A股市场 商业航天股逆势上涨，截至半日收盘， 通光线缆涨超14%， 天银机电涨超12%， 西部材料、 中超控股涨超9%， 顶固集创、流金科技涨超8%， 和顺电气涨超7%， 派克新材涨超6%， 江顺科技、 长江通信、 国机精工、东方钼业、 通宇通讯涨超5%。 ...

2月2日，A股市场商业航天（核心股）股逆势上涨，截至半日收盘，通光线缆涨超14%，天银机电涨超 12%，西部材料、中超控股涨超9%，顶固集创、流金科技涨超8%，和顺电气涨超7%，派克新材涨超 6%，江顺科技、长江通信、国机精工、东方钼业、通宇通讯涨超5%。 消息面上，SpaceX已向美国联邦通信委员会(FCC)提交申请，计划发射高达100万颗卫星，目标打造太 空算力（核心股）卫星星座。另外，SpaceX积极推进上市进程，拟吸收xAI整合业务，还与苹果拟联合 推动手机直连卫星服务。 中信建投研报称，继续看多商业航天（核心股）。航天侧，SpaceX积极推进上市进程，拟吸收xAI整合 业务；同时，SpaceX向FCC提交百万颗AI卫星申请，目标打造太空算力（核心股）卫星星座；苹果与 SpaceX拟联合推动手机直连卫星服务，商业航天下游应用领域有望拓展。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300265 | 通光线缆 | 1 | 14.9 ...

Summary of SpaceX and Tianyin Electromechanical Conference Call Industry Overview - The low Earth orbit (LEO) internet satellite market is transitioning to the second generation, increasing the configuration of star sensors to 6-8 units per satellite, alongside a rising demand for laser communication devices, significantly boosting market demand [1][2] - China's laser communication devices now standardly include star sensors, which have become a national standard [1] Key Points on Star Sensors - The price of star sensors varies based on orbital height and precision requirements: - Low orbit: 60,000 to 100,000 yuan - Medium orbit: several hundred thousand yuan - High orbit: can exceed 3 million yuan [1][3] - The demand for star sensors is expected to increase significantly as China plans to launch 25,000 LEO internet satellites over the next 14 years, with an annual market value potentially reaching 15 billion yuan based on a price of 500,000 yuan per sensor [3][9] Technological Developments - SpaceX's Starlink has integrated data from approximately 30,000 star sensors to create a new space situational awareness system, enhancing collision avoidance capabilities without the need for additional equipment [1][5] - The Chinese commercial space sector is actively developing, with a gradually improving star sensor supply chain, though it still lags behind companies like SpaceX in terms of technological innovation and market influence [1][6] Competitive Landscape - Tianyin Electromechanical holds over 50% market share in the LEO internet constellation market, with technology levels close to international standards and significant price advantages [1][7] - The company has achieved domestic substitution for star sensors, with competitive pricing compared to international markets [7] Market Segmentation and Client Base - The satellite market is segmented into communication, navigation, remote sensing, and scientific experimental satellites, with communication satellites being the primary focus for Tianyin Electromechanical [7][8] - The demand for star sensors is high in the communication sector, with projects like the G60 satellite requiring multiple sensors per unit [8] Future Projections - China is expected to launch 250,000 LEO internet communication satellites over the next 14 years, with a significant annual replenishment demand of over 30,000 units after an 8-year lifecycle [9] - The company is planning to expand production capacity to meet future market demands, including the potential introduction of a new flexible production line [15] Challenges and Opportunities - The Chinese commercial space sector faces challenges in rocket launch capacity, with a need to enhance capabilities to meet the growing satellite launch demand [11][14] - Tianyin Electromechanical has previously attempted to export to the U.S. but faced restrictions; however, it continues to explore markets in Europe, Africa, and Asia [12] Conclusion - The star sensor market is poised for significant growth driven by the transition to second-generation satellites and increasing demand for laser communication systems. Companies like Tianyin Electromechanical are well-positioned to capitalize on these trends, although they must navigate competitive and regulatory challenges in the global market.

