A-shares opened higher and fluctuated in the morning session. Sectors such as defense, commercial aerospace, and satellite navigation led the gains. As of 10:25, the CSI Satellite Industry Index rose 2.1%. Among its constituents, Guangku Technology surged over 14%, while Xinleineng and Guojijingong gained over 6%, and Haige Communication advanced over 5%.

On November 22, the Ministry of Industry and Information Technology announced at the "5G + Industrial Internet" conference that the commercial trial of China's satellite IoT services has officially begun, with a trial period of two years. The trial aims to provide low-speed data connectivity via satellites for areas without terrestrial networks, such as oceans, mountainous regions, and low-altitude airspace. It will cover data collection terminals, vehicles, ships, aircraft, and wearable devices, while simultaneously establishing a safety regulatory framework to develop a replicable business model, supporting commercial aerospace and the low-altitude economy.

Analysts noted that the launch of this commercial trial marks another inflection point for satellite internet following "constellation networking," indicating a shift in demand from government point procurement to large-scale market implementation. Orders and valuations across the industrial chain are expected to rise simultaneously, benefiting core segments such as satellite manufacturing, launch services, terminal chips, and operations.

The Satellite ETF E Fund (563530) tracks the CSI Satellite Industry Index, which selects 50 stocks involved in satellite manufacturing, satellite launch, satellite communication, satellite navigation, satellite remote sensing, and other related fields as index components. It provides comprehensive coverage of the industrial chain with greater exposure to the application layer, helping investors capture opportunities in the satellite industry with a single click.