36Kr Exclusive | An aerospace electrical system interconnection component solution provider secures tens of millions in financing, leading the niche market in terms of market share.
Author | Qiao Yujie
Editor | Yuan Silai
Yingke has learned that Qingdao Beichen Aerospace Technology Co., Ltd. (hereinafter referred to as "Beichen Aerospace") recently completed an angel round of financing worth tens of millions of yuan, exclusively invested by Yunqi Capital. Yirong Capital served as the long - term exclusive financial advisor.
Qingdao Beichen Digital Intelligence Technology Co., Ltd., a wholly - owned subsidiary of Beichen Aerospace, was established in 2014. It has long been deeply involved in the research and development of interconnection components for aerospace electrical systems, providing system engineering solutions from design to assembly.
The interconnection of electrical systems is one of the five core components of spacecraft, similar to the "nerves and blood vessels" of the human body. It undertakes key functions such as power distribution, signal transmission, measurement and control, and has high - complexity and high - reliability requirements. With the development of commercial space, deep - space exploration, and low - altitude aircraft, the design of instrument layout and electrical system interconnection (cable network) laying, as well as the supporting electrical system interconnection component products, are witnessing new demand growth.
It is understood that in the early days, Beichen Aerospace participated in the design of electrical system interconnection systems in the aerospace field as an external collaborator. It was deeply involved in the three - dimensional design work of multiple launch vehicle models, and its technology maturity is leading in the industry.
After more than a decade of accumulation, Beichen Aerospace has the ability to provide full - process one - stop services for aerospace enterprises. It can complete the entire closed - loop process from equipment configuration layout, electrical system interconnection (cable network) laying design, to production, processing, and assembly guidance. Customers only need to provide requirements and IDS interface data. Currently, the company is also the only private commercial aerospace enterprise in China that can provide full - chain services of "design - production - assembly - delivery".
Configuration of a satellite device and its electrical system interconnection network (Source: the enterprise)
In terms of the technology platform, Beichen Aerospace has self - developed the Chenshu EWIS cable network design and production management system (CSED), which can organically combine IDS data with the three - dimensional design data of spacecraft such as satellites and rockets. It uses the coordinated design and single - data - source model to achieve one - click conversion to the production link, opening up the data link between design and manufacturing and reducing the risk of information disruption in the traditional model. This system once supported a satellite project to complete the full - process design (including multiple rounds of scheme iteration) within one month, and has the ability to better adapt to the "short - cycle, fast - iteration" requirements of commercial space.
A certain model product (Source: the enterprise)
In addition to commercial space, Beichen Aerospace also serves low - altitude and drone customers. In the field of low - altitude and drones, large drones (with a payload of more than 1 ton) need to provide complete electrical system interconnection design documents during the airworthiness certification process. The traditional on - site wiring method is difficult to meet the requirements of consistency and reliability.
Beichen Aerospace provides a "turnkey" solution. It intervenes in the overall electrical system interconnection layout and drawing output from the principle design stage. By pre - fabricating the cable network and modular installation, it can improve the assembly efficiency, further ensure mass - production consistency, and reduce flight risks, providing guarantee for customers to obtain airworthiness certification.
The nerve and blood vessel network of an aircraft (Source: the enterprise)
Currently, Beichen Aerospace has a stable product delivery ability, and its revenue has been growing for many consecutive years. In 2025, its revenue reached tens of millions of yuan.
After the completion of this financing, Beichen Aerospace will further expand its production capacity, build a research and production site of about 2,000 square meters, and improve the relevant equipment configuration.
The following is an excerpt from the interview between Yingke and Man Haifeng, the founder of Beichen Aerospace (slightly edited):
Yingke: Compared with rocket and satellite general contractors forming their own teams, what pain points can Beichen Aerospace solve that they can't?
Man Haifeng: First of all, it's experience. We have been focusing on the design of electrical system interconnection since 2012. The company was established in 2014, and we have accumulated nearly 15 years of experience up to now. This long - term engineering experience is difficult for most commercial aerospace companies to make up in a short time. We have participated in hundreds of models, especially the system interconnection and configuration layout design of many national key models. This brings not only the quantity of experience but also the in - depth understanding of complex systems. For example, we have worked on many ton - level high - orbit satellites, while most current commercial space projects are mainly in the hundreds - of - kilograms level, and there is a huge difference in complexity between the two.
Secondly, it's professional division of labor. We have long been only focusing on the subdivision field of electrical system interconnection and overall layout, a bit like "specialist doctors", and are very familiar with the advantages, disadvantages, and risk points of this link.
In addition, there is a practical problem of talent. At present, there is a shortage of high - level engineering talents in the commercial aerospace field. Talents need long - term model accumulation and are difficult to solve through short - term recruitment or training.
We have output a large number of design drawings in the past, and at the same time, we have established a production system with the support of industry experts. We can not only do design but also connect to manufacturing and delivery. This set of capabilities cannot be built in a short time.
Yingke: How does Beichen Aerospace's solution specifically achieve cost optimization?
Man Haifeng: It can be understood at three levels. The first is process re - engineering. We have opened up the entire link from design to production, turning it into a supporting overall system interconnection subsystem, which we lead and execute. Customers only need to provide requirements and interface data. We complete the equipment layout and system interconnection design, and then directly transfer to production through our self - developed system. In this model, the average design cycle of a satellite project is about 3 months, and that of a rocket is about 5 months. In the fastest case, it can be completed in a few weeks. Compared with the traditional model, the overall cycle can be compressed to about one - third of the original. Time is money.
The second is large - scale procurement. The material demand for a single model is limited, and the bargaining power is weak. But since we serve multiple customers, we can conduct bulk procurement, such as cables of the same specification and professional connectors, so as to have more advantages in price and delivery cycle.
The third is the reuse of testing and tooling. In the traditional model, each model needs to be equipped with separate testing tooling. But since we serve multiple projects, we can do generalized design, improve the tooling reuse rate, and thus reduce the testing cost.
In addition, as a market - oriented company, we are more flexible in organization and mechanism. Whether it is the price system or the response efficiency, we are more elastic, which is also an important reason for our continuous cost reduction and efficiency improvement.
Yingke: In the next few years, what commercial means will Beichen Aerospace use to further reduce costs?
Man Haifeng: The "turnkey" service we are talking about now mainly covers the links directly facing customers, such as design, production, and assembly. But behind this, there is actually a whole set of upstream systems, including the supplier network, material capabilities, and manufacturing capabilities. These are the keys to determining costs. With the development of the commercial space and low - altitude industries, we will also expand these capabilities and gradually complete the entire chain. The ultimate goal is to ensure aerospace - level quality in the field of system interconnection while making the price more competitive.
Investor's view
The investor from Yunqi Capital said: We highly recognize Mr. Man Haifeng, the founder of Beichen Digital Intelligence, and the core team. The team has been deeply involved in the field of aerospace electrical interconnection for more than a decade, with profound model experience, strong engineering implementation ability, and long - term vision. It is a scarce professional leading team in the track. The company has a solid and hardcore technological foundation, self - developed the domestic CSED cable network design and production system, opened up the full - chain data closed - loop, and built a technical barrier that is difficult to replicate. As the only private manufacturer in China that provides a full - chain turnkey solution of "design - production - assembly - delivery", the company has deeply served leading customers in aerospace science and technology and commercial space. Its performance has been growing rapidly, and its market share is leading. We firmly believe that the company will fully benefit from the trends of commercial space and low - altitude economy and continue to lead the core track of aerospace electrical interconnection, relying on its advantages in technology, qualifications, customers, and production capacity.