On the morning of May 23, the press conference for the Shenzhou 23 manned flight mission was held at the Jiuquan Satellite Launch Center.

This press conference not only revealed the latest progress of the space mission but also sent a major signal: China is making every effort to achieve "astronauts landing on the moon before 2030," and the entire lunar exploration project has entered a new stage of "deep integration between the national team and commercial power."

China's lunar exploration program is no longer a solo effort; it has integrated resources and teams for both manned and unmanned lunar exploration. The space station is now a large "space training ground," dedicated to training technology and talent for lunar landings.

In the second half of the year, Chang'e-7 will go to the lunar south pole to "treasure hunt," and the Long March 10 and Mengzhou spacecraft are also undergoing intensive testing.

| The space station transforms into a "lunar preparatory class," with three major strong support points

The spokesperson clearly stated that as a national-level space laboratory, the Chinese space station is providing strong support for manned lunar landings in three aspects:

Talent reserve: The space station mission has already cultivated a team of astronauts with rich spaceflight experience, who will be the core of the future lunar crew.

Technical validation: The space station has been operating stably in orbit for nearly four years, with many key lunar landing technologies undergoing early validation. For example, the recently concluded Tianzhou-10 mission carried a liquid shaking test in microgravity environments, specifically to verify the rationality of the lunar vehicle's technical specifications.

Equipment integration: The combination of the "Long March 10A rocket + Mengzhou spacecraft" used for the space station and the "Long March 10 rocket + Mengzhou lunar spacecraft" planned for the future lunar mission are designed integrated. In the next two years, through multiple round-trip missions to the space station, this system will become increasingly mature, laying a solid foundation for lunar landings.

| Chang'e-7 to be launched in the second half of the year, with the lunar landing project accelerating across the board

Besides the space station's support, the actual lunar exploration missions are also accelerating. Currently, the Chang'e-7 probe has arrived at the Wenchang Launch Site and is undergoing final testing, with plans to launch in the second half of this year.

This time, it will use various methods such as orbiting, landing, patrolling, and flying to conduct in-depth surveys of the environment and resources of the lunar south pole.

Going forward, we will continue to see the technical verification flight of the Long March 10 carrier rocket, as well as the first flights of the Mengzhou manned spacecraft and the Lanyue lander. It can be said that the entire project is going all out to achieve the goal of China's first lunar landing before 2030.

| National Strategy Backs Down, Commercial Space Gains 'Certainty'

Integrating manned lunar landing and unmanned lunar exploration resources into a unified "Lunar Exploration Project" means a significant improvement in resource allocation efficiency at the national level. This endorsement of this "nationwide system" provides the entire industry chain with an extremely high margin of safety and certainty in development.

The spillover effect of technology is evident, and cost reduction and efficiency improvement are entering the fast lane: as new-generation launch vehicles like the Long March 10 transition to "reusable" and space station technologies reuse (such as integrated designs for space and space transport systems), space launch costs are expected to drop significantly. Cost reductions are the core prerequisite for the large-scale explosion of commercial space.

The deep space economy is moving from concept to implementation: from long-term operation of space stations to the exploration and development of lunar resources, humanity's footprint is extending into deeper space. This has not only driven upstream rocket manufacturing but also given rise to new downstream business models such as space tourism and deep space exploration services.

Kingtech Perspective | Core Final Assembly and Key Supporting Industry Chain

Focus on leading enterprises directly involved in the research and manufacturing of the Long March series rockets, Mengzhou spacecraft, and Chang'e probes (such as aerospace electronics, aerospace propower, etc.). At the same time, upstream suppliers supplying core components and new materials (such as carbon fiber and thermal protection materials) for these major national equipment will continue to benefit.

With the acceleration of low-Earth orbit satellite networking (such as StarNet and Qianfan Constellation) and the future demand for deep space data backhaul, downstream application areas such as satellite communication operations, remote sensing data processing, and navigation positioning services will see huge market growth.

From Shenzhou flying to Chang'e flying to the moon, and now to future Mars exploration, every leap in China's space program is a concentrated reflection of technological strength and comprehensive national power. The intensive launch schedule and clear schedule will continue to catalyze market heat in the aerospace sector.