Sou Hu Cai Jing·2026-01-01 05:51Core Insights - The concept of "deep space economy" is emerging as a new economic model, with its framework first proposed in 2025, marking a transition from technical exploration to economic empowerment in China's deep space exploration [1] - The deep space economy encompasses ten industry directions, including resource development, internet, energy, transportation, and tourism, with a projected global scale reaching trillions of dollars by 2040 [1] Company Summaries - China Satellite: Focuses on satellite manufacturing and applications, benefiting from the demand for low-orbit satellite constellations. Despite a decline in net profit in the first three quarters of 2025, revenue growth indicates strong market expansion capabilities [4][6] - China Satcom: Operates satellite communication services and is a key player in deep space communication and navigation. The demand for satellite communication is expected to grow with the advancement of the deep space economy [5][6] - Huali Chuangtong: Engages in satellite applications and radar communication, with technology applicable to deep space exploration. The company is well-positioned to benefit from the rapid development of both low and deep space economies [7] - Haige Communication: Specializes in wireless communication and navigation, providing essential support for deep space exploration. The company has developed a comprehensive network integrating various technologies to support the deep space economy [8] - Zhongke Xingtu: Provides software and data services for special fields, with a focus on deep space intelligence and internet. The company has a leading position in several areas of the deep space economy [9][10] - Sanwei Communication: Operates in internet services and satellite communication, enhancing its market position through acquisitions. The company is expected to gain market share as demand for satellite communication increases [11] - Shanghai Huguang: Involved in welding and cutting equipment, with a subsidiary focusing on commercial satellite assembly. The company is poised to benefit from the rapid growth of the commercial space market [12] - CITIC Haizhi: Provides general aviation services and aims to expand into deep space tourism and transportation. The company has a first-mover advantage in the emerging deep space tourism market [14] - Aerospace Zhizhuang: Focuses on intelligent simulation testing and micro-system control technologies, supporting autonomous decision-making for deep space exploration. The company holds a leading position in core satellite components [15] - Aerospace Power: Specializes in the development of liquid rocket engines, playing a crucial role in deep space transportation. The company has advanced technology and production capabilities to support deep space exploration activities [16]