Shenjian Co., Ltd. (002361.SZ) Hot Driver and Risk Analysis

Shenjian Co., Ltd. has recently become a market hot stock, mainly driven by the dual factors of

and [1]. Since December, events such as the successful launch of satellite internet low-orbit satellites at China’s Hainan Commercial Aerospace Launch Site, the convening of the “2025 3rd Commercial Aerospace Development Conference” and the establishment of a special fund, and the Shanghai Stock Exchange’s release of the Sci-Tech Innovation Board listing rules for commercial rocket enterprises have continuously boosted the popularity of the commercial aerospace sector [1]. The company disclosed on the interactive platform that its high-end equipment manufacturing segment’s customers include China Aerospace Science and Technology Corporation, involving aerospace-related businesses such as satellite antennas and reflectors, further attracting market attention [1]. In terms of price performance, from December 18 to December 29, the company’s stock price rose from 7.43 yuan/share to 14.49 yuan/share (a record high), with a cumulative increase of 114.67%. During this period, trading volume increased significantly, reaching 185.50M on December 29 (far higher than the average trading volume of 49.20M) [0][1]. In terms of market sentiment, data from the Dragon and Tiger List shows obvious signs of hot money speculation, and the discussion热度 on platforms such as stock bars has surged [2].

1. The
   “resonance effect” of industry favorable trends and company concepts
   is the core logic of this round of stock price increases. However, the commercial aerospace track is currently in the early stage of development, and the short-term market is mainly driven by market sentiment rather than substantial improvements in the company’s fundamentals.
2. The
   simultaneous surge in trading volume and stock price
   reflects strong market speculation. Market conditions dominated by hot money are usually accompanied by high volatility, and there is high uncertainty in subsequent price trends.
3. The
   actual contribution of the company’s commercial aerospace business is limited
   , accounting for only about 7.59% of revenue, and future growth is uncertain. The stock price increase is seriously deviated from the fundamentals [1][3].

• Main Risks
  : The revenue proportion of commercial aerospace application business is small, and there is insufficient performance support [3]; the current PE Ratio is 396.40x, far higher than the industry average, and there is a risk of valuation bubble [0]; the company has issued multiple stock price fluctuation announcements, and if the stock price fluctuates abnormally further, it may face suspension inspection [3]; ROE is only 1.56% and net profit margin is 1.38%, with weak profitability [0].
• Potential Opportunities
  : As an emerging track, commercial aerospace has great long-term development potential. If the company can expand the scale of commercial aerospace business and improve profitability in the future, it may be expected to obtain fundamental support.

Shenjian Co., Ltd.'s listing on the hot list this time is driven by the favorable trends in the commercial aerospace industry and the company’s related business concepts, with a significant short-term increase in stock price. However, attention should be paid to issues such as low proportion of commercial aerospace business, overvaluation, and insufficient fundamental support. Investors should view it rationally based on their own risk tolerance and pay attention to the company’s subsequent business expansion and fundamental changes.