CITIC Securities: Yuexin Satellite Announces Rocket Launch Tender Announcement, Private Liquid Rocket Commercial Operation Expected to Achieve Breakthrough from "Zero to One"

The CITIC Securities research report stated that YuXinSat has issued a tender announcement for the procurement of launch services for 2025, and domestic private rocket companies have the opportunity to win the bid. Commercial operation of private liquid rockets is expected to achieve a breakthrough from "zero to one". In the second half of the year, private large liquid rockets will have intensive debut flights, and are expected to gradually become an important force in building China's low-orbit satellite internet. Several listed companies are actively participating in the private rocket industry chain, suggesting attention to companies related to rocket structural components, liquid rocket engine structural components, and sensor technology. At the same time, it is also important to focus on companies related to rocket 3D printing services and 3D printing equipment.