In-depth Analysis of Zhongtian Rocket (003009)'s Strong Performance: Driven by Policy Dividends and Fundamental Resonance

This analysis is based on Tushare Strong Stock Pool data [0], released on November 27, 2025. Zhongtian Rocket (003009) recently entered the strong stock pool, with core driving factors including the implementation of the national aerospace power strategy, the overall boom in the commercial aerospace sector, and the company’s own fundamental advantages. Key findings: The company’s stock price hit the limit-up, outperforming the sector average; policy and fundamentals resonated significantly; the sector has great long-term growth potential. Main impacts: Increase market attention to the commercial aerospace sector and promote valuation repair of related companies.

At the national level, the aerospace industry has been elevated to a strategic height. The Fifth Plenary Session of the 19th Central Committee added the expression ‘aerospace power’ [4], and the State Administration of Science, Technology and Industry for National Defense established a commercial aerospace supervision post [0], marking the implementation of policies. In terms of technological breakthroughs, the Zhuque-3 recoverable rocket is about to make its first flight [0], which is expected to become the first domestically operated recoverable launch vehicle, bringing catalysis to the sector.

The commercial aerospace sector is collectively active. Zhongtian Rocket has increased by more than 15% and hit the limit-up multiple times [0], showing obvious sector rotation effects. According to Sohu Securities data, individual stocks in the commercial aerospace sector have generally strengthened recently [2], reflecting market recognition of this track.

Zhongtian Rocket has fundamental support such as military industry business qualifications, rich management experience, and governance optimization [5]. Data on the limit-up day: closing price 58.83 yuan, increase of 7.02%, locked-up funds of 23.9438 million yuan accounting for 0.26% of the circulating market value [0][3], indicating high capital attention.

• Cross-domain correlation
  : A complete chain is formed from policy dividends → increased sector prosperity → company fundamental advantages → strong stock price performance.
• Deep meaning
  : Commercial aerospace has entered the substantive development stage from the conceptual stage and become one of the national strategic growth poles.
• Systematic impact
  : High-quality companies in the sector will continue to benefit from dual driving forces of policy and technology, and industry concentration may gradually increase.

1. Policy implementation risk
   : The implementation progress of commercial aerospace-related policies may be lower than expected [0].
2. Technological progress risk
   : There may be delays in the R&D or first flight of projects such as Zhuque-3 [0].
3. Market fluctuation risk
   : As a popular sector, it may face valuation correction pressure in the short term [1].

1. Long-term growth opportunity
   : Under continuous policy support, the market size of commercial aerospace is expected to expand rapidly [4].
2. Company development opportunity
   : Zhongtian Rocket, with its military industry qualifications and governance advantages, is expected to capture more market share [5].

• Policy
  : The aerospace power strategy is clear, and the commercial aerospace policy system is gradually improving.
• Sector
  : The commercial aerospace sector has entered a high-prosperity cycle with significant rotation effects.
• Company
  : Zhongtian Rocket has solid fundamentals and strong recent stock price performance.
• Risk reminder
  : Rationally view short-term fluctuations and focus on long-term value.