Hong Kong stock concept tracking | The maiden flight of Long March 12B carrier rocket was successful, marking a key window period for the commercial aerospace industry to enter into scale development (with related concept stocks)

According to the official account of China Aerospace Hi-Tech Holding Group, at 16:40 on June 1st, the Long March 12 B carrier rocket ignited and launched from the Dongfeng Commercial Aerospace Innovation Test Area. Subsequently, it successfully delivered the tenth batch of Qianfan Constellation networking satellites into the planned orbit. This maiden flight mission achieved complete success, marking the official entry of China's largest single-core rocket into service. This mission did not conduct recovery experiments, and follow-up sub-stage recovery tests will be carried out at a later time. The Long March 12 B carrier rocket is the first type of rocket developed by the China Aerospace Hi-Tech Holding Group Commercial Rocket Co., Ltd. (referred to as "Chinese Commercial Rocket"). It is a new generation single-core, four-meter class, reusable carrier rocket built for commercial launch demands such as large-scale internet constellation networking in China. This rocket adopts a single-core two-stage configuration, with a diameter of 4.37 meters for the rocket body, 5.2 meters for the fairing diameter, and a total length of about 72 meters. The first stage uses 9 YF-102R liquid oxygen kerosene engines, and the second stage uses 1 YF-102RV high-altitude liquid oxygen kerosene engine. It has a payload capacity of about 20 tons to low Earth orbit and is capable of conducting missions in multiple orbits. The person in charge of the Chinese Commercial Rocket stated that the successful entry of the Long March 12 B carrier rocket into service provides new carrier support for subsequent high-density launches and large-scale constellation networking. The company is steadily advancing the research and development of reusable technology to enhance the efficiency and flexibility of launch services. Domestic commercial space has entered a critical phase of large-scale development. Public information from the International Telecommunication Union (ITU) shows that China has already applied for frequency and orbit resources for over 200,000 low Earth orbit satellites, creating a rigid demand for large-scale constellation networking that requires low cost, high capacity, and frequent launch services. According to data from CCID Consulting, the market size of China's commercial space industry is expected to reach 2.83 trillion yuan in 2025, and is projected to exceed 3.5 trillion yuan in 2026. It is understood that many domestic companies are involved in the development of the carrier rocket and satellite industry chain, including Shanghai Fudan Microelectronics Group, Zhenlei Technology, Guangzhou Haige Communications Group Incorporated, and Addsino Co., Ltd. These companies focus on aerospace-grade chips, power management, analog-to-digital conversion components, satellite communication terminals, inter-satellite link equipment, inertial navigation, and antenna systems, providing infrastructure support for satellite on-orbit operation and data transmission. In terms of downstream application services, companies like Changguang Satellite, Galaxy Aerospace, Tianyi Research Institute, and Geely Aerospace are focusing on low Earth orbit constellation networking, remote sensing data interpretation, and Internet of Things satellite services. On the domestic front, leading companies in the commercial space reusable rocket track are actively pursuing IPOs, including Blue Arrow Aerospace, China Aerospace Science and Technology Corporation, Tianbing Technology, Star River Power, and Interstellar Glory. Internationally, on May 20th, SpaceX formally submitted its prospectus to the U.S. Securities and Exchange Commission (SEC). According to plans, SpaceX is expected to set its offering price on June 11th and begin trading the following day. Market estimates suggest that SpaceX's valuation could reach $1.75 trillion to $2 trillion, with a financing scale of around $75 billion. If successful, this IPO would become the largest in the world. Huaxi believes that the complete chain of the rocket and satellite industry in China, the clear path for commercial space collaboration, and the maturation of reusable rocket technology and optimization of rocket launch costs will lead to rapid growth in the industry under the exploration of satellite constellation demands and terminal consumption paths. Companies throughout the industry chain are expected to benefit as a whole. Related concept stocks: Goldwind Science & Technology (02208): Blue Arrow Aerospace's science and technology innovation board IPO application has been accepted. According to Goldwind Science & Technology's 2023 annual report, the company holds 8.3% equity in Blue Arrow Aerospace Space Technology Co., Ltd. Public information shows that Blue Arrow Aerospace was established in 2015 and is one of the first private commercial rocket companies in China. In 2023, its Zhuque II Y2 rocket successfully entered orbit, becoming the first liquid methane rocket to do so globally. SHANGHAI FUDAN (01385): FPGA chips have always been standard equipment for space satellites. The company is a leading supplier of FPGA products in China, with products including FPGA, PSoC, and FPAI series, ranging from 50K to 4000K logic resources, widely used in 5G communication, artificial intelligence, data centers, industrial control, and other fields. CIMC ENRIC (03899): CIMC ENRIC's commercial space business focuses on core equipment for low-temperature and high-pressure storage and transportation, relying on its accumulation of low-temperature and high-pressure technology in the energy equipment field to provide propellant storage and gas supply systems for rocket launches domestically and internationally. APT SATELLITE (01045): Public information shows that APT SATELLITE is a subsidiary controlled by China Satellite Communications Group Co., Ltd. APT SATELLITE Group currently operates the Asia-Pacific 5C, 6C, 7, and 9 satellites, and operates the Asia-Pacific 6D and 6E satellites through joint ventures. China Post Securities stated that with the acceleration of commercialization of aerospace technology, related companies are expected to make breakthroughs in satellite internet, remote sensing applications, and other scenarios, the industry ecosystem is becoming increasingly perfect, and the market size is expected to continue to expand. Hainan Drinda New Energy Technology (02865): The company is actively involved in satellite+space photovoltaics, creating new growth points: to invest in Xingyi Xineng, cooperate in calcium titanium ore and CPI film. Through its subsidiary Jetai Aerospace, it is accelerating the research and development of CPI films and calcium titanium crystal silicon laminated products and the construction of pilot lines, promoting technical exchanges and sample testing for domestic and international customers; cash acquisition of 60% equity in Shanghai Fuyaoxinghe Aerospace Hi-Tech Holding Group, indirectly controlling Shanghai Xuntian Qianhe, with ample orders covering various types of satellites for remote sensing, communication, computing power, and providing on-orbit validation resources for space photovoltaics.