On July 10th, China successfully executed a controlled recovery of a launch vehicle for the first time, marking a significant breakthrough in reusable rocket technology.
That same day, more than 20 stocks in the commercial aerospace sector surged by their daily limit.
Among these concept stocks, 17 companies have already released their first-half performance forecasts, with nearly 90% expecting positive results; the highest projected year-on-year increase in net profit attributable to shareholders is 2001.80%.
Successful "Net Capture" Marks Breakthrough in Rocket Recovery
On July 10th, the Long March 10B launch vehicle lifted off from the Hainan Commercial Space Launch Site, successfully deploying a satellite into its intended orbit.
After stage separation, the first stage returned vertically and was recovered on a sea-based platform using a net capture system, achieving a complete success for both the launch and the first-stage recovery mission.
This represents China's first successful controlled recovery of a launch vehicle and the world's first implementation of a "net capture" recovery for a launch vehicle, signifying a major technological breakthrough in the field of reusable rockets.
Reusable rockets are critically important in spaceflight as a key means to reduce launch costs.
The first stage contains high-value components like engines, accounting for approximately 60% of the rocket's total cost.
Successful recovery can lower launch expenses, enhance the efficiency of spaceflight, and accelerate commercial development.
The "net capture" method is an innovative, China-originated rocket recovery model featuring vehicle-ground coordination, allowing the rocket to be caught directly in a large net rather than landing on legs.
It employs a flexible "#"-shaped grid made of special fibers and steel cables.
This system does not require the rocket to land precisely on an absolute spot; as long as it descends into the net, the kinetic energy is effectively absorbed through the stretching deformation of the cables and the pulleys and hydraulic dampers at the base, enabling a "gentle" landing.
Compared to the internationally dominant vertical takeoff and landing recovery method, this coordinated "dance" between rocket and vessel helps improve the success rate of capture and buffering during recovery.
China's net capture recovery system is deployed on the sea-based recovery vessel "Pioneer."
This vessel, modified by China State Shipbuilding Corporation (CSSC) subsidiary Guangzhou Shipyard International in collaboration with the Institute of Deep-sea Science and Engineering, Chinese Academy of Sciences, features a dynamic positioning system that stabilizes itself against waves.
Under wave heights of 3-4 meters, the vessel's positioning error can be controlled within 0.5 meters.
Lou Luliang, chief designer of the Long March 10B rocket, stated that this rocket type is designed for 10 reuses.
After recovery, the rocket body will undergo comprehensive inspection and systematic testing.
Following functional checks and review by relevant experts and industry professionals, it could be re-flown within approximately six months or a few months.
A Galaxy Securities research report noted that China has become the second country globally to master large-payload reusable rocket technology, with the sea-based net capture recovery being a world-first technical approach.
The Long March 10B's first stage eliminates heavy landing legs, using flexible capture instead of a hard landing.
This solution can reduce the first stage's weight by hundreds of tons, correspondingly increasing orbital payload capacity by hundreds of kilograms and accelerating the iterative upgrade of reusable rocket technology.
Unit launch costs for rockets are expected to gradually decrease, directly serving the cost reduction and efficiency improvement for national low-earth orbit satellite constellations like "Qianfan Constellation."
Over 20 Concept Stocks Hit Limit Up, One Company Forecasts Up to 2001.80% Profit Growth
According to Choice financial terminal data, on July 10th, the day of the successful "net capture" recovery, more than 20 A-share commercial aerospace concept stocks hit their daily price limit.
Among them, Beijing Highlander Digital Technology Co.,Ltd. (SZSE: 300065) surged by the 20% limit.
Hunan Aerospace Huanyu Communication Technology Co.,Ltd. (SSE: 688523), Jiayuan Science And Technology Co.,Ltd. (SZSE: 301117), Jinlihua Electric Co.,Ltd. (SZSE: 300069), and Beijing Tongyizhong New Material Technology Corporation (SSE: 688722) also rose by the 20% limit.
