日联科技锚定商业航天万亿赛道

Core Insights - The establishment of the National Commercial Space Administration and the introduction of specialized development plans mark 2026 as the "commercialization year" for the commercial space industry in China [1] Group 1: Company Overview - Dayun Technology is a leading supplier of industrial X-ray intelligent detection equipment in China, transitioning from a "pioneer" to a "leader" in the commercial space detection field [1] - The company has developed a unique competitive advantage through years of technological barriers and a rare industry position, being the only domestic enterprise to achieve the industrialization of self-developed industrial X-ray sources [1] Group 2: Technological Advancements - The company has released the industry's first industrial X-ray imaging AI vertical large model, which meets the high-efficiency detection needs of mass production in commercial space [1] - The 3D/CT detection technology has upgraded from 2D plane detection to 3D imaging, precisely adapting to the detection requirements of complex products such as rocket structural components and satellite electronic semiconductor devices [1] Group 3: Market Position and Client Base - Dayun Technology has successfully delivered products to key players in the commercial space sector, including China Aerospace Science and Technology Corporation and private enterprises like Galactic Glory, covering a range of components from rockets to satellites [2] - The company has made a critical leap from "technical validation" to "actual application," establishing a solid foundation for growth despite the current low revenue share from the aerospace sector [2] - The high customer stickiness and replacement costs in the aerospace detection industry suggest that once integrated into core supplier systems, the company will continue to benefit from downstream capacity expansion and order releases [2]