Industry Summary - The National Internet Information Office and other government bodies have issued regulations for satellite direct connection services, effective from June 1, 2025, to support the integration of satellite communication with ground mobile communication [1] - The satellite direct connection market is identified as a core area for space-ground integrated communication, with a projected market size of $66.8 billion over the next decade according to NSR [1] - The market is expected to experience growth driven by the scale effect of over 1 billion smartphones shipped annually and the demand for emergency rescue and marine communication, leading to increased penetration of satellite communication modules into mid-range devices [1] - The satellite direct connection market is transitioning from "technology validation" to "scale application," with emergency communication, IoT, and consumer scenarios expected to see early growth [1] - The market is anticipated to become a trillion-dollar blue ocean, reshaping the global communication landscape due to declining costs, standardization, and policy support over the next ten years [1] Company Summary - Tianyin Electromechanical's subsidiary, Tianyin Star, specializes in stellar sensors, holding a competitive position in the domestic commercial satellite market [2] - Huali Chuantong has developed a comprehensive industry chain for satellite communication, offering a full range of satellite application products and solutions based on its self-developed core chip technology [2]