China Stock of the Day | Kabutaro & Friends

China Spacesat<600118>, a company engaged in the research, development and manufacturing of small satellites and satellite applications, was the Chinese stock most talked about online on October 29, 2026.
Background: On the night of October 28, the company announced its results for the July-September quarter of 2026. Revenue rose 16.24% year on year to 2.071 billion yuan, and net profit rose 11.17% to 50.36 million yuan. For January-September, revenue rose 27.52% to 3.956 billion yuan, and net profit attributable to shareholders jumped 473.40% to 84.93 million yuan. The company attributed the growth to an increase from a year earlier in contract performance milestones that met acceptance conditions in its satellite development business. On the 29th, while the Shanghai Composite fell in the morning session and semiconductor stocks were sold, commercial space stocks rose against the market, and the company's shares were locked at the limit-up during the session. The stock closed at its limit-up price of 55.90 yuan (up 10.00%), with turnover of about 3.11 billion yuan and a market capitalization of about 66.1 billion yuan.