近日，南都湾财社记者获悉，工业和信息化部正式印发《关于组织开展卫星物联网业务商用试验的通知》，在全 国范围内启动卫星物联网商用试验工作。此举标志着我国卫星通信产业化迈出关键一步，将进一步激发商业航 天、低空经济等新兴产业活力，助力新质生产力发展。 工信部表示，此次试验旨在丰富卫星通信市场供给、激发市场主体活力、提升行业服务能力、建立安全监管体 系，形成可复制可推广的经验和模式，支持商业航天、低空经济等新兴产业安全健康发展。 通知显示，本次商用试验申请开展卫星物联网商用试验的企业，应通过构建卫星物联网系统，以及业务支撑系统 （BSS）、运营支撑系统（OSS）和管理支撑系统（MSS），依法依规在全国范围开展卫星物联网业务。商用试 验服务对象为利用卫星物联网开展应用的企事业单位，主要包括工业、交通、能源、农业、应急等领域中利用卫 星物联网开展数据采集和传输的行业用户。 根据通知要求，申请企业需具备资金、人才、设施等基础条件，提交科学完善的试验方案，并依法办理频率台站 许可。试验期为两年，在此期间企业须落实网络安全、实名制管理、数据保护、防诈治理等责任，定期报送业务 数据，接入工业互联网标识解析体系，支持IPv6，实 ...

记者丨彭新 编辑丨张星 处于爆发前夜的商业航天领域，迎来顶层管理架构的职能整合。 近日， 国家国防科技工业局（下称"国防科工局"）官网发布的2026年度考试录用公务员公 告，计划招录"商业航天司航天监管岗"。 另据国家公务员局公开招录信息显示，该岗位职级 为"一级主任科员及以下"，职位简介为"承担商业航天领域政策研究、项目管理、重大事项组 织协调、安全监管等工作"。 据了解，商业航天司为国防科工局近期新增设部门，目前正处于人员招募的起步阶段。 这一机构设置的变动，被业界视为国家从体制机制层面破解商业航天复杂监管现状、推动产业 向规范化、规模化转型的关键信号。 图片来源：新华社 职能整合提速 卫星制造商银河航天向记者回应称，国防科工局商业航天司的成立有助于推动产业健康、有 序、高质量发展。公司期待商业航天司的设立持续推动我国商业航天加速发展，加速技术与产 业的融合创新，凝聚力量共同培育产业集群新生态。 此次商业航天司的设立，意在从顶层设计上解决上述职能交叉与分散的问题。据中信证券11月 23日研报，商业航天司的成立将有效整合多部门相关职能，卫星产业发展有望在更高层面实现 统筹协调，商业航天发射审批、卫星运营牌照 ...

根据公开的组织架构，此前卫星产业监管职能呈现"切块"特征：国防科工局作为民用卫星发射主管部 门，主抓卫星工程统筹及发射审批；国家航天局侧重技术论证与支持；工信部下属的信息通信发展司、 信息通信管理局和无线电管理局，则分别负责网络建设政策、市场准入与设备进网以及卫星轨道频率协 调等。 这种多部门并行的管理模式，随着商业航天企业数量增长和发射任务频率加密，审批流程繁琐、标准不 一、协调难度大等问题日益凸显。 （原标题：中国商业航天爆发前夜，商业航天司来了） 21世纪经济报道记者彭新 处于爆发前夜的商业航天领域，迎来顶层管理架构的职能整合。 近日，国家国防科技工业局（下称"国防科工局"）官网发布的2026年度考试录用公务员公告显示，计划 招录"商业航天司航天监管岗"。另据国家公务员局公开招录信息显示，该岗位职级为"一级主任科员及 以下"，职位简介为"承担商业航天领域政策研究、项目管理、重大事项组织协调、安全监管等工作"。 据了解，商业航天司为国防科工局近期新增设部门，目前正处于人员招募的起步阶段。 这一机构设置的变动，被业界视为国家从体制机制层面破解商业航天复杂监管现状、推动产业向规范 化、规模化转型的关键信号。 ...

