2026.02. 05 中科宇航是国内首家混合所有制火箭企业，业务涵盖系列化中大型火箭研制、生产和发射，亚轨道科学试验、太空智造平台，太空旅游等核心领域。 2025年8月，中科宇航与国泰海通证券签署协议，展开为期四个月的辅导工作。1月24日，据证监会官网显示，中科宇航上市辅导状态已变更为"辅导 工作完成"。 力鸿一号总设计师、总指挥史晓宁向第一财经记者表示，中科宇航与泡泡玛特联手打造 SPACE MOLLY，"航天+"的跨界有助于提升航天品牌的亲和力 与时代感，也借助文化消费的力量，以"首个太空乘客"的概念打开网络话题度，带动公众对太空旅游的关注和讨论，助力太空旅游逐渐从遥远的梦想转 化为真实的生活期待。 本文字数：1311，阅读时长大约2分钟 作者 | 第一财经 宋婕 封图 | 力鸿一号遥一飞行器点火起飞 图源：中科宇航 中科宇航与泡泡玛特共同设计的联名公仔SPACE MOLLY，在完成太空往返后入驻北京泡泡玛特乐园。 2月5日， 中科宇航技术股份有限公司（下称"中科宇航"）向北京泡泡玛特公园交付头戴宇航员头盔的公仔。该款公仔是中科宇航携手因太空航天技术 研究院与泡泡玛特共同联名设计。 1月12日，带有泡泡 ...

Group 1 - The collaboration between China Aerospace Technology Co., Ltd. (中科宇航) and Pop Mart has resulted in the design of a co-branded toy, SPACE MOLLY, which has completed a round trip to space and is now available at the Beijing Pop Mart Park [1] - The toy was delivered on February 5, following the successful suborbital flight test of the Li Hong No. 1 rocket on January 12, where it was the first toy IP to complete a space round trip [1][3] - This cross-industry collaboration is expected to provide important technical references and marketing paradigms for the upcoming development of the Li Hong No. 2 rocket, aimed at public space tourism services [1][3] Group 2 - China Aerospace is the first mixed-ownership rocket enterprise in the country, focusing on the development, production, and launch of medium to large rockets, suborbital scientific experiments, and space tourism [3] - The company has completed its listing counseling work as of January 24, as reported by the China Securities Regulatory Commission [3] - The Li Hong No. 2 rocket is designed to be a fully reusable spacecraft for space tourism, capable of over 30 flights, and will support major strategic projects such as manned lunar landings and deep space exploration [7] Group 3 - The commercial space sector is expected to focus on space tourism as a key emerging business area, with initiatives planned during the 14th Five-Year Plan period to develop space tourism infrastructure and operations [8] - The National Space Administration's action plan for 2025-2027 emphasizes support for commercial space entities in areas such as space resource development, space manufacturing, and space tourism, aiming to innovate business models and develop new industries [8]

（编辑 楚丽君） 证券日报网讯 1月15日，航天智造在互动平台回答投资者提问时表示，公司致力于将航天技术应用于民 用产业，并将航天火工技术和航天模具技术分别应用于油气装备领域和汽车零部件领域，并利用智能制 造技术对传统产业进行升级，从而践行了"航天+"和"智能制造"的融合发展路径。 ...

证券日报网讯1月15日，航天智造（300446）在互动平台回答投资者提问时表示，公司在中长期战略规 划中明确了公司的战略定位"植根航天，面向军民的智能装备与服务提供商"。公司将坚持融合化发展， 加快推进技术与应用向"航天+"、融合领域拓展，产品向电子化延伸，制造向智能化转变。 ...

Core Viewpoint - Aerospace Intelligence Manufacturing (航天智造) aims to become a world-class aerospace intelligent equipment manufacturing enterprise through a dual strategy of "Aerospace+" and "Intelligent Manufacturing" [1] Group 1 - The company will focus on capital operations and industrial development as a dual driving force for growth [1] - The long-term goal is to strengthen, optimize, and expand the company [1]

Group 1 - The forum on the development of the aerospace information industry in Hainan was held, focusing on new opportunities and collaborative paths for the industry [1] - Over 100 representatives from government, academia, research institutions, and leading enterprises participated in discussions on technological innovation and industry ecosystem construction [1] - The forum highlighted the progress of the Wenchang International Aerospace City, including the achievement of "nine launches with nine successes" and the goal of regular monthly launches [2] Group 2 - The completion of the reusable rocket assembly and testing factory by Star Glory, capable of producing 24 rockets annually, signifies a significant advancement in local manufacturing [2] - The establishment of a data product certification system marks the beginning of standardized development in the aerospace data sector [2] - Three key directions for development were identified: integrating rocket manufacturing, satellite research, and application enterprises; expanding "Aerospace+" application scenarios; and enhancing international cooperation in the aerospace industry [3]

