Micro-Nano Starry Sky Innovation Board IPO has been inquired. The company has launched a total of 32 satellites.

On May 25th, Beijing MicroNano Space Technology Co., Ltd. (referred to as MicroNano Space) applied for a change in the listing review status of the Shanghai Stock Exchange's Science and Technology Innovation Board to "inquired", with Guotai Haitong as its sponsoring institution, proposing to raise 5 billion yuan. MicroNano Space is a comprehensive commercial aerospace enterprise in China that has been engaged in the research, development, manufacturing, sales, and integrated delivery of high-performance, high-reliability, and intelligent commercial satellites, aiming to become a service provider for space new infrastructure and a driver of China's commercial aerospace innovation ecosystem. As of May 11th, the company has already launched a total of 32 satellites. The company's developed and under-development satellite types cover communication satellites such as low-orbit broadband internet communication, IoT communication, remote sensing satellites such as optical imaging, SAR imaging, meteorological detection, electromagnetic spectrum monitoring, navigation enhancement satellites, and scientific experiment satellites for different purposes, making it one of the few commercial satellite manufacturing companies in China with the ability to develop and produce low-orbit remote sensing, communication, and navigation enhancement satellites on a preliminary batch basis. The company leads in comprehensive indicators such as accumulated satellite launches, satellite development capabilities, satellite product types, and industry chain service capabilities among private commercial satellite industries in China. The research, manufacturing, and related technical services of commercial satellites and their components are the company's core business. Since the inception of China's commercial aerospace industry, rapid delivery of high-performance, reliable, and cost-effective commercial satellites has been a significant bottleneck hindering industry development. MicroNano Space has developed standardized satellite platforms and payload product systems, accelerated satellite development systems, and flexible satellite production systems through key technological breakthroughs and infrastructure investments, enabling the rapid development and delivery of high-performance, reliable, and cost-effective commercial satellites. In the field of communication satellites, MicroNano Space has launched a certain type of technical verification satellite for the national satellite internet project, which is significant in verifying China's satellite broadband communication technology and promoting the batch production of low-orbit communication satellites; in the field of remote sensing satellites, the company is one of the few commercial satellite enterprises in the industry with capabilities for high-resolution optical and SAR remote sensing satellite development and is involved in multiple major defense development projects; in the field of navigation satellites, the navigation enhancement satellites developed by the company have features such as high positioning accuracy, low latency, and support for inter-satellite communication networking, applicable in high-precision navigation positioning scenarios such as intelligent driving, drone delivery, and high-precision mapping. The total amount of funds raised from this issuance will be used for the following projects after deducting issuance expenses: In terms of finances, the company is expected to achieve operating income of approximately 51.08 million yuan, 40.078 million yuan, and 385 million yuan respectively in the years 2023, 2024, and 2025; during the same period, the net profits are expected to be approximately -600 million yuan, -312 million yuan, and -181 million yuan respectively.