Dahua Intelligent (002512) Limit-Up Analysis: Commercial Aerospace Policy Tailwinds Drive Sector Surge

This analysis is based on Tushare’s limit-up pool data. Dahua Intelligent (002512) hit a limit-up of 10.02% on November 25, 2025, with a turnover of 700 million yuan and a turnover rate of 12.05%[0]. The main driving factors are the commercial aerospace development action plan released by the National Space Administration[5]. The company holds ITU-recognized Ka-band high-throughput satellite orbital resources and is known as the first commercial aerospace stock to go global[0]. Main funds had a net buy of 170 million yuan[4], and the sector effect is obvious[3].

Dahua Intelligent’s limit-up is the result of the combined effect of favorable policies and sector effects. The National Space Administration released the “Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)”, which specifies 22 measures and establishes a development fund[5], directly catalyzing the commercial aerospace sector[2]. As a core target in the sector, the company holds scarce orbital resources[0] and is sought after by capital. On the day, the turnover was 700 million yuan and the turnover rate was 12%, indicating active market trading[0]. Main funds had a net inflow of 170 million yuan[4], with high institutional participation. Stocks such as Leike Defense in the sector also hit limit-up simultaneously[3], forming a linkage effect.

From a cross-domain perspective, the implementation of commercial aerospace policies will accelerate the development of the satellite internet industry chain[5]. Dahua Intelligent’s layout in the satellite communication field (such as DICT systems, intelligent security)[0] gives it long-term growth potential. In the short term, the sector’s popularity continues, and capital attention is high[1][6], which may continue to show active performance.

In terms of opportunities, during the policy dividend period, the company, as a sector leader, is expected to continue to benefit[2][5]. In terms of risks, it is necessary to pay attention to the correction pressure after the sector’s popularity recedes[1], and whether the company’s performance can match the valuation increase[0]. Currently, the sector is in a policy catalysis window period, and opportunities outweigh risks[3].

Dahua Intelligent’s limit-up is mainly driven by favorable commercial aerospace policies. The company has scarce orbital resources and obvious capital inflows. The commercial aerospace sector has become a market hotspot, and subsequent attention should be paid to the progress of policy implementation and the company’s business development[0][5].