Huaxi Securities: Continuing to recommend satellite Internet and firmly optimistic about the high growth and large space of the industry in the medium to long term

The Zhitong Finance App learned that Huaxi Securities released a research report saying that at present, in the face of global geopolitical conflicts, the Sino-US technology game, overseas questions about AI investment, and the Federal Reserve's interest rate meeting is approaching, the market is expected to remain volatile, and the sector suggests a relatively cautious and neutral configuration. In the long run, 6G industry trends, domestic substitution, autonomy and control, and military developments, including the TMT industry, have a phased impact, thereby catalyzing market opportunities including computing power leasing, satellite communications, military communications, and 6G. In the medium to long term, the bank remains firmly optimistic about the high growth and large space of related industries.

The bank believes that the country's acceleration of commercial space construction is expected to help accelerate the spread of applications including mobile phones directly connected to satellites and Beidou SMS. Satellite IoT commercial testing will accelerate industry collaboration, including operators, satellite, module and chip manufacturers, to build wide-area connectivity capabilities in marine, emergency, energy, transportation, agriculture and other industries. As the foundation for 6G network construction, the satellite network currently complies with 6G standards and construction time. Since August, relevant departments have indicated that they will issue satellite Internet licenses. China's satellite Internet commercial operation has taken a critical first step. The issuance of licenses is expected to accelerate the expansion of the entire industry chain to scale. With the launch of the first launch project in the pre-research phase of recyclable rockets, commercial space has entered the accelerated landing stage. Satellite internet is developing rapidly, and constellation launches have been normalized, increasing communication capacity and reducing latency. At the same time, it is expected that applications related to mobile broadband direct connection satellites and low-orbit satellite intelligent driving systems will be implemented rapidly.