Huaxi Securities: Commercial aerospace accelerating landing, recommended low-orbit satellite related components and chip suppliers.

Huaxi Securities research report stated that at the current stage, the mass launch of low-orbit satellites in China has entered a substantial stage, highly overlapping with commercial aerospace. In terms of relevant policies and industrial drive, satellite networks are considered as the foundation for constructing 6G networks, with a strong certainty in construction at the current stage. With the initiation of the first launch project for reusable rockets at the pre-research stage, subsequent plans for the orderly progress of multiple commercial reusable rocket launches are underway. Commercial aerospace is entering an accelerated phase of implementation, with rapid development in satellite internet, normalization of satellite constellation launches, increased communication capacity, reduced latency, and the potential for rapid implementation of applications such as direct connection of mobile broadband to satellites and intelligent driving systems connected to low-orbit satellite networks. It is recommended to focus on suppliers of components and chips related to low-orbit satellites.