Huanxin Satellite has recently released a tender announcement for the procurement of launch vehicle services for 2025. According to a research report by CITIC Securities, it is anticipated that domestic private rocket enterprises will secure the bid, marking a significant milestone in the commercialization of private liquid rockets. The report further predicts that during the second half of this year, private large liquid rockets will witness a surge of inaugural launches, gradually emerging as a pivotal player in the development of China's low-orbit satellite internet infrastructure. Numerous listed companies are actively engaging in the private rocket industry chain, particularly in sectors such as rocket body structural components, liquid rocket engine components, and sensors. Additionally, enterprises listed in the 3D printing services and equipment sector for rockets (notably engines) also merit close attention.