商业航天概念火爆 多家公司提示炒作风险

Group 1 - The A-share commercial aerospace concept continues to be popular, with multiple related stocks experiencing significant price increases, including ETFs like Yongying Guozheng Commercial Satellite Communication Industry ETF and Fuguo Zhongzheng Satellite Industry ETF reaching their daily limit [1] - Zhongke Xingtou announced that its main business is focused on aerospace information services, with commercial aerospace accounting for 13.89% of its total revenue from January to September 2025, indicating a mismatch between stock price increase and actual business performance [1] - The company highlighted that the development of the commercial aerospace industry relies heavily on core technologies such as reusable rockets and low-cost manufacturing, which involve long cycles and high risks, with uncertain market demand release [1] Group 2 - Lihong Navigation reported a revenue of approximately 154.40 thousand yuan (unaudited) from its commercial aerospace-related business from January to September 2025, indicating that its planning in this area is still in the early stages [2] - Zhongheng Design has recently seen consecutive price increases, stating that its commercial aerospace projects contribute only 0.39% to its total revenue, and it has invested 5 million yuan in a rocket manufacturer, which is currently operating at a loss [2] - Companies like Dongfang Communication and Haoneng Co. have indicated that their involvement in commercial aerospace is minimal, with satellite internet maintenance contributing less than 1% to Dongfang's revenue, and Haoneng's aerospace components business being too small to significantly impact overall revenue [2] Group 3 - Several A-share companies have clarified that they do not engage in commercial aerospace activities, such as Xinghuan Technology, which stated it does not conduct any commercial aerospace business, and Aerospace Power, which noted that its revenue from related activities is less than 2% [3] - Aerospace Power has seen a stock price increase of over 200% since November 19, 2025, despite its limited involvement in commercial aerospace [3]