Satellite launch successful, institutions say commercial space development enters golden period

Yuanxin Satellite announced that at 0:38 on March 12, 2025, the fifth batch of networked satellites of the Qianfan Constellation was successfully launched in a “one rocket, 18 satellites” manner from the Hainan Commercial Space Launch Site. The satellites entered the predetermined orbit smoothly and the launch mission was a complete success.
Open source securities firm Zhuhaibin believes that the development of commercial aerospace has entered a golden period. Specifically, 1) Commercial Aerospace: In recent years, support policies for the commercial aerospace industry have been continuously strengthened. At the same time, the global spacecraft development cycle is showing a trend of shortening; Domestic rocket reuse technology continues to break through, and the cost of rocket launches will continue to decrease in the future, driving the accelerated development of commercial aerospace. 2) Satellite Internet: Space competition is fierce, and countries are competing to build LEO satellite Internet constellations. By 2025, the size of China’s commercial aerospace market is expected to exceed 2.5 trillion yuan. Minsheng Securities believes that with the subsequent large-scale launch of Hainan Commercial Aircraft Corporation, China’s commercial aerospace capacity is expected to significantly increase, and China’s large constellations will enter a period of intensive networking.
Among the listed companies, the project of Shanghai Yuanxin Satellite Technology Co., Ltd. won the bid by the wholly-owned subsidiary of Yangtze River Communications, DAS, mainly for the construction of satellite measurement and operation control center and ground station park. The company mainly provides network control software for ground measurement and operation control centers, measurement and control stations, and gateway station software, as well as equipment integration and testing services for measurement and operation control centers, measurement and control stations, and gateway stations. The phased array antennas and satellite ground stations of the satellite communication industry, as well as the green antennas applied to low altitude economy, are the key layout of Tongyu Communication. The company’s applications in commercial aviation mainly include airborne satellite antennas, aircraft communication products, air traffic control antennas, and unmanned aerial vehicle SAR telemetry products. The wholly-owned subsidiary of Sikerui, Hainan Guoxing Feice, established in Wenchang Aerospace City, Hainan, will provide comprehensive testing services for rocket industry parks, satellite super factories, and related supporting projects.