[CITIC Securities: Optimistic About the Future Performance of the Commercial Space Sector as Market Risk Appetite Recovers] Deep Tide TechFlow reports that on July 18, a research report by CITIC Securities stated that, from the perspective of industry progress, China's reusable rockets have achieved a critical leap from concept to engineering, which will bring profound supply-side transformations to industries such as low-Earth orbit satellite internet. In the future, with the normalization of rocket recovery, the deployment pace of large constellations like China SatNet GW and Yuancheng Qianfan Constellation is expected to accelerate rapidly, and construction cost pressures are expected to decrease significantly. With intensive catalysts in commercial space and the recovery of market risk appetite, the future performance of the commercial space sector is promising. In the satellite segment, key areas of focus include payload systems, antennas and accessories, laser communication terminals and accessories, solar wings, and energy systems. In the rocket segment, attention should be given to engines and their 3D printing, as well as rocket body structural components. In the ground equipment segment, focus on civilian terminals and direct-to-mobile connections. In the operations and services segment, prioritize companies with scarce qualifications. (Jin10)