Core Viewpoint - Shaanxi Huada's stock price has experienced a significant decline, dropping 5.14% on January 20, with a cumulative drop of 14% over three consecutive days, indicating potential concerns among investors [1]. Company Overview - Shaanxi Huada Technology Co., Ltd. is located in Xi'an, Shaanxi Province, and was established on August 10, 2000. The company was listed on October 17, 2023, and specializes in the research, production, and sales of electrical connectors and interconnection products [1]. - The revenue composition of the company includes: RF coaxial connectors (43.55%), low-frequency connectors (23.02%), RF coaxial cable components (18.70%), other products (10.89%), electroplating services (3.07%), and other business income (0.77%) [1]. Fund Holdings - The Hongta Hongtu Fund has a significant holding in Shaanxi Huada, specifically in the Hongta Hongtu Steady Selection Mixed A Fund (009817), which held 17,000 shares as of the third quarter, accounting for 4.13% of the fund's net value, making it the fifth-largest holding [2]. - The fund has incurred a floating loss of approximately 67,300 yuan today, with a total floating loss of 213,200 yuan during the three-day decline [2]. Fund Manager Performance - The fund manager of Hongta Hongtu Steady Selection Mixed A Fund is Yang Xingfeng, who has been in the position for 2 years and 353 days. The total asset size of the fund is 517 million yuan, with the best return during his tenure being 21.28% and the worst return being -1.59% [3].

Core Viewpoint - The company, Shaanxi Huada (301517), has experienced a significant increase in its stock price recently, but there is uncertainty regarding the pace of demand release in the commercial aerospace market [1] Group 1: Company Information - As of January 9, 2026, the total number of shareholders for the company is 27,698 [1] Group 2: Market Conditions - The recent surge in the company's stock price is accompanied by uncertainties in the commercial aerospace market demand [1]

Core Viewpoint - The commercial aerospace sector in China is experiencing significant volatility, with many stocks facing sharp declines after a period of rapid growth, driven by recent satellite application announcements and market speculation [1][10]. Group 1: Stock Performance - The ChiNext Index fell by 0.83% as of January 13, with multiple commercial aerospace stocks hitting the daily limit down, including Aerospace Science and Technology (down 10%), Beidou Star (down 10%), and Aerospace Development (down 9.95%) [1][2]. - Several aerospace ETFs also saw declines exceeding 5%, indicating a broader market pullback in this sector [2][3]. - Notably, some commercial aerospace stocks began to rebound, such as Shaanxi Huada (up 20%) and Tianyin Electromechanical (up 17.9%), amidst a mixed performance in the sector [3][4]. Group 2: Satellite Application Announcement - On January 11, China submitted an application for 203,000 new satellites to the ITU, marking the largest international frequency and orbit resource application in the country's history [7]. - This application includes 14 satellite constellations and is expected to activate the entire satellite manufacturing, launching, and operational industry chain in China [8]. - However, experts caution that the transition from application to actual satellite launches will take time, and the current number of operational satellites may not meet market expectations [6][11]. Group 3: Market Risks and Speculation - Several leading commercial aerospace stocks issued risk warnings on January 12, highlighting the potential for further price volatility and the need for caution among investors [10]. - The rapid price increases of stocks like Aerospace Universe and Aerospace Electronics, which saw gains of over 194% and 265% respectively in less than two months, have raised concerns about sustainability [10]. - Industry insiders suggest that the commercial aerospace sector is still in a "storytelling" phase, with challenges in satellite manufacturing costs, transportation reliability, and service integration remaining to be addressed [11][12].

Core Viewpoint - Shaanxi Huada is actively participating in major aerospace projects, including the Starlink (State Grid Star Constellation) and Qianfan, and is expanding its product offerings in commercial aerospace, focusing on various connectors and components [2][9]. Group 1: Company Developments - Shaanxi Huada has updated its investors about its involvement in the Starlink project, stating that it is supplying products for the second phase and is committed to meeting customer demands [2]. - The company reported a stock price increase, reaching a limit up of 97.08 CNY per share on January 13 [2]. - Shaanxi Huada is enhancing its production capacity in response to the growing demand in the commercial aerospace sector, focusing on automation and new processes to improve efficiency [9]. Group 2: Strategic Transactions - The company is progressing with a related transaction to acquire 100% of Shaanxi Huajing Microelectronics, which will become a wholly-owned subsidiary, enhancing its product range and competitive edge [9][11]. - The acquisition is expected to create synergies in product categories, technology development, customer resources, and sales channels, thereby strengthening the company's business landscape [11]. Group 3: Industry Collaborations - Other companies, such as Zhimin Da, Trina Solar, and Alliance Electronics, have also disclosed collaborations related to the Starlink project, indicating a broader industry engagement in commercial aerospace [7][12]. - Zhimin Da is providing embedded computing modules for satellite systems, while Trina Solar is advancing high-efficiency technology for satellite applications [14]. - Alliance Electronics has successfully entered the bidding for low-orbit satellite communication products, further demonstrating the competitive landscape in the commercial aerospace sector [14].

