Aerospace Nanhu Electronic Information Technology Co. Ltd. A

ST Weiling received a partial tender offer from Tibet Shannan Antimony-Gold Resources, and its shares hit the daily limit-up this morning. Shannan Antimony-Gold plans to acquire 78.1775 million shares at 18 yuan per share, with total funds expected not to exceed 1.407 billion yuan. Upon completion, it will hold up to 30 percent of the company and gain control, and it intends to continue increasing its stake within the next 12 months. Meanwhile, the Zhuque-3 Y2 carrier rocket lifted off at 7:35 a.m. today from the Dongfeng Commercial Aerospace Innovation Test Zone. Its first stage successfully landed at the Zhuque-3 landing pad in Minqin County, Gansu Province, while the second stage delivered the Honghu-03 satellite into its planned orbit. This marks China's first recovery of a carrier rocket first stage using landing legs and the first land recovery of an orbital-class carrier rocket first stage. Huatai Securities said 2026 will be the inaugural year for China's reusable rockets, and the cost reductions and higher launch frequency brought by reusable rockets will benefit the entire space industry. In addition, among A-share commercial aerospace concept stocks, 17 companies are covered by at least two rating agencies, with consensus forecasts for net profit growth exceeding 30 percent in both this year and next year, and their latest prices have pulled back more than 30 percent from this year's highs. Among them, Feilihua, Aerospace Nanhu, and Shanghai Hanxun have consensus forecasts for net profit growth exceeding 50 percent in both this year and next year.

Commercial aerospace stocks surged in afternoon trading, with Landun Photoelectron hitting the 20 percent daily limit up, and Tianhe Defense and Aerospace Nanhu rising over 5 percent. The market is focused on the upcoming launch of LandSpace's Zhuque-3 Yao-2 reusable rocket. A research report from Huatai Securities believes that after nine months of preparation, the probability of a successful recovery in the second flight test of Zhuque-3 is relatively high. Zhongtai Securities pointed out that if Zhuque-3 achieves stable recovery and reuse, it will drive the transformation of China's commercial rocket launches toward high-frequency operations. Several A-share companies, including Sirui Advanced Materials, Shenjian Corporation, and Hongda Electronics, have confirmed business cooperation with LandSpace. Sirui Advanced Materials and Goldwind Science and Technology also hold equity stakes, but the relevant companies emphasize that the business volume and shareholding ratios are small. Institutions unanimously predict that commercial aerospace concept stocks whose net profit growth rates are expected to continue doubling in 2026 and 2027 include Yuhuan CNC Machine Tool, Shaanxi Huada, Zhongtian Rocket, Shanghai Hanxun, and Aerospace Nanhu.