蓝箭航天创始人张昌武享特别表决权、控股75%,曾任职汇丰银行
Sou Hu Cai Jing·2026-01-04 03:41

Core Viewpoint - Blue Arrow Aerospace Technology Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, aiming to establish itself as a leading commercial aerospace enterprise focused on the development and production of liquid oxygen-methane engines and launch vehicles [3]. Financial Performance - Revenue projections for Blue Arrow Aerospace from 2022 to the first half of 2025 are as follows: 782,900 CNY in 2022, 3,952,100 CNY in 2023, 4,278,300 CNY in 2024, and 36,431,900 CNY in the first half of 2025 [3]. - The company is expected to incur net losses of 800,400,000 CNY in 2022, 1,188,000,000 CNY in 2023, 876,000,000 CNY in 2024, and 597,000,000 CNY in the first half of 2025 [3]. Assets and Liabilities - Total assets are projected to grow from 2,944,566.7 CNY in 2022 to 6,353,498.5 CNY by June 30, 2025 [4]. - The debt-to-asset ratio is expected to increase from 23.80% in 2022 to 40.36% by June 30, 2025 [5]. Shareholder Structure - Zhang Changwu, the founder and current chairman and general manager, directly holds 6.7277% of the company's shares and controls a total of 23.4724% of the shares through various partnerships [6]. - The company has a dual-class share structure, allowing Zhang to control 75.2019% of the voting rights, significantly influencing shareholder decisions [6]. Research and Development - The company has a high R&D expenditure relative to its revenue, with R&D investment as a percentage of revenue projected at 987.01% in the first half of 2025, indicating a strong focus on innovation [5].