Group 1 - The 2025 Shenzhen (Luohu) Aerospace Industry Conference and Cangyu Space-based Global Capability Release Conference was successfully held, marking a key step for Cangyu Space-based (Beijing) Information Communication Technology Co., Ltd. in implementing its strategic plan [1] - Cangyu Space-based officially released its information system service capabilities, terminal model, and data transmission specifications to global users, with plans to launch the first GEO satellite in 2026 as part of a constellation of 13 satellites for global all-weather coverage [1] - Cangyu Space-based signed cooperation agreements with Luohu District's industrial departments, commercial satellite companies, and ecological partners to accelerate the construction of an innovative cluster for space-based relay communication [1] Group 2 - Luohu District has introduced unprecedented support policies, including a special support plan of "three 20 million" to foster the aerospace industry ecosystem [2] - A capital empowerment strategy has been established, mobilizing over 58 billion yuan in industry funds, including a 30 billion yuan government-guided fund participating in 13 new strategic funds totaling 506 billion yuan [2] - The district aims to add over 20 large-scale enterprises in the low-altitude aerospace field by 2025, promoting deep integration of the aerospace industry with the digital economy [2]

Core Insights - The 2025 Shenzhen (Luohu) Aerospace Industry Conference and Cangyu Space-based Global Capability Launch was held, marking the initiation of the world's first high-orbit commercial relay satellite project [1][4] - Cangyu Space, a leading enterprise in commercial aerospace, aims to fill the gap in China's data relay satellite system market by establishing a global space-based information transmission system [3] Group 1: Industry Development - The conference attracted over 200 participants, including government agencies, international space organizations, industry experts, and investment representatives, focusing on accelerating the aerospace industry through technological innovation and international cooperation [1][2] - The Luohu District has chosen the aerospace industry as a key area for industrial transformation, establishing an innovation service platform that integrates resources from universities, research institutions, and enterprises [2][5] Group 2: Company Initiatives - Cangyu Space has signed contracts with Great Wall Industry Corporation and Aerospace Science and Technology Corporation for the first satellite and supporting launch vehicle, officially starting the construction of the high-orbit commercial relay satellite project [4] - The company plans to launch the Cangyu-1 high-orbit satellite by 2026, achieving 60% low-orbit coverage and 40% surface coverage, with a goal of completing a constellation of 13 satellites by 2030 for all-weather coverage [4] Group 3: Collaborative Efforts - Cangyu Space has established a research center in collaboration with Wuhan University to enhance the integration of education, technology, and talent, aligning with national reform initiatives [4] - The Luohu District is actively supporting the aerospace sector through policies, talent acquisition, capital investment, and spatial resources, aiming to foster innovation and industrialization in the aerospace field [5]