Xin Lang Cai Jing·2026-01-13 10:53Core Viewpoint - The commercial aerospace sector has experienced significant fluctuations, with a notable increase in stock prices since November 24, 2025, reaching a cumulative rise of 50%, indicating a strong bull market [1][15]. Market Performance - On January 12, A-shares reached a record trading volume of 3.64 trillion yuan, with commercial aerospace contributing significantly to this surge, achieving transaction volumes of 725.8 billion yuan and 760.5 billion yuan on January 9 and January 12, respectively [2][16]. - The commercial aerospace index rose by 6% on January 12, setting a new high, and nearly 50 stocks in this sector hit the daily limit on the same day [2][16]. Key Drivers - The growth in the commercial aerospace sector is driven by multiple favorable factors, including the recent announcement from the International Telecommunication Union regarding China's application for a large-scale satellite network, which plans to add 203,000 satellites to form 14 satellite constellations [2][16]. Stock Performance - Despite the overall market fluctuations, certain stocks like Sanwei Communication and Zhizhen Technology continued to achieve consecutive limit-up performances, with Sanwei Communication recording three consecutive 10% limit-ups from January 9 to January 13 [4][18]. - The stock price of Tianyin Electromechanical, a key player in the satellite attitude control component sector, has doubled since November 24, 2025, and continued to rise by over 10% on January 13, 2026 [19][21]. Industry Segmentation - The commercial aerospace industry can be segmented into three main parts: upstream (raw materials and core component manufacturing), midstream (satellite and rocket manufacturing and launch services), and downstream (satellite operation and application services) [7][21]. - Upstream includes critical materials like carbon fiber composites and high-temperature alloys, while midstream focuses on satellite platforms and launch services, and downstream encompasses applications in communication, navigation, and remote sensing [7][21]. Company Developments - Several companies have recently disclosed their involvement in the commercial aerospace sector, leading to stock price increases. For instance, Xinjing Technology's RF component products play a crucial role in providing stable and efficient RF signal processing for satellite and ground applications [22][23]. - A list of companies actively engaged in the commercial aerospace sector includes Tianyin Electromechanical, Xinjing Technology, and others, each contributing to various aspects of the industry [27]. Future Outlook - Despite recent market corrections, the overall trend for the commercial aerospace sector remains positive, with structural opportunities expected to continue, suggesting that the next potential limit-up stock may be on the horizon [28].