动能，随着多 重因素推动我国低轨卫星发射进程加速，预计我国商业航天产业链将进入高景气周期，未来商业航天卫 星段、地面段以及火箭等相关产业链环节有望迎来发展机遇。 8月19日A股盘后，广东省人民政府办公厅印发的《广东省推动商业航天高质量发展若干政策措施 （2025—2028年）》（以下简称《若干政策措施》）正式对外发布，这一系统性政策组合拳旨在构建发 射牵引、星箭互促、空地服务全产业链一体化发展的商业航天产业生态生态体系。在此背景下，通宇通 讯（002792）作为通信领域的重要企业，有望凭借自身优势，在商业航天产业的发展浪潮中抢占先机。 二级市场上，8月20日，通宇通讯股价高开高走，盘中触及涨停，截止当日上午10点，涨9.98%报19.29 元，换手率为14.97%，最新市值为100.78亿元。 《若干政策措施》涵盖七大领域21条具体举措，不仅聚焦卫星星座、火箭研制等核心环节，更立足广东 终端应用优势，着力打通"星箭研制—发射服务—卫星应用"全链条。其中提出，打造商业航天应用"首 场景"。加快推动卫星互联网服务在低空经济、移动通信、物 ...

特此公告。 广东通宇通讯股份有限公司（以下简称"公司"）于2025年7月8日在巨潮资讯网（www.cninfo.com.cn）上 披露了《关于控股股东、实际控制人减持股份的预披露公告》，公司控股股东、实际控制人、董事、总 经理时桂清（SHI GUIQING）女士拟于减持公告披露之日起15个交易日后的3个月内（自2025年7月29 日至2025年10月28日），通过集中竞价和大宗交易方式减持公司股份不超过15,653,487股（占公司总股 本的2.9963%，占剔除公司回购专用账户650,500股后股本比例的3%）。 近日，公司收到控股股东、实际控制人、董事、总经理时桂清（SHI GUIQING）女士出具的《股份减 持计划进展告知函》，其在2025年8月13日至2025年8月14日期间通过集中竞价交易的方式累计减持公司 股份958,250股，占公司总股本的比例为0.1834%，占剔除公司回购专用账户股份后总股本比例为 0.1836%。本次权益变动后，时桂清（SHI GUIQING）女士持有公司股份113,612,385股，占公司总股本 比例为21.75%，占剔除公司回购专用账户股份后总股本比例为21.77%。现 ...

Core Viewpoint - Tongyu Communication (002792) announced a significant breakthrough in the high-speed optical module sector through its affiliate Sichuan Guangwei, with the successful small-scale delivery of the first batch of 800G OSFP2×DR4 optical modules [1] Group 1: Product Development - The 800G OSFP2×DR4 optical module utilizes industry-leading silicon photonics technology and low-power design, featuring high bandwidth and high reliability [1] - The primary applications of this product include 800G Ethernet, data centers, artificial intelligence (AI), and cloud computing networks [1] Group 2: Future Outlook - Sichuan Guangwei aims to continuously optimize the 800G series products and advance the research and mass production of more models to enhance market competitiveness [1]

| 吴中林 | 34,125,843 | | 6.53% | 34,125,843 | | 6.53% | | --- | --- | --- | --- | --- | --- | --- | | 件股份 | | | | | | | | 有限售条件股份 102,377,530 | | | 19.60% | | 102,377,530 | 19.60% | | 合计 合计持有股份 251,074,008 | | | 48.06% | | 250,115,758 | 47.88% | | 其中：无限售条 | | | | | | | | 件股份 | | | | | | | | 有限售条件股份 188,305,506 | | 36.04% | 188,305,506 | | 36.04% | | | 注:上述表格中相关比例合计数与各分项数值之和有差异的系四舍五入所致。 | | | | | | | | 是否□ | | | | | | | | 公司于 2025 年 7 月 8 | 日披露了《关于控股股东、实际控制 | | | | | | | 本次变动是否为履行已作出的 | | | | | | | | 人减持股份的预披露 ...