Orient Securities Research Report pointed out that Aerospace Electronics' subsidiary Space Rocket plans to increase capital and actively integrate into the new pattern of commercial space development. Space Rocket, a subsidiary of this capital increase, mainly provides various core products such as ground monitoring and control equipment, data links, and laser terminals in the fields of measurement and control systems, space network information systems, etc., and is also a core supplier supporting low-orbit satellite laser communication. It is conducive to increasing aerospace electronics production capacity and better meeting the strong needs of the “15th Five-Year Plan” aerospace industry. It helps the subsidiary to continue to carry out core technology research such as large-scale interplanetary links and elastic networking technology, spatial dynamic cluster networking data link technology, and high-performance chip design, and continue to maintain its leading position in industry technology. As a subsidiary of the Aerospace Science and Technology Group, the company has long supported key missions in the Long March series and Shenzhou series, and is rich in technology accumulation and engineering experience. The commercial aerospace leader+unmanned systems industry chain is long, and the company has entered a stage of rapid development. Referring to comparable companies, 78 times PE in 26 years, corresponding to a target price of 18.72 yuan, maintaining a “buy” rating.

Orient Securities Research Report pointed out that Aerospace Electronics' subsidiary Space Rocket plans to increase capital and actively integrate into the new pattern of commercial space development. Space Rocket, a subsidiary of this capital increase, mainly provides various core products such as ground monitoring and control equipment, data links, and laser terminals in the fields of measurement and control systems, space network information systems, etc., and is also a core supplier supporting low-orbit satellite laser communication. It is conducive to increasing aerospace electronics production capacity and better meeting the strong needs of the “15th Five-Year Plan” aerospace industry. It helps the subsidiary to continue to carry out core technology research such as large-scale interplanetary links and elastic networking technology, spatial dynamic cluster networking data link technology, and high-performance chip design, and continue to maintain its leading position in industry technology. As a subsidiary of the Aerospace Science and Technology Group, the company has long supported key missions in the Long March series and Shenzhou series, and is rich in technology accumulation and engineering experience. The commercial aerospace leader+unmanned systems industry chain is long, and the company has entered a stage of rapid development. Referring to comparable companies, 78 times PE in 26 years, corresponding to a target price of 18.72 yuan, maintaining a “buy” rating.