On April 24th, which coincided with the 11th China Space Day, China's commercial space sector has successfully built a comprehensive industrial chain, covering "launch vehicles, satellites, networks, terminals, and testing," with the number of participating enterprises exceeding 600. Taking Shanghai as a prime example, commercial space enterprises have experienced a notable increase in orders across various domains, including satellite manufacturing, rocket support, satellite applications, and more. This surge is propelling the industry onto a fast track towards large-scale development and performance realization.

Wei Ran, the general manager of a satellite manufacturing enterprise based in Shanghai, disclosed that the company has ambitious plans to launch approximately 18 satellites in 2026 and over 50 in 2027. Notably, current orders have already been secured through to 2028. In terms of revenue, the company projects to reach RMB 50 million in 2025 and double that figure to RMB 100 million in 2026. Presently, China boasts more than 800 commercial satellites in orbit, with a cumulative order backlog across the entire industrial chain surpassing RMB 100 billion. Some enterprises have even scheduled their production plans until 2027-2029.

Furthermore, commercial space enterprises are actively engaging with the capital market. In 2025, total industry financing is expected to reach approximately RMB 18.6 billion, marking a 32% year-on-year increase. More than ten enterprises have embarked on IPO processes, spanning multiple sectors, including rockets and satellite manufacturing, thus showcasing the industry's robust growth and financial vitality.