完成近25亿元融资后 天兵科技冲刺IPO

Company Overview - Tianbing Technology, established in April 2019, is a leading enterprise in China's commercial aerospace sector, focusing on the development of next-generation liquid rocket engines and medium to large liquid launch vehicles [2][3] - The company has a registered capital of 391.4 million yuan and is located in Zhangjiagang Economic and Technological Development Zone [3] - The controlling shareholder is Kang Yonglai, who holds a direct stake of 23.49% [3] Business Segments - Tianbing Technology's main business is divided into three segments: rocket launch services, power system support, and product technology services [2] - The company offers low-cost, high-reliability customized launch services through its self-developed reusable liquid launch vehicle, along with a complete service system including satellite matching, launch site coordination, launch control, and insurance technical support [2] Financing and Growth - In October of the previous year, Tianbing Technology announced the completion of nearly 2.5 billion yuan in Pre-D and D round financing, involving multiple institutions such as Guoyu Gaohua and Jishan Group [3] - The funds from this financing round are intended for the mass production preparation of rockets and engines, as well as the development of new-generation engines and rockets, further advancing China's commercial aerospace technology and industrialization process [3] Industry Context - In December of the previous year, the Shanghai Stock Exchange released guidelines to support commercial rocket enterprises in applying for the Sci-Tech Innovation Board, encouraging innovation in key technologies [4] - The Chinese commercial aerospace industry is projected to reach a scale of 2.5 to 2.8 trillion yuan by the end of 2025, with an average annual growth rate exceeding 20% and the number of commercial aerospace companies surpassing 600 [4]