As commercial space enters a period of intensive launches, brain-computer interfaces accelerate into clinical trials, and humanoid robots approach mass production, hardware suppliers capable of simultaneously entering these three trillion-yuan markets are beginning to come into industry focus.

The expansion logic of a leading cable company in recent years is worth noting: holding 523 patents and approved for the "Specialized, Refined, Peculiar, Innovative" champion certification, its core competitiveness lies in how space-grade transmission technology adapts to civilian, medical, robotics, and other fields. This technology transfer path is gradually changing its revenue structure.

**Market Foundation for Space Support**

In the field of commercial space, this company’s position remains relatively stable. As a domestic supplier of space-grade special cables, its market share for rocket support cables is between 70%-80%, covering four major launch sites, with over 300 launches supported cumulatively. Heavy-lift rockets like Long March 5 and Shenzhou series have adopted its products, with technical reliability repeatedly verified in extreme environments.

The value increase logic here is straightforward. The traditional one-time-use rocket cable support value ranges from 1.5 to 3 million yuan, but reusable rockets demand higher reusability of cables, with single-rocket support value jumping to 12-15 million yuan, nearly a fourfold increase. The situation in the satellite sector is similar—self-developed flat flexible deployment cables have passed large satellite application verification, with the support value per satellite reaching up to 4 million yuan.

Order signs show growth. By the end of last year, rocket orders were scheduled into Q2 of this year, with an expected total of 15-18 rockets supported annually, generating approximately 270 million yuan in revenue. The satellite business has secured batch orders like the "GW constellation," with a 40% year-over-year growth. With the aerospace base in Changsha coming into operation in Q2 this year, satellite component capacity will expand from 150 to 500 sets, well supporting the networking needs of low-earth orbit constellations.

**Brain-Computer Interface Technology Adaptation**

The market still views this type of company as a traditional cable manufacturer, but overlooks its potential in the signal transmission segment of brain-computer interfaces. This may be the most critical cognitive gap.

The commercialization threshold for brain-computer interfaces is approaching. Major international brain-computer companies are set to start large-scale mass production by 2026, and domestically, many regions have clarified goals to achieve scaled commercial use before 2030. As a key component in brain-computer systems, transmission cables’ market value has not yet been fully priced.

The core technological breakthroughs involve two aspects. First is signal fidelity: using space-grade extreme environment transmission technology to develop miniature flexible cables, with brainwave signal transmission delay controlled within 0.1 milliseconds, and signal fidelity exceeding 99%, while industry standards are still below 85%. This addresses common noise interference issues in traditional cables. Second is human adaptability: the flexible cable’s bending endurance exceeds 20 million times, capable of accommodating complex scenarios like head movements and limb rehabilitation, while also employing military-grade anti-interference technology to shield electromagnetic interference.

Compared to peer products, these "space-grade medical-adapted cables" have obvious generational advantages. Currently validated in the supply chain of leading domestic brain-computer companies, they are expected to become core suppliers for mainstream device manufacturers. From a market perspective, the global brain-computer interface medical application market is projected to reach $40 billion by 2030, with transmission components accounting for about 15%, corresponding to a market space of approximately 43 billion yuan. If this company captures a share, this business alone could contribute over 10 billion yuan in revenue.

**Practical Applications in Robot Joints**

The flexibility of humanoid robots largely depends on the performance of joint cables. This company has established a technological advantage in this area.

Robotics-specific flexible cables have a bending life exceeding 20 million times, four times the industry standard (5 million), meeting the high-frequency movement requirements of high-end humanoid robots 24/7. In 2024, related revenue has approached 100 million yuan, with a gross margin exceeding 40%.

The potential for industry chain expansion is even greater. The company plans to acquire technical teams in military connectors, integrating "cables + connectors" into an all-in-one solution, which can increase the per-unit value from hundreds to thousands of yuan. Currently, it has entered the validation stage of supply chain for high-end humanoid robots. If mass production and supply are achieved next year, based on an annual plan of millions of units, this business could contribute over 10 billion yuan in revenue.

**Parallel Advancement of Three Tracks**

2026 will be a critical node. The commissioning of aerospace bases, validation of brain-computer interface supply chains, and confirmation of high-end humanoid robot orders will be densely released. This multi-track parallel growth momentum is transforming the industry position of this company. From a simple cable supplier to a key part of the hardware ecosystem, this shift is already reflected in data.