新兴产业周报：鸿擎科技计划建设万星星座，中国时空信息集团成立

Core Views - Honghu Technology plans to launch 10,000 satellites across 160 orbital planes, potentially becoming a significant satellite constellation in China and opening up the commercialization of satellite internet [2][67] - The establishment of China Spacetime Information Group with a registered capital of 4 billion RMB aims to enhance the value of satellite communication, navigation, and remote sensing data, contributing to the commercial closure of the satellite internet industry [2][36] - The Ministry of Industry and Information Technology issued a space radio business license to Beijing Guodian Gaoke Technology, supporting the development of commercial aerospace and satellite internet [21][73] Market Review - The A股 market saw significant gains in the week of May 27-31, 2024, with top performers including Yangfan New Materials (+85.86%) and Xice Testing (+51.86%) [9] - The Shenwan large, medium, and small-cap indices showed varying PE-TTM levels, with small-cap indices having the highest PE-TTM at 26.6, followed by medium-cap at 20.5, and large-cap at 14.4 [7] - The A股 large-cap index underperformed the沪深300 index, while medium and small-cap indices outperformed [78] Industry News - Blue Arrow Aerospace's intelligent manufacturing base for carrier rockets was laid, and Honghu Technology's satellite manufacturing project was signed, potentially enhancing synergy between rocket and satellite manufacturing [12][94] - Deep Blue Aerospace completed a Series B financing round of several hundred million RMB, focusing on reusable rocket technology [87] - The 8th World UAV Conference was held in Shenzhen, emphasizing the development of low-altitude economy and unmanned systems [24][39] Company Announcements - Guoke Military Industry announced a profit distribution plan, issuing a cash dividend of 0.8 RMB per share and a capital reserve transfer of 0.2 shares per share [28] - Paike New Materials announced a profit distribution plan, issuing a cash dividend of 1.28 RMB per share [28] - Aerospace Huanyu announced a share repurchase progress, having repurchased 2.47 million shares, accounting for 0.61% of the total shares [28] Investment Recommendations - The report suggests focusing on upstream satellite components and manufacturing, commercial rocket materials and components, and satellite-related applications [75][89] - Key companies to watch include Shanghai Hanxun, Gaohua Technology, Aerospace Huanyu, and China Satcom [75][89]