Core Viewpoint - Tianyi Space Technology Co., Ltd. has completed the IPO counseling filing with the Hunan Securities Regulatory Bureau, marking a significant step in its growth trajectory [1] Group 1: Company Overview - Tianyi Space, also known as Tianyi Research Institute, was established in January 2016 and underwent a corporate restructuring in 2025, changing its name from "Changsha Tianyi Space Technology Research Institute Co., Ltd." to "Tianyi Space Technology Co., Ltd." [1] - The company is a leading operator of Synthetic Aperture Radar (SAR) satellite constellations in China, with a founding team primarily from the Chinese Academy of Sciences [1] - The major shareholder and founder, Yang Feng, directly holds 9.72% of the company's shares and controls a total of 30.15% through employee stock ownership plans and concerted actions [1] Group 2: Business Achievements - Over its nine years of operation, Tianyi Space has executed 20 space missions and successfully launched 37 satellites, including China's first commercial SAR satellites [2] - The company has achieved business-level InSAR interferometric imaging capabilities, enabling millimeter-level ground deformation monitoring and providing high-quality, controllable commercial SAR data services [2] Group 3: Financing - Since its inception, Tianyi Space has completed 10 rounds of equity financing, with publicly disclosed rounds totaling over 400 million yuan [2] - In December 2025, the company completed its D+ round of financing, introducing new shareholders such as Wuxi Liangxi Science and Technology Innovation Industry Investment Fund, although the amount raised was not disclosed [2]