多维度配套能力赋能商业航天新增长 杭氧股份持续拓展成长边界

Core Insights - Hangyang Co., Ltd. has established itself as a key supplier of liquid oxygen and nitrogen equipment for China's aerospace industry, providing essential support for multiple launch sites and receiving recognition as an "Excellent Supplier" [1][2] - The commercial aerospace sector in China is experiencing significant growth, with the market expected to reach 2.3 trillion yuan in 2024 and 2.5 to 2.8 trillion yuan in 2025, driven by favorable policies and technological advancements [1] - The company has developed a comprehensive service system that includes critical gas supply, high-end equipment manufacturing, and specialized technical services, enhancing its competitive position in the aerospace supply chain [3][4] Company Development - Hangyang's history with China's aerospace sector dates back to the 1950s, when it became the only domestic producer of 150 kg/h liquid oxygen equipment, supporting early rocket and missile development [2] - The company has continuously evolved its technology and product offerings, expanding from basic equipment supply to a wide range of core supporting capabilities, including air separation devices and cryogenic storage equipment [2][3] - Recent projects, such as the construction of large liquid oxygen storage tanks for a launch site, highlight Hangyang's ongoing recognition in high-end equipment manufacturing and technical services within the aerospace field [2] Industry Position - Hangyang is a leader in the air separation equipment manufacturing industry, maintaining a dominant market share in China while also expanding into non-air separation businesses, such as natural gas liquefaction and petrochemical equipment [4] - The company's products and services have penetrated various downstream sectors, including energy, metallurgy, electronics, chemicals, environmental protection, aerospace, scientific research, healthcare, and food [4] - By leveraging its core competencies and expanding its business boundaries, Hangyang is well-positioned to capture emerging growth opportunities across multiple sectors, ensuring long-term stable growth and profitability [4]