Core Viewpoint - Beijing Xinghe Power Aerospace Technology Co., Ltd. has initiated the listing guidance process, indicating its intention to go public and expand its operations in the commercial aerospace sector [1]. Group 1: Company Overview - Beijing Xinghe Power Aerospace was established on February 6, 2018, with a registered capital of 433 million yuan [2]. - The legal representative of the company is Liu Baiqi, who, along with Liu Jianshe, acts as a concerted party controlling 32.36% of the company's shares, making them the actual controllers [2]. - The company is recognized as a leading player in the domestic commercial aerospace technology industry, providing efficient and reliable launch services, advanced aerospace equipment manufacturing, high-performance product support, and comprehensive solutions in engineering, technology, safety, and system integration [1][2]. Group 2: Listing Guidance Details - The listing guidance was initiated with Huatai United Securities Co., Ltd. as the advisory institution [1][3]. - The guidance agreement was signed in October 2025, indicating a structured approach towards the company's public offering [3]. - The guidance will include understanding the significance of the process, basic knowledge of the securities market, and a comprehensive study of relevant laws and regulations, including the Company Law and Securities Law [4][5].

Core Viewpoint - A new commercial aerospace company, Beijing Xinghe Power Aerospace Technology Co., Ltd., has initiated the listing guidance process, indicating a growing trend in the commercial aerospace sector in China [1] Company Overview - Beijing Xinghe Power Aerospace was established on February 6, 2018, with a registered capital of 433 million yuan [1] - The legal representative of the company is Liu Baiqi, who, along with Liu Jianshe, acts as a concerted party controlling 32.36% of the company's shares, making them the joint actual controllers [1] Industry Position - The company is recognized as a leading player in the domestic commercial aerospace technology sector [1] - It provides efficient and reliable launch services, advanced aerospace equipment manufacturing, high-performance product support, and comprehensive solutions in engineering, technology, safety, and system integration for clients in the aerospace field [1]