China Spacesat(SH:600118) Sou Hu Cai Jing·2025-12-04 05:47Group 1 - The commercial aerospace sector in China is experiencing significant growth, with stocks such as China Satellite and Aerospace Electronics seeing substantial increases [1][3] - The successful launch of the Zhuque-3 rocket marks a key step towards reusable rocket technology in China's commercial space industry, despite the failure of the first-stage rocket recovery [3] - The Zhuque-3 rocket, which utilizes a stainless steel body and has a payload capacity of 21.3 tons, aims to significantly reduce launch costs and represents a major advancement for domestic private aerospace [3] Group 2 - The National Space Administration has released an action plan for the high-quality and safe development of commercial aerospace from 2025 to 2027, aiming for significant growth and innovation in the sector [3] - The Huabao General Aviation ETF (159231) covers a wide range of sectors including low-altitude economy, large aircraft, military-civil integration, and commercial aerospace, with over 46% of its holdings in state-owned enterprises [4] - The ETF is designed to facilitate investment in China's aviation industry, focusing on key technological barriers and commercial core areas [4]