Group 1 - The core viewpoint of the article is that Steel Research High-Tech (300034) has a diverse range of applications for its products across various industries [1] Group 2 - The company's products are widely used in sectors such as aerospace, aerospace, naval vessels, nuclear power, gas turbines, petrochemicals, and metallurgy construction materials [1]

消息面上，据证券时报，马斯克据悉希望在7月前让SpaceX上市。当地时间1月21日，据媒体报道，马 斯克正积极推进麾下太空探索技术公司SpaceX的首次公开募股（IPO）计划，其目标是在今年7月之前 完成IPO。报道称，知情人士称，马斯克一心想着让SpaceX成为首家在太空建数据中心的公司。如果没 有IPO一次性带来的数十亿美元资金，就很难尝试这样的壮举。马斯克还认为，SpaceX IPO将有助于他 的AI公司xAI追赶上竞争对手。 国金证券认为，2026年航空航天行业将迎来供需拐点。供给端受飞机制造商产能制约显著。需求端则持 续增长，中国民航客运量预计同比增速4.7%-5.5%，供需缺口或达1.4%，推动客座率超2019年水平。 （文章来源：21世纪经济报道） 相关ETF方面，航空航天ETF天弘(159241)昨日成交额为1.59亿元，溢价率为0.14%。资金流向方面，该 ETF1月19日至21日三日累计获资金净流入额超4000万元。截至1月21日收盘，该ETF最新流通份额为 5.44亿份，最新流通规模为8.12亿元。 航空航天ETF天弘（159241）紧密跟踪国证航天航空行业指数，该指数覆盖航空装备、航天 ...

Core Viewpoint - The article emphasizes that "rocket body stainless steel + engine high-temperature alloy" is evolving into a new generation of rocket material systems, driven by the commercialization and reusability of space launches [1][7]. Group 1: Investment Opportunities in New Materials - The rapid development of commercial space is driving the demand for aerospace stainless steel and high-temperature alloy materials [2]. - Stainless steel is becoming the primary choice for rocket bodies in reusable rockets due to its low cost, high-temperature resistance, and ease of processing [4][12]. - High-temperature alloys are essential for the hot-end components of liquid rocket engines, with an average usage of 28% in liquid rocket engines [5][19]. Group 2: Historical Context and Current Trends - Historically, aluminum alloys dominated rocket materials, with limited applications for stainless steel and high-temperature alloys [3]. - Currently, the rocket material system is transitioning from aluminum-dominated to a combination of stainless steel and high-temperature alloys, particularly in reusable rocket designs [4][11]. Group 3: Future Outlook - In the future, aerospace stainless steel and high-temperature alloys are expected to be key materials for rocket technology evolution, providing advantages in extreme temperature environments and manufacturing speed [6][8]. - The demand for large low-orbit satellite constellations is anticipated to drive the scale of rocket launches, enhancing the growth prospects for stainless steel and high-temperature alloys [47]. Group 4: Supply Chain and Market Dynamics - The supply of aerospace stainless steel is highly segmented and customized, with early movers and validated companies likely to experience structural growth opportunities [8]. - High-temperature alloy suppliers face high barriers to entry, resulting in a favorable competitive landscape [8][21].

（文章来源：证券日报） 证券日报网讯 1月22日，钢研高纳在互动平台回答投资者提问时表示，公司参股公司常州钢研极光涵盖 增材制造、3D打印等业务，可以应用于航空航天领域。 ...

Investment Rating - The report maintains an "Overweight" rating for the aerospace and military industry, as well as for the steel sector [5]. Core Insights - The rapid development of commercial aerospace is driving demand for aerospace stainless steel and high-temperature alloys, which are becoming the new material system for rockets [1][4]. - Stainless steel is increasingly being adopted for rocket structures due to its cost-effectiveness, high-temperature resistance, and ease of processing, while high-temperature alloys are essential for engine components [1][3][4]. - The transition from aluminum alloys to a combination of stainless steel and high-temperature alloys is a significant trend in rocket material evolution, driven by the need for cost reduction and performance enhancement [9][10]. Summary by Sections Historical Context - Historically, aluminum alloys dominated rocket materials, with limited use of stainless steel and high-temperature alloys [1][2]. Current Status - The current rocket material landscape is transitioning from aluminum dominance to the integration of stainless steel and high-temperature alloys, particularly in reusable rocket designs [2][3]. Future Outlook - The future of rocket technology is expected to favor stainless steel and high-temperature alloys due to their superior properties, which are essential for the evolving demands of rocket design and operation [3][4]. Investment Conclusion - The report suggests focusing on companies involved in the supply of stainless steel for rocket tanks and components, as well as leading enterprises in high-temperature alloy production [4][19]. - Key companies identified include Fushun Special Steel, Aerospace Materials, and others that have established a strong foothold in the aerospace materials supply chain [4][19]. Demand Analysis - The demand for rockets is anticipated to surge due to the rapid growth of low Earth orbit satellite constellations, which will drive the need for increased launch frequency and scale [4][45]. Supply Analysis - The supply side of aerospace stainless steel is characterized by high customization and segmentation, with early movers likely to benefit from structural growth opportunities [4][19]. - High-temperature alloy suppliers face significant barriers to entry, indicating a favorable competitive landscape for established players [4][19].