Group 1 - The 2025 China International Digital Economy Expo was officially launched in Shijiazhuang, showcasing over 30 digital innovation achievements by China Telecom under the theme "Leading Digital Transformation for a Smart Future" [4] - China Telecom is implementing the "East Data West Computing" project, developing an integrated intelligent computing service platform called "Xirang," which enables real-time computing resource scheduling [5] - The Hebei Telecom has established the first dedicated computing interconnection scheduling platform in the province, providing 3000P of domestic computing power [5] Group 2 - China Telecom has launched a provincial public data registration and authorization platform to enhance the value of data elements, supporting unified management of public data [6] - The company introduced the first quantum encryption office product in the province, enhancing data security for key industries [6] - A high-quality data set for industrial textile defect detection was recognized as a typical case by the National Data Bureau [6] Group 3 - China Telecom's satellite mobile communication system allows users to make calls and send messages without ground network signals, enhancing connectivity in low-signal areas [7] - The integration of 5G and satellite technology is being developed to create a comprehensive low-altitude intelligent network [8] - The "Jinong Tong Smart Planting Platform" utilizes AI and IoT technologies to optimize agricultural practices, improving crop yield and quality [8] Group 4 - China Telecom has introduced several digital technology products aimed at enhancing daily life, including the Tianyi Smart Screen and AI humanoid robots [9] - The company is building a smart home ecosystem that integrates connection, service, and security, providing a new experience in daily life [9] - The company aims to explore new development opportunities and unlock new scenarios for digital industry development [10]

Core Insights - The report highlights the upcoming 14th Five-Year Plan, which is expected to create significant investment opportunities in key industries during the fourth quarter and the first half of the following year [3] Industry Overview - The semiconductor manufacturing sector is experiencing a positive trend, particularly in copper plating equipment for the front-end of semiconductor manufacturing, aligning with the domestic shift towards high-end processes [4] - The satellite communication industry in China is poised for rapid growth following the issuance of operating licenses to major telecom companies, which will enhance emergency communication and services in remote areas [4] Advanced Manufacturing Sector - The lithium battery copper foil industry is transitioning from scale expansion to a dual increase in quality and price, with a recovery in the market, especially for high-end products [7] - The supply side is facing a shortage of high-end capacity due to high technical barriers for ultra-thin copper foils (6μm and below), while demand is expected to rise with the peak consumption season for electric vehicles and 3C products [7] - The industry is experiencing a K-shaped recovery, with high-end markets thriving due to supply constraints and cost pressures, while facing competition from alternative technologies [7] Company Performance - Shengmei Shanghai (688082.SH) reported a total order amount of 9.072 billion yuan as of September 29, 2025, reflecting a year-on-year increase of 34.10% [4] - Dalian Heavy Industry expects a net profit attributable to shareholders of 473.74 million to 507.74 million yuan for the first three quarters of 2025, marking a growth of 19.91% to 28.52% year-on-year [8] - The company anticipates a significant recovery in gross margin due to increased revenue from wind power equipment deliveries, which is expected to continue in the coming years [8]

