Chang Guang Satellite raises nearly CNY5 billion
Changfa Group and Lushi Investment co-led the equity financing.
Chang Guang Satellite Technology announced nearly CNY5 billion in equity financing on July 4, 2026, co-led by Changfa Group and Lushi Investment. Chengtong Fund, China Orient Asset Management, Haitong Innovation and Shenzhen Capital Group also participated.
The company will expand satellite manufacturing, build out its Jilin-1 constellation and develop remote-sensing applications for customers across industries.
Use of funds
Expand satellite manufacturing
Build out Jilin-1 constellation
Develop remote sensing applications