Market Overview - A-shares experienced a rise after a low opening on August 28, with the Shanghai Composite Index up by 0.42%, the Shenzhen Component Index up by 1.06%, and the ChiNext Index up by 1.78% [1][2] - Over 2,500 stocks saw an increase in value [1] Index Performance - The Shanghai Composite Index reached a high of 3,817.82 and a low of 3,790.74, with a trading volume of 328.09 billion [2] - The ChiNext Index increased by 3.55% [4] Notable Stocks - Semiconductor stocks led the gains, with notable performers including: - SMIC (Semiconductor Manufacturing International Corporation) up by 9.03% with a market cap of 545.4 billion [5] - Western Superconducting Technologies up by 6.07% with a market cap of 39.5 billion [5] - Cambrian (寒武纪) up by 4.22% with a market cap of 598.2 billion [5] - The highest stock price for Cambrian reached 1,446.99 yuan per share [5] Satellite Internet Sector - The satellite internet sector saw significant gains, with the satellite internet index opening with an increase of over 4% and China Satellite hitting the daily limit [7] - Notable stocks in this sector included: - Chuangyuan Xinke up by 14.26% with a market cap of 4.3 billion [9] - Huali Chuantong up by 13.08% with a market cap of 16.9 billion [9] - The Ministry of Industry and Information Technology released guidelines to promote the development of the satellite communication industry, aiming for over 10 million satellite communication users by 2030 [8][10] Hong Kong Market - The Hong Kong stock market opened lower, with the Hang Seng Index and Hang Seng Tech Index both dropping over 1% [11] - Meituan's stock fell nearly 9.5% following a significant drop in its Q2 net profit by 89% due to "irrational competition" [12][13] - The new energy vehicle sector also faced declines, with Xpeng Motors down over 4% and Li Auto down over 3% [14]

Market Overview - A-shares opened lower but rose throughout the morning, with the Shanghai Composite Index up 0.42%, Shenzhen Component Index up 1.06%, and ChiNext Index up 1.78% as of the report, with over 2500 stocks rising [2][3] Index Performance - The performance of major indices includes: - Shanghai Composite Index: 3816.45 (+16.10, +0.42%) - Shenzhen Component Index: 12425.98 (+130.91, +1.06%) - ChiNext Index: 2771.70 (+48.50, +1.78%) - STAR Market 50 Index: 1317.77 (+45.21, +3.55%) [3][4] Leading Stocks - Notable stocks leading the market include: - SMIC: 110.68 (+9.03%, market cap 54.547 billion) - Western Superconducting: 60.84 (+6.07%, market cap 39.5 billion) - Cambrian: 1430.01 (+4.22%, market cap 598.2 billion) [5][6] Satellite Internet Sector - The satellite internet sector showed strong performance, with the satellite internet index opening with a gain of over 4%. Key stocks include: - China Satellite: +10.01% - Xingwang Yuda: +9.99% - Chuangyuan Xinke: +14.26% [8][9] Policy Impact - The Ministry of Industry and Information Technology released guidelines to promote the development of the satellite communication industry, aiming for over 10 million satellite communication users by 2030. The guidelines support telecom operators in developing direct satellite connection services and encourage private sector participation [10] Recent Trends - The satellite internet index has seen a nearly 6% increase this week, with leading stocks like China Satellite and Chuangyuan Xinke showing significant gains [11]

《意见》提出，支持低轨卫星互联网加快发展，带动产业链上下游协同创新，实现全球范围内宽带网络 覆盖；支持电信运营商开展终端设备直连卫星业务，通过共建共享等方式充分利用高低轨卫星资源，加 快推动卫星通信应用由专业领域向大众领域普及延伸；组织开展卫星物联网商用试验，研究设立新型卫 星通信业务，进一步扩大向民营企业开放。 工信部相关负责人表示，推动卫星通信与地面移动通信融合发展，促进卫星通信技术与5G/6G、人工智 能等新一代信息技术互融赋能，有助于构建天地一体的信息通信基础设施，支撑我国网络强国、航天强 国、数字中国建设；鼓励卫星通信产业链上下游协同创新，促进战略性新兴产业集聚发展，有助于推动 构建现代化产业体系，加快形成新质生产力；在偏远地区和自然灾害等极端场景下保持稳定可靠的通信 保障能力，推进数字便民惠民，有助于增进民生福祉，满足人民群众日益增长的卫星通信应用需求。 工业和信息化部近日印发《关于优化业务准入促进卫星通信产业发展的指导意见》，提出到2030年卫星 通信管理制度及政策法规进一步完善，产业发展环境持续优化，各类经营主体创新活力充分迸发，基础 设施、产业供给、技术标准、国际合作等综合发展水平显著提升， ...

