中信证券：预计下半年或为卫星通信产业拐点

Core Insights - The strategic importance of the satellite communication industry is highlighted, with clear policy direction from the government [1] - The Ministry of Industry and Information Technology has issued guidelines to promote the orderly opening of satellite communication services, indicating a potential acceleration in the issuance of related licenses [1] - The industry is expected to overcome bottlenecks in rocket capacity and launch costs, with a significant increase in satellite launch frequency anticipated [1] - A pivotal point for the industry is projected for the second half of 2025 [1] - The market is transitioning from thematic investments to more sustainable industrial investments in the satellite sector [1] - It is recommended to focus on satellite service operators with potential for obtaining business licenses, as well as companies involved in manufacturing, launching, and ground equipment [1]