航天科工火箭控制权正式挂牌 公司整体估值112亿元

Core Viewpoint - The control of Aerospace Science and Industry Corporation's rocket unit, Aerospace Science and Industry Rocket Technology Co., Ltd., is officially up for transfer, with a 29.5904% stake being offered at a base price of approximately 3.3 billion yuan, valuing the company at around 11.2 billion yuan [1] Group 1: Company Overview - Aerospace Science and Industry Rocket was established in February 2016 and completed its first commercial launch in January 2017 with the Kuaizhou-1 rocket [2] - The company has developed China's first vehicle-mounted solid rocket, expanding the country's capabilities in launch vehicles from liquid to solid [1] - As of now, Aerospace Science and Industry Group holds a 56.43% stake in Aerospace Science and Industry Rocket, which will decrease to 26.84% after the stake transfer [1] Group 2: Financial Performance - For the fiscal year 2024, the company reported revenues of 63.81 million yuan and a loss of 180 million yuan; in the first 11 months of 2025, revenues were 67.36 million yuan with a loss of 136 million yuan [3] - As of November 2025, total assets were reported at 3.033 billion yuan, with owner equity at 2.561 billion yuan [3] Group 3: Industry Context - In 2025, China completed 87 space launches, with 23 conducted by private commercial rocket companies, successfully placing 324 satellites into orbit [3] - The year 2025 is recognized as the "capital year" for China's commercial space industry, with total financing reaching 18.6 billion yuan, a 32% increase year-on-year [3] - The commercial space sector is experiencing a surge in IPO activities, with several companies, including Blue Arrow Aerospace, actively pursuing listings [3]