Aerospace Hongtu: Signed a satellite and ground system procurement contract with customer A for a total price of 990 million yuan (satellite sales)
2025年10月15日Production is busy! Sales are booming! Satellite navigation assists fishermen in precise and efficient fishing, presenting new characteristics in seafood consumption (satellite sales)
2025年10月15日From July 27 to August 4, China Satellite Network completed three launches in nine days in Taiyuan and Hainan, successfully deploying 05/06/07 sets of LEO satellites, setting a new record for China’s satellite Internet networking, and Hainan launch site achieved the first consecutive launch of two stations.
From a policy perspective, commercial aerospace has been included in the Government Work Report for two consecutive years, and will be listed as an “emerging industry” for the first time in 2025. The focus will shift towards large-scale applications, and the plan to build a network of 80000 satellites in the three major constellations of Qianfan, State Grid, and Honghu will enter an explosive period.
From the market situation, the scale will reach 2.3 trillion yuan in 2024 (year-on-year+22.9%), with commercial launches accounting for 17.65% (12 times), 201 satellites in orbit (78% of the total), and the formation of a full industry chain ecology led by the national team and supported by private enterprises -95% localization of rocket development, self-developed phased array chips for satellite manufacturing, and mass production of ground equipment Ka band terminals.
During the 15th Five Year Plan period, the strategic transition from low orbit networking to deep space exploration will be completed. By 2030, at least 20 commercial lunar supply missions (with a market size of over 20 billion yuan) need to be carried out, with the goal of reducing the cost of lunar transportation by 80% to $100000/kg, opening a golden decade for China’s space economy.