新兴产业周报（2024.05.27~2024.05.31）：鸿擎科技计划建设万星星座，中国时空信息集团成立

Investment Rating - The report suggests a positive outlook for the commercial aerospace and satellite internet sectors, indicating a favorable investment environment under policy support [3][10]. Core Insights - The establishment of the Blue Arrow Aerospace rocket manufacturing base and the signing of the Hongqi Technology satellite manufacturing project are expected to enhance collaboration in the satellite sector and accelerate the construction of satellite constellations [1][9]. - Hongqi Technology plans to launch a total of 10,000 satellites across 160 orbital planes, which may open up significant market opportunities in satellite internet commercialization [1][9]. - The formation of China Space-Time Information Group with a registered capital of 4 billion RMB aims to enhance the value extraction of satellite communication and navigation data, contributing to a commercial closed loop in aerospace and satellite internet [1][9]. - The Ministry of Industry and Information Technology has issued radio frequency licenses to Beijing Guodian High-Tech Co., facilitating the launch of the Tianqi satellite constellation, marking a significant advancement in China's rocket launch capabilities [2][9]. Summary by Sections 1. Core Insights - The Blue Arrow Aerospace rocket manufacturing base project was inaugurated, and the Hongqi Technology satellite manufacturing project was signed, which is expected to boost the commercial aerospace industry in Wuxi [1][9]. - Hongqi Technology submitted a pre-launch information plan to the International Telecommunication Union, aiming to deploy 10,000 satellites, which could become a key satellite constellation in China [1][9]. - The establishment of China Space-Time Information Group with a capital of 4 billion RMB is expected to enhance the utilization of satellite data [1][9]. - The Ministry of Industry and Information Technology granted licenses to support the Tianqi satellite constellation, indicating progress in commercial aerospace [2][9]. 2. Market Review - The report notes that major A-share indices have shown a fluctuating downward trend over the past year, with some indices experiencing rebounds since February 2024 [12][14]. 3. Industry News - The report highlights significant developments in commercial aerospace and satellite internet, including financing rounds for companies like Deep Blue Aerospace and advancements in satellite technology [51][52]. - The establishment of policies in Shanxi to support the low-altitude economy and the successful hosting of the World Drone Conference in Shenzhen are also noted [57][58]. - The Nanjing government plans to promote artificial intelligence innovation, aiming to develop foundational models and applications by 2026 [59]. 4. Company Announcements - Recent announcements from companies in the emerging industries include profit distribution plans and acquisitions aimed at enhancing technological capabilities [62].