On December 4, the defense and aerospace sector rebounded, with the commercial space concept leading gains once again. China Spacesat Co., Ltd. surged by the daily limit in the afternoon session, while China Aerospace Times Electronics Co., Ltd. rose over 8% to hit a 10-year high. Aerospace Development gained more than 7%, reaching a four-year peak. The popular Defense and Aerospace ETF (512810), which holds several leading commercial space stocks, climbed as much as 1.35% intraday.
On the news front, the Satellite Internet Industry Ecosystem Conference opened today, with seven Shanghai-based satellite internet innovation entities receiving official recognition. The conference included the signing of a global strategic cooperation agreement for the "Thousand Sails Constellation."
At noon on December 3, the Zhuque-3 Yao-1 carrier rocket was launched from the Dongfeng Commercial Space Innovation Test Zone. The mission proceeded as planned, with the second stage entering the intended orbit, though the first-stage recovery failed. This marked China's first integrated application of a nine-engine parallel liquid oxygen-methane propulsion system in an orbital launch.
Dongwu Securities noted in a research report that China's era of reusable rockets has begun, with intensive breakthroughs expected. Starting late 2025, new commercial rockets like Zhuque-3, Tianlong-3, Yinli-2, Hyperbola-3, and Zhishenxing-1 are scheduled for maiden launches. Successful recovery of these reusable rockets could accelerate the deployment of China's low-Earth orbit satellite constellations.
Investors seeking exposure to commercial space opportunities may consider the Defense and Aerospace ETF (512810). This ETF, with the symbolic code "八一" (August 1), covers multiple high-growth themes including commercial space, low-altitude economy, controlled nuclear fusion, large aircraft, deep-sea technology, and military AI. It is also eligible for margin trading and Stock Connect programs, serving as an efficient tool for investing in core defense and aerospace assets.
Data source: Shanghai and Shenzhen stock exchanges.
Risk disclosure: The Defense and Aerospace ETF passively tracks the CSI Defense and Aerospace Index (base date: December 31, 2004; launch date: December 26, 2013). Mentioned stocks are for illustrative purposes only and do not constitute recommendations or reflect fund management views. All information provided is for reference only, and investors bear full responsibility for their investment decisions. No content herein constitutes investment advice, and the company assumes no liability for direct or indirect losses. Investors should review fund legal documents to understand risk-return characteristics and select products matching their risk tolerance. Past performance does not guarantee future results, and other funds' performance does not indicate this fund's prospects. The fund is rated R3 (moderate risk) and suitable for balanced (C3) or higher-risk investors. Sales institutions provide independent risk assessments, which may differ from the manager's evaluation. The CSRC's registration does not imply endorsement of the fund's value or prospects. Invest with caution.
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