Group 1 - Shandong Microwave Electric Vacuum Technology Co., Ltd. has completed its first round of equity financing, focusing on market demand and product delivery with the raised funds [1] - The company was established in 2019 to transform and industrialize key components for national satellite projects, specifically space traveling wave tubes and amplifiers [2] - The company has developed a mixed-ownership structure that combines state-owned capital with employee and research team shareholding, fostering innovation and breaking traditional state-owned enterprise constraints [2] Group 2 - Shandong Microwave Electric has achieved domestic leadership in lightweight and miniaturized technology for space traveling wave tubes, significantly reducing product weight and size compared to industry standards [3] - The company has automated key production processes, becoming the fourth domestic manufacturer of space traveling wave tubes, following major institutions [3] - The company has established a comprehensive innovation system that includes research, development, and production of advanced products, with successful deliveries already made to the Shanghai Micro Satellite Engineering Center [4]