计算机行业重大事项点评：太空新基建，下一站万亿蓝海

Investment Rating - The report maintains a "Recommendation" rating for the computer industry, indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [18]. Core Insights - The commercial aerospace sector is experiencing rapid development, with significant government support and a projected market size exceeding 2.8 trillion yuan by 2025. This growth is driven by advancements in satellite internet, computing satellites, and the establishment of space data centers [5][6]. - The establishment of the Commercial Aerospace Administration marks a new era for the industry, providing dedicated regulatory oversight and fostering high-quality development [5]. - The report highlights the acceleration of satellite launches, with notable achievements in satellite internet and computing satellite constellations, positioning China as a leader in global space technology [5][6]. Industry Overview - The computer industry comprises 338 listed companies with a total market capitalization of approximately 57.78 billion yuan and a circulating market value of about 52.46 billion yuan [2]. - The absolute performance of the industry over the past 12 months has increased by 18.5%, while its relative performance against the benchmark index has improved by 2.2% [3]. Key Companies and Financial Projections - Notable companies in the sector include China Satellite, Aerospace Electronics, and Unisoc, with varying market capitalizations and earnings projections for 2024 and 2025. For instance, China Satellite has a market cap of 108.74 billion yuan with an estimated EPS of 0.1 for 2024 [6][7]. - The report provides detailed earnings per share (EPS) and price-to-earnings (PE) ratios for several key players, indicating a diverse range of valuations and growth expectations across the industry [6][7].