刘冀冀 低纬度的海南，正在刷新中国商业航天探索太空新高度。 11月10日，长征十二号运载火箭成功将卫星互联网低轨13组卫星送入预定轨道，发射任务获得圆满 成功，这是海南商业航天发射场的第七次发射。从去年零的突破，到"七发七捷"，再到当前高密度、常 态化发射，海南商业航天发射场正加速崛起。 航空航天是我国重要的战略性新兴产业。省委八届八次全会提出，"以场带产"壮大火箭链、卫星 链、数据链和"航天+"产业。 全岛封关在即，海南如何乘势而上，"以场带产"打造千亿级产业集群? (一) 看效应—— 以发射场为牵引，商业航天产业加速在文昌聚集。"十四五"期间，围绕火箭链、卫星链、数据链， 已有超700家航天相关企业入驻文昌。 "三链"紧密相连、相互促进、形成闭环："火箭链"的繁荣，为"卫星链"提供了上天的通道。"卫星 链"的壮大，为"数据链"提供了源源不断的"数据原油"。"数据链"应用的爆发，对"卫星链"提出更多、更 个性化的卫星需求，进而催生对"火箭链"更频繁、更灵活的发射需求。 "以场带产"，核心在"场"。 这个"场"得到多方支持。从国家发展改革委、商务部发文明确"推动商业航天产业链落地海南"，到 工业和信息化部提出 ...

Core Viewpoint - The aerospace ETF Tianhong (159241) is experiencing active trading with a significant net subscription of 7 million shares, indicating strong market interest in the aerospace sector [1][2]. Group 1: Market Performance - As of November 20, 2025, the aerospace ETF Tianhong (159241) had a turnover rate of 12.25% and a trading volume of 63.468 million yuan, reflecting active market participation [1]. - The tracked index, the National Aerospace Industry Index (CN5082), saw a decline of 1.11%, while constituent stocks showed mixed performance, with Huazhong Technology (300045) leading with a gain of 3.04% [1]. Group 2: Product Highlights - The aerospace ETF Tianhong (159241) offers exposure to aerospace equipment, domestic large aircraft, low-altitude economy, and military information technology stocks, with 99% of its underlying index belonging to the defense and military industry, indicating a higher purity and investment value compared to other military-related indices [3]. Group 3: Industry Events - The 27th China International High-tech Achievements Fair highlighted the aerospace industry, showcasing innovations such as flexible solar wings and laser communication terminals from China Aerospace Science and Technology Corporation, emphasizing the role of aerospace technology in industrial development [3]. - The Ministry of Natural Resources announced the implementation of the "Satellite Navigation Positioning Reference Station Management Measures" starting January 1, 2026, aimed at regulating the construction and operation of satellite navigation stations, with the number of stations increasing from 3,363 to 6,951 [4]. Group 4: Institutional Insights - According to Guoxin Securities, the defense and military industry maintained stable revenue growth in the first three quarters of 2025, with a slight decline in net profit. State-owned military enterprises dominate the industry in terms of asset scale, revenue, and R&D expenses, indicating strong industry control [5]. - The revenue of military state-owned enterprises is closely linked to national defense spending, which is expected to grow steadily, suggesting that the revenue and profitability of these enterprises will also continue to improve [5].

Core Viewpoint - The emphasis is on maintaining confidence and striving to achieve the economic and social development goals for the first half of the year in Wenchang, Hainan Province [2] Group 1: Economic Development - Wenchang is identified as a key area for economic development, with a focus on various projects including agricultural processing, aquaculture, and space technology [2] - The tropical specialty agriculture is highlighted as a "ballast stone" for Wenchang's economy, with a call to leverage local resources such as coconuts, Wenchang chickens, and Hainan snapper [2] - There is a push to enhance the service industry and develop unique cultural tourism brands that reflect Wenchang's characteristics [2] Group 2: Project and Investment - The need to accelerate the progress of new and ongoing projects is stressed, aiming for early completion and utilization [2] - The importance of commercial space industry development is noted, with an emphasis on attracting investment and supporting the full industrial chain [2] Group 3: Governance and Compliance - The focus on implementing the central government's eight-point regulations is reiterated, promoting a culture of practicality and accountability [3]