Chang Guang Satellite completes nearly RMB 5 billion equity financing

According to reports, Chang Guang Satellite has completed nearly 5 billion yuan in equity financing. This round of financing was jointly led by Changfa Group and Lushi Investment, with active participation from well-known investment institutions such as Chengtong Fund and China Orient Asset Management, and continued follow-up investment from existing shareholders such as Haitong Innovation and Shenzhen Venture Capital. It is understood that the raised funds will be precisely invested in three core directions: first, to accelerate the construction of satellite mass production capacity and improve large-scale manufacturing efficiency; second, to continuously promote the constellation construction of the "Jilin-1" satellite project and consolidate the high-resolution data acquisition capability; third, to deepen the application development of remote sensing data and expand scenario-based solutions for multiple industries. (Sci-Tech Innovation Board Daily)