中小盘周报：国内商业航天成果频出，民航局召开低空经济专题会议

Core Insights - The report highlights the significant rebound in A-share indices since February 2024, with large-cap indices showing less decline compared to mid and small-cap indices [4][43]. - The predicted PE ratios for 2024 indicate that large-cap indices have a PE of approximately 10.2, mid-cap indices at 12.0, and small-cap indices at 19.4, suggesting a valuation disparity among different market segments [6][67]. - The report identifies key stocks with substantial weekly gains, including Huace Film & TV (+95.41%) and DingTong Technology (+65.40%), indicating strong market performance in specific sectors [7]. Market Review - A-share indices experienced varied performance, with large-cap indices declining by 0.55%, mid-cap indices down by 1.16%, and small-cap indices decreasing by 0.20% during the week of March 18-22, 2024 [66]. - The report notes that the small-cap index outperformed both large and mid-cap indices, reflecting a shift in market sentiment towards smaller companies [66]. Industry News - The commercial aerospace sector is highlighted for its recent achievements, including the successful launch of the Chang Zheng 8 rocket and the Yuhang 2 satellite, which are expected to drive demand in upstream hardware and enhance technological maturity [28][62]. - The report discusses the low-altitude economy, emphasizing the Civil Aviation Administration's focus on developing this sector, which is anticipated to boost growth and quality in related industries [62]. Company Announcements - Aerospace Electronics reported a revenue of 18.727 billion yuan in 2023, with a 15.46% increase in aerospace product revenue, while civilian product revenue declined by 12.86% [12]. - Zhongke Chuangda announced a revenue of 5.242 billion yuan in 2023, a decrease of 3.73% year-on-year, with a significant drop in net profit by 39.36% [13]. - The report also mentions that Jinda Co. achieved a revenue of approximately 1.790 billion yuan in 2023, reflecting a growth of 2.07% year-on-year, with a notable increase in sales of flat wire products for electric vehicles [15].