CITIC Securities: Domestic commercial spaceflight is about to enter a dense window of recyclable verification.

The research report of Citic Construction Investment pointed out that starting from late April, China's commercial aerospace industry will enter a concentrated verification window for reusable rockets. The core catalyst comes from the maiden flight of Long March 10-B expected to take place in Wenchang on April 28, simultaneously verifying the sea-based grid system recovery. Additionally, the Zhuque-3A remote two is expected to make another attempt at first-stage recovery in the second quarter, which may accelerate the commercialization process by reducing unit launch costs. Furthermore, commercial aerospace policies in various regions continue to be strengthened, further promoting the development of the industry.