格隆汇12月18日丨斯瑞新材(688102.SH)发布投资者关系活动记录表表示，2025年上半年，公司营业收 入77,215.34万元，液体火箭发动机推力室业务营业收入为2,328.97万元。随着全球商业航天的快速发 展，公司液体火箭发动机推力室产品收入从2022年的2,097.16万元增长到2024年的3,016.22万元，今年亦 保持较快增长，客户覆盖蓝箭航天、九州云箭等。2024年，公司启动了液体火箭发动机推力室材料、零 件、组件产业化项目，其中一阶段计划投资2.3亿元，一阶段预计达产后将实现年产约200吨锻件、200 套火箭发动机喷注器面板、500套火箭发动机推力室内壁、外壁等零组件。至2025年6月30日，公司已累 计投入金额4,700多万元，产能持续打造中。 ...

Group 1 - The core viewpoint of the news is that Shanghai aims to cultivate a commercial aerospace advanced manufacturing industry cluster, targeting a scale of approximately 100 billion yuan by 2027 [1] - The measures include financial support for the development of commercial rockets, satellites, and key core products, with subsidies up to 300 million yuan [1] - By 2025, several reusable rockets are expected to have their maiden flights, and the demand for small satellites is predicted to surge, with the commercial aerospace market in China expected to exceed 2.5 trillion yuan this year [1] Group 2 - In March 2023, commercial aerospace was included in the 2025 Government Work Report, positioning it as a strategic emerging industry, with various regions like Beijing, Shanghai, and Sichuan announcing policies to promote its development [2] - The commercial aerospace sector is anticipated to enter a new phase of large-scale application by 2025, with a market size expected to surpass 2.5 trillion yuan and ongoing international cooperation [2] - Nearly 70 commercial aerospace concept stocks have seen an average price increase of 6.47% this year, with notable gains from companies like Xingtou Measurement and Control, which has risen by 211.15% [2] Group 3 - Several companies, including Aerospace Rainbow and Chip Motion, have received institutional research, with Srey New Materials planning to produce components for liquid rocket engines, aiming for an annual output of approximately 200 tons of forgings and various rocket engine components [3] - Five concept stocks have disclosed their Q1 2025 earnings forecasts, with companies like Zhimin Da and Chip Motion expected to turn profitable, while others like Yiwai Communication and Tian'ao Electronics anticipate losses [3] - For 2024, 16 stocks are projected to report positive net profits, with notable contributions from companies such as AVIC Xi'an Aircraft Industry and Aerospace Electronics [3]