2月11日，三大指数集体低开。截至发稿，国证航天航空行业指数(CN5082.SZ)跌0.3%，成分股中，华 力创通涨超1%，航天电子、振芯科技、中无人机等个股涨幅居前。 相关ETF方面，航空航天ETF天弘（159241）盘中实时成交额262万元，溢折率0.08%。资金流向方面， Wind显示，截至2月10日，该ETF近20日累计"吸金"近1.4亿元；今年以来，该ETF份额已增超48%。 航空航天ETF天弘（159241）跟踪的国证航天指数精准覆盖了空天产业链。其中，航空装备与航天装备 的权重合计超过67%。其前十大重仓股包括航发动力、中航沈飞、中航成飞等央企龙头企业，既具备核 心资产的稳定性，又拥有中小市值的成长弹性。 消息面上，据第一财经，GPU赛道之后，商业航天赛道也诞生了上市首日市值突破千亿的"新贵"。2月 10日，电科蓝天正式登陆科创板，当日开盘暴涨750.05%，收盘报65.94元，涨幅达596.3%，总市值达 1145亿元，成为2026年资本市场开年最受瞩目的新股。 中信建投证券指出，2026年商业航天方面，可复用火箭成产业化核心引擎：深蓝航天星云一号、天兵科 技天龙三号等密集验证回收技术，蓝箭航 ...

Group 1 - The aerospace sector experienced a slight decline, with the Tianhong Aerospace ETF (159241) showing a decrease of 1.18% during trading, with a transaction volume of 88.76 million yuan and a turnover rate of 9.10% [1] - The Tianhong Aerospace ETF has seen a net inflow of 411 million yuan over the last 20 trading days, with a total fund size of 994 million yuan as of February 5, 2026 [1] - The ETF focuses on aerospace equipment, space photovoltaics, domestic large aircraft, low-altitude economy, and military information technology, with 99% of its index belonging to the defense and military industry, indicating a higher investment value compared to other military indices [1] Group 2 - The successful first flight of the reusable Zhuque-3 rocket has been recognized as a significant event, highlighting the progress of private aerospace in China, attributed to the country's strong industrial foundation and open development environment [2] - The Zhuque-3 rocket's launch on December 3, 2025, marked a breakthrough in reusable rocket technology, contributing to low-cost and frequent access to space [2] - The low-altitude economy and commercial aerospace have been identified as key emerging industries, with the integration of artificial intelligence accelerating innovation in the aerospace sector, aligning with the goals of the 14th Five-Year Plan [2]

Group 1 - The aerospace sector is experiencing a positive trend, with the aerospace ETF Tianhong (159241) rising by 1.10% and achieving a trading volume of 17.61 million yuan [1] - The aerospace ETF has seen a net inflow of 405 million yuan over the last 20 trading days, reaching a new high of 999.7 million yuan as of February 4, 2026 [1] - The ETF focuses on military aerospace, covering key components such as fighter jets, transport aircraft, helicopters, and missiles, aligning with the "integrated aerospace" strategic direction [1] Group 2 - The merger between SpaceX and xAI aims to deploy a million satellites to create an orbital AI data center, indicating significant advancements in commercial aerospace [1] - The C929 wide-body passenger aircraft by COMAC has entered the wind tunnel testing phase, while the C919 has received over a thousand orders following its flight demonstration at the Singapore Airshow [1] - The construction of China's first commercial aerospace common test platform is underway, supporting heavy rocket testing, and multiple government reports highlight commercial aerospace as a key industry [1][2]

Group 1 - The solar stocks experienced a collective surge, with JinkoSolar hitting a 20% limit up, which boosted the solar ETF (159857) index by 3% in the afternoon, marking an 8.7% increase over two days, and attracting subscriptions of 172 million units during the session [1] - The solar ETF (159857) and its off-market index funds (A: 011102, C: 011103) track the CSI Solar Industry Index, covering upstream, midstream, and downstream enterprises in the solar industry, including silicon wafers, polysilicon, solar cells, cables, solar glass, battery modules, inverters, solar brackets, and solar power stations, reflecting the overall performance of the solar industry with a solar content of 83.64%, ranking first in the market [1] Group 2 - Reports indicate that last week, Elon Musk's team conducted research on Chinese solar companies, including TCL Zhonghuan, JinkoSolar, and Jinglong Technology, focusing on heterojunction and perovskite technology routes. JinkoSolar confirmed recent contact with Musk's research team [2] - Previously, Musk expressed strong support for space-based solar power at the Davos Forum, revealing key production capacity plans, with SpaceX and Tesla aiming to achieve an annual solar manufacturing capacity of 100 GW within the next three years [2] - CITIC Securities stated that space-based solar power is not merely a hype, as the technology has crossed the "concept" stage and is on the verge of large-scale deployment, supported by real demand, engineering implementation, and a commercial closed loop [2]

