常宝股份（002478.SZ）12月16日在投资者互动平台表示，公司专注于各种特种专用管材及精密管的研 发及制造，目前产品主要应用于油气开采、电站锅炉、石化、工程机械、汽车、船舶等相关领域和细分 市场。公司目前的产品暂不涉及商业航天领域。随着公司高端化升级推进，根据特材项目的产品大纲及 规划，公司将根据市场需求情况，推进包括航空航天的油路用管及液压控制管路等各种高端特种精密管 的开发。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司生产的产品有涉及到商业航天相关领域吗？ ...

商业航天概念16日盘中活跃，截至发稿，久之洋20%涨停，天力复合涨超18%创出新高，华菱线缆涨停 斩获4连板，通宇通讯、航天电子连续两日涨停。 中信建投证券认为，当前商业航天产业在国家政策支持和产业技术突破共同助力下，有望进入新纪元。 商业航天产业涉及信息化的主要环节包括：（1）遥感及其应用；（2）卫星测运控系统；（3）CAE仿 真/卫星测试；（4）星际传输处理模块、通信模组、数据处理平台等；新场景扩展层面关注太空算力。 此外，当前商业航天发展是国企与民营企业共振周期。 机构表示，当前，全球航天领域正经历一场深刻的范式变革，核心特征是民营化进程的加速。航天领域 正由国家航天机构主导，向"国家主导战略探索、市场驱动商业应用"的新格局演进。展望"十五五"，中 国对商业航天的政策支持预计将从当前侧重于基础设施建设与市场培育，向规则制定与引导产业探索前 沿领域演进，打造"航天强国"成为国家战略核心规划。 ...

Market Overview - The market experienced a day of volatility with all three major indices opening lower and closing down. The Shanghai Composite Index fell by 1.11% to 3824.81, the Shenzhen Component Index decreased by 1.51% to 12914.67, and the ChiNext Index dropped by 2.1% to 3071.76 [1][2]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets was 1.72 trillion yuan, which is a decrease of 49.3 billion yuan compared to the previous trading day. Over 4300 stocks in the market declined [1]. Sector Performance - The financial technology sector showed strength, with stocks like Hengbao Co., Ltd. hitting the daily limit. The commercial aerospace sector was also active, with Huazhong Cable achieving four consecutive limit-ups [2]. - The retail sector remained strong throughout the day, with Baida Group achieving four consecutive limit-ups, while Hongqi Chain and Guangbai Co. both recorded two consecutive limit-ups [2]. - The intelligent driving concept saw a rise against the trend, with stocks like Zhejiang Shibao and Suoling Co. hitting the daily limit [2]. - Conversely, the film and cinema sector experienced significant declines, with Bona Film Group hitting two consecutive limit-downs [2][3]. Sector Gains and Losses - Sectors with notable gains included retail, education, dairy, and diversified finance, while sectors with significant losses included precious metals, film and cinema, and Hainan [3].

12月16日，A股三大指数集体回调，商业航天板块早盘大幅回调，午后异动拉升，截至14:39，航空航天 ETF（159227）跌幅收窄至0.25%，成交额已达2.73亿元，持仓股航天发展、航天电子涨停，雷电微 力、国博电子、航天彩虹、华力创通、航发控制等股跟涨。航空航天ETF最近规模超21亿元，为同指数 规模最大。 近期商业航天持续走强，蓝箭航天"朱雀三号"遥一运载火箭成功发射并实现入轨，是我国首个成功入轨 的可重复使用液氧甲烷火箭。天龙三号、长征十二号甲计划于2025年12月至2026年初首飞，重点攻关回 收技术。 中信证券研报认为，OpenAI正寻求设立、投资或者并购一家火箭公司，目的是在太空算力领域和马斯 克竞争。美国科技巨头陆续开始布局空间算力，投资界也开始认识到其巨大商业价值。随着中国星网和 G60千帆星座先后进入批量化发射阶段，以及海南商业航天发射场和商业运载火箭的投入使用，大运 力、低成本趋势正引领商业航天开启新时代，同时空间算力也进一步打开行业天花板，万亿市场规模的 新赛道即将扬帆起航，为相关产业链带来巨大的发展契机。 航空航天ETF（159227）跟踪国证航天指数，申万一级军工行业占比高达96 ...

格隆汇12月16日丨常宝股份(002478.SZ)在投资者互动平台表示，公司专注于各种特种专用管材及精密 管的研发及制造，目前产品主要应用于油气开采、电站锅炉、石化、工程机械、汽车、船舶等相关领域 和细分市场。公司目前的产品暂不涉及商业航天领域。随着公司高端化升级推进，根据特材项目的产品 大纲及规划，公司将根据市场需求情况，推进包括航空航天的油路用管及液压控制管路等各种高端特种 精密管的开发。 ...

