卫星ETF（159206）成立日期2025年3月6日，最新规模11.93亿。成立以来收益16.76%。 11月26日，亚光科技跌5.29%，截至发稿，报6.80元/股，成交5.56亿元，换手率8.03%，总市值69.48亿 元。 资料显示，亚光科技集团股份有限公司位于湖南省沅江市游艇工业园，成立日期2003年6月3日，上市日 期2010年9月28日，公司主营业务涉及船艇的制造与销售及相关配套服务;军工电子元器件的制造与销 售;电子产品贸易的采购与销售;租赁等业务。主营业务收入构成为：电子元器件69.77%，船舶制造 23.33%，维修等零星收入6.67%，电子产品贸易0.22%。 从亚光科技十大流通股东角度 数据显示，永赢基金旗下1只基金位居亚光科技十大流通股东。卫星ETF（159206）三季度新进十大流 通股东，持有股数274.4万股，占流通股的比例为0.27%。根据测算，今日浮亏损失约104.27万元。 卫星ETF（159206）基金经理为刘庭宇。 截至发稿，刘庭宇累计任职时间2年106天，现任基金资产总规模213.54亿元，任职期间最佳基金回报 86.65%， 任职期间最差基金回报1.1%。 风险提示： ...

卫星ETF（159206）聚焦商业航天+卫星通信，在卫星产业链中超配卫星制造，有望在"航天强国"背景 下率先爆发。卫星ETF（159206）也是全市场首支的卫星ETF，其联接基金A类024194，C类024195。 消息面上，中国可回收火箭"朱雀三号"将于11月中下旬首飞，如果试验成功，将大大降低航天发射端成 本，推动国内卫星互联网星座组网加速。开源证券指出，蓝箭航天朱雀三号第一阶段首飞成功，验证了 可重复使用能力，有望显著降低发射成本，提升我国商业航天竞争力。 工信部正式启动卫星物联网业务商用试验，标志着我国在低轨卫星通信领域迈出关键一步。此次试验期 为两年，旨在通过政策引导推动商业航天、低空经济等新兴产业安全健康发展，并建立可复制推广的监 管与运营模式。卫星物联网将为海洋渔业、交通物流、能源水利、应急通信等多个行业提供广域低速数 据连接服务，成为构建天地一体化网络的重要支撑。方正证券指出，该举措深度服务于"十五五"航天强 国建设目标，有望激发民营经济活力，加速卫星产业链商业化落地进程。 中泰证券指出，"航天强国"明确纳入"十五五"规划建设目标，商业航天产业正进入新一轮高速发展期， GW星座组网发射明显提速 ...

消息面上，11月22日，在2025中国"5G+"工业互联网大会上，工业和信息化部正式启动我国卫星物联网业务商用试验，此次商用试验期为两年，目标通过开 展卫星物联网业务商用试验，丰富卫星通信市场供给，支撑商业航天、低空经济等新兴产业安全健康发展。 华西证券指出，工信部于2025年11月22日正式启动卫星物联网业务商用试验，标志着我国卫星互联网商业运营迈出关键一步。随着牌照发放预期升温，全产 业链有望加速向规模化发展迈进，通信容量提升与时延降低将推动手机直连卫星、低轨卫星网联智能驾驶等应用快速落地。 航空航天、低空经济都是十五五规划建议中明确提出加快打造的战略性新兴产业集群，预计未来将催生出数个万亿级甚至更大规模的市场，板块投资价值凸 显！ 今日，受重磅消息提振，商业航天、卫星互联网、卫星导航等板块领涨市场。截至10：37，聚焦商业航天+卫星通信的卫星ETF（159206）涨2.07%，成分股 光库科技涨超14%，海格通信、乾照光电、华曙高科、航天智装等跟涨。聚焦低空经济的通用航空ETF（159378）涨1.92%，成分股晨曦航空、航天彩虹涨 超6%，莱斯信息、天和防务等跟涨。 通用航空ETF（159206）聚焦 ...

