Commercial space concept stocks surge in early trading; satellite ETF Fidelity (563230) rises more than 3% during the session.

The three major indices of the A-shares market showed divergence in early trading, with the commercial aerospace and satellite sectors performing notably well. Aerospace HuanYu rose over 8%, while Hailanxin, Xinwei Communications, and Aerospace Electronics each gained more than 5%.

Affected by the market, the satellite ETF, Fuguo (563230), surged more than 3% during trading.

On the news front, at 19:00 on March 30th, the LiJian No. 2 Yao Yi launch vehicle was successfully launched from the Dongfeng Commercial Aerospace Innovation Test Zone, carrying the new Journey 01 satellite, new Journey 02 satellite, and TianShi satellite 01, totaling three satellites into their planned orbits. The flight test mission achieved complete success.

Industry experts stated that currently, the global satellite networking demand continues to grow, but issues such as insufficient launch vehicle capacity, long launch cycles, and high costs have become industry bottlenecks. Reusable rocket technology is one of the key pathways to reduce launch costs, but it requires overcoming a series of technical challenges.

Notably, recently, domestic rockets have entered a dense launch period, with LiJian No. 2, TianLong No. 3, ZhiHang No. 1, XingYun No. 1, ZhuQue No. 3, and Long March 10B waiting in line for launches. Some analysts believe that if the first flight of domestically reusable rockets can be successfully validated, the path to launch reuse and cost reduction could be realized, accelerating the development of China’s satellite internet industry.

Some brokerages stated that the global aerospace industry is experiencing a structural transformation similar to the Age of Discovery, driven by the rise of commercial aerospace companies like SpaceX. China’s commercial aerospace is transitioning from a policy incubation phase to an industrial explosion phase. 2026 will be the alpha year for China’s commercial aerospace industry, with the industry logic shifting from simple thematic mapping to fundamental investment based on supply chain performance.

Data shows that the satellite ETF, Fuguo (563230), tracks the CSI Satellite Industry Index, which selects no more than 50 listed companies involved in satellite manufacturing and launch, ground equipment manufacturing, satellite navigation, satellite communication, and other technological research and application segments, reflecting the overall performance of satellite industry listed companies.

MACD golden cross signals have formed, and these stocks are showing good upward momentum!

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Editor: Guo Xutong