卫星物联网商用试验有望落地，提示相关投资机会

Investment Rating - The industry rating is maintained at "Overweight" [4] Core Insights - The goal of conducting commercial trials for satellite IoT is to enrich the satellite communication market supply and support the safe and healthy development of emerging industries such as commercial aerospace and low-altitude economy [5] - Satellite IoT business connects various IoT devices through satellite communication technology, providing wide-area IoT connectivity for data collection terminals, wearable devices, handheld terminals, and transportation tools like cars, ships, and airplanes [5] - The conditions for enterprises to apply for satellite IoT commercial trials are stringent, which is beneficial for the development of leading companies in the industry [7][10] Summary by Sections Industry Performance - Over the past 12 months, the industry has shown a relative return of 58.76% compared to the CSI 300 index, with an absolute return of 76.94% [2] Investment Opportunities - The report highlights potential investment opportunities in companies such as Shanghai Port Bay, Shanghai Huanxun, Haige Communication, and Xingtuzhihui as satellite IoT commercial trials begin to take shape [10]