Citic Heavy Industries Co.,Ltd. (SSE: 601608), China Aerospace Times Electronics Co.,Ltd. (SSE: 600879), China Satellite Communications Co.,Ltd. (SSE: 601698), China Spacesat Co.,Ltd. (SSE: 600118), Sunwave Communications Co.,Ltd. (SZSE: 002115), and Wuhan Guide Infrared Co.,Ltd. (SZSE: 002414) increased by the 10% limit.
On July 13th, Jiangxi Jovo Energy Co.,Ltd. (SSE: 605090) and Citic Heavy Industries Co.,Ltd. saw consecutive limit-up sessions.
Regarding performance, among the commercial aerospace concept stocks, 17 listed companies have disclosed their performance forecasts for the first half of 2026.
Among these, 10 companies forecast an increase in net profit attributable to shareholders, two expect to turn a profit from losses, and three anticipate reduced losses, totaling 88%.
Excluding the companies turning profitable, Sunwave Communications Co.,Ltd., Sinomine Resource Group Co.,Ltd. (SZSE: 002738), and Wuhan Guide Infrared Co.,Ltd. currently rank top three in projected first-half net profit growth.
Sunwave Communications Co.,Ltd. expects its first-half 2026 net profit attributable to shareholders to be between 40 million and 55 million yuan, representing year-on-year growth of 1428.58% to 2001.80%.
The company's main businesses include communications and internet marketing.
Its communications business primarily provides mobile communication network equipment and integrated system solutions for operators and industry clients, covering areas like wireless coverage, network, and security, as well as communication operation services including satellite and 5G infrastructure.
In 2025, the company's satellite communication business developed steadily, balancing scale growth and quality improvement, achieving annual revenue of 192 million yuan, an increase of 11.32%.
Sinomine Resource Group Co.,Ltd. expects its first-half 2026 net profit attributable to shareholders to be between 1.05 billion and 1.25 billion yuan, representing year-on-year growth of 1078.07% to 1302.46%.
The company stated in its annual report that the acceleration of domestic low-earth orbit satellite network deployment has significantly increased the scale of new satellites.
Cesium atomic clocks, the "time heart" of satellite navigation and positioning systems, are crucial components for satellite networks, and market demand continues to expand.
Application scenarios for cesium and rubidium-related functional materials are also broadening in frontier fields like deep-space exploration, deep-sea high-end equipment, and quantum communication.
In 2025, the company's rare light metals (cesium, rubidium) resource development and utilization business achieved operating revenue of 1.125 billion yuan with a gross margin of 74.07%.
Wuhan Guide Infrared Co.,Ltd. expects its first-half 2026 net profit attributable to shareholders to be between 1.27 billion and 1.45 billion yuan, representing year-on-year growth of 601.93% to 701.41%.
The company focuses on four main business segments: infrared focal plane detector chips, infrared thermal imaging systems, and integrated photoelectric systems centered on infrared thermal imaging.
In January this year, the company stated on an interactive platform in response to investor inquiries that its infrared detector cores can be applied in commercial aerospace and satellite-borne fields.
Regarding reasons for the first-half profit forecast increase, the company cited continuous delivery of model project products, including a complete equipment system product under contract with a specific client, alongside sustained growth in civilian infrared chip application business, leading to a significant year-on-year increase in revenue and profit.
As of July 10, 2026, among commercial aerospace concept stocks with market capitalizations exceeding 100 billion yuan, China Spacesat Co.,Ltd. has also disclosed a performance forecast.
The company expects to achieve a first-half net profit attributable to shareholders between 30.5 million and 36.5 million yuan, turning a profit compared to a loss in the same period last year.
China Spacesat Co.,Ltd. stated that in the first half of 2026, the company fully advanced the research, production, and management of key satellite models.
The progress of contract fulfillment nodes for satellite development projects reaching acceptance conditions increased compared to the same period last year, leading to corresponding increases in revenue and profit, while the company's satellite application business maintained stable development.
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