Core Insights - The "Yuanli-110" liquid oxygen kerosene engine has successfully completed its first full-system hot test, marking a significant milestone for the company in the commercial space sector [1] - The engine's sea-level thrust has been increased from 85 tons to 110 tons, making it the largest liquid rocket engine in China's commercial space industry [1] - The company aims for the "Yuanli-110" engine to achieve over 20 reuse cycles, indicating a strong focus on reusability in rocket technology [1] Group 1: Engine Development - The "Yuanli-110" engine is based on the "Yuanli-85" and has undergone a year of iterative improvements [1] - The engine features a deep thrust modulation capability ranging from 40% to 110%, supporting the reusable "Inertia II" rocket [1] - The engine's components have a local manufacturing rate of 65% in Wuxi, showcasing the company's commitment to local production [1] Group 2: Company Milestones - The company's first rocket, "Inertia I," is scheduled for its maiden flight in January 2024, aiming to set multiple records in the industry [1] - The company is constructing a liquid rocket engine research and development base with a total area of approximately 83,000 square meters and a building area of about 190,000 square meters, expected to be completed by the end of September [2]