Xin Lang Cai Jing·2026-02-10 11:28Core Viewpoint - The successful IPO of Electric Science and Technology Blue Sky on the STAR Market marks it as the first aerospace IPO of the year, with a significant first-day price increase of 596.3% from the issue price, leading to a total market capitalization of 114.53 billion yuan [2]. Company Overview - Electric Science and Technology Blue Sky, formerly known as Tianjin Blue Sky Power Company, operates in three main business segments: aerospace power, special power, and new energy applications and services [2]. - The aerospace power segment has provided reliable power products for over 700 satellites, spacecraft, and space stations, including major national projects such as the Shenzhou spacecraft and the Tiangong space station [2]. Investment Insights - According to statistics, at the closing price of 65.94 yuan per share, eight pre-IPO investors in Electric Science and Technology Blue Sky have seen profits exceeding 1 billion yuan [2]. - The major pre-IPO investors include Electric Science and Technology Investment and CITIC Construction Investment, both of which have reported substantial returns on their investments [3][4]. Financial Performance of Investors - Electric Science and Technology Investment, a wholly-owned subsidiary of China Electronics Technology Group, invested 198.72 million yuan and achieved a floating profit of 4.44 billion yuan, resulting in a 23.34 times return on investment [3][4]. - CITIC Construction Investment contributed 164.88 million yuan, yielding a floating profit of 4.34 billion yuan, equating to a 27.32 times return [3][4]. - Other investors, such as Aerospace High-tech Venture Capital and various state-owned industrial funds, also participated in the financing round, contributing to the overall investment landscape [4].