China successfully launched the Qianfan Polar Orbit 02 satellite group, and the construction of the satellite Internet constellation is progressing in an orderly manner.

The satellite Internet policy side continues to increase, helping the industry to accelerate implementation. The Songjiang District People's Government of Shanghai issued the “Songjiang District Commercial Aerospace and Space Information Industry Satellite Internet Segmentation Track High Quality Development Action Plan (2025-2027)”, which proposes that by 2027, the Songjiang District commercial satellite batch intelligent manufacturing capacity will reach 300 units/year, the number of satellites operating in orbit will reach about 600, and the size of the satellite Internet industry will reach about 10 billion yuan.

Recently, Honor X60 Pro went on sale. According to reports, this phone supports two-way Beidou satellite communication, so far the price of mobile phones that support satellite communication has dropped to less than 3,000 yuan. Prior to that, satellite communication features had become a new selling point for high-end phones.

Ministry of Industry and Information Technology spokesman Tao Qing said that in the next step, our department will continue to promote R&D, innovation and industrialization in key technology fields such as integrated circuits, industrial software, artificial intelligence, and satellite internet, and cultivate and develop emerging industries and future industries.

According to the Guotai Junan Research Report, according to estimates from the American Satellite Industry Association, the scale of China's satellite internet industry is about 29.25 billion yuan in 2021, and is expected to rise to 44.692 billion yuan in 2025. The compound growth rate from 2021 to 2025 is 11.2%, which is impressive. As the construction of China's star network and G60 constellations continues to advance, market space is opening up at an accelerated pace. Judging from the current scale, China's satellite internet industry is still in the early stages of development. Industrial construction mainly focuses on satellite manufacturing and rocket launches, and the related industrial chain is expected to continue to benefit.

Satellite internet-related companies:

Nanjing Panda Electronics Co., Ltd. (00553): The company actively lays out core businesses such as satellites. The company's next-generation satellite communication terminal projects include software and hardware products, which support satellite communication between terminals, and are used in mobile phones, vehicles, ships, airborne, etc.; the subsidiary Panda Communications develops and produces timing products, which are manufactured by purchasing Beidou modules for assembly; and the subsidiary Jinghua Electronics develops and produces automotive satellite navigation products, mainly using the ODM model for export.

Fudan, Shanghai (01385): As an FPGA supplier, Fudan Microelectronics occupies a central position in the satellite industry chain. FPGAs (Field Programmable Gate Arrays) are one of Fudan Microelectronics's fastest-growing businesses. These chips play a central role in communication satellites because of their software programmability and flexibility. In the satellite manufacturing market, phased array T/R chips are one of the most valuable components in communication satellites. As an FPGA supplier, Fudan Microelectronics occupies a central position in the satellite industry chain.