Core Viewpoint - Zhongke Aerospace Technology Co., Ltd. has completed its IPO counseling filing, marking its entry into the public market as a private commercial launch vehicle company [1][2] Company Overview - Zhongke Aerospace was established in December 2018 and focuses on the development of medium to large series rockets, customized space launches, suborbital scientific experiments, and space tourism [1] - The company is incubated by the Institute of Mechanics, Chinese Academy of Sciences, with its major shareholders being Beijing Pengyi Junlian Space Technology Center (27.75% stake) and Beijing Zhongke Lisen Technology Co., Ltd. (100% owned by the Institute of Mechanics) [1] Leadership - The founder, Yang Yiqiang, has over 30 years of experience at the China Academy of Launch Vehicle Technology and has held key positions in the development of China's first air-launched and solid-fueled rockets [1] Market Position - Zhongke Aerospace's Lijian-1 rocket has successfully completed six launch missions, placing 63 satellites into orbit with a total payload mass exceeding 6 tons, making it the only commercial rocket in China capable of continuous launches with over 1-ton payloads [2] - As of 2023, Zhongke Aerospace holds the top market share in the commercial rocket launch service sector [2] Financial Performance - In 2024, the company is projected to achieve revenue of 243 million yuan, but it is also expected to incur a significant loss of 748 million yuan, reflecting the common industry trend of high investment and slow returns [2] Strategic Partnerships - Prior to its IPO, Zhongke Aerospace signed a strategic cooperation agreement with Guangzhou Bank, which granted an indicative credit line of 2 billion yuan to support the company's aerospace product development, manufacturing, and operational management [2]