2月2日，天银机电涨5.94%，截至发稿，报52.80元/股，成交1.64亿元，换手率0.75%，总市值224.42亿 元。 华夏国证通用航空产业ETF（159230）基金经理为杨斯琪。 截至发稿，杨斯琪累计任职时间1年237天，现任基金资产总规模259.74亿元，任职期间最佳基金回报 80.75%， 任职期间最差基金回报-3.79%。 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 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 资料显示，常熟市天银机电股份有限公司位于江苏省常熟碧溪街道电厂路19号，成立日期2002年8月2 日，上市日期2012年7月26日，公司主营业务涉及节能节材型冰箱压缩机零部件的研发、生产和销售。 主营业务收入构成为：冰箱压缩机用配套产品69.58%，雷达与航天信息化装备30.42%。 从基金十大重仓股角度 数据显示，华夏基金旗下1只基金重仓天银机电。华夏国证通用航空产业ETF（159230）四季度持有股 数5.82万股，占基金净值比 ...

Group 1 - The commercial aerospace sector showed active performance on February 2, with notable stock movements [1] - Western Materials (002149) reached the daily limit increase, indicating strong investor interest [1] - Tianyin Electromechanical (300342) saw a rise of over 13%, reflecting positive market sentiment [1] Group 2 - Other companies in the sector, including China Satellite (600118), Zaiseng Technology (603601), Fenghuo Communication (600498), Huali Chuantong (300045), and Tongyu Communication (002792), also experienced upward trends [1]

报告期内，公司根据《企业监管风险提示第8号——商誉减值》及相关会计政策等规定，基于谨慎性原 则，结合子公司的实际经营情况，经与会计师事务所及评估机构进行沟通后初步判断，公司收购子公司 所形成商誉存在进一步减值迹象，公司报告期内计提商誉减值准备预计为350万元至600万元。商誉减值 准备最终金额将由公司聘请的专业评估机构及审计机构进行评估和审计后确定。 格隆汇1月29日丨天银机电(300342.SZ)公布，预计2025年归属于上市公司股东的净利润1,500万元～ 2,000万元，比上年同期下降77.88%～83.41%，扣除非经常性损益后的净利润1,200万元～1,700万元，比 上年同期下降75.91%～83.00%。 ...

天银机电(300342.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润1500万元至2000 万元，同比下降77.88%至83.41%;扣除非经常性损益后的净利润1200万元至1700万元，同比增长75.91% 至83.00%。 ...

天银机电（300342）(300342.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润1500 万元至2000万元，同比下降77.88%至83.41%;扣除非经常性损益后的净利润1200万元至1700万元，同比 增长75.91%至83.00%。 ...

Core Viewpoint - Tianyin Electromechanical is forecasting a significant decline in net profit for 2025, with estimates ranging from 15 million to 20 million yuan, representing a year-on-year decrease of 77.88% to 83.41% [1] Group 1: Business Segments - The refrigerator compressor parts business is expected to be negatively impacted due to a combination of early demand release from government policies and a slowdown in global economic growth, leading to weakened external demand [1] - The radar and aerospace electronics segment faces intensified competition in bidding processes, with clients conducting extensive audits, resulting in stricter compliance requirements and increased pressure on profit margins and cash flow for 2025 [1] - The ultra-wideband signal capture and analysis system business is experiencing delays in client processes and slower execution of existing contracts, leading to sales performance falling short of expectations [1] - The aerospace segment, particularly Tianyin Interstellar, is anticipated to see significant growth in sales, order volume, and net profit due to increased government support for the aerospace industry and accelerated satellite constellation projects [1] Group 2: Financial Adjustments - The company is preparing for potential goodwill impairment, estimating a provision of 3.5 million to 6 million yuan based on cautious assessment and discussions with accounting and evaluation firms [1] - Non-recurring gains and losses are expected to impact net profit by approximately 2.58 million yuan, primarily from government subsidies and donations recognized in the current period [1]

1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向下降 50%以上情形 证券代码：300342 证券简称：天银机电 公告编号：2026-003 常熟市天银机电股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 一、本期业绩预计情况 单位：万元 | 项 目 | | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股 | | 1,500 | ～ | 2,000 | 9,040.74 | | 东的净利润 | 比上年同期 下降 | 77.88% | ～ | 83.41% | | | 扣除非经常性损益 | | 1,200 | ～ | 1,700 | 7,057.04 | | 后的净利润 | 比上年同期 下降 | 75.91% | ～ | 83.00% | | 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部初步估算的结果，未经会计师事务所审计，公司已就业绩预告 有关 ...