Tongyu Communication (002792) Strong Performance Analysis: Hypersonic Missile Connection and Satellite Internet Layout

Tongyu Communication (002792) has recently shown strong stock price performance. The core driving factors include its indirect investment in Beijing Lingkong Tianxing and deep layout in the satellite internet industry chain. The company indirectly invested in Lingkong Tianxing through Tongyu Huazhen, which released news of mass production of its “Yukongji-1000” hypersonic missile in November 2025, attracting widespread market attention [2,3]. Meanwhile, the company has accumulated an investment of 120 million yuan in aerospace industry projects, with its products entering the low-orbit satellite supply chain and obtaining overseas orders, and has carried out cooperation with international giants such as SpaceX [0,4]. In addition, its equity-participating subsidiary Sichuan Guangwei has achieved small-batch shipment of 800G optical modules, and the 1.6T optical module is in the R&D testing phase [4]. In terms of stock price, it rose by 6.26% on a single day on November 24, and hit consecutive limit-ups on November 27 and 28, indicating high market recognition [0,6].

1. Civil-Military Integration + Satellite Internet Dual-Drive
   : The company has entered the military technology field through indirect investment while deeply cultivating the satellite internet track, forming a unique business portfolio and benefiting from multiple high-boom tracks [0,2,8].
2. Multi-Business Line Synergy Effect
   : The combination of traditional communication equipment (antennas, radio frequency devices) and emerging fields (satellite internet, optical modules) provides the company with diversified growth momentum [0,4,7].
3. Sentiment and Fundamentals Resonance
   : The combination of short-term hotspots (hypersonic missiles) and medium-to-long-term growth logic (satellite internet, optical modules) attracts different types of investors [0,6,7].

• Risks
  : 1) Stock price volatility risk brought by hotspot speculation; if there is a lack of substantial performance support in the future, a correction may occur [0,7]; 2) Regulatory policy uncertainty related to military businesses [2,3]; 3) Intensified competition risk in the satellite internet industry [8,9].
• Opportunities
  : 1) Rapid development of the satellite internet industry (global market size with a compound annual growth rate of over 20% [9]); 2) Rising market demand for 800G and above optical modules [4]; 3) Business expansion space under the promotion of civil-military integration policies [2,3].

The recent strong performance of Tongyu Communication stems from its indirect investment in Lingkong Tianxing (hypersonic missile mass production) and its layout in emerging businesses such as satellite internet and optical modules. The company’s fundamentals resonate with market hotspots, but attention should be paid to short-term speculation risks and industry competition pressure. It is recommended to follow up on subsequent performance realization and business expansion progress.