Group 1 - The A-share market experienced a collective pullback on December 16, with the aerospace sector showing significant fluctuations, particularly the Aerospace ETF (159227), which narrowed its decline to 0.25% by 14:39, with a trading volume of 273 million yuan [1] - The Aerospace ETF has recently surpassed 2.1 billion yuan in scale, making it the largest of its index, with key holdings such as Aerospace Development and Aerospace Electronics reaching their daily limit [1] - The commercial aerospace sector has been gaining momentum, highlighted by the successful launch of Blue Arrow Aerospace's "Zhuque-3" rocket, marking China's first successful orbit of a reusable liquid oxygen-methane rocket [1] Group 2 - CITIC Securities reports that OpenAI is seeking to establish, invest in, or acquire a rocket company to compete in the space computing sector, indicating a growing recognition of the commercial value in space computing [2] - The commercial aerospace industry is entering a new era with the mass launch phases of China StarNet and G60 Qianfan Constellation, alongside the operationalization of Hainan's commercial launch site and rockets, leading to trends of high capacity and low cost [2] - The Aerospace ETF (159227) tracks the National Aerospace Index, with a significant 96.6% allocation to the military industry, focusing on aerospace capabilities and covering a full industry chain from fighter jets to satellites [2]

证券日报网讯 12月8日，雷电微力在互动平台回答投资者提问时表示，公司与凌空天行暂无业务合作。 （文章来源：证券日报） ...

证券日报网讯 12月8日，雷电微力在互动平台回答投资者提问时表示，公司会积极努力在规则范围内增 强信息披露质量。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 12月8日，雷电微力在互动平台回答投资者提问时表示，根据中国证券登记结算有限公司 出具的定期持有人名册，截至11月30日，公司股东总户数35030户。 ...

Core Insights - The company has not experienced significant growth in the balance of construction projects over the past three years, indicating stable project management and financial control [2] - The company is enhancing its production and testing capabilities by introducing automation equipment and developing dedicated project lines, which is expected to improve efficiency, quality, and cost management [2] - The ongoing implementation of an ERP system is aimed at further increasing the competitiveness of the company's products in the market [2]

Core Viewpoint - The company has effectively validated its millimeter-wave microsystem technology and product capabilities in the BeiDou satellite navigation system project [1] Group 1: Company Developments - The company is focusing on satellite communication as a key development area for the future [1] - The company has laid out plans in critical directions such as onboard equipment and ground terminals, with various research projects at different stages of development [1] - The company will continue to promote the application of millimeter-wave microsystems in broader scenarios [1]

Core Insights - The aerospace ETF Tianhong (159241) has shown active trading with a turnover of 16.55% and a transaction volume of 89.89 million yuan, reflecting strong market interest [1] - The CN5082 index, which tracks the aerospace industry, has risen by 1.95%, marking three consecutive days of gains, with notable increases in stocks such as Guangqi Technology (10.01%) and Aerospace Development (9.99%) [1] - The establishment of the Commercial Space Administration by the National Space Administration signifies a new phase of standardized development in China's commercial aerospace market, projected to reach a market size of 2.8 trillion yuan by 2025 [2] Product Highlights - The aerospace ETF Tianhong (159241) tracks the CN5082 index, which covers the aerospace industry chain, with over 68% weight in aerospace and aviation equipment, making it the highest "aerospace content" military index in the market [1] - The top ten holdings include major state-owned enterprises like Aero Engine Corporation of China and AVIC, providing both stability from core assets and growth potential from smaller market cap companies [1] Key Events - The successful launch of the Long March 7 modified rocket on November 30, which successfully placed the Shijian-28 satellite into orbit, marks the 611th flight of the Long March series [1] - The establishment of the Commercial Space Administration aims to enhance the efficiency of launch approvals and licensing, promoting the standardized and scaled development of the industry [2] - The action plan for promoting high-quality and safe development in commercial aerospace outlines four core goals, including support for low-cost technologies and the establishment of a national fund to optimize the industry ecosystem [2]

Group 1 - The core viewpoint is that the aerospace industry in China is experiencing significant growth, driven by the establishment of a dedicated regulatory body for commercial aerospace and strong performance in the stock market [1] - The CN5082 aerospace index rose by 1.78%, with notable increases in constituent stocks such as Aerospace Development (000547) up 9.99%, Yaguang Technology (300123) up 8.01%, and Guangqi Technology (002625) up 7.95% [1] - The recent Asia General Aviation Exhibition concluded with a total contract value exceeding 7 billion RMB, involving 837 aircraft [1] Group 2 - The Aerospace ETF (159227) closely tracks the CN5082 index and has a high concentration of military industry stocks, covering key sectors such as aerospace equipment, satellite navigation, and new materials [2] - The ETF includes leading companies in the military sector and encompasses emerging fields like large aircraft development and commercial aerospace [2] Group 3 - Looking ahead to 2026, China Galaxy Securities highlights several trends: the underestimated long-tail effect of military trade, accelerated equipment intelligence, reassessment of supply chain security premiums, and an upcoming phase of demand confirmation and capacity reserve in the military sector [1]

Core Insights - The commercial aerospace sector has attracted significant capital market interest, with the Wind Commercial Aerospace Index showing a year-to-date increase of over 28%, outperforming the broader market [1] - Several stocks in this sector, including Srey New Materials, Longxi Co., and Chaozhuo Aerospace Technology, have seen their year-to-date gains exceed 100% [1] Financing and Leverage - As of November 27, the overall financing balance for commercial aerospace concept stocks approached 30 billion yuan, representing an increase of over 25% compared to the end of last year [1] - Companies such as Feili Hua, Aerospace Huan Yu, Chaozhuo Aerospace Technology, and Srey New Materials have experienced over 100% increase in financing from investors [1] Shareholder Dynamics - Among the commercial aerospace concept stocks, 7 companies reported a decrease in the number of shareholders compared to the end of Q3, with 5 of these stocks seeing a decline of over 3% in shareholder numbers, including Boyun New Materials, Aerospace Nanhu, and Landun Optoelectronics [1] Market Performance - Within the 7 stocks that saw a decrease in shareholder numbers, AVIC Xi'an Aircraft Industry and Thunder Micro Power have both declined by over 10% year-to-date, while Boyun New Materials and Aerospace Nanhu have performed well with significant gains [1] - Aerospace Nanhu has attracted nearly 75% increase in financing from investors this year, and all three companies—Aerospace Nanhu, AVIC Xi'an Aircraft Industry, and Aerospace Rainbow—have been the focus of research from over 80 institutions this year [1]

雷电微力回复：您好，股价波动受宏观环境、行业动态、市场情绪等诸多复杂因素影响。良好的市值表 现是我们和全体股民的共同期盼。公司始终高度重视市值管理与投资者保护工作，二者的核心在于扎实 做好主业，增强与投资者沟通，并适时运用合适的市值管理工具，以实现公司内在价值与市值的合理匹 配与共同提升。感谢您的关注，谢谢。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，雷电微力(301050)11月28日在投资者关系平台上答复投资者关心的问题。 投资者提问：公司市值又准备年内新低了，请问公司什么时候才开始肯做投资者保护工作？公司是没有 相关市值保护预案的吗？任由市值随意被做空蒸发，这就是你们口中的管理层很重视市值管理和保护投 资者？ ...