In-depth Analysis of Tongyu Communication (002792) Strong Performance: Resonance Between Commercial Aerospace Layout and Policy Dividends

This analysis is based on the strong stock pool information from tushare_strong_pool [0]. Tongyu Communication (002792) has recently performed strongly and entered the market’s attention. As a communication equipment manufacturing enterprise, the company has entered the hypersonic missile technology field through indirect investment in Beijing Lingkong Tianxing Technology [0]. At the same time, it has benefited from favorable policies such as the national three-year action plan for commercial aerospace and the Beijing space data center plan, driving the stock price to achieve consecutive daily limits [4].

Tongyu Communication’s main business is communication equipment manufacturing, with core products including base station antennas [0]. Recently, the company increased its investment in the commercial aerospace track with 120 million yuan, specifically investing in Beijing Lingkong Tianxing Technology Co., Ltd. [5]. This enterprise has achieved mass production of basic hypersonic missiles [1][3]. This move marks the company’s extension from the traditional communication field to the aerospace industry, forming a new business growth point.

The National Space Administration issued the “Promoting High-Quality and Safe Development of Commercial Aerospace Action Plan (2025-2027)”, providing strong policy support for the industry [6]. Meanwhile, Beijing plans to build a gigawatt-level space data center in the dawn-dusk orbit, moving large-scale AI computing power to space [7][8], further opening up the commercial aerospace market space. In this context, the commercial aerospace sector has moved upward as a whole [4], and Tongyu Communication, as an enterprise in the sector, has benefited significantly.

The company’s stock price recently achieved a “one-word” daily limit and two consecutive daily limits [4]. The main driving factors include: 1) Strong national policy support for commercial aerospace development [6]; 2) The company’s 120 million yuan investment in the commercial aerospace track [5]; 3) Major favorable news such as the Beijing space data center plan [7][8]; 4) The linkage effect of the overall strength of the commercial aerospace sector [4].

1. Strategic Value of Cross-border Layout
   : Tongyu Communication’s cross-border layout from traditional communication equipment to the commercial aerospace field not only expands its business boundaries but also seizes the development opportunities of national strategic emerging industries [0].
2. Resonance Effect of Policy and Market
   : The national three-year action plan for commercial aerospace and the Beijing space data center plan form a policy synergy. Combined with the increased market attention to the commercial aerospace sector, they jointly drive the company’s stock price up [6][7][8].
3. Potential for Technical Synergy
   : The company’s leading advantages in satellite communication ground station construction and terminal equipment are expected to form a synergy with the newly laid-out hypersonic technology, enhancing long-term competitiveness [0].

• Policy Window Period
  : The national three-year action plan for commercial aerospace (2025-2027) provides a clear development path and support for the industry, and the company is expected to achieve rapid growth during the policy dividend period [6].
• Growth Potential of New Track
  : The hypersonic technology and space data center fields have broad market space, and the company’s early layout is expected to seize the first-mover advantage [1][3][7].
• Sector Linkage Effect
  : The overall strength of the commercial aerospace sector is expected to continue to drive the company’s stock price performance [4].

• Technology R&D Risk
  : The hypersonic technology and space data center-related businesses have high technical barriers, and R&D progress may not meet expectations [0].
• Market Competition Risk
  : With the increased attention to the commercial aerospace field, industry competition may intensify, and the company needs to maintain its leading technical advantages [0].
• Policy Implementation Risk
  : Although the policy direction is clear, there are uncertainties in the specific implementation rules and landing effects [6].

Tongyu Communication (002792)'s recent strong performance is mainly driven by its strategic layout in the commercial aerospace field and favorable policies. The company entered the hypersonic technology field through indirect investment, combined with favorable factors such as the national commercial aerospace action plan and the Beijing space data center plan, forming a short-term driving force for stock price growth. In the long run, the company needs to continue to exert efforts in technology R&D and market expansion to consolidate its competitive advantages and achieve sustainable growth. Investors should pay attention to key factors such as policy implementation progress, technology R&D results, and industry competition trends.