Commercial space concept stocks are hot, with institutions conducting intensive research.

According to the news from the National Space Administration, the Administration has recently established a commercial space agency, and related business is gradually being carried out. This marks the beginning of a specialized regulatory agency for China's commercial space industry, which will continue to promote the high-quality development of commercial space in China, benefiting the entire industry chain. In the secondary market, stocks related to commercial space have been active. As of the close of trading on Friday, Addsino Co., Ltd. had risen for 11 consecutive days, Beijing LeiKe Defense Technology for 5 days, Tongyu Communication Inc. for 2 days, Xiamen Changelight and Hunan Aerospace Huanyu Communication Technology reached the daily limit, and Shanghai Shunho New Materials Technology and Sichuan Golden Summit increased by the limit. Analysts from CITIC Securities, including Yang Fan, stated in a research report on November 23 that the State Administration of Science and Technology Industry for National Defense has posted a notice for the recruitment of civil servants for the 2026 examination, including the recruitment of "space supervision posts for commercial space agencies", indicating that this key functional organization for commercial space agencies has been officially established. On the launch end, medium-sized launch vehicles are about to make their debut, providing support for large-scale constellation networking. Currently, both GW and Qianfan constellations have over a hundred stars in orbit, and applications are coming soon. The establishment of a commercial space agency will effectively integrate various departmental functions. The satellite industry is expected to achieve overall coordination at a higher level, and the efficiency of key processes such as commercial space launch approval and satellite operation licensing is also expected to improve. According to Choice Data, as of the time of writing, the commercial aerospace concept stocks that were researched by institutions in November (11.1-11.29) include Tongyu Communication Inc., GEOVIS INSIGHTER, ASR Microelectronics, Guizhou Aviation Technical Development, Guizhou Taiyong-Changzheng Technology, NanJing GOVA Technology, Sinomach Precision Industry Group, Suntak Technology, Yunnan Lincang Xinyuan Germanium Industry, Shaanxi Sirui Advanced Materials, Guoli Electronics, Rayitek Hi-Tech Film, North Industries Group Red Arrow, Zhejiang Jinggong Integration Technology, Kangda New Materials, Guanglian Aviation Industry, North Chemical Industries, CETC Chips Technology Inc., STChengdu Screen Micro electronics, Zhejiang Asia-Pacific Mechanical & Electronic, DongHua Testing Technology, Shenzhen H&T Intelligent Control, Create Technology & Science, Essence Fastening Systems, Beijing Emerging Eastern Aviation Equipment, Guangdong Taili Technology Group, Gripm Advanced Materials Co., Ltd., Shanghai Suochen Information Technology, TIRAIN, Hwa Create Corporation, Gaona Aero Material, Sunwave Communications. Specific details are as follows: Among the aforementioned commercial aerospace concept stocks researched by institutions, 10 companies, including Tongyu Communication Inc., GEOVIS INSIGHTER, Guizhou Aviation Technical Development, NanJing GOVA Technology, Sinomach Precision Industry Group, Shaanxi Sirui Advanced Materials, Guanglian Aviation Industry, STChengdu Screen Micro electronics, Essence Fastening Systems, Hwa Create Corporation, have provided more specific details on their business related to "commercial space". Tongyu Communication Inc. stated during a research session on November 25 that the company's participation in the space industry fund focuses on investing in areas such as commercial space, satellite communications, and advanced manufacturing. The fund's first phase has invested 20 million yuan in Shanghai Jingji Communication Technology Co., Ltd. Recently, the company has completed a 100 million yuan investment in the space industry fund, with a total actual investment of 120 million yuan. The fund will invest 100 million yuan in Beijing Lingxun Tianxing Technology Co., Ltd. ("Lingxun Tianxing"). Beijing Lingxun Tianxing Technology Co., Ltd. is a commercial aerospace company dedicated to hypersonic technology services, aerospace engine and hypersonic aircraft product development. GEOVIS INSIGHTER held a press conference on November 26 to officially launch the "Starry Eyes" space perception satellite constellation plan. GEOVIS INSIGHTER stated that with the increasing frequency of space activities, there is an urgent need for in-orbit safety and space traffic management. At the same time, the commercial aerospace ecosystem is continuously improving, and the market-oriented operating model is becoming more mature, creating favorable conditions for the construction and operation of a constellation system. In this context, the company has initiated the construction of a space perception satellite constellation, aiming to build a globally covering and rapidly responsive network of space eyes. During a research session on November 18, Guizhou Aviation Technical Development stated that the company has deeply entered into the industrial chain of commercial space, working with top rocket manufacturers such as Jiuzhou Yunjian, Xinghe Dongli, Lanjian Aerospace, Tianbing Technology, Eastern Space, and Zhongke Yuhang, covering main models such as Valley God Star, Zhuque, Lijian, and Tianlong. Supporting products include various forging components such as turbine discs, pumps, casings, flanges, as well as precision machining and small system-level assembly delivery, with material systems covering high-temperature alloys, titanium alloys, aluminum alloys, etc. It is expected that the company's commercial space business revenue will reach tens of millions of