Huace Navigation: the company is currently not involved in upstream activities such as rockets and satellites.

Huace Navigation stated during an institutional research on May 21 that the company's main business is the research and development, manufacturing, integration, and industrial application of core technologies, products, and solutions related to high-precision navigation positioning. In terms of the development of cutting-edge industries such as commercial aerospace, the company will combine its own technological accumulation and market conditions to keep track and research. The company is currently not involved in the upstream sectors such as rockets and satellites, but has had some preliminary technological and business cooperation with enterprises engaged in satellite constellation operation and data application services. Although the revenue contribution is still small, the company's future business areas are expected to benefit from downstream applications of satellite internet.