Tongyu Communication (002792.SZ): Drivers and Risk Analysis of a Hot Stock

Tongyu Communication (002792.SZ) has recently become a hot stock, mainly driven by the high prosperity of the satellite communication industry and sector linkage effects. The company covers three application scenarios of “satellite-ground-terminal” in the satellite communication field, with a market share of over 30% in ground gateway stations, and invests in the commercial aerospace sector through industrial funds [4][5]. Meanwhile, policy support and technological breakthroughs in China’s commercial aerospace sector, as well as progress from international giants like SpaceX, have boosted the sector’s momentum [1][2][3]. In terms of sectors, the Communication Equipment Index (931160) rose 6.50% on December 8, 2025, and Tongyu Communication hit the daily limit simultaneously, showing a strong sector linkage effect [6].

From the perspective of price and trading volume, the stock price has risen 77.29% in the past 14 trading days, with a single-day increase of 10.00% and a trading volume of 50.22 million shares on that day, which is higher than the average level, indicating high market participation [0]. The current stock price is close to the 52-week high of 35.21 yuan, with a short-term resistance level of 35.21 yuan and a support level of 27.56 yuan [0].

1. Resonance between Sector Momentum and Company Business
   : Policy and technological catalysts in the satellite communication sector, combined with Tongyu Communication’s layout in this field, form a resonance, which is the core driver of the stock price rise.
2. Promotion by Institutional and Market Sentiment
   : The Dragon and Tiger List shows net institutional purchases, combined with the collective strength of the sector, which has promoted the heating up of market sentiment [5].
3. Divergence between High Valuation and Fundamentals
   : The company’s P/E ratio is as high as 1173.67x, far above the industry average, while ROE is only 0.54% and net profit margin is 1.30%, with low profitability and obvious valuation bubble [0].

• Risks
  : The risk of overvaluation is significant, and the current valuation lacks fundamental support [0]; weak fundamentals and low profitability; the satellite communication sector is greatly affected by policy and technological progress, with severe fluctuations; the actual profit contribution of the company’s satellite communication business still needs to be observed.
• Opportunities
  : The satellite communication industry has great long-term development potential, and the company’s layout in this field is expected to bring future business growth; the internationalization strategy has achieved remarkable results, obtaining orders from developed markets such as Australia [5].

Tongyu Communication has become a hot stock due to the prosperity of the satellite communication industry and its own business layout. While its short-term stock price performance is strong, issues such as high valuation and weak fundamentals need to be paid attention to. Investors should combine their own risk preferences and carefully evaluate long-term value and short-term volatility risks.

[0] Jinling Analysis Database
[1] Sohu - Multiple Catalysts Arrive! E Fund Satellite ETF (563530) Hits Four Consecutive Positive Days
[2] East Money - SpaceX Advances史上最大IPO Largest IPO in History, Commercial Aerospace Sector Remains Active
[3] Sina Finance - Photon OIO Era is Not Far Away, Zhuque-3 Successfully Enters Orbit, Optimistic About Commercial Aerospace
[4] Zhihu Column - In-depth Research Report on Satellite IoT Industry Investment
[5] NetEase News - Tongyu Communication Daily Limit Analysis on December 8, 2025: Satellite Communication + Overseas Business + Asset Optimization
[6] Jiemian News - Communication Sector Soars! High Prosperity of Optical Module Industry Continues