今日，受重磅消息提振，商业航天、卫星互联网、卫星导航等板块领涨市场。卫星ETF（159206）高开涨超2%。截至10：00，成分股光库科技涨超9%，航 天智装、乾照光电、华曙高科、中国卫星、臻镭科技等个股跟涨。 | | | Wind热门概念指数 | | | | --- | --- | --- | --- | --- | | 中船系 | 商业航天 | 水产 | 培育钻石 卫星互联网 | | | 4.72% | 2.56% | 2.60% | 2.45% | 2.40% | | 军工信息化 | 航母 | 十大军工集 | 卫星导航 | 光刻机 | | 2.34% | 2.24% | 2.20% | 2.10% | 1.89% | 注：卫星ETF（159206）成立日期为2025/3/6，早于同类产品，卫星ETF同类指追踪国证商用卫星通信产业指数的所有ETF基金。 基金有风险，投资需谨慎。本文所包含的分析基于各种假设，不同假设可能导致分析结果出现重大不同。在任何情况下，本文中的信息或所表述的意见并不 构成对任何人的投资建议。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 | 序号 | 代码 ...

Group 1 - The core viewpoint of the news highlights the increasing investment in space security by Germany, with a commitment of €35 billion by 2030, indicating a shift in conflict dynamics extending beyond Earth to orbital space [3]. - The satellite ETF (159206) has seen a rise of 1.36%, with constituent stocks such as Tian'ao Electronics reaching a limit-up increase of 10.01% [1][2]. - The satellite industry is poised for significant growth due to supportive policies, technological breakthroughs in rocket development, and the practical application of satellite communications, marking the beginning of a "great navigation era" in commercial space [3]. Group 2 - The satellite ETF focuses on commercial aerospace and satellite communications, particularly emphasizing satellite manufacturing as a critical segment in China's satellite internet development [3]. - The ETF is noted as the first and largest of its kind in the market, tracking the national index for commercial satellite communication [3]. - The evolution of satellite networks is moving from a "single technology application" to a collaborative ecosystem, aiming to create an ecological closed loop for data circulation and value co-creation [3].

Core Viewpoint - The satellite ETF (159206) has seen significant growth, with a 2.53% increase and notable performance from constituent stocks, indicating a strong interest in the commercial space and satellite communication sectors [3][6]. Fund Performance - The satellite ETF has experienced continuous net inflows over the past week, with a peak single-day net inflow of 72.09 million yuan, totaling 175 million yuan in net inflows, averaging 25.01 million yuan per day [3]. Stock Performance - Key stocks within the satellite ETF include: - Aerospace Hongtu (688066) up 10.81% at 27.79 yuan - Zhenlei Technology (688270) up 8.56% at 67.22 yuan - Aerospace Electronics (600879) up 7.57% at 11.79 yuan - Other notable stocks include Zhongke Xingtou, Guoguang Electric, and China Satellite, all showing positive growth [4]. Industry Developments - On November 2, NVIDIA launched the first H100 GPU into space, establishing the first orbital data center, which utilizes solar energy and reduces carbon emissions by 90%, addressing resource shortages on Earth [5]. - Elon Musk stated that the advent of the Starship opens pathways for large-scale deployment of solar-powered AI satellites, aiming for an annual deployment of 1 terawatt of AI computing power [5]. - By May 2025, China plans to initiate the networking phase of its first space computing satellite constellation, with a goal of launching at least 100 satellites by 2026 and a total of no less than 1,000 satellites by 2030 [5]. Market Outlook - Huaxi Securities believes that the low-cost, resource-rich, and expansive nature of space computing presents a stable long-term profit model for commercial aerospace, transitioning from "ground-based computing" to "space-based computing" [5]. - The satellite ETF focuses on commercial aerospace and satellite communication, particularly favoring satellite manufacturing, which is expected to thrive under the "strong aerospace nation" backdrop [6][7].

Core Viewpoint - The satellite ETF (159206) is experiencing a positive market response, with a 0.93% increase and significant net subscriptions, indicating growing investor interest in the commercial space and satellite communication sectors [3][7]. Group 1: ETF Performance - As of 13:38, the satellite ETF (159206) rose by 0.93%, with a net subscription of 11 million yuan during the trading session [3]. - The ETF's current price is 1.193, with an average price of 1.179 and a trading volume of 808 [4]. - The ETF is the first and largest of its kind in the market, tracking the national commercial satellite communication industry index [8]. Group 2: Industry Developments - The successful launch of the Shenzhou 21 manned spacecraft on November 1 and the rapid progress of liquid rockets, including the Tianlong 3 large liquid carrier rocket, are significant milestones in China's space endeavors [5]. - The Long March 7 carrier rocket successfully launched the Remote Sensing Satellite 46, marking the 605th flight of the Long March series [6]. - The commercial space sector is expected to enter a rapid development phase, driven by new rocket models and the construction of large satellite internet constellations, with China planning to launch over 25,000 satellites [6]. Group 3: Investment Opportunities - The satellite ETF focuses on commercial space and satellite communication, particularly emphasizing satellite manufacturing, which is expected to thrive under the "strong aerospace nation" initiative [7]. - The satellite internet industry is characterized by high technology and significant capital requirements, with only China and the U.S. remaining competitive in this field [6].

