Jushri Technologies Inc.: Riding the Wave of China’s Commercial‑Space‑Powered Broadband Boom

Jushri Technologies Inc. (SZ:300762), a Shenzhen‑listed specialist in broadband wireless access equipment, has positioned itself at the nexus of China’s rapidly expanding commercial‑space and terrestrial‑network ecosystems. Its product portfolio—wireless backbone and transfer equipment, hotspot‑grade access modules, and mobile broadband systems—aligns closely with the infrastructural demands of the emerging low‑orbit satellite constellations and the nationwide rollout of 5G and future 6G networks.

1. Macro Drivers: The Commercial‑Space Surge

On 26 December 2025, China’s Hainan commercial‑space launch site successfully deployed a group of 17 low‑orbit satellites using the Long March‑8A rocket, an event that has propelled the commercial‑space theme to a 33 % cumulative gain in the industry‑theme index. The momentum is underpinned by:

  • Policy support: The 2025 Commercial‑Space Development Conference announced a science‑and‑innovation fund ranging from 10 billion to 20 billion CNY, earmarked for low‑orbit satellite constellations, reusable launch vehicles, and space‑borne communications hardware.
  • Operational scale: Analysts project more than 320 satellite launches in 2025, a historic high, indicating a steady demand for ground‑segment equipment.
  • Market confidence: The launch of the Long March‑8A, coupled with the increasing frequency of satellite deployments, has sharpened investor focus on companies supplying the necessary terrestrial‑and‑space‑link infrastructure.

Jushri’s core business—providing broadband wireless access solutions—directly supports satellite‑backed broadband services. As satellites increasingly become the backbone of China’s “Internet of Everything” initiative, the need for high‑throughput, low‑latency access equipment will grow. Jushri’s experience in emergency communication systems further enhances its appeal in scenarios where satellite links become critical for resilient connectivity.

2. Financial Snapshot and Market Perception

  • Share price: 38.46 CNY (close, 24 Dec 2025), with a 52‑week high of 39.85 CNY and a low of 17.2 CNY.
  • Market cap: 22.35 billion CNY.
  • PE ratio: –212.64, reflecting current earnings volatility but also signalling that the market may be pricing future upside rather than current profitability.

While the negative PE indicates that earnings are not yet sustainable, the firm’s strategic positioning in a high‑growth segment mitigates short‑term valuation concerns. Moreover, the surge in financing activity across the Shenzhen and Shanghai exchanges—evident from a 50.59 billion‑CNY increase in the CSRC‑registered financing balance—suggests that institutional appetite for growth‑oriented tech stocks remains robust.

3. Strategic Initiatives and Competitive Edge

  • Product Integration: Jushri’s wireless backbone equipment can be seamlessly paired with satellite‑backed broadband hubs, enabling rapid deployment of hotspot networks in remote or disaster‑prone areas.
  • Technology Development: The company’s focus on low‑power, high‑efficiency modules positions it well to meet the stringent energy constraints of satellite‑enabled mobile devices.
  • Partnership Potential: As the Chinese government rolls out the “Internet of Everything” policy, Jushri is poised to collaborate with telecom operators, municipal governments, and disaster‑management agencies to supply resilient connectivity solutions.

4. Outlook

Given the confluence of policy incentives, technological demand, and a rising satellite‑internet ecosystem, Jushri stands to benefit substantially from the next wave of broadband expansion. While the current valuation reflects earnings uncertainty, the company’s role as a critical infrastructure provider in a high‑growth sector suggests that its long‑term trajectory aligns with the broader digital transformation underway in China.

Investors and analysts should monitor Jushri’s order book for satellite‑link integration projects and any partnership announcements with state‑owned telecom carriers. A sustained pipeline of high‑profile contracts will likely validate the negative PE and position the stock for a valuation realignment as earnings stabilize and the commercial‑space ecosystem matures.