At 18:00 Beijing time on December 16, China successfully launched the Long March 5B (CZ-5B) launch rocket/Expedition 2 upper stage at the Wenchang Space Launch Site to successfully launch the Satellite Internet Low Orbit 01 satellite group. The satellite successfully entered the scheduled orbit, and the launch mission was a complete success.

China Star Network Group successfully launched NetStar for the first time: the satellite Internet Low Orbit Group 01 satellite launch mission was a complete success.

The Zhitong Finance App learned that the 10 satellites of Starnet Group 01 were developed by the Fifth Academy of the Aerospace Science and Technology Group. The first launch is of great strategic significance, which means that China's XW engineering generation is expected to enter the normalized launch stage in '25. In addition, second-generation construction is progressing at an accelerated pace, and the launch of the 4 test stars is also expected to be launched this week. It is expected to enter the networking stage in the second half of '25.

According to the Minsheng Securities Research Report, at present, the Qianfan constellation has completed three launches, and the number of satellites in orbit has reached 54; the GW constellation has also completed the launch of 01 satellite group. The satellite industry ecosystem is being formed at an accelerated pace, and the space industry landscape is slowly unfolding. On the satellite manufacturing side, technological innovation will create conditions for large-scale production; on the satellite launch side, the use of commercial space launch sites and the development of reusable rocket technology will significantly reduce launch costs and increase capacity, and the development path of the satellite Internet industry will continue to be clear. In addition, breakthroughs in mobile phone direct satellite technology have also created more broad and enduring demand for the satellite Internet industry.

CITIC Securities released a research report saying that by developing the space industry and building a space power, China's space industry has entered the “fast track” of development. As China Starnet and the G60 Thousand Sails Constellation have successively entered the batch launch stage, and the Hainan commercial space launch site and the Long March 12 commercial launch vehicle are being put into use, the trend of high capacity and low cost is leading the beginning of a new era of commercial space. A new racetrack with a trillion-dollar market is about to set sail, bringing huge opportunities for development to related industrial chains.

Hong Kong stocks related to satellite internet:

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.