晨报讯（南京晨报/爱南京记者 杨静）2026年1月31日，江苏天兵航天科技股份有限公司（以下简称"天 兵科技"）与北京航空航天大学（以下简称"北航"）签署战略合作协议。 （来源：南京晨报） 转自：南京晨报 根据协议，双方将共建联合实验室，围绕火箭精准回收、发动机复用、全流量补燃发动机等可重复火箭 核心技术开展联合攻关。值得关注的是，天兵科技自主研发的天龙三号大型液体运载火箭，作为我国商 业航天领域首款近地轨道运力可达22吨的大运力可复用火箭，正积极开展火箭子级回收试验。该火箭在 动力系统、材料工艺与回收控制等方面集成几十项新技术，双方合作将为其工程化验证与产业化落地提 供重要支撑。 双方将通过专家互聘、共建实习实践基地、开展项目制育人等机制，实现人才双向流动与协同培养。天 兵科技将为北航学生提供实习与就业通道，北航则为天兵科技科研骨干提供技术深造与培训支持。这 种"人才共育、产学互通"的模式，不仅有助于缓解行业高端工程人才短缺问题，也将为产业规模化发展 储备中坚力量。 随着低轨卫星互联网组网步入加速阶段，大运力可复用火箭作为"航天基础设施"的作用愈发显著。天兵 科技与北航的战略协作，不仅是对国家商业航天发展战 ...

出席签约仪式的人员有北航校长王云鹏，张家港市委书记韩卫，张家港市委常委、副市长李炳龙，张家 港市委常委、经开区党工委书记、管委会主任常征，以及天兵科技董事长康永来。协议由天兵科技技术 发展部总经理杨守良与北航宇航学院院长王伟宗代表双方签署。 共建联合实验室 攻关火箭精准回收与发动机复用等技术 此次合作聚焦于可重复使用火箭的工程化与产业化，围绕技术攻坚、人才共育以及产学研融合这三大方 向有序展开。双方将凭借天兵科技在工程实践、试验验证以及产业链布局等方面的体系化能力，还有北 航在基础研究、关键技术攻关和人才培养等领域的深厚底蕴，携手打造校企协同创新的典范，推动我国 商业航天事业从"单点突破"迈向"系统构建"。 当前，中国商业航天正迎来规模化、商业化发展的关键阶段。天兵科技此前已启动从研发中心、智能制 造基地到专属发射工位的体系化布局，旨在进一步强化其"研发—制造—发射"全链路闭环能力，支撑未 来高频发射任务。在此背景下，与北航的合作被视为其夯实技术底座、贯通创新链与产业链的重要举 措。 王云鹏在签约仪式上表示："商业航天是极具潜力的新赛道，北航与天兵科技的合作，既是优势互补的 必然选择，更是责任担当的生动体现。 ...

2026年1月31日，江苏天兵航天科技（000901）股份有限公司(以下简称"天兵科技")与北京航空航天大学(以下简称"北航")在张家港天兵科技智造基地签 署战略合作协议。北航校长王云鹏，张家港市委书记韩卫，张家港市委常委、副市长李炳龙，张家港市委常委、经开区党工委书记、管委会主任常 征，天兵科技董事长康永来出席签约仪式。天兵科技技术发展部总经理杨守良与北航宇航学院院长王伟宗代表双方签署协议。 此次合作以可重复使用火箭工程化与产业化为核心，围绕技术攻坚、人才共育与产学研融合三大方向展开。双方将依托天兵科技在工程实践、试验验 证与产业链布局方面的体系化能力，以及北航在基础研究、关键技术攻关与人才培养方面的深厚积淀，共同打造校企协同创新标杆，助力我国商业航 天从"单点突破"迈向"系统构建"。 总装厂参观现场照片 签约仪式现场照片 构建联合研发体系，加速核心技术产业化 当前，中国商业航天正迎来规模化、商业化发展的关键阶段。天兵科技此前已启动从研发中心、智能制造基地到专属发射工位的体系化布局，旨在进 一步强化其"研发-制造-发射"全链路闭环能力，支撑未来高频发射任务。在此背景下，与北航的合作被视为其夯实技术底座、贯通 ...

