Group 1 - The satellite industry is experiencing significant growth driven by policy support and commercial application advancements, with the satellite ETF Guangfa (512630) rising over 4% on December 24, 2023, and over 14% since the beginning of December [1][2] - The China Commercial Aerospace Development Conference held in Beijing released a report indicating that there have been 325 space launches globally, with China accounting for 87 launches (84 successful), and 23 of these by private commercial rocket companies, resulting in 324 satellites in orbit [1][2] Group 2 - The policy environment has emphasized the critical role of commercial aerospace and satellite internet in "new infrastructure" and "integrated space-ground networks," with the Ministry of Industry and Information Technology issuing satellite communication licenses to facilitate the transition from experimental to large-scale commercial use [2] - The global satellite internet market is projected to grow at a compound annual growth rate of 18.1% from 2025 to 2030, with China emerging as a significant growth driver due to supportive policies and technological advancements [2] - The CSI Satellite Industry Index has outperformed mainstream broad-based indices, rising over 35% in the past year, with constituent stocks primarily in defense, computer, electronics, and communication sectors, indicating high growth potential and technology intensity [2] - The satellite industry is viewed as a strong strategic investment opportunity, currently at a pivotal moment characterized by policy support, technological breakthroughs, and expanded applications, making it an ideal time to invest in the sector [2]

Core Insights - The satellite industry ETF (159218) experienced a significant increase of 2.28% as of 10:09 AM on December 24, indicating a resurgence in the sector [1] - Major stocks in the satellite sector showed varied performance, with China Satellite rising by 4.43% and Zhongke Xingtou declining by 0.48% [1] - The trading volume in the sector was approximately 120 million yuan, reflecting increased market activity [1] Industry Overview - The competition for space resources is intensifying, positioning satellite internet as a new frontier in global technological competition [1] - The space economy is projected to evolve into a new industrial domain, encompassing satellite communication, navigation, remote sensing, and space tourism [1] - The satellite communication industry is expected to exceed 200 to 400 billion yuan by 2030, with an annual compound growth rate ranging from 10% to 28% [1]

Group 1 - The satellite industry sector experienced significant volatility on December 23, with the satellite industry ETF (159218) declining by 4.42% and a trading range exceeding 5.6% [1] - Despite short-term fluctuations, market sentiment remained resilient, characterized by a clear trend of "buying on dips," as the ETF saw a net subscription of 120 million yuan in a single day, with trading volume approaching 430 million yuan, both reaching historical highs since the product's launch [1][3] - The influx of funds was catalyzed by a key advancement in China's commercial aerospace sector, marked by the successful first flight of the Long March 12A reusable launch vehicle, which successfully placed two satellites into orbit [3] Group 2 - The launch of the Long March 12A rocket represents a critical milestone for China's commercial aerospace industry, transitioning from experimental phases to large-scale operations and from technology validation to a commercial closed loop [3] - The ongoing support from the "14th Five-Year Plan," decreasing launch costs, and accelerated application scenarios have contributed to the formation of a positive cycle in the industry, characterized by "cost reduction—increment—application—revenue" [3] - The satellite industry ETF (159218) is the first in the market to cover the entire satellite industry chain, closely tracking the CSI Satellite Industry Index, and includes components related to satellite manufacturing, rocket launches, ground equipment, and operational services, providing investors with an efficient way to invest in the commercial aerospace sector while smoothing out individual stock volatility [3]

12月24日，卫星板块迅速拉升。数据显示，截至9时47分，表征板块的卫星产业ETF(159218)放量涨 1.35%，成分股新雷能、宏达电子、北斗星通涨幅居前。 分析指出，作为我国第二款首飞即尝试回收的液氧甲烷运载火箭，此次任务为后续相关技术迭代优化积 累了宝贵数据与实践经验，标志着中国航天在低成本进入太空领域迈出关键一步。当前，商业航天已步 入高频次发展期，产业链各环节加速迭代成熟。行业在技术创新中前行，既有突破的期待，也需理性看 待研发过程中的技术挑战。以ETF为代表的市场化工具，正成为投资者在行业高成长与高波动并存背景 下，把握产业长期机遇、平滑个股风险的重要配置选择。 风险提示：基金有风险，投资需谨慎。 | 卫星产业ETF(SZ:159218) | | | | | | | --- | --- | --- | --- | --- | --- | | ¥1.424 +0.018 +1.28% | | | 交易中 12-24 09:46:51 北京时间 | | 9617 球友美注 | | 景高:1.424 | 今年:1.382 | 涨停:1.547 | 成交量:42.73万手 | | | | 最低:1.38 ...

Group 1 - The satellite industry ETF (159218) experienced a significant inflow of funds, with a net subscription of 120 million yuan and a trading volume of nearly 430 million yuan, both reaching historical highs [1] - The successful maiden flight of the Long March 12A reusable launch vehicle, which achieved precise satellite insertion, marks a key breakthrough in China's liquid oxygen-methane reusable rocket technology [1] - Despite a failure in the landing phase of the first-stage rocket, core technology aspects such as re-entry, deceleration, and hovering have been validated [1] Group 2 - The satellite industry chain is gradually forming a virtuous cycle amid the accelerated development of commercial space and the continuous reduction of launch costs [1] - The satellite industry ETF serves as the first investment tool covering the entire satellite industry chain, providing investors with a convenient option to invest in this high-growth sector while smoothing out individual stock volatility [1]

