中新社上海9月26日电 (记者郑莹莹)中国航天科技集团商业火箭有限公司成立一周年之际，长征商业发 射用户大会26日在沪举办。 中国航天科技集团有限公司总工程师李忠宝指出，中国航天科技集团(有限公司)主动服务和融入新发展 格局，将发展商业航天作为加快推动(中国)航天强国建设的重要任务。(完) （文章来源：中国新闻网） 历经数十载发展，长征系列运载火箭已打造出多型"金牌"火箭，正稳步实现从"产品"到"商品"的关键跨 越。截至2025年5月，长征系列运载火箭累计完成商业发射119次，综合性能位居世界前列。 作为中国航天科技集团有限公司商业火箭发射服务的运营主体，中国航天科技集团商业火箭有限公司全 面承接中国国内长征系列运载火箭的商业发射服务。 中国航天科技集团商业火箭有限公司总经理王闻杰在会上说："去年的今天，我们公司在上海成立，旨 在探索商业航天新模式、新业态、新市场，为用户提供高可靠、高性价比的商业发射服务。" ...

Group 1 - The aerospace ETF (159227) experienced a decline of 4.35% with a trading volume of 216 million yuan, indicating active trading with a turnover rate of 18.39% [1] - Key stocks within the ETF include Huayin Technology, Guobo Electronics, and Hangyu Technology which saw increases, while Changcheng Military Industry, Construction Industry, and Inner Mongolia First Machinery Group hit the daily limit down [1] - The first domestic commercial space situational awareness satellite named "Jiazhou" is set to launch on September 5 from the Jiuquan Satellite Launch Center [1] Group 2 - The aerospace ETF tracks the Guozheng Aerospace Index, focusing on military aerospace capabilities, with the military industry accounting for 97.96% of the index [2] - The Guozheng Aerospace Index has a higher concentration in aerospace equipment, with a weight of 65.4% in aerospace and aviation equipment, surpassing the weights in the Zhongzheng Military and Zhongzheng Defense indices [2]

Core Viewpoint - The rapid rise of China's commercial space industry is marked by significant advancements in key technologies, particularly in reusable rockets and satellite manufacturing, positioning it as a competitive player against global leaders like SpaceX [1][2][4]. Group 1: Industry Development - China's commercial space sector is experiencing a milestone moment with the successful launch of 10 low-orbit satellites by China Star Network, marking the sixth launch in a month [1]. - The collaboration between state-owned enterprises and private companies in China is creating a complementary industrial ecosystem, with state entities focusing on strategic planning and private firms driving technological innovation and commercialization [1][2]. - The report from "Jiazi Guangnian Think Tank" provides a comprehensive overview of the current state and future prospects of China's commercial space industry, highlighting its transition from catching up to running alongside global competitors [2]. Group 2: Technological Breakthroughs - Continuous breakthroughs in key technology areas, such as reusable rockets and satellite mass production, are essential for the stable and efficient deployment of large low-orbit internet constellations in China [2][4]. - The establishment of advanced smart manufacturing bases, like the G60 satellite digital factory in Shanghai, has significantly improved satellite production efficiency through the use of digital twin and flexible intelligent manufacturing technologies [2]. - The integration of artificial intelligence and satellite internet is expanding the application boundaries of the aerospace industry, accelerating the development of commercial markets [4][37]. Group 3: Market Dynamics - The commercial space industry's core logic is based on a virtuous cycle of technological breakthroughs reducing costs, which in turn expands the market and drives innovation [4][37]. - The global commercial space market is heavily concentrated among a few key players, with SpaceX leading in launch frequency and payload capacity, while China's space capabilities are rapidly advancing [10][12]. - In 2024, the global space economy is projected to reach $415 billion, with commercial satellite services dominating the market, reflecting a growing trend towards cost reduction and efficiency improvements [33][25]. Group 4: Policy and Investment - National policies are crucial in shaping and promoting the development of China's commercial space industry, with recent government reports emphasizing the sector's strategic importance as a new growth engine [15][19]. - Local governments are actively implementing specialized policies and action plans to foster regional industrial clusters and application demonstrations in commercial space [16][18]. - The influx of diverse capital investments is a significant driver of growth in China's commercial space sector, with a notable increase in financing activities since 2015 [22][24].

