NNCC(SH:600435) Sou Hu Cai Jing·2026-01-07 02:01Core Viewpoint - The satellite industry is undergoing significant adjustments, with the satellite industry ETF (159218) experiencing a notable decline of 2.41% as of 9:40 AM on January 7, while Northern Navigation saw a counter-trend surge with a trading volume exceeding 290 million CNY and a net inflow of over 100 million CNY during the session [1][2]. Group 1: Market Performance - The satellite industry ETF (159218) has shown a six-year growth of 7.70% and a 120-day increase of 78.52%, indicating strong long-term performance despite recent volatility [2]. - The ETF's trading volume reached 147.42 million shares with a turnover rate of 11.54%, reflecting active market participation [2]. Group 2: Industry Dynamics - Recent developments in the international aerospace sector have heightened the urgency for domestic advancements in autonomous satellite systems, particularly in light of SpaceX's adjustments to its Starlink satellite orbits, which underscore the complexities of low-Earth orbit competition and governance [3]. - Research indicates that China is planning a long-term lunar navigation system, showcasing a grand vision from Earth to deep space, which reinforces the strategic resource attributes of satellite internet [3]. Group 3: Investment Outlook - The satellite industry ETF (159218) is recognized as the first investment tool covering the entire industry chain, including rocket launches, satellite manufacturing, ground equipment, and operational services, making it a preferred vehicle for systematic and efficient investment in the "aerospace economy" [3]. - The convergence of policy, capital, and technology is creating a strong and certain trend, enhancing the medium to long-term growth logic of this sector, positioning the ETF as a focal point of market attention [3].