12月18日，卫星产业板块表现强势。截至下午14时33分，全市场首只卫星产业ETF(159218)上涨 3.60%，盘中一度涨超5%。其成分股航天环宇、铂力特等多股涨幅领先。市场交投活跃，该ETF单日成 交额突破2亿元，环比显著放量。 资讯所属栏目还有更多独家策划、专家专栏，免费查阅>> | 序号 | 代码 | | 名称 | 成交金额 ▼ | 涨跌幅 | 预估规模 年初至今份额变动率 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 159218 | 卫星产业ETF | | 2.00亿 | 3.53% | 8.60亿 | 474.03% | | 2 | 512 | 而 | 4 815 | 1.14亿 | 3.60% | 5.00亿 | -62.68% | | 3 | 563 | 卫星 | | 7368.72万 | 3.78% | 3.09亿 | -4.91% | | 4 | 563 | 卫星 | | 5901.73万 | 3.89% | 2.29/7 | -54.94% | 中泰证券强调，AI算力基础设施和卫星互联网是明年通信行业最重要的两 ...

这三重动力共同构成了卫星产业从"试验探索"迈向"规模化运营"的关键转折。随着顶层设计理顺、基础设 施完善和市场需求爆发，全产业链迎来前所未有的增长确定性。卫星产业ETF(159218)作为覆盖产业链各 环节核心公司的投资工具，其持续活跃的交易和资金流入，正是市场对这一确定性变革的前瞻性布局。 风险提示：基金有风险，投资需谨慎。 资讯所属栏目还有更多独家策划、专家专栏，免费查阅>> 12月18日，卫星板块持续走强。截至10时40分，同标的首支卫星产业ETF(159218)放量涨4.69%，盘中创年 内第26次新高；交投持续升温，成交额超1亿，连续第11日站上亿元大关。 | | 序号 代码 | 类型 富语公司 | 名称 | | 涨跌幅 年初至今份额变动率 5日涨跌幅 | | 60日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 159218 | 主 指南星金 | 卫星产业ETF | 4.61% | 474.03% | 8.61% | 18.84% | | 2 | 5637 | 主 富国草金 | | 4.75% | -4.91% | 8.4 ...

近期卫星产业是催化最多的细分赛道之一，从政策到发射到应用，均有重大进展或变化。二级市场方 面，同指数首支卫星产业ETF(159218)成交持续升温，截至12月17日，该基金已连续10个交易日单日成 交额突破1亿元，近5日日均成交额高达1.7亿元，资金参与热情达到空前高度。市场正在用真金白银为 商业航天从"试验探索"迈向"规模化运营"的关键转折点投票。 在应用端，卫星通信正从特种需求走向大众消费。工信部在《关于优化业务准入促进卫星通信产业发展 的指导意见》中明确提出 "到2030年发展卫星通信用户超千万" 的目标。近期发布的华为Mate 80手机已 支持双卫星通信功能，预示着该技术正成为高端智能终端的标配。从手机、新能源汽车到航空器，卫星 通信在弥补地面网络盲区、提供全域连接服务方面的应用场景正在全面打开。 投资视角：全产业链机遇通过ETF一键布局 卫星产业涵盖上游制造、中游发射与地面设备、下游运营与应用的完整链条。当前，政策监管理顺、运 力瓶颈突破、应用场景爆发的三重强催化，正在为全产业链注入前所未有的增长确定性。卫星产业 ETF(159218)作为覆盖产业链各环节核心上市公司的投资工具，其持续巨量的成交，正 ...

Core Viewpoint - The global low Earth orbit (LEO) satellite constellation deployment and space computing industry are entering a phase of explosive growth, positioning the space economy as a core arena for reshaping global technological competition [1] Industry Summary - According to the International Telecommunication Union (ITU), the total planned number of global low Earth orbit satellites has surpassed 100,000, marking a new stage of dense networking and large-scale development in the industry [1] - The functionality of low Earth orbit satellites is continuously upgrading, expanding from remote sensing and communication to on-orbit AI training and low-latency edge computing tasks, which increases the demand for satellite energy to be "lightweight and high-efficiency" [1] Company Summary - As AI computing clusters rapidly expand, ground computing is facing dual challenges of energy supply and heat dissipation efficiency, with power and cooling demands expected to exceed the capacity of existing ground facilities, making space computing a critical solution [1] - The prospects for explosive growth in space computing are clear, indicating significant investment opportunities in this sector [1]

天赐良基日报第792期 一、今日基金新闻速览 1、债券ETF规模创历史新高 履历显示，陈涛曾任巴塞罗那德勤会计师事务所审计师，2015年8月加入嘉实基金研究部任行业研究员。目前，陈涛管理的基金还包括嘉实成长增强灵活配 置混合、嘉实企业变革股票、嘉实策略精选混合、嘉实核心成长混合基金。 iFinD数据显示，截至12月18日，53只债券ETF总规模已累计达到7312.92亿元，较年初规模增长5572.58亿元，增幅达到320.20%。 2、广发基金全资子公司完成工商注册 12月22日，广发基金公告，监管已获准公司设立全资子公司瑞晨股权投资基金管理（广东）有限公司，业务范围为私募股权投资基金管理。目前，瑞晨股权 投资已完成工商注册并取得营业执照。 3、股票型ETF月内净申购超400亿份 公开数据显示，12月以来，股票型ETF呈现资金净买入状态，月内净申购份额达到400.96亿份。在一众基金产品中，股票型ETF净申购份额居首位。 二、知名基金经理最新动态 1、归凯管理的一只基金增聘基金经理 12月23日，嘉实基金公告，嘉实新兴产业股票增聘基金经理陈涛，与归凯共同管理该基金。 2、ETF主题机会 三、今日ETF行情点评 ...