人民财讯12月17日电，顶固集创（300749）12月17日在互动平台表示，航聚科技专注于空天飞行器热防 护领域特种功能材料研发。产品主要应用于空天飞行器、运载火箭、深海潜航器等航空、航天、航海领 域。为国内具备飞行器热防护设计和仿真、材料研发和生产、风洞检测和整体解决方案能力的头部企 业。在商业航天领域，航聚科技研发的WS系列柔性可复用防热材料已运用于蓝箭航天朱雀三号箭体。 公司参股了航聚科技5.8018%的股权，主要是看好商业航天的前景和航聚科技的发展潜力。 ...

格隆汇12月16日丨博云新材(002297.SZ)在互动平台表示，在商用航天领域，公司通过自主创新，所研 发的碳/碳喉衬材料已成功应用于我国的"快舟系列"商业航天固体运载火箭上。 ...

格隆汇12月16日丨博云新材(002297.SZ)在互动平台表示，在商用航天领域，公司通过自主创新，所研 发的碳/碳喉衬材料已成功应用于我国的"快舟系列"商业航天固体运载火箭上。 ...

Core Insights - The A-share commercial aerospace sector continues to show strong upward momentum, characterized by a "continuous board leading the rise, blooming at multiple points" pattern, establishing itself as a key focus in the new productivity landscape [1] - The establishment of a national-level regulatory body for commercial aerospace marks a transition from a "policy cultivation period" to a "regulated development period," which is expected to optimize approval processes and reduce institutional transaction costs for enterprises [1][2] - The commercial aerospace market in China has surpassed 2.8 trillion yuan in 2025, with projections to reach 7.8 trillion yuan by 2030, driven primarily by satellite application services [2] Market Dynamics - The commercial aerospace sector is experiencing a significant influx of capital, with policies from the China Securities Regulatory Commission supporting the listing of commercial aerospace companies on the Sci-Tech Innovation Board, and several private aerospace firms entering the IPO guidance phase [2] - Local governments are establishing specialized funds for commercial aerospace, with a total scale exceeding 50 billion yuan, providing substantial financial support for industry development [2] Benefiting Sectors - The aerospace materials sector is benefiting from the urgent demand for high-end materials in rocket and satellite manufacturing, with companies like Western Materials and Tai Steel seeing significant order growth [3] - The satellite communication and measurement control sector is experiencing explosive demand due to the dense networking of low-orbit constellations, with companies like Leike Defense and Tongyu Communication reporting doubled orders [3] - The aerospace electronics and components sector is reliant on core electronic components for precision manufacturing, with companies like Keda Guokai and Zhenyou Technology entering mainstream supply chains, anticipating over 40% revenue growth in 2025 [3]

Core Viewpoint - The company has developed high-strength, high-conductivity copper alloy materials, particularly chromium-zirconium copper and copper-chromium-niobium, which are ideal for the inner wall of liquid rocket engine thrust chambers due to their high-temperature stability, heat resistance, and superior thermal conductivity [1] Group 1 - The liquid rocket thrust chamber inner wall materials must withstand combustion temperatures of thousands of degrees while also having excellent thermal conductivity to dissipate heat and protect the engine structure [1] - The company's strategy includes scaling up production to reduce the unit cost of these materials, which is a crucial measure to address domestic and international industry competition [1] - Current major clients of the company include Blue Arrow Aerospace, Jiuzhou Yunjian, Star Glory, and Deep Blue Aerospace [1]

Core Viewpoint - The application of aerospace technology in civilian sectors is seen as a transformative opportunity, enhancing everyday life while promoting economic development through innovative materials and products [1][2] Group 1: Aerospace Technology in Civilian Use - Aerospace technology is being applied in various civilian sectors, including hydrogen energy, electromechanical equipment, and materials [1] - The commercialization of aerospace materials is viewed as an inevitable trend in economic development, providing better user experiences and making advanced materials accessible to the general public [1] Group 2: Product Innovations - Aerospace-grade insulation materials are being transformed into fibers or batting for textiles, resulting in high-performance winter clothing that offers superior warmth, better elasticity, and longer lifespan compared to conventional options [1] - The collaboration between Beijing Aerospace Kane New Materials Co., Ltd. and Beijing Xinrui Aisikan Technology Co., Ltd. aims to integrate aerospace materials technology with the health industry, marking a significant step in applying advanced materials to enhance public health [1] Group 3: Strategic Collaboration - The partnership focuses on deepening cooperation in new material research, health product innovation, and industry standard formulation, accelerating the transition of aerospace technology into health products [2] - The goal is to leverage Chinese aerospace manufacturing to upgrade the health industry and benefit a broader population [2]

