券商中国·2025-12-04 07:27Core Viewpoint - The commercial aerospace concept stocks are experiencing significant activity, driven by the successful launch of the Zhuque-3 reusable rocket, which is expected to accelerate the development of China's commercial space industry [1][9]. Group 1: Stock Market Activity - On December 4, multiple commercial aerospace stocks surged, with over ten stocks, including China Satellite and Haichang New Materials, hitting the daily limit or rising over 10% [1][3]. - Notable stocks included Longzhou Co., Huarun Co., and others, with some stocks like Feiwo Technology and Zhaobiao Co. seeing increases of nearly 20% and 18%, respectively [3]. Group 2: Zhuque-3 Rocket Launch - The Zhuque-3 rocket successfully completed its mission on December 3, entering the designated orbit, although it did not achieve the goal of recovering the first stage [5][6]. - This launch marked several domestic firsts, including the first orbital flight of a reusable liquid oxygen-methane rocket and the first application of a nine-engine parallel liquid oxygen-methane propulsion system [5][9]. Group 3: Industry Development Outlook - Analysts believe that the successful launch of Zhuque-3 will lead to rapid advancements in China's commercial aerospace sector, with expectations for significant cost reductions in satellite launches by 2028 [9][10]. - The satellite internet industry is projected to maintain a compound annual growth rate of over 80% during the 14th Five-Year Plan period, with a potential market for rocket capacity and satellite manufacturing reaching 1.011 trillion yuan and 2.074 trillion yuan, respectively [10].