Core Viewpoint - The satellite industry is expected to shine by the end of 2025, with significant investment performance and a notable increase in the scale of related ETFs, which surpassed 11 billion yuan by the end of December 2025, marking a growth of over 140% from the previous month [1][2]. ETF Market Overview - As of the end of 2025, the total scale of satellite industry-related ETFs and linked products exceeded 11 billion yuan, with the largest being the Yongying National Commercial Satellite Communication Industry ETF at 6.66 billion yuan, achieving a return of 71.15% since its inception [1][2]. - The market features four satellite industry indices, with two having tracking products. The Yongying ETF is the only one tracking the National Commercial Satellite Communication Industry Index, while 11 products track the CSI Satellite Industry Index, with the largest being the Zhaoshang CSI Satellite Industry ETF at 1.531 billion yuan [2][4]. Industry Growth Drivers - The satellite industry is experiencing a surge in interest due to favorable policies, technological advancements, and expanding application scenarios, positioning it as a key component of the aerospace sector and a focus of national strategic goals [6][7]. - The "14th Five-Year Plan" has identified aerospace as a strategic emerging industry, with the satellite sector being a critical branch that is benefiting from a tripartite resonance of policy, capital, and technology [7][8]. Investment Opportunities - Fund managers believe that the commercial aerospace sector is on the brink of a breakthrough, driven by four key factors: policy support, technological breakthroughs, financial interest, and expanded application scenarios [8][9]. - Investment opportunities in the satellite industry are expected to arise from the rhythm of satellite launches, breakthroughs in large-capacity rockets, and cost reductions in rocket and satellite manufacturing [9].

眉山资阳以特色布局拓展产业维度 在成都都市圈航空航天产业版图中，眉山与资阳立足自身优势，分别在卫星产业与航天装备制造领域形 成特色布局，成为产业协同发展的重要支撑极。眉山凭借"成都区位、眉山成本"的叠加优势，聚焦卫星 产业生态构建；资阳则依托临空经济区，在火箭总装、卫星制造等领域持续发力，共同推动都市圈产业 布局不断完善。 "此次环天智慧与星元空间的深度合作，以卫星联合发射与数据应用为抓手，完善成都都市圈空天信息 产业链条，旨在把天上的数据真正用起来，形成'卫星发射—数据采集—智能分析—场景应用'的完整闭 环。"成都锦江区星元空间副总经理阳艳介绍。 转自：成都日报锦观 航空航天产业"星耀都市圈" 在核心零部件制造领域，德阳已形成成体系的配套能力，涵盖飞机框、梁、肋、壁板等结构件加工，航 空发动机锻件制造、精密加工，以及航空材料检验检测等全链条环节。 深耕航空航天高端锻件领域的四川德兰航宇就是其中典型代表。该公司在德阳建成智能化生产线，实现 制造全过程可控化与数字化，产品已应用于超70个航空发动机型号，其中就包括世界推力最大的商用航 空发动机GE9X，同时为国产大飞机长江1000发动机等重点项目提供核心配套支持 ...

Group 1 - The commercial aerospace sector continues to gain momentum as the year-end approaches, with satellite internet, commercial aerospace, Beidou navigation, and military-civilian integration concepts showing significant gains, including a 3.41% increase in the satellite ETF (563230) [1] - The successful launch of the Practice-29 satellite A and B using the Long March 7 carrier rocket from the Wenchang Space Launch Site marks a significant achievement, focusing on new technology verification for space target detection [1] - The State-owned Assets Supervision and Administration Commission (SASAC) announced plans to intensify the development of emerging and future industries, particularly in aerospace and low-altitude economy sectors, as part of its revitalization and launch initiatives [1] Group 2 - The satellite ETF (563230) closely tracks the satellite industry index, which encompasses various sectors including integrated circuit design, communication systems and terminal equipment, defense equipment, aerospace, general software development, and electronic components and automation machinery, indicating a high investment efficiency and purity in the satellite industry chain [1]

