China Spacesat Logs Q3 Profit of 45 Million Yuan; Shares Jump 5%

China Spacesat Logs Q3 Profit of 45 Million Yuan; Shares Jump 5%

CITIC Securities: China enters the accelerated networking period of satellite internet, focusing on new opportunities in the satellite manufacturing sector

CITIC Securities released a research report stating that China, relying on plans such as the GW constellation and Qianfan constellation, has planned to launch over 25,000 satellites, entering an accelerated networking phase for satellite internet. The United States started early in satellite manufacturing with lower costs, but China is expected to reduce satellite platform costs through scaled production in the future. The demand for low Earth orbit communication satellites will bring new opportunities to the satellite manufacturing sector. China and the United States have become major competitors in the satellite internet field

The commercial aerospace sector fluctuated and rose, with ASIET increasing by over 15%, reaching a historic high

The commercial aerospace sector fluctuated and rose, with ASIET increasing by over 15% to reach a historical high, SUPLET rising by over 10%, and GUIDE INFRARED, China Spacesat, and TORCH ELECTRON following suit

The A-share satellite navigation sector surged at the beginning of the trading session, with ELECSPN and StarNeto both hitting the daily limit, Joyware rising over 10%, and YCIG, China Spacesat, West Test, M&S ELECTRONICS, and Shengbang Security following suit

The satellite internet concept has strengthened again, and China Spacesat has hit the daily limit

In the afternoon, the satellite internet concept strengthened again, with China Spacesat surging to the daily limit, China Unicom once rising over 5%, Shanghai HuGong returning to the daily limit, and Chuangyuan Xinke, Chaojie Co., Ltd., Piesat, Sanwei Communication, and Shanghai Hanxun also following suit. On the news front, recently, the Ministry of Industry and Information Technology issued a satellite mobile communication business operating license to China Unicom Group