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Changes in Hong Kong stocks | Junda shares (02865) surged more than 19%, and the company's A shares rose and stopped this morning, Shanghai launched satellite internet
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The Zhitong Finance App learned that Junda shares (02865) rose sharply, and the company's A shares rose or stopped this morning. As of press release, it rose 17.98% to HK$12.47, with a turnover of HK$182 million.

According to the news, six departments in Shanghai disclosed action plans for the development of the satellite Internet industry (2027-2030), and proposed that by 2030, the number of satellites in orbit in the Shanghai satellite Internet industry will exceed 3,000, and the scale of the core industry will exceed 80 billion yuan. Furthermore, at the 2026 Satellite Internet Industry Ecology Conference, the “Star Hub Plan” officially announced the three-stage deployment plan, making it clear that the networking of 800 computing power satellites and 200 edge computing satellites will be completed in 2032, and that space-based computing power will reach the development goal of one million TOPS.

According to public information, Jietai Aerospace and Xuntian Qianhe, a subsidiary of Junda Co., Ltd., are developing separate layouts in space photovoltaics and satellites, forming a closed loop of “material-device-system-in-orbit verification” industry collaboration. As of September 20, the Qianhe River has successfully delivered 14 satellites, 6 of which have space-based computing power functions. The company achieved revenue of 2,042 billion yuan in the third quarter of this year, an increase of 37.4% over the previous quarter; net profit to mother was 175 million yuan, a decrease of 92 million yuan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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