Super Jet Corporation: The trend of reusable rocket technology will not weaken the value of the company's products.

Chaojie Corporation stated during an institutional research visit on December 23 that the core goal of the reusable technology for the first stage of rockets is to improve launch frequency and cost-effectiveness, with its main value being the reuse of high-value components such as engines. Even if the structure or storage tank of the first stage is not recovered in the future, related structural components usually still need to be returned to the factory for inspection, repair, or partial replacement, which will bring the company continuous after-sales demand. More importantly, the maturity of reusable technology will significantly increase the launch frequency and operational efficiency of rockets, thereby driving the growth of the demand for the entire rocket manufacturing. As the density of launch missions increases, the demand for new structural components for rockets will continue to show a strong trend, and the company is expected to obtain more order opportunities in the incremental market. Therefore, overall, the trend towards reusability will not only weaken the value of the company's products, but may actually create new business growth opportunities for the company through the "high-frequency launch + maintenance and updates" dual drive.