Group 1 - The A-share market's commercial aerospace stocks continue to perform strongly, with China Satellite rising over 6% and Aerospace Electronics increasing over 4%, driving the satellite ETF E Fund (563530) up by 3.87%. The satellite sector has become a recent hot spot, with the satellite ETF E Fund (563530) gaining 47.93% over the last 28 trading days [1][2] - There has been a continuous net inflow of funds into the satellite ETF E Fund (563530), with a net inflow of 123 million yuan over the last 10 trading days. The recent rise in the satellite sector is supported by the successful launch of the Practice-29 satellite A and B using the Long March 7 rocket, marking the 623rd flight of the Long March series [2][3] - Industry experts indicate that the satellite industry is experiencing a turning point with increasing demand for satellite launches driven by frequency allocation and actual needs. The current bottleneck lies in rocket capacity, as rockets are the only means to transport satellites into space. The successful launch signifies an improvement in China's launch capabilities, with future developments focusing on rocket recovery and reuse [3] Group 2 - The satellite ETF E Fund (563530) tracks the CSI Satellite Industry Index, which includes listed companies involved in satellite manufacturing, launching, communication, navigation, remote sensing, and applications, benefiting from the industry's beta. The satellite industry is still in its early stages, and leading companies in the supply chain are expected to benefit first [3]

分析认为，本轮上涨源于产业进入"四轮驱动"发展阶段：政策支持明确，资本投入踊跃（超10家企业启 动IPO），技术迭代加速（可回收火箭突破），以及需求持续释放（星座组网与终端普及同步推进）。 四重动力共同推动卫星制造、发射、地面设备及运营服务全链条进入高景气周期。 作为覆盖产业链各核心环节的高效工具，卫星产业ETF(159218)已成为资金布局商业航天长期趋势的"温 度计"与"通行证"。在行业基本面持续向好的背景下，该ETF有望继续吸引中长期配置型资金，为投资 者提供参与"太空经济"战略机遇的便捷渠道。 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31日，卫星板块再现异象：数据显示，截至14时59分，卫星产业ETF(159218)涨7.36%，前几大权 重股方面，航天电子、中国卫星涨停封板，中科星图涨11.09%，资金热度不减，据Wind Level2实时行 情结合均价预估，盘中净流入超200万，此前持续维持净流出态势。截至发稿，以实时成交价估算，盘 中预估规模超15亿，在全市场同标的ETF中规模居首。 | 卫星产业ETF | | 159218 +0.124 ...

资本情绪高涨，一二级市场投资升温。海外龙头拟以1.5万亿美元估值推进IPO，打开行业空间。国内科创板成长层 明确支持商业航天等前沿科技领域企业上市，头部企业冲刺IPO，据IT桔子数据，截至11月，全国商业航天投融资 事件超60起，总额超90亿元。 卫星产业正步入加速成长的新阶段，产业趋势愈发清晰。展望2026年，在商业火箭IPO推进背景下，市场关注度依 然较高，可复用火箭有望进入密集发射期，推动技术快速进步，国内卫星有望进入常态化高频发射，星座建设加 速，同时应用端也将持续推进，手机直连、汽车直连、低空经济等场景有望逐步展开。 招商基金卫星产业ETF基金经理许荣漫指出，卫星产业尚处于加速成长初期，远期星座规划相对清晰，但目前小批 量状态下产业链企业利润难以充分释放。市场情绪较好时可能对远期空间预期更加乐观，从而带来板块估值快速扩 张。 具体来看，卫星产业ETF（159218）跟踪的中证卫星产业指数覆盖卫星制造、发射、应用全产业链，短期指数快速 上涨后波动明显加大，建议投资者结合行情波动进行动态配置，也需关注技术验证和发射进度不及预期、订单交付 周期较长导致的业绩兑现错期，以及阶段性市场情绪波动等引发的估值调整 ...

