Xin Lang Cai Jing·2025-09-10 09:31Core Viewpoint - Satellite communication is transitioning from traditional voice and emergency connections to a composite infrastructure upgrade of "communication + computing power + data" [1] Industry Summary - The new satellite communication model is seen as an extension and complement to the next-generation information network rather than a replacement for existing fiber optic cables [1] - The acceleration of the satellite industry chain in China is paving the way for a dual-driven approach in satellite applications, encompassing both ToC (Consumer) and ToB (Business) models [1] - This dual-driven model is expected to lay a solid foundation for the long-term development of integrated terrestrial and space networks [1] Company Recommendations - Companies to watch include: - Putian Technology - Tongyu Communication - Zhenyou Technology - Jinxin Technology - Zongheng Communication - Zhenxin Technology - Shanghai Hantong - Shunhao Co. - Hangyu Micro [1]