CITIC Securities: China Unicom has been granted a license, and the satellite industry is ready to set sail.

CITIC Securities research report pointed out that on September 8th, the Ministry of Industry and Information Technology issued a satellite mobile communication business operation license to China Unicom. The strategic position of the satellite communication industry is highlighted, and the policy direction is clear. At the domestic industry level, high-frequency launches have arrived, and the industry inflection point is imminent. We expect that the subsequent entry of satellite communication business may be pushed forward in batches and stages, and the issuance of licenses may be accelerated. We suggest focusing on potential satellite communication service providers, including the three major telecom operators and top state-owned enterprises and private enterprises, as well as investment opportunities in the satellite manufacturing industry chain, launches, ground equipment, and other areas.