Changguang Satellite Technology Co., Ltd. completed an equity financing round of nearly 5 billion RMB in July, co-led by Changfa Group and Lushi Investment, with participation from Chengtong Fund and Dongfang Asset Management. This marks the second-largest single-round financing in China's commercial satellite and constellation sector. Proceeds will accelerate satellite batch production capabilities, advance the Jilin-1 satellite constellation networking, and deepen remote sensing data application development. Jilin-1 has built the world's largest sub-meter commercial remote sensing satellite constellation, with 161 satellites launched and 152 effectively in orbit. The company aims to have 300 satellites in orbit providing global all-weather coverage by end of 2027. The lightweight manufacturing demand for satellite structural components and antenna brackets will continue to drive procurement of aluminum alloy and titanium alloy metal powders for additive manufacturing.