Core Insights - Arrow Yuan Technology has achieved a significant technological breakthrough with the successful flight recovery test of its "Yuanxing-1" verification rocket, marking an important advancement in reusable liquid launch vehicle technology in China [2] - The successful sea recovery test lays a solid foundation for the future development of full-scale reusable rockets and provides a new technical pathway for low-cost, high-frequency access to space, showcasing significant industry leadership value and commercial prospects [2] - The Hainan Free Trade Port Construction Investment Fund, through its sub-fund Hainan and Cheng Aerospace Private Equity Investment Fund, has played a crucial role in supporting Arrow Yuan Technology, demonstrating the fund's commitment to investing in cutting-edge technology sectors and supporting national strategic emerging industries [2][3] Company and Industry Developments - Arrow Yuan Technology is focusing on building a comprehensive "assembly-testing-launch-recovery" industrial chain centered around the Wenchang International Space City, leveraging Hainan's low-latitude launch advantages and free trade port policies [2] - The Hainan Free Trade Port Construction Investment Fund aims to continue its investment strategy by focusing on the development of leading industries, utilizing its capital leverage and resource integration advantages to attract and cultivate high-quality industrial projects in Hainan [3] - The fund's investment strategy is aligned with the national strategy for the development of the commercial aerospace industry, emphasizing the importance of core technological innovation capabilities in the aerospace sector [3]