Huatong benefited from the upgrade of the space board, and the lights hit the daily limit today
Quick Look
- SpaceX successfully performed its 14th Starship flight test on September 28, entering Earth orbit for the first time and deploying 26 Starlink V3 satellites.
- As the largest supplier of SpaceX, Huatong benefited from the upgrade of space boards and the increase in the usage and value of single satellite PCBs.
- The stock price hit the daily limit of 248.5 yuan less than an hour after the opening of today.
AI-generated summary
Why It Matters
Huatong is SpaceX’s largest PCB supplier. The 14th Starship flight test successfully entered orbit on September 28 and deployed 26 Starlink V3 satellites. The V3 satellites have significantly improved in size, weight and transmission efficiency, and the number of PCB layers has increased from less than 18 layers to more than 20 layers.
Huatong benefited from the upgrade of the space board and hit the daily limit today. (provided by the company)
[Reporter Zhuo Yijun/Reporting from Taipei] SpaceX (Space Exploration Technology Company) carried out the 14th flight test of the Starship on September 28, successfully entered the earth’s orbit for the first time, and successfully deployed 26 new-generation Starlink V3 Satellite and PCB factory Huatong (2313), as the largest supplier of SpaceX, will usher in a wave of space board upgrades. The V3 satellite has significantly improved in size, weight and transmission efficiency. The number of PCB layers has increased from less than 18 layers to more than 20 layers, driving an increase in the usage and value of PCBs for a single satellite. Huatong is expected to benefit the most. Huatong launched a volume attack today, and the price limit was locked within an hour after the opening.
As of around 12:38, Huatong locked its daily limit, with the price at 248.5 yuan. The daily limit committee bought more than 16,000 contracts, and the trading volume exceeded 48,500 contracts.
Please read on...
Huatong said that satellite customer demand has been positive this year. In the first quarter, shipments were limited due to the extended delivery time of raw material supply. However, the supply of materials has gradually improved recently. In the second quarter, satellite product shipments increased compared with the previous quarter. In the second half of the year, the continued launch of Starship rockets and the stable deployment of V3 satellites will usher in the upstream materials industry. New production capacity is being opened one after another, and the supply of raw materials is expected to gradually improve. The global low-orbit satellite industry will enter a period of accelerated growth. Satellite upgrades will drive an increase in the value of related components. The revenue scale of low-orbit satellites will continue to expand and their proportion will increase, which will further boost the company's revenue scale and profit performance.
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What to Watch
AI outlook — possibilities, not facts
Huatong’s satellite product shipments in the second half of the year will increase compared with the previous quarter
Likely · Within months
The global low-orbit satellite industry will enter a period of accelerated growth
Likely · Within months
Open Questions
- What is the specific amount of Huatong’s benefit this time?
- How much does the value of a single PCB of the V3 satellite increase compared to the previous generation?
- What is the estimated frequency of starship launches in the second half of the year?