格隆汇12月16日丨常宝股份(002478.SZ)在投资者互动平台表示，公司专注于各种特种专用管材及精密 管的研发及制造，目前产品主要应用于油气开采、电站锅炉、石化、工程机械、汽车、船舶等相关领域 和细分市场。公司目前的产品暂不涉及商业航天领域。随着公司高端化升级推进，根据特材项目的产品 大纲及规划，公司将根据市场需求情况，推进包括航空航天的油路用管及液压控制管路等各种高端特种 精密管的开发。 ...

格隆汇12月16日丨航天科技(000901.SZ)在互动平台表示，目前公司仅通过客户配套商业航天相关领域 的业务，不直接从事商业航天业务，所占公司营业收入比例较小，尚未对公司经营数据产生重大影响。 ...

12月16日午后，商业航天概念再度拉升，天力复合涨近26%，7个交易日累计上涨超200%。 | 代码 | 名称 | 涨幅%v | 现价 | 主力净量 | | --- | --- | --- | --- | --- | | 920576 | 天力复合 | +25.90% | 87.00 | 0.07 | | 300516 | 久之洋 | +18.41% | 66.32 | 0.29 | | 688323 | 瑞华泰 | +14.48% | 23.01 | 0.97 | | 300542 | 新晨科技 | +12.37% | 20.89 | 0.75 | | 300342 | 天银机电 | +10.27% | 26.96 | 0.68 | | 001208 | 长菱线缆 | +10.02% | 19.77 | -1.53 | | 600198 | 大唐电信 | +10.00% | 9.46 | 1.88 | | 002792 | 通宇通讯 | +10.00% | 35.21 | 2.19 | | 600879 | 航天电子 | +7.90% | 17.07 | -0.53 | | 002383 | 合众思壮 | ...

《电报解读》是一款主打时效性和专业性的即时资讯解读产品。侧重于挖掘重要事件的投资价值、分析 产业链公司以及解读重磅政策的要点。即时为用户提供快讯信息对市场影响的投资参考，将信息的价值 用专业的视角、朴素的语言、图文并茂的方式呈现给用户。 前言 商业航天+卫星+IDC，可提供低轨卫星电源产品，客户包括火箭院、航天科工集团，已形成服务器计算核 心单元、存储单元芯片的电源解决方案，这家公司通信领域成为大唐移动、三星电子等设备商电源供应 商。 ...

Investment Rating - The report maintains a "Positive" investment rating for the communication industry [9]. Core Insights - The communication sector has shown significant growth, with a 5.94% increase in the 50th week of 2025, leading the Yangtze primary industry rankings. Year-to-date, the sector has risen by 80.55% [2][4]. - Demand for optical chips, crucial for AI optical interconnects, remains strong, with overseas capacity expansion focusing on high-margin EML products. The commercialization pace of OCS and CPO is accelerating, driven by the scaling of AI clusters, which will further boost optical module demand [2][7]. - The commercial aerospace sector is entering a period of intensified activity, with core components like antennas and power supplies expected to see increased usage, enhancing their anti-deflationary characteristics [6][7]. Summary by Sections Market Performance - In the 50th week of 2025, the communication sector outperformed with a 5.94% increase, ranking first among primary industries. Since the beginning of the year, it has surged by 80.55% [2][4]. - Notable stock performances include Dekeli (+43.7%), Zhongci Electronics (+40.7%), and Huamao Technology (+28.5%) for gains, while Heertai (-12.6%), ZTE (-10.0%), and Nanjing Panda (-8.0%) faced declines [4]. Optical Chip Demand - Optical chips are in high demand, with Lumentum reporting that its EML production accounts for 50%-60% of the global market. The company has sold out its products until 2026 and has significant bookings for 2027, maintaining high prices [5]. - The company plans to increase EML capacity by approximately 40% over the next three quarters, although a 20% supply-demand gap currently exists, expected to widen to 30% by mid-2026 [5]. Commercial Aerospace Sector - The commercial aerospace sector is experiencing a higher catalytic density, with potential applications in space data centers and a focus on rocket reusability tests expected to accelerate industry activity [6]. - The report emphasizes the importance of selecting stocks with high elasticity and anti-deflation characteristics, particularly in core components like antennas and power supplies [6]. Investment Recommendations - Recommended operators include China Mobile, China Telecom, and China Unicom. For optical modules, suggested companies are Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and Shijia Photon, with attention to Tai Chen Guang and Yuanjie Technology [7]. - Other recommendations include Invech for liquid cooling, and Fenghuo Communication, Hengtong Optic-Electric, and Zhongtian Technology for hollow-core fibers [7].