【环球网财经综合报道】近日，商业航天概念股在资本市场表现活跃。截至11月28日收盘，航天发展11 天收获7个涨停板，雷科防务5天4板，通宇通讯实现2连板。与此同时，乾照光电、航天环宇以20CM的 幅度涨停，顺灏股份、四川金顶也实现涨停。 值得注意的是，日前国家航天局印发《推进商业航天高质量安全发展行动计划（2025—2027年）》（以 下简称《行动计划》），提出到2027年，商业航天产业生态高效协同，科研生产安全有序，产业规模显 著壮大，创新创造活力显著增强，资源能力实现统筹建设和高效利用，行业治理能力显著提升，基本实 现商业航天高质量发展。 在机构看来，商业航天三年行动计划出台，力争2027年基本实现商业航天高质量发展。同时，商业航天 司或将作为独立职能部门成立，中国商业航天有望进入高速发展期。方正证券研报认为，《行动计划》 为行业明确了发展方向的同时设立了具体行动举措，将深度服务于国家建设航天强国的目标，行业即将 加速进入规模化发展阶段。 据东方财富Choice数据，11月以来，包括通宇通讯、星图测控、翱捷科技- U、航宇科技、泰永长征、 高华科技、国机精工、崇达技术、云南锗业等，超过30家商业航天概念股 ...

Core Viewpoint - The establishment of the Commercial Space Administration marks a significant step in the development of China's commercial space industry, which is expected to benefit the entire industry chain and promote high-quality growth [1][3]. Group 1: Industry Developments - The Commercial Space Administration has officially been established, integrating various departmental functions to enhance the efficiency of satellite industry development and key processes such as launch approvals and satellite operation licensing [3]. - The launch of medium-sized launch vehicles is imminent, facilitating large-scale constellation networking, with over a hundred satellites already in orbit for projects like GW and Qianfan [3]. - The commercial space sector is experiencing a surge in activity, with significant interest from institutional investors in related stocks, as evidenced by the performance of various commercial space concept stocks [1][3]. Group 2: Company Insights - Tongyu Communication has invested in a space industry fund focusing on commercial space, satellite communication, and advanced manufacturing, with a total investment of 120 million yuan [5]. - Xingtum Measurement and Control has launched the "Star Eye" space perception constellation plan to address the urgent need for in-orbit safety and space traffic management [6]. - Hangyu Technology has established deep connections with leading rocket manufacturers and anticipates significant revenue growth in its commercial space business by 2025 [6][7]. - Gaohua Technology reported a positive market outlook in the aerospace sector, expanding its business in ground testing equipment and rocket engine systems [7]. - Sry New Materials expects revenue from liquid rocket engine thrust chambers to grow from 20.97 million yuan in 2022 to 30.16 million yuan in 2024, with ongoing investments in production capacity [8]. - Guolian Aviation is strategically entering the commercial space sector through acquisitions and partnerships, focusing on core component production for launch vehicles [9]. - ST Sike Rui is developing a comprehensive testing center for space products, enhancing its capabilities to meet commercial space quality standards [10]. - Chaojie Co. is manufacturing structural components for commercial rockets, with a production capacity of 10 rockets per year expected by mid-2024 [11]. - Huali Chuangtong is focusing on the development of radiation-resistant components for low-orbit satellites to reduce manufacturing costs and improve satellite lifespan [12].

Group 1: Longxin Fund Research - Longxin Fund recently conducted research on three listed companies, including Luxshare Precision, Srey New Materials, and Century Huatong [1][2][3] Group 2: Luxshare Precision - Luxshare Precision has developed core capabilities across the entire industrial chain in humanoid robotics, capable of independently completing precision machining of key components like harmonic gears [1] - The company has a rich product matrix in the automotive sector, including high and low voltage harnesses, special harnesses, and fast-charging guns, achieving good development momentum globally [1] Group 3: Srey New Materials - For the first half of 2025, Srey New Materials reported revenue of 77.22 million yuan, with liquid rocket engine thrust chamber business revenue growing from 20.97 million yuan in 2022 to 30.16 million yuan in 2024 [2] - The company plans to invest 230 million yuan in the first phase of a project, aiming for an annual production capacity of 200 tons of forgings and 500 sets of thrust chamber components [2] - Srey New Materials employs both open and closed pricing models to manage copper price fluctuations and utilizes futures and options to stabilize raw material costs [2] Group 4: Century Huatong - Century Huatong's games launched in 2023 continue to innovate, with Kingshot breaking overseas records, indicating a larger overseas market with more users [3] - The company has released at least 20 products since 2023, with data-driven strategies leading to successful hits, where small profits account for about two-thirds of total profits [3] - Adjustments in mini-program commission rates are expected to impact company revenue by approximately 2 percentage points but are anticipated to enhance user retention and payment rates [3] Group 5: Longxin Fund Overview - Longxin Fund, established in 2003, has an asset management scale of 193.73 billion yuan, ranking 41st among 211 funds [4] - The fund manages 181 public funds and has 33 fund managers, with the best-performing fund in the past year being Longxin Innovation-Driven Stock, which grew by 76.77% [4] - The latest public fund product launched is Longxin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A, with a subscription period from November 17 to December 15, 2025 [4]

Group 1 - The core viewpoint of the news is that Zhiyuan Investment has conducted research on a listed company, Srei New Materials, which is involved in multiple sectors including high and medium voltage electrical contact materials, shield machine supporting products, liquid rocket engine thrust chambers, medical CT fields, and optical module chip bases [1] - Srei New Materials holds over 60% market share in the domestic market for high voltage vacuum switch contact materials, primarily used in the power industry [1] - The company is developing high-strength copper retainers for ultra-large diameter shield machines, although this business segment contributes a relatively low revenue [1] - The liquid rocket engine thrust chamber project is expected to produce 200 tons of forgings annually and is currently progressing with registration submitted to the CSRC [1] - In the medical CT field, Srei New Materials collaborates with Siemens Healthineers, Wanruisi, and United Imaging Healthcare [1] - The company has initiated a project to produce 20 million sets of optical module chip bases/casings annually, focusing on low-cost mass production of diamond copper technology [1] Group 2 - Zhiyuan Investment, established in 2015 in Shenzhen Qianhai Free Trade Zone, has a professional investment research team and a comprehensive risk management system [2] - The firm aims to serve the development of China's real economy by connecting social capital with high-quality industries, focusing on asset allocation in companies aligned with development trends to achieve asset preservation and appreciation for clients [2]