Market Overview - A-shares opened lower on August 28 but turned positive, with the Shanghai Composite Index up 0.48% to 3818.72 points and the Shenzhen Component Index up 1.25% [1][2] - Over 2500 stocks declined while 2600 stocks rose, with trading volume exceeding 1 trillion yuan for the 67th consecutive day [1][2] Sector Performance - Chip stocks showed strong fluctuations, with the Sci-Tech 50 index rising over 4% and SMIC increasing over 12%, reaching a historical high [3][4] - The AI industry is gaining momentum following the State Council's release of a roadmap for AI development, which is expected to boost domestic chip procurement by large model developers and internet platforms [5] Satellite Internet Sector - The satellite internet index surged by 4.05%, with stocks like China Satellite and Chuangya Lichuang hitting the daily limit [5][6] - The Ministry of Industry and Information Technology issued guidelines to promote the satellite communication industry, aiming for over 10 million users by 2030 [6] Investment Sentiment - Market sentiment is improving, with significant gains in low-valuation, high-dividend sectors, particularly in banking stocks [8] - Analysts predict a sustained bull market over the next 2 to 3 years, with potential for funds to flow into underperforming sectors [8][9] Asset Revaluation - The narrative of asset revaluation in China is ongoing, focusing on innovation capabilities, stabilization in real estate prices, and the positive effects of macro policies on the economy [9]

文 | 刘婧琼 编辑 | 阿至 封面来源 | 企业提供 36氪获悉，天基信息融合应用服务商北京天行探索科技有限公司（以下简称"天行探索"）近日宣布完成千万级天使轮融资，本轮由陆石投资独家投资，所 筹资金用于核心技术研发和研发团队组建。 天行探索成立于2025年4月，专注于卫星互联网融合信息平台的研发运营与卫星通信终端的研发制造，为汽车、海洋等消费级客户提供卫星"通导感"功能 服务和数据增值服务。创始团队均曾就职于头部航天央企和卫星互联网企业，参与过北斗、高分、卫星互联网等航天重大工程，拥有近20年卫星终端研制 和市场应用经验。核心团队为通信、汽车、海洋复合背景，具备丰富的卫星通信和消费级工业品工程化经验。 据创始人介绍，天行探索正在加速推进软件和硬件产品的研发。目前，融合信息服务平台APP、卫星窄带终端和宽带终端均已完成设计，陆续进入测试和 生产阶段，到9月左右，天行探索将对外正式发布这三款产品的1.0版本。 在商业化上，天行探索早期收入将以销售终端硬件为主。在公司管理层看来，目前天行探索的终端硬件成本具备相对优势，"第一我们不自主建厂，避免 重资产投入；第二所有产品严格遵循车规级制造标准；第三面向的市场具备 ...

【导读】A股三大股指拉升飘红，科创50指数涨幅扩大至3.55%，寒武纪大涨 西部超导、中芯国际、寒武纪领涨。寒武纪股价最高攀升至1446.99元/股。 卫星互联网概念股走强 卫星互联网概念股走强，卫星互联网指数开盘涨幅超4%，中国卫星（600118）涨停。 星网宇达（002829）涨停，创远信科涨14.26%，华力创通（300045）涨13.08%，航天环宇、北斗星通 （002151）等涨幅居前。 | 序号 | 名称 | 现价 | 涨跌幅 | 总市值 | 年初至今 | | --- | --- | --- | --- | --- | --- | | 1 | 创远信科 | 30.28 | 14.26% | 43亿 | 104.77% | | 2 | 华力创通 | 25.50 | 13.08% | 169亿 | 22.07% | | 3 | 中国卫星 | 40.10 | 10.01% | 474亿 | 46.94% | | ব | 星网宇达 | 23.78 | 9.99% | 49亿 | 25.42% | | 5 | 航天坏宇 | 26.80 | 8.37% | 109亿 | 34.00% | | e | 北斗雷通 ...