RMB by 2025, positioning the company as a core supplier in the industry, with high replacement costs once finalized. In a research announcement issued on November 28, NanJing GOVA Technology stated that the development trend of the aerospace market is positive, with continuously expanding business in the supporting fields of ground test equipment, rocket engines, rocket telemetry systems, launch vehicles, launch boxes, launch sites, and more. In terms of commercial space, the company has made outstanding achievements in market development and has established cooperative relationships with commercial aerospace partners such as Zhongke Yuhang, Lanjian Aerospace, Tianbing Technology, Xinghe Dongli, Eastern Space, Xingri Yunguang, and Ling Yi Space. During a conference call on November 24, Sinomach Precision Industry Group stated that the company currently holds a market share of over 90% in the domestic aerospace bearing field. Specific products include bearings for rocket fuel turbine pumps, bearings for satellite momentum wheels, and bearings for satellite battery sail panels. The development of commercial aerospace will bring new business growth opportunities to the company. During an on-site visit by institutions on November 25, Shaanxi Sirui Advanced Materials stated that with the rapid development of global commercial aerospace, the company's revenue from liquid rocket engine thrust chamber products has increased from 20.97 million yuan in 2022 to 30.16 million yuan in 2024, and continues to grow rapidly in the first half of 2025, covering domestic leading commercial aerospace enterprises such as Lanjian Aerospace and Jiuzhou Yunjian. In 2024, the company initiated the industrialization project for materials, parts, and components of liquid rocket engine thrust chambers, with a planned investment of 230 million yuan in the first phase. It is expected to produce approximately 200 tons of forgings, 200 sets of rocket engine injector panels, and 500 sets of components for rocket engine thrust chambers annually after reaching full production. As of June 30, 2025, the company has invested over 47 million yuan, continuously building its production capacity. During an investor relations activity on November 27, Guanglian Aviation Industry stated that the company has strategically targeted the blue ocean of commercial aerospace, entering the industry's core through a dual approach of "acquisitions + collaborations". On one hand, the company actively connects with commercial aerospace companies, undertaking production tasks for core components such as carrier rocket propellant tanks to capture market-driven incremental market share. Simultaneously, the company utilizes partnerships with aerospace institutes, academies, and universities to build a dual-dimensional business matrix of "rockets + satellites," laying the foundation for the company's business development in the commercial aerospace field. In a research announcement released on November 17, STChengdu Screen Micro electronics stated that the Hainan project is inspected and tested according to the quality standards of commercial aerospace. The parent company's strong technical expertise can meet the testing requirements of commercial aerospace. The subsidiary Hainan Guoxing Feice co-established the Commercial Aerospace Industry Innovation Center in July of this year with thirty companies including Lanjian Aerospace, Tianbing Technology, and others. As the only third-party satellite testing business with early layout in Wenchang Aerospace City, Hainan Guoxing Feice is adjacent to the "Satellite Super Factory" and can directly undertake rigid testing needs in the satellite manufacturing process, providing localized and efficient services. The company is currently constructing internationally first-class and domestically leading aerospace product reliability testing center, raw material physical and chemical analysis center, environmental reliability testing center, electromagnetic compatibility (EMC) testing center, and software reliability evaluation center in Hainan Wenchang Aerospace City, forming a full chain testing capability from components to whole satellites, and able to provide full-process testing services to customers. During a research session on November 6, Essence Fastening Systems stated that the field of commercial aerospace business is vast, with the current main business being the manufacturing of structural components for commercial rocket bodies, including body sections, fairings, fuel tanks, engine valves, etc. The company completed production line construction in 2024, serving multiple leading private rocket companies in China. This year, the company has delivered products to customers in small batches, with the product value of a single rocket company's structural component reaching approximately 10 million yuan. The company completed riveting line construction in the first half of 2024, with an annual capacity of 10 launch vehicles, providing products such as body sections, fairings, engine valves, etc. Production capacity can be increased at any time according to order situations. During a research session on November 17, Hwa Create Corporation stated that commercial aerospace is entering a period of rapid development, with the large-scale construction of constellations creating high demand for satellites. To reduce satellite manufacturing costs and increase satellite lifespan, the company is focusing on the development and production of radiation-resistant devices for satellites in orbit, with the ability to supply in batches to reduce the cost of manufacturing a single satellite. Currently, the company is focusing on the research and development of key products in the low-earth orbit satellite field, moving forward with ongoing research projects. This article was reposted from "Cai Lianshe", written by Pingfang; GMTEight edited by Xu Wenqiang.