SHUNHO STOCK(SZ:002565) Xin Lang Cai Jing·2026-01-12 15:28Core Viewpoint - The company Shunhao Co., Ltd. (002565.SZ) has seen a significant increase in stock price due to its investment in the commercial aerospace sector, despite uncertainties regarding the long-term profitability of its investments [1][2]. Group 1: Investment and Shareholding - Shunhao Co., Ltd. plans to invest 74.98 million yuan in Beijing Orbit Chengguang Technology Co., Ltd. (referred to as "Orbit Chengguang"), increasing its shareholding from 19.30% to 28.68% [1]. - The initial investment of 110 million yuan in June 2025 marked Shunhao's entry into the commercial aerospace sector, transitioning from its traditional business of tobacco paper [1]. Group 2: Business Operations and Performance - Orbit Chengguang's primary business involves launching computing power satellites to create a space data center, offering computing services to clients [1]. - The company has reported a 20.57% year-on-year decline in operating revenue and a 61.12% drop in net profit excluding non-recurring items for the first three quarters of 2025 [2]. - There are significant uncertainties regarding the commercialization of Orbit Chengguang's services, with potential competitive advantages not expected to materialize for 5 to 10 years [1]. Group 3: Regulatory and Legal Issues - The company has faced scrutiny from the Chuzhou Municipal Supervisory Committee regarding allegations of unit bribery, although no conclusive results have been reported [2].