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>> | 序号 | | 代码卫星产业线F159218成分股 | 涨跌幅 ▼ | | --- | --- | --- | --- | | 1 | 688523 | 航天环宇 | 17.91% | | 2 | 688375 | 国博电子 | 14.73% | | 3 | 300136 | 信维通信 | 13.30% | | 4 | 688568 | 中科里图 | 10.66% | | 5 | 601698 | 中国卫通 | 10.01% | | 6 | 600879 | 航天电子 | 10.01% | | 7 | 600345 | 长江通信 | 10.00% | | 8 | 600118 | 中国卫星 | 10.00% | | 9 | 002151 | 肥肥六年 | 10.00% | | 10 | 688333 | 铂力符 | 9.91% | 分析指出，在政策、资本、技术、市场的四重共振下，商业航天已形成"降本-增量-应用-收益"的良性循 环。卫星产业ETF(159218)作为全市场首只跟踪中证卫星产业指数的ETF，覆盖卫星制造、 ...

Group 1 - The satellite industry is experiencing a significant surge, with the satellite industry ETF (159218) reaching a new annual high, reflecting strong market sentiment and capital inflow [1][3] - Key stocks within the satellite industry have shown substantial gains, with notable increases such as 14.06% for Hangda Universe and 11.48% for Xinke Mobile-U, indicating robust performance across the sector [2] - The current growth phase of the industry is driven by four main factors: clear policy support, active capital investment (with over 10 companies initiating IPOs), accelerated technological advancements (notably in reusable rockets), and sustained demand release through satellite constellation networking and terminal proliferation [2] Group 2 - The satellite industry ETF (159218) serves as an efficient tool covering all core segments of the industry chain, acting as a "thermometer" and "pass" for capital allocation in the commercial space sector [3] - With the industry's fundamentals improving, the ETF is expected to continue attracting medium to long-term investment funds, providing investors with a convenient channel to participate in the "space economy" strategic opportunities [3]

2025年收官日，卫星产业以强劲涨势为全年行情画上句号。12月31日下午，卫星产业ETF(159218)涨幅 扩大至5.66%，继续刷新年度高点。板块龙头股集体爆发，其前三大权重股中国卫星、中国卫通、北斗 星通均强势涨停封板，显示出强大的资金凝聚力和市场情绪。 | 卫星产业ETF(SZ:159218) | | | | | | --- | --- | --- | --- | --- | | ¥1.736 +0.093 +5.66% | | | 交题中 12-31 13:25:39 北京时间 | 1.01 万球友关注 | | 三: 1.738 | 今年:1.633 | 张停:1.807 | 成交量:187.35万手 | | | 是低:1.633 | 昨收:1.643 | 跌停:1.479 | 成交额:3.17亿 | | | 摘手:一 | 市价:1.736 | 皇位净值:1.642 | 基金份额: 8.75亿 | | | 振幅: 6.39% | 溢价率:0.12% | 景计净值:1.642 | 名产净值:15.18亿 | | | 成立日:2025-05-14 | 净值日期:2025-12-30 | 到期日 :- | ...

资讯所属栏目还有更多独家策划、专家专栏，免费查阅>> 12月31日，卫星板块午后狂飙！数据显示，截至13时17分，表征板块的卫星产业ETF(159218)涨 5.66%，前几大权重股方面，中国卫星、中国卫通、北斗星通三大权重封板！ 分析称，在航天强国战略引领下，商业航天已进入"政策扶持+资本投入+技术迭代+需求释放"四轮驱动 发展阶段，卫星制造、火箭发射、地面设备及运营服务全链条受益。当前，卫星产业ETF(159218)已成 为资金布局商业航天主线的高效工具，覆盖产业链核心环节，在行业高景气延续的背景下，有望持续吸 引中长期配置资金关注。 风险提示：基金有风险，投资需谨慎。 ...