商业航天加速！25年底-26年初火箭可回收试验密集 机构坚定看好产业发展机遇

Core Viewpoint - China's successful launch of the Resource 3-04 satellite using the Long March 4B rocket marks a significant achievement in the country's space endeavors, with upcoming plans for reusable rockets expected to accelerate the industry [1] Group 1: Recent Developments - On December 16, China successfully launched the Resource 3-04 satellite from the Taiyuan Satellite Launch Center [1] - The Long March 4B rocket completed its mission successfully, entering the designated orbit [1] Group 2: Future Plans - The reusable rocket Tianlong 3 and Long March 12A are scheduled for their maiden flights between December 2025 and early 2026, focusing on recovery technology [1] - A concentrated effort on recovery technology trials is anticipated, with any successful test potentially accelerating the industry pace [1] Group 3: Policy and Industry Impact - Recent policies, including a three-year action plan for commercial space and a notification from the Ministry of Industry and Information Technology regarding satellite IoT business trials, are expected to enhance the industry landscape [1] - East Wu Securities believes that recent breakthroughs in reusable rocket technology will significantly advance China's goal of "low-cost, high-reusability" in the aerospace sector [1] Group 4: Long-term Outlook - The developments are expected to benefit related industries such as aerospace manufacturing, new materials, and satellite applications in the short term [1] - In the long term, these advancements will support China's transition from a major space power to a strong space power, providing a critical advantage in the new technological revolution and industrial transformation [1]