2025年政府工作报告中, 明确提出要培育壮大新兴产业、未来产业，深入推进战略性新兴产业融合集群发 展，并开展新技术新产品新场景大规模应用示范行动，推动商业航天等新兴产业安全健康发展。这是继2024 年"商业航天"首次写入政府工作报告后，政策支持力度进一步加码的标志性信号。 商业遥感卫星是我国航空航天体系的重要分支。近年来在政策支持、技术创新和市场需求的多重推动下，正 处于快速发展的黄金阶段。国家积极出台一系列政策，鼓励民间资本广泛参与商业遥感卫星的研制、发射和 运营，这一举措有力地推动了行业朝着市场化和专业化方向迈进。 在政策的引导下和市场发展下，中国商业遥感卫星行业已逐渐形成了完整的产业链。 商业遥感卫星产业链主要分为三个关键环节。上游主要包括商业遥感卫星制造、发射及地面设备制造商，他 们是整个产业链的基石，承担着卫星硬件设施的生产与搭建任务。中游为商业遥感卫星运营商，主要负责提 供卫星遥感数据服务、相关技术服务，以及开发出售基于卫星遥感数据的软件，是连接上下游的关键纽带。 下游则是应用领域，其范围极为广泛，涵盖了气象观测、国土测绘、海洋观测、灾害监测、环境监测等诸多 领域，为各行业提供了重要的数据支持与 ...

Industry Overview - Remote sensing satellites are defined as application satellites that utilize sensors onboard to detect the Earth's surface and lower atmosphere for information gathering. They can operate in orbit for several years and cover specified areas continuously when in geosynchronous orbit [1][2]. - The remote sensing satellite system consists of two main components: the satellite platform and the payload system, which includes various subsystems such as power units, antennas, and control electronics [1]. Industry Chain Analysis - The upstream of the commercial remote sensing satellite industry includes satellite manufacturing, launch services, and ground equipment manufacturing. Manufacturing involves materials, chips, and propulsion systems, while launch services cover rocket development and delivery [5][6]. - The midstream consists of commercial remote sensing satellite operations, primarily involving ground operators and data operators who sell data products and provide service solutions [6][8]. - The downstream application areas are divided into B-end (government and enterprises) and C-end (consumers), with various information products and services distributed to users [6][8]. Industry Development History - The Chinese commercial remote sensing satellite industry has evolved from non-existence to a significant presence, driven by policy support since 2014. The establishment of companies like Changguang Satellite Technology marked the beginning of commercial remote sensing in China [10][11]. - The period from 2015 to 2019 saw rapid development, with the emergence of private companies and significant projects like the "Beijing No. 2" satellite [11]. - Since 2020, the industry has entered a phase of large-scale commercialization, with numerous companies announcing satellite constellation and launch plans [11]. Industry Policy Background - The importance of satellite remote sensing has been emphasized in national strategies, with various supportive policies introduced to promote the industry and its applications [15][16]. Current Industry Status - China has seen a significant increase in remote sensing satellite launches, with 105 satellites launched in 2022, surpassing the US for the first time. In 2023, over 160 satellites were successfully launched [19][22]. - By the end of 2023, China had more than 323 commercial remote sensing satellites in orbit, with a diverse range of data types and enhanced capabilities [22][27]. Commercial Remote Sensing Satellite Market - The market for commercial remote sensing satellites in China has been steadily growing, driven by policy support, technological advancements, and diverse market demands. The industry scale exceeded 270 billion yuan in 2023, with direct benefits surpassing 50 billion yuan [26][27]. - The commercial operation models include self-owned satellite operators who develop and launch their satellites and those who purchase data for processing and resale [23][26]. Competitive Landscape - The commercial remote sensing satellite industry features a mix of cooperation and competition among companies. The competitive landscape is dynamic, influenced by manufacturing cycles, application demands, and market evaluations [28][29]. - The first tier of competition includes leading companies with comprehensive capabilities across the industry chain, while the second and third tiers focus on specific operational models and data services [28][29]. Future Industry Trends - The market for remote sensing satellites is expected to grow at around 10% annually, potentially exceeding 37.2 billion yuan by 2030, driven by increasing applications in various sectors [32][35]. - Future trends include technological innovations in satellite miniaturization, high-resolution imaging, and AI data processing, alongside expanding applications in agriculture, environmental monitoring, and disaster management [35].

Core Viewpoint - The article emphasizes the development of "spatiotemporal intelligence" through the integration of AI, big data, and remote sensing technologies, aiming to create a trillion-level industry that supports sustainable development goals [1][4]. Group 1: Technological Advancements - The integration of high-throughput communication satellites, optical remote sensing satellites, radar satellites, and BeiDou positioning satellites is creating a comprehensive spatiotemporal intelligence system [1][4]. - The "Oriental Eye" intelligent remote sensing constellation aims to launch 252 satellites by 2030, including 100 radar satellites and 144 high-resolution optical satellites, to achieve comprehensive and real-time monitoring of the Earth's ecological environment [5][6]. Group 2: Applications in Various Fields - Remote sensing satellites are increasingly utilized in agriculture, environmental protection, smart cities, and emergency response, enhancing monitoring capabilities and operational efficiency [6]. - AI-driven systems are being developed to automate tasks such as irrigation, fertilization, and pest control in agriculture, significantly improving productivity [6]. Group 3: Future Prospects - The article highlights the potential for spatiotemporal intelligence to facilitate the sustainable development of human and natural resource relationships, creating significant economic opportunities [4][6]. - The development of a real-time service system for spatiotemporal information is expected to enhance the efficiency and effectiveness of various industries, contributing to societal progress [6].

文/西风 12月4日晚上，上交所公布对长光卫星技术股份有限公司科创板IPO终止审核的决定，直接原因是公司及保荐机构海通证券撤回申报。公司IPO于2022年12月23日获 得受理，2023年5月17日公布首轮问询的回复，并分别于2023年12月27日、2024年6月29日公布首轮问询回复的更新版（2023年半年报财务数据更新、2023年报财 务数据更新）。公司本次IPO拟募资26.83亿元。 公司注册地吉林长春。公司前身有限公司成立于2014年12月，2022年1月整体变更为股份公司。目前注册资本19.7059亿元。公司无控股股东、无实际控制人。 一、我国第一家全产业链商业遥感卫星公司 公司专注于商业航天领域，是我国第一家集卫星研发制造、运营管理和遥感信息服务于一体的全产业链商业遥感卫星公司。报告期收入来自卫星遥感信息服务、 卫星制造及相关服务。截至2022年6月30日，公司拥有54颗在轨遥感卫星。自2022年7月1日至本招股说明书签署日期间，公司新增19颗在轨遥感卫星，退役1颗卫 星，整体达72颗在轨遥感卫星。 | | | | | 里V: 月元 | | --- | --- | --- | --- | --- ...