The aerospace sector showed resilience on August 3, with the Huabao General Aviation ETF (159231), which focuses on commercial space, satellite navigation, low-altitude economy, and large aircraft, closing up 1.87%. It touched the 20-day moving average during the session, with total daily turnover reaching 7.97 million yuan. Nearly all constituent stocks gained, with Nankai Power surging over 8%, Space Aerospace rising more than 7%, Zongshen Power and Tianyin Electromechanical both up over 6%, and Guanglian Aviation and Lianchuang Optoelectronics rising over 5%. Zhongke Xingtu also saw gains exceeding 4%.
Several catalysts are lining up for the commercial space industry. First, Zhongke Yuhang signed a high-orbit launch contract with Interstellar Digital Chain, using the Lijian-2 rocket and Lixun-1 upper stage to launch high-orbit communication satellites. Second, LandSpace plans to re-fly the Zhuque-3 Y2 rocket in August, with a first stage designed for up to 20 reuses. A successful vertical soft landing would mark a shift from successful orbit insertion to recovery and reuse for China's private rocket sector. Third, Galactic Energy updated its IPO guidance report, detailing plans for the first flight of the liquid-reusable Zhipshen-1 rocket in mid-to-late August (without recovery), the Zhipshen-2 large liquid-reusable rocket by year-end, and a Q4 re-flight of the Gushen-2 solid rocket. Fourth, SpaceX is set to release its first quarterly report since listing on August 4 after market close. Market expectations for Starlink revenue and Starship commercialization progress are intensifying.
MinSheng Securities notes that China's space computing power industry has a clear roadmap and strong competitiveness, making the aerospace sector an attractive allocation. Numerous domestic players are active, with fast launch schedules and tangible progress expected this year. Commercial space industry achievements in 2024 include the launch and recovery of the Long March-10 and Long March-10B rockets. The sector has no fundamental negative factors; its recent weakness was driven by capital and external market conditions, not industry fundamentals. After significant adjustments, the sector now offers clear value.
As a key tool for investing in China's aerospace industry chain, the Huabao General Aviation ETF (159231) and its linked funds (Class A: 024766; Class C: 024767) track an index covering 50 aerospace stocks. These include low-altitude economy, commercial space, satellite navigation, large aircraft, drones, and military aircraft. The index has over 90% exposure to low-altitude economy, over 60% to commercial space, and over 45% to satellite navigation. Recent market volatility may be high; short-term gains do not predict future performance, and fund investments may incur losses. Investors should make rational decisions based on their own financial situation and risk tolerance, paying close attention to position and risk management. Data sources: Shanghai and Shenzhen stock exchanges, iFind. Related concepts: 886067.TI Low-altitude Economy, 886078.TI Commercial Space, 885574.TI Satellite Navigation. Weightings are as of June 30, 2026. Fee details: General Aviation ETF has no sales service fee; subscription/redemption agents may charge up to 0.5% commission. On-exchange trading fees are determined by the broker. Huabao General Aviation ETF Linked Fund Class A: subscription fee of 0.6% for 100-200 million yuan, 1% for under 100 million yuan, and 1000 yuan for over 200 million yuan; redemption fee of 1.5% for under 7 days, 0% for over 7 days; no sales service fee. Huabao General Aviation ETF Linked Fund Class C: redemption fee of 1.5% for under 7 days, 0% for over 7 days; sales service fee of 0.25% per year. Institutional reference: MinSheng Securities Space Team, July 26, 2025, "Commercial Space Series Conference Call 26: Starship 13 Flight, China's Space Computing Power Launches, How to View Commercial Space Now." Risk warning: The Huabao General Aviation ETF passively tracks the Guozheng General Aviation Industry Index, which was established on June 29, 2012, and officially released on December 28, 2012. Index constituents are adjusted based on the index's compilation rules. Historical backtested performance is not indicative of future index performance. The constituent stocks mentioned are for illustrative purposes only, and do not constitute investment advice or represent the holdings or trading activities of any fund. The fund's risk rating is R3 (medium risk), suitable for balanced (C3) and above investors. Eligibility advice should be sought from the sales institution. Information in this article (including stocks, comments, forecasts, charts, indicators, and theories) is for reference only. Investors are solely responsible for their investment decisions. Any views, analyses, or forecasts do not constitute investment advice. The author is not liable for any losses arising from the use of this content. Fund investments involve risk. Past performance is not indicative of future results. MACD Golden Cross signal formed; these stocks are showing strong momentum.
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