Xin Lang Cai Jing·2025-11-25 23:44Core Viewpoint - The National Space Administration has issued an action plan to promote the high-quality and safe development of commercial space from 2025 to 2027, emphasizing the expansion of government procurement and the integration of commercial capabilities into national space missions [1] Industry Summary - The commercial space industry is entering a new phase of rapid development, with over 600 commercial space companies in China and a total of 25 launch sites (18 operational and 7 under construction) [1] - The GW satellite constellation deployment is accelerating, and reusable rocket technology is approaching critical validation stages, driven by the demand for space computing capabilities [1] - A turning point in the commercial space industry has been identified, with expectations for a series of catalysts in the sector, suggesting investment opportunities in commercial space [1] Company Summary - Aerospace Zhizhuang is involved in the satellite and rocket manufacturing supply chain, with its subsidiary Xuan Yu Space providing chips, components, and ground simulation testing services to relevant units and commercial space companies [1] - Beihua Co., through its wholly-owned subsidiary, has developed products such as astronaut gas masks, purification devices, and specialized protective clothing for aerospace applications [1]