除了技术层面的协作，双方还确立了创新的人才培养机制。通过专家互聘和共建实习实践基地，天兵科 技将为北航学子开辟就业绿灯，而北航则为企业科研人员提供技术深造支持。这种模式旨在解决行业高 端工程人才短缺的问题，为商业航天的体系化竞争储备人才。随着低轨卫星互联网组网进程的加快，这 种**"研发-制造-发射"全链路**的校企深度融合，将为中国商业航天构建更具竞争力的产业生态。 凤凰网科技讯(作者/于雷)1月31日，天兵科技与北京航空航天大学(北航)在江苏张家港正式签署战略合 作协议，双方将围绕可重复使用火箭的工程化与产业化展开深度协作。此次合作的核心在于通过共建联 合实验室，针对火箭精准回收、发动机复用以及全流量补燃发动机等商业航天领域的核心痛点进行联合 攻关。北航校长王云鹏与天兵科技董事长康永来等共同见证了这一产学研融合的重要时刻。 目前，我国商业航天正处于从技术突破向规模化应用转型的关键窗口期。天兵科技自主研发的天龙三号 大型液体运载火箭是此次合作关注的重点，该型火箭具备22吨的近地轨道运力，目前正处于子级回收试 验的关键阶段。通过依托北航在基础研究领域的深厚积淀，天兵科技旨在优化其已构建的年产50发液体 火箭及 ...

2026年1月31日，江苏天兵航天科技股份有限公司（以下简称"天兵科技"）与北京航空航天大学（以下简称"北航"）在张家港天兵科技智造基地签署战 略合作协议。北航校长王云鹏，张家港市委书记韩卫，张家港市委常委、副市长李炳龙，张家港市委常委、经开区党工委书记、管委会主任常征，天 兵科技董事长康永来出席签约仪式。天兵科技技术发展部总经理杨守良与北航宇航学院院长王伟宗代表双方签署协议。 此次合作以可重复使用火箭工程化与产业化为核心，围绕技术攻坚、人才共育与产学研融合三大方向展开。双方将依托天兵科技在工程实践、试验验 证与产业链布局方面的体系化能力，以及北航在基础研究、关键技术攻关与人才培养方面的深厚积淀，共同打造校企协同创新标杆，助力我国商业航 天从"单点突破"迈向"系统构建"。 创新人才共育机制，支撑产业规模化发展 双方将通过专家互聘、共建实习实践基地、开展项目制育人等机制，实现人才双向流动与协同培养。天兵科技将为北航学生提供实习与就业通道，北 航则为天兵科技科研骨干提供技术深造与培训支持。这种"人才共育、产学互通"的模式，不仅有助于缓解行业高端工程人才短缺问题，也将为产业规 模化发展储备中坚力量。 当前，中国商业 ...

Core Viewpoint - The successful launch of the Long March 12甲 rocket marks a significant step towards the development of reusable rocket technology in China, despite the failure to recover the first stage, which provides critical data for future missions [1][2]. Group 1: Rocket Development and Technology - The Long March 12甲 is a medium-sized rocket utilizing liquid oxygen and methane as propellants, designed for "first-stage reuse" [1]. - The rocket's total length is approximately 70.4 meters, with a takeoff weight of about 437 tons [1]. - The development of reusable rockets is seen as a key technology to reshape the global space competition and reduce commercial spaceflight costs [1][2]. - Multiple technical paths are being explored in China's reusable rocket development, including land vertical recovery and sea recovery methods [3][4]. Group 2: Industry Trends and Market Potential - The maturity of reusable rocket technology is viewed as a core engine for ushering in a low-cost era in commercial spaceflight, enabling cost optimization and expanding application scenarios [5]. - The commercial space industry is expected to reach a market size of trillions, with satellite manufacturing and rocket manufacturing being the first beneficiaries [7]. - The development of satellite communication services is accelerating, with major telecom operators preparing to enhance satellite communication capabilities [6][7]. - The industry is transitioning from isolated network operations to integrated "space-ground" communication systems, enhancing overall service offerings [6].

Core Insights - The conference "Fengyunhui·Xiaoyue Wentian" focused on promoting high-quality and safe development of commercial aerospace through collaboration between central and local governments, industry, academia, and finance [1][2]. Group 1: Industry Development - Fengtai District has established a complete industrial chain covering rocket manufacturing, satellite applications, ground equipment, and data services, with an industry scale exceeding 130 billion yuan [2]. - The district aims to enhance its industrial ecosystem and become a globally influential hub for commercial aerospace innovation and industry aggregation [2][4]. Group 2: Collaborative Initiatives - A series of cooperation agreements were signed between Fengtai and 11 national aerospace institutions to focus on technology breakthroughs, results transformation, and industrial collaboration [2][3]. - The establishment of the "Commercial Aerospace Innovation Consortium" aims to facilitate the entire chain from basic research to technology development and testing [3]. Group 3: Financial and Service Support - Fengtai District launched a commercial aerospace industry fund and various financial products to create a diversified financial support network for enterprises [3]. - The "One-on-One Aerospace Steward" service was introduced to provide comprehensive support for businesses, enhancing government service efficiency [3]. Group 4: Technological Achievements - The conference showcased advanced aerospace technologies and products, including unmanned aerial vehicles, space hydrogen power systems, and high-precision inertial measurement units [6][7]. - Tianbing Technology, recognized as a leading company in the commercial aerospace sector, presented multiple rocket models and plans for future commercial launches [6]. Group 5: Future Plans - Fengtai District plans to continue its focus on key areas of commercial aerospace during the 14th Five-Year Plan, promoting collaboration across the industry chain and establishing a virtuous cycle of research, technology, and financial support [4][7].

