Group 1 - Jiangsu Yixin Aerospace Technology Co., Ltd. (Yixin Aerospace) has initiated the IPO process on the A-share market, with the China Securities Regulatory Commission (CSRC) confirming its listing guidance on August 1 [1] - Yixin Aerospace, founded in 2018, focuses on the research and production of small satellite communication payloads and measurement control products, catering to commercial satellite internet and IoT needs [1] - The company has delivered over 500 sets of aerospace electronic products and its satellite IoT payloads have been applied in multiple domestic satellite IoT constellations, processing over 10 billion messages annually [1] Group 2 - The CSRC has recently introduced policies to support the listing of unprofitable companies in the Sci-Tech Innovation Board, particularly in cutting-edge sectors like commercial aerospace [2] - The commercial aerospace industry in China is transitioning from the introduction phase to the growth phase, with significant increases in rocket launch frequencies expected in the next three to five years [2] - Analysts predict that 2025 will mark a turning point for China's commercial rocket industry, driven by the deployment of low Earth orbit communication constellations [2]