Satellite navigation industry enters new phase
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Yesterday, the A-share market experienced a trend of rebound in the center of gravity, and the pattern of new funds continued to increase was more obvious. On the other hand, new funds appear to have a soft spot for the satellite navigation sector. Chinese satellites (600118) and Guoteng Electronics (300101) and other stocks have pulled up sharply since yesterday afternoon. So, how do you view this trend?
Industry or Invasion
For the satellite navigation industry, the industry base for sustained high growth has now been established. On the one hand, from the hardware point of view, China has intensified its launch of satellites in recent years, which has enabled satellites to have full coverage and provided sufficient conditions for the development of the satellite navigation industry. On the other hand, from the perspective of demand, it is also facing a sustained boost. Not only is the demand for satellite navigation services based on smart transportation construction, but it also lies in the improvement of geographical information coverage requirements of the oceans and central and western regions in China's economic development. In particular, the marine economy is the top priority of China’s future economic policy development. There is an urgent need for satellite navigation industry support.
To this end, China has increased its support for the satellite navigation industry in recent years, and even industry insiders predict that China will impose Beidou navigation terminals on some industries in the national economy and people's livelihood, such as electricity, telecommunications, and finance. In other industries, such as meteorology, disaster reduction, energy, forestry, and fishery, the Chinese government has already started to promote through demonstration projects.
More importantly, "The State Council Information Office is scheduled to hold a press conference at 10:00 on December 27th, inviting the Beidou satellite navigation system spokesman and director of China Satellite Navigation System Management Office Yan Chengqi, director of China Satellite Navigation and Positioning Application Management Center Yang Baofeng. Wu Dong, Director of the Navigation Engineering Office of China Aerospace Science and Technology Corporation, introduced the Beidou satellite navigation system and officially provided regional services, and answered questions from reporters. Such information means that China's satellite navigation industry will enter a new development cycle.