Core of Commercial Space is "Satellites Launched Must Be Useful and Profitable," Sanan Optoelectronics and Others Hit Daily Limit in Afternoon Trading

NightAirdropper · 2026-03-13T07:42:36+00:00

On March 12, commercial aerospace concept stocks showed signs of recovery, with Sanan Optoelectronics and Zhenjiang Co., Ltd. hitting daily limits, while Shenzhen Xinxing had hit the limit earlier. The Shanghai Commercial Aerospace Conference is underway, focusing on satellite and launch service sectors. The government work report supports the development of emerging industries, and experts believe commercial aerospace should focus on satellite profitability. Analysis points out that satellite demand will drive the expansion of space photovoltaic markets.

NightAirdropper

2026-03-13 07:42:36

Abstract generation in progress

On March 12, the commercial space concept experienced a rebound in the afternoon. As of the latest report, the component stocks San’an Optoelectronics (600703.SH) and Zhenjiang Co., Ltd. (603507.SH) hit the daily limit up. Earlier, Shenzhen New Star (603978.SH) also hit the limit up. Jinhong Gas (688106.SH) rose over 12%, along with Tengjing Technology (688195.SH), Guanggang Gas (688548.SH), Lehman Optoelectronics (300162.SZ), Rongfa Nuclear Power (002366.SZ), Aerospace Electronics (002025.SZ), Guangwei Composite Materials (300699.SZ), and others followed the upward trend.

On the news front, the first Shanghai Commercial Space Conference and Exhibition will be held in Shanghai from March 12 to March 14. The event will showcase commercial launch vehicles and launch services, satellite technology and applications, ground equipment and control, space applications, and supporting services.

Additionally, the government work report this year emphasized “implementing industrial innovation projects, encouraging central and state-owned enterprises to lead the opening of application scenarios, and building emerging pillar industries such as integrated circuits, aerospace, biomedicine, and low-altitude economy,” as well as “accelerating the development of satellite internet.”

Chen Junli, a standing member of the Science and Technology Committee and chief engineer at Shanghai Academy of Space Technology, believes that the core of sustainable and high-quality commercial space development is “the satellites launched are useful and profitable.”

Shenwan Hongyuan Securities stated that the phased progress in reusable rocket technology trials has been achieved, and they remain optimistic about commercial space.

China Post Securities indicated that satellite demand is driving the space photovoltaic market: opening up satellite internet application scenarios, strategic layout, and space computing power will rapidly increase the demand for low Earth orbit satellites. Space photovoltaics are the only energy supply solution for satellites, benefiting from the increase in satellite numbers and power per satellite.

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