Core Insights - The frequency of rocket launches in China has significantly increased, with a diverse range of participants, indicating a maturing commercial space ecosystem [1] - The demand for low Earth orbit satellite networks is rapidly growing, prompting private rocket companies to accelerate their entry into the market, which is expected to provide more launch options and enhance cost efficiency across the industry [1] Group 1: Recent Developments in Private Rocket Companies - Several private rocket companies have made notable advancements, including the successful launch of the Zhuque-3 rocket by Blue Arrow Aerospace, which completed its mission and reached the designated orbit [1] - Beijing Tianbing Technology's Tianlong-3 rocket has successfully completed critical tests, indicating readiness for its first flight, which will enable the launch of multiple satellites in a single mission [1] Group 2: Policy Support and Future Prospects - The successful recovery and reuse of rockets could significantly lower launch costs, enhancing the capacity for large-scale commercial launches in China [2] - The National Space Administration has released a plan outlining 22 key initiatives to promote high-quality development in commercial space, including support for new technologies and the establishment of a national commercial space development fund [2] Group 3: Growth in Orders from Listed Companies - Several listed companies are experiencing an increase in orders related to rocket and satellite manufacturing, indicating a positive trend in the commercial space sector [3] - Companies like Yuyuan Powder Materials and Xi'an Triangle Defense are actively engaging with commercial space firms, reflecting the growing demand for components and services in the industry [3] - The development of commercial space is expected to create new growth opportunities for companies with technological advantages and mature production capacities [3]

Core Insights - Beijing Fengtai District is actively promoting the development of commercial aerospace by establishing various projects and partnerships aimed at enhancing the industry’s quality and safety [2][4][7]. Group 1: Event Overview - The "Fengyunhui·Xiaoyue Wentian - 2025 Central-Local Cooperation to Promote High-Quality and Safe Development of Commercial Aerospace Conference" was held on December 15 in Beijing [2]. - Numerous cutting-edge commercial aerospace products were showcased at the event, including hybrid electric propulsion systems, chip atomic clocks, inertial navigation devices, and infrared protection systems [2]. Group 2: Industry Development - Fengtai District has gathered over 40 national aerospace institutions, including the Aerospace Science and Technology Institute and the Aerospace Science and Industry Corporation, along with more than 200 key enterprises in the industry chain, forming a complete industrial chain covering rockets, satellite applications, aerospace testing, ground equipment, and data services [4]. - The total scale of the aerospace industry in Fengtai has surpassed 130 billion yuan [4]. Group 3: Strategic Partnerships - Fengtai District has signed cooperation agreements with national aerospace forces to jointly promote the high-quality and safe development of commercial aerospace [4]. - A commercial aerospace innovation consortium has been established in collaboration with Tsinghua University, Beihang University, and key enterprises in the industry chain to foster deep integration of production, education, research, and application [5]. Group 4: Future Projects - Fengtai District plans to build the "Aerospace Technology City" and other projects such as the Satellite Internet High-Quality Park and the Two-Seven Aerospace Intelligent Manufacturing Base to provide collaborative innovation platforms for national aerospace forces and commercial aerospace enterprises [7].

国泰海通晨报 2025 年 12 月 01 日 国泰海通证券股份有限公司 研究所 [Table_Summary] 1、【宏观研究】：外需修复带动供给边际改善，对制造业 PMI 形成支撑。但是原材料、产成品价 格差走阔，反映内需仍需提振。接下来，基建投资修复值得关注。 2、【机械研究】机器人：优必选等企业加码产业布局、斩获大额订单，产业链协同推进，人形机 器人加速产业化。 3、【军工研究】军工：国家航天局发布关于印发《国家航天局推进商业航天高质量安全发展行动 计划（2025—2027 年）》的通知，指出商业航天是推动航天产业发展、建设航天强国的重要力量。 我们认为，近期我国商业航天产业及政策端利好频发，我国商业航天事业有望驶入快车道。 [汤蔚翔 Table_Authors] (分析师) 电话：021-38676172 邮箱：tangweixiang@gtht.com 登记编号：S0880511010007 [Table_ImportantInfo] 今日重点推荐 侯欢(分析师) 021-23185643 houhuan@gtht.com S0880525040074 梁中华(分析师) 021-23219820 ...