大动作！“国家队”，重磅出手！

Core Viewpoint - The article highlights significant developments in China's commercial aerospace sector, particularly the increase in registered capital of China Aerospace Science and Technology Corporation's commercial rocket subsidiary, indicating a transition from exploration to growth phase in the industry [1][3]. Group 1: Company Developments - China Aerospace Science and Technology Corporation's commercial rocket subsidiary increased its registered capital from 1 billion to 1.396 billion yuan, a growth of 39.6% [3]. - The investment from China Aerospace Science and Technology Corporation increased from 510 million to 906 million yuan, marking a 77.6% increase, raising its shareholding to 64.8997% [3][4]. - The company focuses on various aspects of commercial aerospace, including rocket control systems, engine development, and launch services [3]. Group 2: Market Trends - The A-share market experienced a strong start in 2026, with commercial aerospace stocks seeing significant gains, indicating investor optimism in the sector [1]. - Analysts suggest that the commercial aerospace industry in China is transitioning to a growth phase, with expectations of high-frequency rocket launches and large-scale satellite production during the 14th Five-Year Plan [1][5]. Group 3: Industry Outlook - By 2025, the total financing for commercial aerospace is projected to reach 18.6 billion yuan, a year-on-year increase of 32%, with rocket manufacturing and satellite applications being the primary drivers [6]. - China aims to achieve a record 92 rocket launches in 2025, significantly up from 51 in 2024, with plans to send over 300 spacecraft into orbit [6][7]. - The "14th Five-Year Plan" explicitly lists "building a strong aerospace nation" as a national strategic goal, with a target of launching over 30,000 satellites by 2030 [6].