科创板第五套上市标准正式扩围至商业航天 蓝箭航天科创板IPO申请获受理

Core Viewpoint - Blue Arrow Aerospace Technology Co., Ltd. has submitted its IPO application to the Shanghai Stock Exchange, aiming to become the first commercial rocket company listed on the Sci-Tech Innovation Board, despite currently being unprofitable [1][6]. Company Overview - Blue Arrow Aerospace focuses on the research, development, and production of liquid oxygen-methane engines and launch vehicles, providing commercial rocket launch services. The company aims to establish a comprehensive industrial chain centered on medium to large reusable liquid oxygen-methane launch vehicles [6]. - The company plans to raise 7.5 billion yuan through its IPO to enhance its reusable rocket technology development and increase the mass production capabilities of engines and rockets [6]. Investment Projects - The total investment for the reusable rocket capacity enhancement project is approximately 2.8 billion yuan [7]. - The total investment for the reusable rocket technology enhancement project is approximately 5.66 billion yuan [7]. - The combined total investment for both projects is approximately 8.46 billion yuan [7]. Regulatory Context - The China Securities Regulatory Commission has expanded the applicability of the fifth set of listing standards to include commercial aerospace, supporting emerging industries and future industries [9]. - The Shanghai Stock Exchange has issued guidelines specifically for commercial rocket enterprises under the fifth set of listing standards, providing targeted support for high-quality commercial rocket companies that have not yet achieved significant revenue [9].