格隆汇2月3日｜今日商业航天板块强势上涨，航空航天ETF天弘（159241）标的指数跳涨4.53%，一举 反包近2日跌幅，该ETF近20日净流入3.7亿元。 消息面上，马斯克旗下SpaceX在内部备忘录中证实，将与人工智能公司xAI合并，两者合并后估值达 1.25万亿美元。此次合并或将落实马斯克在太空部署数据中心以支持人工智能复杂计算的愿景。根据上 周五提交的文件，SpaceX正为该项计划申请许可，拟向地球轨道发射多达100万颗卫星。 航空航天ETF天弘（159241）紧密跟踪国证航天航空行业指数，该指数覆盖航空装备、航天装备、军工 电子等细分领域，一键实现"军工+卫星"双轮驱动，其在申万一级行业分类中，与国防军工权重占比高 达98.2%，是全市场最"纯"军工指数，同时该指数与低空经济、卫星互联网、商业航天等热门主题高度 契合——与申万二级行业的"航空装备+航天装备"权重合计超68%，与军民融合含量高达76.55%，与大 飞机和低空经济的含量也均超50%。 中信证券认为，商业航天产业正加速突破。商业航天的价值不仅在于短期投资回报，也在于长期的复利 效应，国内"航天+AI"等新业态在持续涌现。 ...

值得关注的是，Wind显示，航空航天ETF天弘（159241）近7个交易日（1月22日~1月30日）实现连 续"吸金"，航空航天ETF天弘（159241）最近20个交易日累计获资金净流入3.44亿元。截至2026年01月 30日，该基金最新规模为9.51亿元。 航空航天ETF天弘（159241）聚焦军工细分空天力量，成分股覆盖战斗机、运输机、直升机、航空发动 机、导弹、卫星、雷达等全产业链龙头，完美契合"空天一体"的战略方向。 消息面上，近日航天航空板块受到多重利好提振。据中国信息协会低空经济分会报告，低空经济已明确 纳入"十五五"国家战略性新兴产业，政策支持力度持续强化。商业航天领域迎来技术突破，据开源证券 研报，可重复使用火箭进入工程化阶段，有望显著降低发射成本。此外，据中泰证券数据，主要航司 2025年业绩预告普遍改善，航空客运需求呈现强劲复苏态势。 广发证券指出，商业航天、大飞机、航空发动机领域将维持高景气度。中国航天"天工开物"计划与 SpaceX卫星网络计划共同推动产业升级，重点关注产业链中轻量化材料、卫星应用及航空制造等环节 的成长潜力。 西南证券分析称，航空航天业正从政策驱动转向长期战略引领， ...

Group 1 - The aerospace sector experienced a morning adjustment on January 26, with the Guozheng Aerospace Industry Index falling by 2.14%. Among the constituent stocks, Zhenxin Technology rose over 7%, while China Satellite and Aerospace Development dropped more than 5% [1] - The Tianhong Aerospace ETF (159241) recorded two consecutive days of gains as of last Friday, with a trading volume of 166 million yuan. It has seen a net inflow of over 20 million yuan in the last two trading days, with a cumulative net inflow of over 62 million yuan in the past five trading days and 170 million yuan in the last ten trading days [1] - The Tianhong Aerospace ETF closely tracks the Guozheng Aerospace Industry Index, which covers sub-sectors such as aerospace equipment, military electronics, and satellite internet, with a high weight of 98.7% in the defense and military industry category [1] Group 2 - The third Beijing Commercial Aerospace Industry High-Quality Development Promotion Conference was held on January 23, launching six platforms under "Beijing Rocket Street" aimed at accelerating major project construction and forming a comprehensive "thousand-star production capacity" [2] - According to Guojin Securities, the global aerospace industry is undergoing structural changes similar to the Age of Exploration, driven by the rise of commercial aerospace companies like SpaceX. China's commercial aerospace is transitioning from a policy incubation phase to an industrial explosion phase, with 2026 expected to be a pivotal year for the industry [2]

