电磁弹射引爆千亿新赛道 电磁发射技术是利用电磁力加速物体至超高速的新型发射技术，通过电能转化为动能实现高效发射，优 势包括初速度更快(可达3000m/s以上)、控制精度高、能耗低等，尤其适合商业航天。 全球电磁弹射技术市场格局清晰，呈现中美双雄领跑的"第一梯队"态势。中美两国是全球仅有的掌握并 实现该技术工程化应用的国家。据悉，福建舰是全球首艘采用常规动力电磁弹射技术的航空母舰，具备 能量效率高、系统稳定性强、维护成本低的优势。 从市场空间来看，在军事领域，据市场研究机构数据显示，全球军用电磁弹射系统市场规模预计在未来 十年内将以年均15%的速度增长，到2030年市场规模将突破200亿美元，其中中国作为最大且增长最快 的市场，预计将占据超过30%的市场份额。 在商业航天领域，中国在该技术亦取得突破，四川资阳的超导磁悬浮电磁发射验证平台已成功试验。据 悉，传统火箭发射成本通常在2000美元—5000美元/公斤，而电磁弹射技术有望将这一成本降至500美 元/公斤甚至更低，这意味着发射成本最高可降低90%，且支持高频次发射，有望改变全球航天发射格 局。 方正证券研报表示，电磁发射技术利用电磁力实现载荷的高速与超高速 ...

Core Viewpoint - The recent advancements in electromagnetic launch technology signify a major technological leap, with the potential to create a new market worth hundreds of billions, particularly in commercial aerospace and military applications [1][3]. Group 1: Company Developments - Jiangxi Lianchuang Superconductor has successfully completed the delivery of a "high-power low-temperature refrigeration system and model superconducting magnet service project," marking its first engineering order in commercial aerospace electromagnetic launch [2][3]. - Lianchuang Optoelectronics experienced a significant stock surge, reaching a limit up within a minute, reflecting investor confidence following the successful project delivery [2]. Group 2: Market Potential - The global electromagnetic launch technology market is expected to grow significantly, with military applications projected to reach over $20 billion by 2030, growing at an annual rate of 15%, with China expected to capture over 30% of this market [3][4]. - In commercial aerospace, traditional rocket launch costs range from $2,000 to $5,000 per kilogram, while electromagnetic launch technology could reduce this cost to as low as $500 per kilogram, representing a potential 90% cost reduction [3][4]. Group 3: Industry Insights - The electromagnetic launch technology is seen as a critical advancement following mechanical and chemical energy launches, with China making significant strides in this field through independent innovation [4][5]. - The commercial aerospace launch market is projected to exceed several hundred billion yuan by 2030, with electromagnetic launch technology likely to play a dominant role [4][5]. Group 4: Key Stocks and Investment Opportunities - The supply chain for electromagnetic launch technology includes high-temperature superconducting materials, special alloy materials, and electronic components, with key players identified in the industry [5][6]. - Notable companies in the electromagnetic launch sector include Xiangdian Co., which has a 100% market share in special equipment applications, and Wangzi New Materials, which provides essential components for electromagnetic launch systems [6][5]. - A total of 17 stocks related to electromagnetic launch technology have been identified, with significant institutional interest in companies like Aerospace Electronics and Guorui Technology [6].

Group 1: Company Performance and Strategy - The company has maintained stable performance and continuous growth due to its focus on the film capacitor industry and a balanced market presence across various sectors such as home appliances and renewable energy [5] - The company has introduced 10 strategic investors during its public offering, which is expected to enhance its market position from both industrial and capital perspectives [6] - The company is actively expanding its production capacity, with the first phase of the metallized film production line equipment already in place and under commissioning [7] Group 2: Market Trends and Product Development - The flexible DC transmission technology is increasingly applied in power systems, with the company's flexible DC capacitors having passed various tests and currently in the prototype engineering phase [6] - The company has obtained 5 invention patents since its listing, indicating a commitment to innovation [7] - The company is focusing on expanding its business in emerging markets such as Southeast Asia and countries along the "Belt and Road" initiative [10] Group 3: Financial Performance - In Q1 2025, the company's revenue increased by 3% year-on-year, but net profit decreased by 9.8%, primarily due to a 1.37% decline in gross margin [13] - The company aims to improve profitability through business expansion and cost reduction measures, including the construction of the metallized film production line [13] - The company has a dividend plan in place, as disclosed in its equity distribution proposal [9] Group 4: Impact of Government Policies - National policies promoting household appliance upgrades and recycling have positively influenced the company's core business in the home appliance sector [15]