Nanjing Panda Electronics Co Ltd (00553) rose nearly 7%, up 6.96% to HKD 2.46 at press time, with a turnover of HKD 3.198 million.
According to the WiseNews app, Nanjing Panda Electronics Co Ltd (00553) rose nearly 7%, up 6.96% to HKD 2.46 at press time, with a turnover of HKD 3.198 million.
On the news front, the first launch of the Qianfan constellation satellite network will be held on August 5th in Taiyuan. The Qianfan constellation is part of the G60 satellite chain plan. According to the plan, the first phase will complete the launch of 1296 satellites, and in the future, it will build a network of over 140,000 low-orbit wideband multimedia satellites. GTJA (Guotai Junan Securities) believes that the commercial aerospace industry is in a phase of transition from import to growth, and strong policy support is expected to promote the rapid development of the commercial aerospace industry. With SpaceX's valuation reaching 210 billion US dollars, and combined with the constellation network plan of major operators, the bank believes that the scale of China's commercial aerospace market is expected to reach the trillion-dollar level.
It is reported that Nanjing Panda Electronics Co., Ltd. is deeply engaged in satellite mobile communication and other technologies. In August 2023, the company won the bid for the new generation of satellite terminal project, including hardware and software, which can support satellite communication between terminals. The bid amount was more than 9 million yuan. The relevant technology of the company's new generation of satellite communication terminals can be applied to mobile phones, vehicles, ships, aircraft and so on. In addition, the company has cooperated with Southeast University, Xingsi Semiconductor, and others to create a new type of innovation platform for industry, academia, and research in order to build a "Low-Orbit Satellite Internet Terminal Industry Chain Alliance".