Changguang Satellite has completed an equity financing of nearly Rmb5 bln led by
Changfa Group and Lushi Investment, with participation from Chengtong Fund,
Orient Asset Management and others; existing investors including Haitong
Innovation and Shenzhen Capital Group also followed. Proceeds will be deployed
to three priorities: accelerate satellite mass-production capacity and scale
manufacturing efficiency; advance the Jilin-1 satellite constellation to
strengthen high-resolution data acquisition; and deepen remote-sensing data
applications to expand industry-specific solutions.
