Xin Lang Cai Jing·2026-02-10 12:42Core Viewpoint - Electric Science Blue Sky has successfully listed on the Sci-Tech Innovation Board, marking the first aerospace IPO of the year, with a significant first-day increase of 596.3% from its issue price [2][8]. Company Overview - Electric Science Blue Sky, formerly known as Tianjin Blue Sky Power Company, specializes in aerospace power, special power, and new energy applications and services. Its aerospace power segment has provided reliable power products for over 700 satellites, spacecraft, and space stations involved in major national and defense projects [2][8]. Investment Performance - The estimated closing price of 65.94 CNY per share indicates that eight pre-listing investors have achieved profits exceeding 1 billion CNY, with notable returns from Electric Science Investment and CITIC Construction Investment [2][8]. - Electric Science Investment, a wholly-owned subsidiary of China Electronics Technology Group, holds a 48.97% stake in Electric Science Blue Sky, with additional indirect holdings through other entities [3][9]. Financial Returns - Electric Science Investment invested approximately 198.72 million CNY, yielding a profit of 4.44 billion CNY, resulting in a return of 23.34 times [4][10]. - CITIC Construction Investment contributed around 164.88 million CNY, achieving a profit of 4.34 billion CNY, equating to a return of 27.32 times. Another entity under CITIC, invested 5 million CNY, with a profit of 1.12 billion CNY, yielding a return of 23.34 times [4][11].