Group 1 - The commercial aerospace innovation company, Orbit Chuangguang, has completed its first and additional round of financing totaling 140 million RMB [1] - The additional round was exclusively invested by Shunhao Co., Ltd. with 110 million RMB, while the first round included 20 million RMB from Lenovo Venture Capital's Lenovo SME Fund and 10 million RMB from team co-investment [1] - Orbit Chuangguang focuses on the "926 Project," which involves the construction and operation of a giant computing satellite constellation [1] Group 2 - The financing will support the company's advancement in commercial aerospace technology research and satellite constellation deployment, enhancing its competitiveness in the aerospace field [1] - The Chinese commercial aerospace industry is at a dual inflection point of "technological breakthroughs" and "scale explosion," with significant progress in reusable rockets, satellite internet, and laser communication terminals [1] - The market demand for satellite communication, remote sensing, and navigation applications is accelerating, with low-orbit constellation networking driving growth in satellite manufacturing and ground terminal sectors [1] Group 3 - The Chinese government has prioritized commercial aerospace as a key emerging industry, accelerating the construction of satellite internet constellations [1] - By 2025, China plans to launch 700-800 low-orbit satellites, representing an increase of over 10 times compared to 2024 [1] - The market size for the commercial aerospace industry is expected to exceed 2.8 trillion RMB this year [1] Group 4 - Shanghai Hanxun is a supplier of communication subsystems for the Qianfan constellation and a core research unit for the G60 constellation payload, responsible for the communication subsystem's support and development [2] - Shaanxi Huada has three major product categories applied in the commercial aerospace field, holding a leading position in the industry and contributing to the successful implementation of national key aerospace projects like Xingwang and Qianfan constellations [2]