国防军工行业：华为Mate系列卫星通信功能升级，低轨卫星手机直连进展加速

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The report highlights the acceleration of low-orbit satellite mobile direct connection applications, particularly through Huawei's Mate series, which now supports multiple satellite communication systems [2][3] - The report emphasizes the potential growth in the domestic satellite internet manufacturing and ground equipment sectors, as well as the terminal side and rocket industry chain leaders [2][3] Summary by Relevant Sections Industry Overview - The report discusses the advancements in satellite communication technology, particularly the launch of Huawei's Mate X6, which is the first mass-market smartphone to support three satellite communication systems [2] - It notes the successful testing of low-orbit satellite internet systems, with public testing expected to begin in the second half of 2025 [2] Investment Recommendations - The report suggests focusing on domestic satellite internet manufacturing, ground equipment, and terminal sectors, as well as key players in the rocket industry chain such as Guobo Electronics and Ruichuang Micro-Nano [2][3] Company Analysis - Specific companies mentioned include: - Haige Communication (002465.SZ) with a current price of 11.81 CNY and a target price of 14.29 CNY, rated as "Increase" [5] - Guangwei Composite (300699.SZ) with a current price of 32.60 CNY and a target price of 43.26 CNY, rated as "Increase" [5] - Ruichuang Micro-Nano (688002.SH) with a current price of 45.35 CNY and a target price of 62.57 CNY, rated as "Buy" [5] - Other companies include Bolite (688333.SH), Gaohua Technology (688539.SH), and Zhongke Xingtai (688568.SH), all rated as "Increase" [5]