投卫星，选纯正卫星基金！全市场首支且同类规模最大的卫星ETF（159206）备受关注。 8月28日，受重磅消息提振，卫星板块持续走强。截至9：31，卫星ETF（159206）涨3.89%，成分股中 国卫星、星网宇达涨停，华力创通涨超14%，中国卫通、信科移动、中国卫通等跟涨。 银河证券指出，当前正处于卫星互联网大规模组网的临界点，卫星互联网牌照属于第一类基础电信业务 牌照，重点指向低轨卫星组成的大规模星座网络，涉及多个关键环节，预计将推动卫星互联网组网进程 的加速，以及商业化的进一步探索。 此外，传统运营商已正式入局星座服务。近期，中国联通与时空道宇合作的"联通星系"01星-04星四颗 低轨卫星在山东日照附近海域成功发射入轨。联通星系01-03星为低轨物联通信卫星。而联通星系04星 为国内首颗具备3GPP窄带物联通信能力的低轨卫星，其入轨后将开展国内首次低轨3GPP窄带物联体制 在轨测试，支持低功耗物联网终端直连卫星通信，我国低轨卫星物联网领域迈出关键一步。 长城证券认为，目前卫星互联网组网进程持续加速，进入2025-2026年主要卫星互联网诸如千帆星座、 GW星座等逐步迈入发射加速阶段，同时在基础设施方面， ...

Group 1 - The commercial aviation sector is showing positive performance, with the Aerospace ETF Tianhong (159241) increasing by 0.72% as of August 28 [1] - The Aerospace ETF Tianhong has seen a significant increase in shares, with over 91% growth year-to-date as of August 27, making it the top performer among similar funds [1] - The index tracked by the Aerospace ETF Tianhong has over 98% weight in the defense and military industry, focusing on key areas such as large aircraft manufacturing, low-altitude economy, and commercial aerospace [1] Group 2 - The Ministry of Industry and Information Technology has issued guidelines to optimize business access and promote the satellite communication industry, aiming for significant improvements by 2030 [2] - The guidelines propose 19 measures across six areas to enhance the satellite communication industry, including expanding market access and improving regulatory frameworks [2] - The trend in the satellite internet sector is expected to improve due to increasing policy support, reduced costs of satellite manufacturing, and advancements in satellite technology [2] Group 3 - The satellite communication industry is gaining strategic importance, with clear policy directions and an ongoing optimization of business access and licensing processes [3] - There is an anticipated industry turning point with high-frequency launches, suggesting investment opportunities in satellite communication service providers and related sectors [3]

【环球网财经综合报道】日前，工信部印发优化业务准入促进卫星通信产业发展指导意见提出，到2030 年，卫星通信管理制度及政策法规进一步完善，手机直连卫星等新模式新业态规模应用，发展卫星通信 用户超千万。 对此，中信证券撰文指出，卫星通信产业业务准入工作正持续优化，牌照发放工作或将加快推进；国内 行业层面，高频发射已至，产业拐点在即，并建议关注卫星通信服务提供商、卫星通信运营及服务、卫 星制造产业链、地面设备制造等领域的投资机遇。 中商产业研究院也发布报告指出，近年来，我国高度重视卫星互联网产业发展，先后出台了《国家数据 基础设施建设指引》《关于推动未来产业创新发展的实施意见》《绿色航空制造业发展纲要（2023- 2035年）》《"十四五"数字经济发展规划》《"十四五"软件和信息技术服务业发展规划》等一系列政策 举措，为卫星互联网产业的发展提供了有力的政策保障；在利好政策及低轨卫星星座快速布局的推动 下，中国卫星行业经历稳定增长。 同时，中商产业研究院发布的《2025-2030年中国卫星互联网行业市场发展现状及投资规划建议报告》 显示，中国卫星行业市场规模由2020年的629亿元增加至2024年的827亿元，复合 ...

Core Viewpoint - The three major indices opened lower on August 28, with the Shanghai Composite Index down 0.1%, the Shenzhen Component down 0.33%, and the ChiNext Index down 0.58% [1] Sector Performance - Active sectors at the opening included gas, precious metals, satellite internet, and 6G concepts [1] - Declining sectors at the opening included energy metals, insurance, liquid cooling, and rare earth permanent magnet concepts [1]