Core Viewpoint - The recent acceleration in China's satellite internet construction is driving significant growth in related stocks, particularly in the satellite ETF sector, with notable increases in stock prices of key companies involved in this industry [2][5][6]. Group 1: Market Performance - The satellite ETF (159206) has risen by 1.89%, with significant gains in constituent stocks such as Aerospace Zhizhuang up over 11% and Guodun Quantum up over 8% [2][3]. - Other stocks showing strong performance include Alliance Electronics, XW Communication, and Guoke Micro, with increases ranging from approximately 5% to 8.5% [3]. Group 2: Industry Developments - China has recently accelerated its satellite internet initiatives, with three successful satellite launches in October, including the sixth batch of the "Thousand Sails Constellation" network [5]. - The successful launch of 12 low-orbit satellites using the Long March 8 rocket and the deployment of 18 satellites in one launch using the Long March 6 rocket highlight advancements in China's satellite capabilities [5]. - The successful launch of the 20th communication technology test satellite marks a significant milestone in satellite communication technology verification [5]. Group 3: Strategic Importance - The recent Fourth Plenary Session emphasized the strategic importance of the aerospace industry, positioning it as a core frontier industry amid international competition [6]. - The recognition of commercial aerospace as a "new growth engine" in the government work report further underscores the industry's elevated status and potential for accelerated development during the 14th Five-Year Plan period [6].

Core Insights - The satellite ETF (159206) has seen a significant increase of 3.64%, with several companies in the aerospace sector, such as Aerospace Zhizhuang and China Satellite, reaching their daily limit up [3][4] - The recent announcement from the Fourth Plenary Session highlights the importance of the aerospace industry, particularly commercial aerospace, as a key area for development in China's modern industrial system [5] Industry Developments - The aerospace industry is recognized as a core frontier industry in the current international competitive environment, with the commercial aerospace sector expected to accelerate its development, particularly in satellite internet [5] - Recent satellite launches, including the successful deployment of the communication technology test satellite No. 20, are contributing to advancements in multi-band, high-speed satellite communication technology [5] - The Ministry of Industry and Information Technology is actively improving policies related to satellite internet applications, including issuing satellite communication operation licenses to major telecom operators [5] Market Performance - The satellite ETF (159206) is the first and largest of its kind in the market, tracking the national index for commercial satellite communication [6] - The ETF's performance reflects a broader trend in the capital market, where commercial aerospace has been designated as a key support area following the revision of listing standards on the STAR Market [5]

Core Viewpoint - The satellite ETF (159206) has seen significant gains, with constituent stocks such as Xingwang Yuda and Tian'ao Electronics reaching their daily limit up, indicating strong market interest in the satellite industry [3][4]. Group 1: Market Performance - As of 9:36 AM, the satellite ETF (159206) increased by 2.59%, with key stocks like Xingwang Yuda rising by 10.01% and Tian'ao Electronics by 10.00% [3][4]. - The ETF is the first and largest of its kind in the market, tracking the national commercial satellite communication industry index [7]. Group 2: Recent Developments in Satellite Launches - On October 19, 2025, the Lijian-1 Yao-8 rocket successfully launched three satellites into orbit, marking a successful flight test [5]. - On October 17, the Long March 6 modified rocket successfully launched 18 satellites, bringing the total number of satellites in the Qianfan constellation to 108, enhancing communication capabilities [5]. Group 3: Policy and Industry Growth - The national "14th Five-Year Plan" emphasizes the development of integrated information infrastructure, encouraging satellite internet and private satellite enterprise growth [5]. - The commercial space market in China is projected to grow from 9.2 billion CNY in 2020 to 310 billion CNY by 2024, with a compound annual growth rate exceeding 100%, significantly outpacing global growth [6].