Market Overview - On September 29, 2025, A-shares saw all three major indices rise, with the Shanghai Composite Index closing at 3862.53 points, up 0.9% [1] - The Shenzhen Component Index closed at 13479.43 points, up 2.05%, and the ChiNext Index closed at 3238.01 points, up 2.74% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.16 trillion yuan, an increase of 100 billion yuan from the previous trading day [1] - Hong Kong stocks also experienced gains, with the Hang Seng Index rising 1.89% to 26622.88 points and a total trading volume of 3090.96 million HKD [1] - In the US market, all three major indices closed higher, with the Dow Jones up 0.15% to 46316.07 points and the Nasdaq Composite up 0.48% to 22591.15 points [1] New IPOs - Two new stocks were listed on September 29, 2025, with no new stock subscriptions [1] - Yunhan Xincheng, listed on the ChiNext with a stock code of 301563, had an issue price of 27 yuan per share and a price-to-earnings ratio of 20.91 [1] - The company focuses on electronic component distribution and industrial internet integration, providing a full range of services from product selection to technical support [1] Policy Developments - The National Development and Reform Commission (NDRC) is actively promoting a new type of policy financial tool with a scale of 500 billion yuan to support effective investment in specific projects [3] - The NDRC aims to ensure that funds from this financial tool are quickly allocated to projects to promote stable economic development [3] Industry Licensing - The Ministry of Industry and Information Technology has issued a satellite mobile communication business license to China Mobile, allowing it to engage in satellite communication services [4] - This move follows similar licensing for China Telecom and China Unicom, enhancing emergency communication and services in remote areas [4] Smart Technology Promotion - The NDRC is working to expand the market for smart terminals and intelligent entities by focusing on policy guidance, technological innovation, and market demand [6] - The initiative aims to support the application of artificial intelligence in key sectors such as education, healthcare, and transportation, promoting new products and applications [6]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has granted China Mobile a satellite mobile communication business license, allowing it to legally conduct satellite direct connection services, enhancing emergency communication, maritime communication, and services in remote areas [2][3]. Group 1: Regulatory Developments - MIIT has issued satellite mobile communication business licenses to China Mobile and China Unicom, following China Telecom's earlier approval, enabling these companies to expand their service offerings [2]. - The MIIT aims to optimize market access for satellite communication and strengthen regulatory oversight to promote high-quality development in China's satellite communication industry [2]. Group 2: Technological Advancements - China Mobile is actively involved in the development of integrated communication technologies, leading national projects and standard-setting initiatives, including the creation of the Star-Ground Deep Integration Network (STCN) technology system [3]. - The company has successfully launched the world's first 6G architecture verification satellite and the first 5G-ANTN regeneration technology verification satellite, laying the groundwork for future technological advancements [3]. Group 3: Business Applications - China Mobile is expanding its satellite services, including fixed broadband, satellite IoT, and mobile direct connection, to serve markets such as maritime broadband and emergency rescue [4]. - The company plans to leverage its strengths in terrestrial communication to enhance the "integrated space-ground" digital information infrastructure, contributing to the high-quality development of the satellite communication industry [4].

Core Points - The Ministry of Industry and Information Technology of China has granted satellite mobile communication business licenses to major telecom operators, including China Mobile, China Telecom, and China Unicom, allowing them to conduct satellite direct connection services [1] - China Mobile is the second telecom operator to receive this license in September, following China Unicom, which launched its satellite direct connection service shortly after receiving the license [1] - China Telecom was the first among the three operators to launch satellite direct connection services, having already developed this business for some time [1] Company Developments - China Telecom held a launch event for its satellite direct connection service in Hong Kong on May 8, leveraging the Tiantong satellite system [2] - On May 16, China Telecom announced the international expansion of its satellite services through a partnership with ETL in Laos [2] - In the first half of the year, China Telecom's satellite business revenue increased by 20.5% year-on-year [2]

Core Insights - The Ministry of Industry and Information Technology of China has issued satellite mobile communication business licenses to China Mobile, following China Telecom and China Unicom, allowing these companies to provide direct satellite communication services [1][2] Group 1: Industry Developments - The issuance of satellite mobile communication licenses is part of a broader initiative to optimize market access and promote the development of the satellite communication industry in China [1] - The Ministry aims to enhance the quality of the satellite communication industry, supporting national strategies for a strong network, aerospace, and digital development [1] Group 2: Company Activities - China Mobile has made significant advancements in satellite communication, including the completion of the world's first mobile direct connection to high-orbit satellites in June 2024 and the establishment of a research institute for satellite communication technology [1] - China Unicom has quickly launched its satellite direct connection service with a monthly fee of 10 yuan, offering 2 minutes of free domestic calls [2] - China Telecom has successfully launched its satellite direct connection service in Hong Kong and Laos, with a reported 20.5% year-on-year increase in satellite business revenue in the first half of 2025 [4]

Core Viewpoint - The Ministry of Industry and Information Technology has granted satellite mobile communication business licenses to major Chinese telecom operators, enhancing the satellite communication industry and supporting national development goals [1] Group 1: Company Developments - China Mobile has received a satellite mobile communication business operating license, following China Telecom [1] - China Unicom has also obtained the satellite mobile communication business operating qualification, allowing it to engage in satellite direct connection services [1] Group 2: Industry Implications - The licenses enable telecom companies to deepen applications in emergency communication, maritime communication, and communication in remote areas, thereby enriching service and product offerings [1] - The Ministry plans to optimize market access for satellite communication and strengthen regulatory and safety measures to promote high-quality development in the satellite communication industry [1]