According to the official website of the China Securities Regulatory Commission, Beijing Xinghe Power Aerospace Technology Co., Ltd. (hereinafter referred to as "Xinghe Power Aerospace") officially launched listing guidance on October 22, with Huatai United Securities Co., Ltd. serving as the guidance agency.
Xinghe Power Aerospace was established in February 2018, mainly engaged in commercial space launch business. Its core products include the "Ceres" series of small solid launch vehicles and the "Zhishenxing" series of medium reusable liquid launch vehicles.
The legal representative of the company is Liu Baiqi. Liu Baiqi and Liu Jianshe are concerted action persons, directly holding and indirectly controlling 32.36% of the company's shares, and are the joint actual controllers of the company.
According to public information, Xinghe Power Aerospace successfully completed its Series D financing in September 2025, with a total financing amount of 2.4 billion yuan.
Up to now, the company has successfully completed 20 rocket launches and launched a total of 85 satellites for 27 commercial satellite customers. The company is focusing on building a new generation of reusable medium to large liquid launch vehicles to meet the needs of tasks such as giant constellation networking, deep space exploration, and commercial manned missions.
On October 17th, the commercial rocket "unicorn" Jiangsu Tianbing Aerospace Technology Co., Ltd. completed its IPO counseling filing with the Jiangsu Securities Regulatory Bureau, and the counseling agency was CITIC Securities.