Group 1: Longxin Fund Research - Longxin Fund recently conducted research on three listed companies, including Luxshare Precision, Srey New Materials, and Century Huatong [1][2][3] Group 2: Luxshare Precision - Luxshare Precision has developed core capabilities across the entire industrial chain in humanoid robotics, capable of independently completing precision machining of key components like harmonic gears [1] - The company has a rich product matrix in the automotive sector, including high and low voltage harnesses, special harnesses, and fast-charging guns, achieving good development momentum globally [1] Group 3: Srey New Materials - For the first half of 2025, Srey New Materials reported revenue of 77.22 million yuan, with liquid rocket engine thrust chamber business revenue growing from 20.97 million yuan in 2022 to 30.16 million yuan in 2024 [2] - The company plans to invest 230 million yuan in the first phase of a project, aiming for an annual production capacity of 200 tons of forgings and 500 sets of thrust chamber components [2] - Srey New Materials employs both open and closed pricing models to manage copper price fluctuations and utilizes futures and options to stabilize raw material costs [2] Group 4: Century Huatong - Century Huatong's games launched in 2023 continue to innovate, with Kingshot breaking overseas records, indicating a larger overseas market with more users [3] - The company has released at least 20 products since 2023, with data-driven strategies leading to successful hits, where small profits account for about two-thirds of total profits [3] - Adjustments in mini-program commission rates are expected to impact company revenue by approximately 2 percentage points but are anticipated to enhance user retention and payment rates [3] Group 5: Longxin Fund Overview - Longxin Fund, established in 2003, has an asset management scale of 193.73 billion yuan, ranking 41st among 211 funds [4] - The fund manages 181 public funds and has 33 fund managers, with the best-performing fund in the past year being Longxin Innovation-Driven Stock, which grew by 76.77% [4] - The latest public fund product launched is Longxin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A, with a subscription period from November 17 to December 15, 2025 [4]

Core Insights - The project "New Generation Launch Vehicle Surface Special Protective Coating Technology and Application" led by Professor Zhu Xinyuan from Shanghai Jiao Tong University has won the Shanghai Science and Technology Progress Award Special Prize, marking a significant breakthrough in aerospace thermal protection materials [1] - The innovative "hyperbranched polymer coating integrated protection" approach replaces traditional thermal insulation tile splicing techniques, addressing issues of low reliability and long manufacturing cycles in previous protective technologies [1][2] Group 1 - The new rocket technology has demonstrated high reliability and efficiency, with no instances of debris shedding during over 20 recent launch missions, supporting China's strategic need for high-frequency rocket launches [2] - The new generation of rockets faces extreme temperature challenges, with the satellite fairing needing to withstand over 500°C during atmospheric entry, while also dealing with ultra-low temperatures of -183°C from liquid oxygen fuel [2][3] Group 2 - The research team has integrated cutting-edge polymer synthesis with engineering needs, forming a collaborative team with key aerospace institutions to create a complete innovation chain from basic research to engineering application [3] - The team proposed a disruptive concept of a one-piece protective coating that eliminates seam risks and significantly enhances reliability while shortening production cycles [3][4] Group 3 - The new coating technology requires three essential capabilities: strong adhesion, extreme temperature resistance, and good sprayability, achieved by combining hyperbranched polymers with inorganic functional fillers [4] - The team has successfully tackled four core technologies, including controlled preparation of hyperbranched polymers and precise robotic spraying, enabling scalable production [4] - This high-performance polymer technology has been applied to various launch vehicles, notably in the Chang Zheng 6A solid rocket launch mission, and has expanded into civilian applications, breaking foreign monopolies in high-end industrial coatings [4]

Core Insights - The 2025 North China National Metrology Testing Center Work Symposium was held in Hohhot, focusing on building a new regional metrology service system through policy collaboration, standard co-construction, regulatory linkage, and data sharing to support high-quality economic and social development in the region [1] Group 1: Regional Collaboration and Infrastructure Development - The market regulatory departments of Beijing, Tianjin, Hebei, Shanxi, and Inner Mongolia have successfully established a collaborative metrology support system, significantly enhancing service efficiency [1] - The three regions of Beijing, Tianjin, and Hebei have achieved mutual recognition of "measuring instrument type evaluation certificates," facilitating cross-regional business operations [1] - A total of 9,229 public measurement standards have been co-constructed among the five regions, improving the value transmission system [1] Group 2: Industry-Specific Measurement Centers - Various regions have established industry metrology testing centers focusing on their advantageous industries, such as graphene and aerospace materials in Beijing, and rail transportation in Hebei [2] - Beijing is planning to build the first national automotive autonomous driving metrology data application base, while Tianjin is preparing a smart power metering data base [2] Group 3: Green Transition Initiatives - The North China region has taken the lead in establishing a carbon measurement laboratory and a regional carbon emission monitoring system [2] - Specific carbon measurement tasks have been identified, with Shanxi outlining 44 key tasks and Inner Mongolia applying core equipment developed by the national carbon measurement center [2] Group 4: Public Welfare and Consumer Protection - The five regions have intensified the regulation of consumer metrology, with initiatives such as promoting fair scale management in Beijing and implementing IoT anti-cheating scales in Hebei [2] - Inner Mongolia has effectively addressed fuel dispenser cheating issues through a smart regulatory platform, ensuring consumer protection [2]