Group 1 - The market experienced a rebound on January 22, with the three major indices turning positive, and the CSI Photovoltaic Industry Index rising by 1.33% [1] - The Photovoltaic ETF (159857) had a trading volume of nearly 150 million yuan, leading among similar products in the Shenzhen market, with component stocks such as GoodWe and Junda shares hitting the daily limit [1] - As of January 21, the Photovoltaic ETF had a circulating share of 2.267 billion and a market size of 2.012 billion yuan, and it is the largest ETF tracking the CSI Photovoltaic Industry Index in the Shenzhen market [1] Group 2 - The commercial aerospace industry in China has achieved significant milestones in key areas such as reusable rocket technology and large satellite constellation networking, driving rapid development in the emerging field of space photovoltaics [2] - Analysts believe that space photovoltaics, leveraging the unique advantage of continuous sunlight in space, has become a critical support for long-term stable power supply for spacecraft, with demand expected to grow due to satellite networking and equipment upgrades [2] - According to Zheshang Securities, the photovoltaic industry has faced a loss trend since Q4 2023, with a projected 33% reduction in workforce in 2024, and the average interest-bearing debt ratio has increased from 23% to 31% [2]

消息面上，据证券时报，马斯克据悉希望在7月前让SpaceX上市。当地时间1月21日，据媒体报道，马 斯克正积极推进麾下太空探索技术公司SpaceX的首次公开募股（IPO）计划，其目标是在今年7月之前 完成IPO。报道称，知情人士称，马斯克一心想着让SpaceX成为首家在太空建数据中心的公司。如果没 有IPO一次性带来的数十亿美元资金，就很难尝试这样的壮举。马斯克还认为，SpaceX IPO将有助于他 的AI公司xAI追赶上竞争对手。 国金证券认为，2026年航空航天行业将迎来供需拐点。供给端受飞机制造商产能制约显著。需求端则持 续增长，中国民航客运量预计同比增速4.7%-5.5%，供需缺口或达1.4%，推动客座率超2019年水平。 （文章来源：21世纪经济报道） 相关ETF方面，航空航天ETF天弘(159241)昨日成交额为1.59亿元，溢价率为0.14%。资金流向方面，该 ETF1月19日至21日三日累计获资金净流入额超4000万元。截至1月21日收盘，该ETF最新流通份额为 5.44亿份，最新流通规模为8.12亿元。 航空航天ETF天弘（159241）紧密跟踪国证航天航空行业指数，该指数覆盖航空装备、航天 ...

资金流向方面，Wind数据显示，该ETF近10个交易日累计获资金净流入额超2.3亿元。 航空航天ETF天弘（159241）紧密跟踪国证航天航空行业指数，该指数覆盖航空装备、航天装备、军工 电子等细分领域，涉及卫星互联网、大飞机、低空经济等前沿科技方向。跟踪指数行业布局在申万一级 行业分类中，国防军工权重占比高达98.7%。 1月22日，A股早盘震荡走强，三大指数集体上涨，商业航天概念再度爆发，国证航天航空行业指数涨 近3%。 相关ETF中，航空航天ETF天弘（159241）盘中成交额达1.19亿元，换手率14.27%，换手率居同标的第 一。 中银证券认为，商业航天主题正突破"升温"期。商业航天领域近期迎来顶层设计完善以及新政策支持， 为产业发展明确了发展蓝图，增强了市场对商业航天长期发展的信心。近期，我国卫星互联网低轨卫星 组网发射明显提速，未来国内商业航天进入常态化、高频次发射阶段后将对产业链上下游形成实质性利 好。 东兴证券指出，"十五五"时期，商业航天将成为国内推动新质生产力和科技高质量发展的重要引擎。为 了抢占宝贵的轨道和频谱资源，2026年我国星座卫星发射数量有望进一步加速增长；民营商业火箭公司 有 ...