In recent months, a series of major moves in the commercial aerospace sector have activated the entire industry chain.

From a policy perspective, in November, the Ministry of Industry and Information Technology launched a commercial trial for satellite Internet of Things services, and the China National Space Administration also issued the "Action Plan for Promoting High-Quality and Safe Development of Commercial Space." By the end of November, a dedicated Commercial Space Department was also established. Behind these measures is the country's high regard for this field.

Responses from enterprises have been more direct. On December 31, LandSpace Aerospace received acceptance for its IPO application on the STAR Market. In early January, Zhejiang Qiantang's offshore reusable rocket recovery base officially broke ground. Guangzhou is also promoting the landing of the Nansha CAS Space liquid rocket final assembly and testing base and the Huangpu Xinghe Power Rocket final assembly base. These are concrete signals of industry expansion.

Related listed companies in the industry chain are also active. Companies like Aerospace Electronics, Qianzhao Optoelectronics, China Satellite Communications, and Oriental Communications have all performed well in this wave. Additionally, companies such as China National Machinery Industry Corporation Jinggong, Dahua Intelligent, and Guangbai Shares are involved in the commercial space ecosystem to varying degrees.

The AI application sector also saw new developments on January 9, with the progress of the Hong Kong-listed large model MiniMax becoming a new focus. The integration of these two sectors may be where the real opportunity lies.