Core Insights - China's commercial space industry is experiencing a milestone development moment, highlighted by the successful launch of 10 low-orbit satellites by China Star Network, marking the sixth launch in a month [2] - The industry is rapidly catching up to global leader SpaceX, which maintains a significant advantage with its reusable Falcon 9 rocket and is projected to conduct more launches in 2024 than all other providers combined [2][12] - The collaboration between state-owned enterprises and private companies in China is creating a complementary industrial ecosystem, with state enterprises focusing on strategic layout and private firms driving technological innovation and commercialization [2][3] Industry Development Background - The global commercial space industry is growing rapidly, with satellite internet revenues expanding and satellite applications and services remaining the largest segment of the market [4][27] - The core logic of commercial space development is a virtuous cycle of "technological breakthroughs reducing costs → cost reductions expanding markets → market demand driving innovation" [4][38] - Key technological breakthroughs in satellite mass manufacturing, reusable rockets, and laser communication links are enabling the transition of low-orbit mega-constellations from concept to large-scale deployment [4][41] Key Trends and Challenges - The commercial space sector is transitioning from a government-dominated model to one driven by market forces, with increasing participation from private enterprises [8][11] - The rise of private companies in the space industry is significant, with their share of the market growing rapidly [9][12] - The Chinese government is playing a crucial role in shaping and promoting the commercial space industry through supportive policies and strategic initiatives [19][22] Market Potential and Investment - The market for commercial space is showing significant potential, with policies gradually loosening and companies pursuing commercial profit [8][24] - Investment activities in China's commercial space sector have remained highly active since 2015, indicating optimistic market expectations [29][25] - The core technology teams, competitive barriers, and feasibility of business models are critical considerations for investors in the commercial space sector [29] Technological Advancements - The development of reusable rocket technology is pivotal for reducing launch costs and enhancing operational efficiency, which is essential for the commercialization of the space industry [43][39] - Laser communication is emerging as the best communication method for future integrated space-ground-sea networks, significantly improving operational efficiency [45][46] - The integration of artificial intelligence and new information technologies with satellite internet is expanding the application boundaries of the space industry and accelerating the development of the civilian market [4][38]

此外，随着技术封锁的逐步突破，中国航空航天企业积极推进国产替代进程，在多个关键领域取得了显 著成效。韩强表示，在航空材料方面，高性能复合材料的国产化取得了重大进展。在航天装备制造领 域，以运载火箭为例，我国长征系列运载火箭不断进行技术升级和改进，运载能力逐步提升，发射可靠 性不断提高。如今，我国不仅能够依靠国产运载火箭完成各类卫星发射任务，还积极开展商业航天发射 服务，将中国的航天技术推向国际市场。在卫星制造方面，我国企业也实现了从零部件到整星的国产化 生产，自主研制的通信卫星、遥感卫星、气象卫星等广泛应用于国民经济和社会发展的各个领域，有效 降低了对国外卫星产品的依赖。 展望未来，韩强表示，中国航空航天行业前景广阔，充满无限可能。随着全球对航空运输需求的持续增 长以及人类对宇宙探索的不断深入，航空航天市场将迎来更加蓬勃的发展机遇。在航空领域，我国正在 积极推进国产大飞机项目，C919的成功商用标志着我国在民用航空领域迈出了坚实的一步。未来，随 着C919市场份额的逐步扩大以及后续型号的研发改进，中国民航客机有望在全球市场中占据重要地 位。同时，通用航空产业也将迎来快速发展期，低空经济的兴起将带动无人机、直升 ...