CASC's satellite completes 160 million yuan Series A financing.

Recently, Hunan Hangsheng Satellite Technology Co., Ltd. announced that it has completed a 160 million yuan Series A financing. This round of financing was jointly participated in by funds under Jigang Group, listed company Yunzhongma, and other well-known institutions. The raised funds will mainly be used for the construction of Hangsheng Satellite's core team, the expansion of satellite production lines, the research and development of high-performance satellites, and the improvement of satellite product spectrum, in order to further enhance the company's comprehensive service capabilities in the fields of component matching, satellite manufacturing, and constellation construction.