资料显示，湖南华曙高科技股份有限公司位于湖南省长沙市岳麓区岳麓西大道2710号，成立日期2009年 10月21日，上市日期2023年4月17日，公司主营业务涉及工业级增材制造设备的研发、生产与销售,致力 于为全球客户提供金属(SLM)增材制造设备和高分子(SLS)增材制造设备,并提供3D打印材料、工艺及服 务。主营业务收入构成为：3D打印设备及辅机配件74.47%，售后服务及其他13.57%，3D打印粉末材料 11.02%，其他(补充)0.94%。 华夏行业景气混合A（003567）基金经理为钟帅。 截至发稿，钟帅累计任职时间5年186天，现任基金资产总规模119.14亿元，任职期间最佳基金回报 218.15%， 任职期间最差基金回报11.77%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联系 biz ...

Core Viewpoint - The commercial aerospace sector is experiencing a significant rebound, with a notable increase in related indices and stock prices, particularly in the 3D printing segment, which is gaining traction due to its cost-effectiveness and lightweight advantages [3][7]. Industry Overview - The A-share market has established a commercial aerospace 3D printing industry chain ecosystem centered around equipment services, investment layouts, and material support, with key players including Huazhu High-Tech, Youyan Powder Materials, and Feiwo Technology [6][7]. - The commercial aerospace index has seen a cumulative increase of over 60% since the beginning of the year, with the total industry market capitalization surpassing 8.9 trillion yuan [7]. Company Developments - Youyan Powder Materials focuses on the development and production of metal powder materials for additive manufacturing, successfully applying its 3D printing powder materials in commercial satellites and rocket components [7]. - Huazhu High-Tech is a leading player in the industrial-grade 3D printing sector, providing one-stop solutions for materials, processes, and control parameters, with a significant portion of its revenue coming from the aerospace sector [8]. - Silver Bond Co. has entered the aerospace 3D printing market through a financial investment in Fei'er Kang, holding approximately 16% of its shares, although it has not yet realized any dividend income from this investment [9]. - Jin Chengzi is focusing on industrial-grade clients in the 3D printing field, providing core components for 3D printing equipment and has successfully entered the commercial aerospace sector [9]. Market Trends and Challenges - The industry is at a critical development phase, with the potential for 2026 to mark a significant year for recoverable commercial rockets, highlighting the adaptability of 3D printing technology in complex engine structures [13]. - Despite the growth potential, there are concerns regarding the low revenue contribution from commercial aerospace operations, as many processes are still in small-batch trial stages [13]. - Technical challenges remain, including the density of 3D printed products compared to traditional forging processes and the low penetration rate of 3D printing technology in the commercial aerospace sector [13][14].

截至发稿，钟帅累计任职时间5年181天，现任基金资产总规模119.14亿元，任职期间最佳基金回报 211.95%， 任职期间最差基金回报9.59%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 从华曙高科十大流通股东角度 数据显示，华夏基金旗下1只基金位居华曙高科十大流通股东。华夏行业景气混合A（003567）三季度 持有股数189.45万股，持股数量与上期相比不变，占流通股的比例为0.94%。根据测算，今日浮盈赚取 约1005.97万元。 华夏行业景气混合A（003567）成立日期2017年2月4日，最新规模69.58亿。今年以来收益10.19%，同 类排名1515/8847；近一年收益72.59%，同类排名615/8099；成立以 ...

长城久嘉创新成长混合A（004666）成立日期2017年7月5日，最新规模19.74亿。今年以来收益 12.53%，同类排名637/8848；近一年收益110.28%，同类排名98/8093；成立以来收益238.23%。 1月20日，华曙高科跌5.06%，截至发稿，报82.69元/股，成交3.26亿元，换手率1.90%，总市值342.48亿 元。 资料显示，湖南华曙高科技股份有限公司位于湖南省长沙市岳麓区岳麓西大道2710号，成立日期2009年 10月21日，上市日期2023年4月17日，公司主营业务涉及工业级增材制造设备的研发、生产与销售,致力 于为全球客户提供金属(SLM)增材制造设备和高分子(SLS)增材制造设备,并提供3D打印材料、工艺及服 务。主营业务收入构成为：3D打印设备及辅机配件74.47%，售后服务及其他13.57%，3D打印粉末材料 11.02%，其他(补充)0.94%。 从华曙高科十大流通股东角度 数据显示，长城基金旗下1只基金位居华曙高科十大流通股东。长城久嘉创新成长混合A（004666）三 季度新进十大流通股东，持有股数177万股，占流通股的比例为0.88%。根据测算，今日浮亏损失约 ...

Core Insights - The frequency of rocket launches in China has significantly increased, with a diverse range of participants, indicating a maturing commercial space ecosystem [1] - The demand for low Earth orbit satellite networks is rapidly growing, prompting private rocket companies to accelerate their entry into the market, which is expected to provide more launch options and enhance cost efficiency across the industry [1] Group 1: Recent Developments in Private Rocket Companies - Several private rocket companies have made notable advancements, including the successful launch of the Zhuque-3 rocket by Blue Arrow Aerospace, which completed its mission and reached the designated orbit [1] - Beijing Tianbing Technology's Tianlong-3 rocket has successfully completed critical tests, indicating readiness for its first flight, which will enable the launch of multiple satellites in a single mission [1] Group 2: Policy Support and Future Prospects - The successful recovery and reuse of rockets could significantly lower launch costs, enhancing the capacity for large-scale commercial launches in China [2] - The National Space Administration has released a plan outlining 22 key initiatives to promote high-quality development in commercial space, including support for new technologies and the establishment of a national commercial space development fund [2] Group 3: Growth in Orders from Listed Companies - Several listed companies are experiencing an increase in orders related to rocket and satellite manufacturing, indicating a positive trend in the commercial space sector [3] - Companies like Yuyuan Powder Materials and Xi'an Triangle Defense are actively engaging with commercial space firms, reflecting the growing demand for components and services in the industry [3] - The development of commercial space is expected to create new growth opportunities for companies with technological advantages and mature production capacities [3]

Group 1 - The core viewpoint of the article highlights that the company, Youyan Powder Materials, has confirmed its production capacity for 3D printing powder materials is sufficient to meet current orders, particularly in the aerospace sector [2] Group 2 - The company specializes in 3D printing powder materials, which are primarily utilized in the aerospace industry [2] - The company engaged with investors through an interactive platform, indicating a level of transparency and communication with stakeholders [2]

Group 1 - The core viewpoint of the article highlights that the company, Youyan Powder Materials, is experiencing stable supply and growth in its aerospace orders, particularly in 3D printing powder materials [2] - The company's 3D printing aluminum alloy products and copper alloy powders are identified as its competitive advantages [2]

Group 1 - The company has received orders primarily for 3D printing powder materials in the aerospace sector, which are currently being supplied steadily and are experiencing growth [2] - The company's competitive advantages lie in its 3D printed aluminum alloy products and copper alloy powders, which are highlighted as key products [2]

Group 1 - The core viewpoint is that the application of 3D printing powder materials in commercial satellites and rocket components is deepening, with the specific value depending on the demand for the components [1] - The rapid advancement of domestic commercial aviation is expected to further enhance the application of additive manufacturing, leading to an increase in value [1]