Core Insights - Beijing Weiguang Qihang Technology Co., Ltd. has completed the feasibility review of its "Weiguang No. 1" rocket, aiming to establish a competitive edge in China's commercial aerospace 2.0 era through its technology combination of all-carbon fiber body and full-flow liquid oxygen-methane propulsion [1][2] Group 1: Technology and Innovation - The core competitive advantage lies in the propulsion system, featuring a full-flow staged combustion cycle liquid oxygen-methane engine with a combustion efficiency exceeding 99.2%, representing over a 30% increase in payload capacity compared to traditional engines with 95% efficiency [1] - The company has achieved 90% carbon fiber structure in the rocket body, resulting in a weight reduction of 25%-30% compared to traditional metal materials, translating to a 10% increase in payload capacity and a 25% improvement in economic efficiency [1][2] - 3D printing technology plays a crucial role in the company's technical system, allowing for a 30% reduction in manufacturing costs through the use of 3D printed fuel chambers and new propellants [2] Group 2: Business Model and Future Plans - The company has a clear progression plan starting from rocket launch services, gradually extending to propulsion system sales and space application services, targeting over 60% gross margin and over 40% net margin [2] - The timeline for commercialization includes achieving operational status by 2028, conducting recovery tests in 2029, and realizing routine reuse by 2030, positioning the company for a significant role in China's commercial aerospace sector [2]