Group 1 - The core point of the news is that Shaanxi Huada experienced a decline of 5.22% in its stock price, reaching 76.68 yuan per share, with a trading volume of 798 million yuan and a turnover rate of 10.03%, resulting in a total market capitalization of 11.597 billion yuan [1] - Shaanxi Huada Technology Co., Ltd. is located in Xi'an, Shaanxi Province, and was established on August 10, 2000. The company was listed on October 17, 2023, and its main business involves the research, production, and sales of electrical connectors and interconnection products [1] - The revenue composition of Shaanxi Huada's main business includes: RF coaxial connectors 43.55%, low-frequency connectors 23.02%, RF coaxial cable assemblies 18.70%, other products 10.89%, electroplating services 3.07%, and other business income (sales of raw materials) 0.77% [1] Group 2 - Among the top ten circulating shareholders of Shaanxi Huada, Yongying Fund has one fund that entered the list, specifically Yongying High-end Equipment Intelligent Selection Mixed Fund A (015789), which holds 585,300 shares, accounting for 0.98% of the circulating shares. The estimated floating loss today is approximately 2.4699 million yuan [2] - Yongying High-end Equipment Intelligent Selection Mixed Fund A (015789) was established on July 15, 2022, with a latest scale of 209 million yuan. Year-to-date, it has achieved a return of 23.95%, ranking 49 out of 8,836 in its category; over the past year, it has returned 158.86%, ranking 13 out of 8,091; and since inception, it has returned 78.87% [2]

Group 1 - The commercial aerospace sector showed signs of recovery, with several companies experiencing significant stock price increases [1] - Shaanxi Huada (301517) and Electric Science Chip (600877) reached the daily limit increase, indicating strong investor interest [1] - Other companies such as Xinke Mobile, Jiayuan Technology (301117), Guobo Electronics, and Tianyin Electromechanical saw stock price increases of over 10% [1]

Core Viewpoint - The company is actively involved in major aerospace projects and is expanding its product offerings in the commercial aerospace sector, ensuring timely delivery of orders as per customer requirements [1] Group 1: Company Involvement - The company is deeply engaged in significant aerospace projects such as StarNet and Qianfan [1] - It has provided supporting products for the second phase of the StarNet project [1] Group 2: Product Expansion - The company plans to continuously expand the variety of products in the commercial aerospace sector [1] - Products include RF connectors, RF components, micro rectangular connectors, high-speed connectors, harnesses, and optical fiber components [1] Group 3: Order Fulfillment - The company is committed to normal delivery of commercial aerospace orders according to customer specifications [1] - The value per satellite is continuously increasing [1]

Core Viewpoint - The company, Shaanxi Huada (301517), is actively involved in significant aerospace projects, including those with StarNet and Qianfan, and is expanding its product offerings in the commercial aerospace sector [2] Group 1: Company Involvement - The company has deep involvement in major aerospace projects, specifically mentioning participation in the second phase of StarNet [2] - The company is committed to meeting customer demands and continuously expanding its range of commercial aerospace products [2] Group 2: Product Offerings - The company is supplying a variety of products including RF connectors, RF components, micro rectangular connectors, high-speed connectors, bundled wire harnesses, and optical fiber components [2] - The value per satellite is continuously increasing, indicating a growing demand for the company's products in the aerospace sector [2] Group 3: Order Fulfillment - Commercial aerospace orders are being delivered as per customer requirements, reflecting the company's operational efficiency and responsiveness [2]

Group 1 - The company, Shaanxi Huada, is actively monitoring the development of the global commercial aerospace sector [2] - The company focuses on the production of aerospace system connectors and components [2]

Group 1 - The core point of the article is that Shaanxi Huada (301517) has disclosed its total number of shareholders, which is expected to reach 28,652 by December 31, 2025 [1]