Analysis of Star Map Measurement & Control (920116) Strong Performance and Sustainability Judgment

This analysis is based on the event that Star Map Measurement & Control (920116), a component stock of the Beijing Stock Exchange 50 Index, entered the strong stock pool on December 11, 2025 [1]. The stock closed up 13.07% to RMB 89.19 on that day, driven mainly by two core catalysts:

1. Corporate Strategic Breakthrough
   : On December 10, Star Map Measurement & Control released the “Star Eye” Space Perception Constellation Plan, aiming to build a global low-Earth orbit monitoring network. This marks the company’s transformation to space-ground integrated intelligent management and control, aligning with the national high-quality development strategy for commercial aerospace and attracting high attention from the capital market [2][3].
2. Sector Market Drive
   : On December 11, influenced by the Fed’s interest rate cut, the Beijing Stock Exchange 50 Index surged over 6% intraday and closed up 3.84% eventually. As a component stock, Star Map Measurement & Control rebounded strongly along with the sector [1][4].

Fundamentally, Star Map Measurement & Control is a leading space management service provider in the commercial aerospace sector, focusing on core businesses such as space situational awareness and space traffic services, with strong technical strength and industry experience [2]. Technically, the trading volume on that day was 116,800 lots, the transaction amount was RMB 1.008 billion, and the turnover rate was 28.78%, significantly higher than the average level [0]; the K-line broke through previous resistance levels, indicators like MACD and KDJ showed a bullish trend, and the 5-day, 10-day, and 20-day moving averages were on an upward trend [0].

1. Strategic Layout Aligns with Market Hotspots
   : The “Star Eye” Constellation Plan seizes the development opportunities in commercial aerospace, becoming the core internal driver of the stock price rise, reflecting the market’s recognition of the company’s long-term growth potential.
2. Significant Sector Linkage Effect
   : The sharp rebound of the Beijing Stock Exchange 50 Index amplified the individual stock’s gain, reflecting the transmission effect of macro policies (Fed’s interest rate cut) on the segmented market.
3. High Short-term Capital Activity
   : The high turnover rate of 28.78% indicates active participation by hot money and retail investors, which not only推动 short-term growth but also increases volatility risks.

• The commercial aerospace sector is supported by national policies and is in a period of rapid growth;
• If the “Star Eye” Constellation Plan is implemented smoothly, it will enhance the company’s core competitiveness and market share.

• Valuation Risk
  : The current TTM P/E ratio is 145.91, with a high valuation level; future performance fulfillment needs to be monitored [0];
• Technical and Implementation Risk
  : The “Star Eye” Plan has high technical complexity, and there are uncertainties in implementation progress and effects [2];
• Market Volatility Risk
  : The Beijing Stock Exchange 50 Index fluctuates greatly due to capital liquidity, and individual stocks may experience short-term corrections along with the sector [1];
• High Turnover Rate Risk
  : Short-term trading funds dominate the market, which may lead to volatility when there is a lack of long-term capital support.

The strong performance of Star Map Measurement & Control (920116) is jointly driven by the company’s strategic breakthrough and sector market trends, with both technical and fundamental aspects providing certain support. In the short term, the popularity of the commercial aerospace sector and favorable macro policies may continue the stock price’s upward trend, but close attention needs to be paid to the implementation progress of the “Star Eye” Plan, the rationality of valuation, and the volatility of the Beijing Stock Exchange 50 Index. Investors should make decisions based on their own risk preferences and investment horizons, combined with more information.