GREAT MICROWAVE(SH:688270) Sou Hu Cai Jing·2026-01-20 05:58Core Viewpoint - The satellite sector continues to adjust, with evident intentions for capital to accumulate at lower levels, as indicated by recent trading data [1][3]. Group 1: Market Performance - As of 1:34 PM, the satellite industry ETF (159218) experienced a decline of 5.95%, with companies like Zhenlei Technology, Aerospace Huanyu, Aerospace Micro, Changjiang Communication, and China Satellite Communications leading the losses [1]. - Despite the downturn, there was a net inflow of approximately 96 million yuan during the trading session, with the fund seeing a continuous net inflow over three days, totaling around 340 million yuan [1]. Group 2: Industry Developments - On January 19, China successfully launched 19 low-orbit satellites for satellite internet using the Long March 12 rocket from the Hainan commercial space launch site, marking a significant step in the construction of the satellite internet constellation [3]. - This successful launch reinforces the acceleration of the satellite industry in accordance with planned developments, providing solid orders and growth expectations for the sector [3]. - The satellite industry has become widely recognized as a high-growth sector, driven by the ongoing commercialization and rapid development of low-orbit satellite constellations [3]. - The satellite industry ETF (159218) is the first in the market to double its returns while tracking the CSI Satellite Industry Index, covering upstream and downstream companies involved in satellite manufacturing, launching, and navigation communication applications [3].