Core Insights - Shunhao Co., Ltd. (002565) is focusing on its core business of specialty eco-friendly paper and printing products, which have maintained stable revenue and profit levels in recent years [1] - The company has established a mature layout in the industrial hemp and new tobacco sectors, with subsidiaries engaged in the extraction and export of CBD and other natural products [1] - Shunhao's recent investment in Beijing Orbit Chen Guang Technology Co., Ltd. aims to explore opportunities in the space computing industry, which is seen as a potential second growth curve for the company [2] Business Overview - The specialty eco-friendly paper business includes vacuum aluminum paper and laser anti-counterfeiting materials, while the printing business relies on a bidding model and personalized services to maintain high customer loyalty [1] - The industrial hemp sector is represented by Yunnan Green New Biological Pharmaceutical Co., Ltd., focusing on CBD and full-spectrum oil processing, while the U.S. subsidiary Shunho Luxin USA LLC offers products containing CBD and other natural ingredients [1] Investment Strategy - The investment in Orbit Chen Guang is a strategic move to transition into the computing industry, with expectations that space data centers will become a key solution for AI computing needs due to their energy efficiency and environmental benefits [2] - Orbit Chen Guang's core services include "space computing" for satellites and "ground computing" for terrestrial data centers, with potential commercial value expected to materialize within the next five years [2] Industry Trends - The space computing sector is viewed as a new frontier for companies seeking growth beyond traditional business limits, with significant implications for both the investing companies and the industry as a whole [3] - The space computing industry is still in its early stages but shows vast market potential, with various countries and companies beginning to position themselves strategically [3] - Continuous technological advancements and cross-industry investments are anticipated to accelerate the application and development of space computing technologies, providing robust computational support for various applications on Earth [3]

（编辑 姚尧） 证券日报网1月7日讯 ，顺灏股份在接受调研者提问时表示，轨道辰光核心的核心任务是在地球晨昏轨 道发射部署算力卫星，组成太空数据中心，利用7*24小时不间断和无大气遮挡的空间太阳能和宇宙极寒 背景辐射的散热条件发展空间智能，致力于为全球用户提供天基算力服务，实现"天数天算"和"地数天 算"。轨道辰光业务受宏观经济、行业政策、市场环境变化等因素的影响，亦存在产业化、商业化落地 周期较长以及不达预期的风险。轨道辰光的"天数天算"业务可能在未来5年内才有明确的商业价值，太 空数据中心的"地数天算"业务可能在未来5-10年才逐步具备与地面数据中心进行竞争的优势。太空数据 中心面临强烈辐射、轨道维护困难、碎片危害以及与数据治理和太空交通相关的监管问题等障碍，包括 但不限于上述各类因素均可能导致项目商业化进度和效益晚于和低于预期。 ...