Core Viewpoint - Blue Arrow Aerospace Technology Co., Ltd. has initiated the listing guidance process with the Beijing Securities Regulatory Bureau, supported by China International Capital Corporation, marking a significant step in its growth trajectory in the aerospace industry [1][2]. Company Overview - Blue Arrow Aerospace was established on June 1, 2015, with a registered capital of 360 million yuan [2]. - The company is headquartered in Beijing Economic and Technological Development Zone and is primarily focused on developing and operating aerospace transportation systems [2]. - The controlling shareholder is Zhang Changwu, who holds 14.68% of the company's shares through Huai'an Tianhui Technology Information Consulting Center (Limited Partnership) [2]. Industry Position - Blue Arrow Aerospace is recognized as the first private rocket enterprise in China to obtain all necessary qualifications and successfully achieve orbit with a self-developed liquid engine [2]. - The company completed China's first private rocket launch on October 27, 2018, and successfully launched the world's first liquid oxygen-methane rocket, Zhuque-2, in July 2023, demonstrating China's mastery of key technologies in this area [2][3]. Recent Developments - In December 2024, the National Manufacturing Transformation and Upgrade Fund invested 900 million yuan in Blue Arrow Aerospace [3]. - In June 2023, Blue Arrow Aerospace was valued at 20 billion yuan, ranking 418th on the 2025 Global Unicorn List [3]. - The company marked a significant milestone by rolling out its 100th Tianque series liquid oxygen-methane rocket engine in April 2025, indicating a transition from single-unit breakthroughs to mass production [3]. - On June 20, 2025, Blue Arrow Aerospace successfully conducted a test of the first-stage power system for its reusable Zhuque-3 rocket [3].