（编辑 楚丽君） 证券日报网讯 1月22日，钢研高纳在互动平台回答投资者提问时表示，技术专利是公司构筑核心技术壁 垒、保护自主研发成果、支撑资质认定与项目申报、巩固市场竞争优势的关键载体，具有不可替代的战 略价值。 ...

消息面上，据上海证券报，当地时间1月21日，有消息爆料称，马斯克正积极推进SpaceX的IPO计划， 其目标是在今年7月之前完成IPO。消息称，马斯克近年来一直抵制SpaceX上市，但是最近突然开始推 进IPO进程，一个主要原因是他想率先实现在太空建立数据中心。马斯克希望SpaceX成为首家在太空建 数据中心的公司。如果没有IPO一次性带来的数十亿美元资金，就很难尝试这样的壮举。马斯克还认 为，SpaceX IPO将有助于他的AI公司xAI追赶上竞争对手。 （文章来源：21世纪经济报道） 1月22日，A股市场午后震荡回升，三大指数集体翻红，创业板指走势较强。从板块来看，商业航天概 念爆发，27只成分股涨停，腾景科技、科顺股份、三角防务均20CM涨停，巨力索具2连板，顺灏股 份、中超控股、西部材料等涨停。天力复合、中泰股份、钢研高纳、天银机电等涨超10%。 ...

Core Viewpoint - The aviation equipment sector experienced a significant increase of 3.83% on January 22, with Triangular Defense leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] - The aviation equipment sector saw a net inflow of 2.963 billion yuan from main funds, while retail investors experienced a net outflow of 2.038 billion yuan [1] Group 2: Individual Stock Performance - Triangular Defense (300775) closed at 39.49, with a remarkable increase of 19.99% and a trading volume of 1.086 million shares, amounting to 4.103 billion yuan [1] - Other notable performers included: - Aileda (300696) with a closing price of 34.05, up 13.58% [1] - Steel Research Tube (300034) at 23.50, up 12.98% [1] - Jianghang Equipment (688586) at 15.68, up 10.04% [1] - Beimo High-tech (002985) at 41.98, up 10.01% [1] - Aviation Power Technology (600391) at 53.36, up 10.00% [1] Group 3: Fund Flow Analysis - The main funds showed a net inflow for Triangular Defense of 550 million yuan, while retail funds had a net outflow of 220 million yuan [2] - Other stocks with significant fund flows included: - Aviation Control (000738) with a net inflow of 189 million yuan from main funds [2] - North Mo High-tech (002985) with a net inflow of 168 million yuan from main funds [2]

类型：有限责任公司(非自然人投资或控股的法人独资) 统一社会信用代码：91130681MA7EC0P580 证券代码：300034 证券简称：钢研高纳 公告编号：2026-006 北京钢研高纳科技股份有限公司 关于全资子公司涿州高纳德凯科技有限公司注销完成的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 为优化资源配置及组织结构，降低管理成本，提高运营效率，根据公司实际 经营情况和业务发展规划，北京钢研高纳科技股份有限公司（以下简称"公司"） 决定注销下属全资子公司涿州高纳德凯科技有限公司（以下简称"涿州高纳"）。 根据《深圳证券交易所创业板股票上市规则》及《公司章程》等有关规定， 本次注销事项在经营管理层审批权限内，无需提交董事会、股东会审议。本次注 销事项不构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重 大资产重组。 近日，公司收到涿州市行政审批局出具的《登记通知书》（（涿）登字[2026] 第 399 号），准予涿州高纳注销登记，涿州高纳目前已完成简易注销登记手续。 一、注销全资子公司的基本情况 公司名称：涿州高纳德凯科技有限公司 住 ...

航空航天ETF（159227）：紧密跟踪国证航天指数，成分股覆盖战斗机、航空发动机、火箭、导弹、卫 星、雷达等全产业链龙头，完美契合"空天一体"的战略方向，涵盖大飞机、商业航天、低空经济等新兴 领域，商业航天含量高达70.19%。 1月22日，A股三大指数午后飘红，商业航天板块全天表现强势，截止13点49分，航空航天ETF （文章来源：每日经济新闻） （159227）涨幅3.83%，成交额已达5.33亿元，稳居同类第一，持仓股三角防务、北摩高科、航发科技 等股涨停，钢研高纳涨超12%，中航机载、航发控制、航亚科技、航天电子等跟涨。航空航天ETF最新 规模达29.75亿元，为同类规模最大。 消息面上，近日，星河动力、星际荣耀、天兵科技等3家商业航天企业更新了上市辅导进展，叠加蓝箭 航天IPO申请获受理、中科宇航完成辅导备案，5家主营运载火箭的核心企业已悉数就位，向"商业航天 第一股"发起冲击。 平安证券表示，航空航天作为国家重要新质生产力之一，近几年在政府扶持、技术进步、供应链发展背 景下迎来航天发射任务加速，随着我国火箭发射成本持续下降以及回收技术逐步成熟，火箭发射进程有 望进一步提速。另外，当前全球积极布局 ...