Core Points - China Long March Rocket Co., Ltd. is seeking financing, with a total fundraising amount to be formally disclosed by November 5 [1] - The company was established in 1998 with a registered capital of 219 million yuan and serves as a commercial rocket launch platform under China Aerospace Science and Technology Corporation [1] - In 2024, China is expected to conduct 68 space launches, accounting for approximately 25.8% of global orbital rocket launches, with Long March rockets being the backbone of this effort [1] Financial Performance - Long March Rocket's revenue for 2022, 2023, and 2024 is projected to be 379 million yuan, 510 million yuan, and 598 million yuan respectively, while net profits for the same years are 10.49 million yuan, 16.73 million yuan, and a loss of 68.31 million yuan [2] - As of the end of 2024, the company's total assets are expected to be 1.292 billion yuan, with total equity at 435 million yuan [2] Industry Context - The commercial space sector in China is experiencing significant capital interest, with total financing exceeding 20 billion yuan in 2024, marking a historical high [2] - Notable recent financing events include Starship Glory's 700 million yuan in D+ round funding and Star River Power's 2.4 billion yuan in D round funding [2] - The Aerospace Science and Industry Corporation is also undergoing changes, with a 30.66% stake in Aerospace Science and Industry Rocket being put up for transfer, indicating potential shifts in control [3]