Tongyu Communication (002792) Strong Performance Analysis: Commercial Aerospace Drive and Growth Potential

Tongyu Communication (002792) has recently entered the strong stock pool. Its stock price hit consecutive daily limits on November 27 and 28, 2025, with a maximum increase of 29.8% within 4 trading days, mainly driven by the commercial aerospace concept [1][7]. The company focuses on the R&D and manufacturing of communication antennas, actively lays out emerging fields such as commercial aerospace, satellite communication, and low-altitude economy, has cooperation with Huawei and joined the Beidou Alliance, and has accumulated technologies in 5.5G and 6G antennas [2][4].

The country has issued multiple policies supporting satellite internet development, setting a target of over 10 million satellite communication users by 2030, providing policy guarantees for industry growth [1][6].

The company has built a full-chain product system covering the ‘star-ground-end’ (Xing-Di-Duan) ecosystem. Its spaceborne phased array antenna has achieved small-batch application in low-orbit satellites, and it deeply participates in the construction of the national low-orbit satellite internet [4][7].

In the first half of 2025, overseas revenue exceeded domestic revenue for the first time. The company successfully expanded into developed markets like Canada and Australia, making overseas business a new growth driver [5][7].

In November, it received research visits from over 90 institutions, including well-known ones like Changxin Fund, Huafu Securities, and CITIC Construction Investment, reflecting market confidence in its future development [4][5].

With the rapid development of the commercial aerospace industry and the expansion of the satellite communication market, the company, as a leader in the communication antenna field, is expected to continue benefiting. It has strong technical strength with over 700 authorized patents in the RF communication field and participates in the development of 300 satellite payloads for the ‘Hongyan Constellation’, indicating great future growth potential [7][2].

Attention should be paid to factors such as intensified industry competition, policy implementation falling short of expectations, and technological R&D risks that may impact the company’s future development [3][6]