CAS Xiguang Aerospace 2023 New Year's Address

The journey is long and arduous for those who persevere.

Business Development

In the extraordinary and challenging year of 2022, CAS Xiguang Aerospace rose to the challenge and forged ahead with determination, striving hard in the increasingly fierce competition of the commercial aerospace market and achieving a remarkable 93% increase in annual sales.

Science and technology are the foundation of strength, and innovation is the soul of progress. Through continuous efforts, CAS Xiguang Aerospace has been deeply engaged in technological research and adhered to the path of technological innovation. It has independently developed and completed the experimental remote sensing constellation satellite XIGUANG-002, the customized Xiamen city satellite XIGUANG-003, and put into operation the methane monitoring remote sensing satellite XIGUANG-004, thus accelerating the construction and layout of CAS Xiguang Aerospace's 108-satellite remote sensing constellation.

On January 9, 2023, the launch mission of the hyperspectral satellite "Xiamen Science and Technology No. 1" XIGUANG-003, customized by CAS Xiguang Aerospace for urban application services in Xiamen, was a complete success, achieving a new breakthrough for CAS Xiguang Aerospace in commercial launches.

Following its successful launch, the satellite has successfully transmitted clear first images, its payload is functioning normally, its attitude is stable, and its operational status is good. Satellite operation and data application services are proceeding in an orderly manner, laying a solid foundation for our company to provide high-quality hyperspectral remote sensing services to various industries and regions.

On January 13, the Experimental 22B satellite, supported by CAS Xiguang Aerospace, was successfully launched aboard a Long March 2D carrier rocket, ushering in a new era of high-quality development for the company.

Faced with the new situation of fierce competition, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD strives to achieve innovative breakthroughs, actively creates a new landscape for business development, comprehensively lays out new sectors such as aerospace science education and research, signed an education service cooperation agreement with Airport No. 1 School, established a satellite science popularization education base for teenagers, and outlined a brand-new blueprint for the "aerospace+" industrial chain.

With shared aspirations, we will overcome mountains and seas and move forward together.

Investment and Financing

Entering the commercial aerospace arena, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD has attracted the attention of numerous investors thanks to its years of accumulated technological R&D strength. In its founding year, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD became the first investee company of the Shaanxi Science and Technology Innovation Aerospace Seed Investment Fund, and also received strong support from the seed fund's shareholders, accelerating the effectiveness and precision of Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD's connection with the capital market. In 2022, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD overcame various impacts brought about by the pandemic, successfully launched its Series A financing, and completed nearly 100 million yuan in financing by the end of the year. The lead investors included well-known domestic institutions and private equity firms with industry backgrounds such as Xi'an High-tech Industry Venture Capital Co., Ltd., Chengdu Science and Technology Innovation Investment Group Co., Ltd., Xi'an Caijin Science and Technology Innovation Angel Fund, and Hainan Xuanyou Private Equity Fund Management Partnership. Currently, the company's overall valuation is nearly 1 billion yuan. The powerful support from multiple investment and financing institutions is a key pillar for Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD's steady progress and quality improvement, and a core strength for our future success.

True friendship knows no distance; even thousands of miles apart, we are still neighbors.

Partners

On its development path in 2022, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD, based on unity and taking pride in innovation, moved forward hand in hand with many partners, including PICC Property & Casualty Insurance, Wenchang International Aerospace City Administration, Orbita Aerospace, National Military-Civilian Integration Fund, CAS Yangtze River Delta Capital, Huaxi Jinzhi, Founder Hesheng, and Qingshi Capital, to raise the sails of mutual benefit and win-win cooperation, steer the ship of unity and cooperation, and share new opportunities for cooperative development.

A thousand rivers flow into the vast sea, and a favorable wind propels the sails.
Industrial development

The vigorous development of enterprises is inseparable from a fertile industrial environment. In July 2022, Xi'an Airport New City of Xixian New Area and Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD officially signed an agreement with a total investment of 1.5 billion yuan. Since settling in the airport area, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD has fully relied on the high-quality business environment of Xixian New Area and the Qinchuang Original Innovation-driven platform, and has received a number of preferential policies and high-quality all-round support from the Airport New City government. It has continuously promoted the construction of its corporate headquarters, satellite manufacturing and satellite telemetry and control center and satellite production line, and successfully completed the launch of the "Xiamen Science and Technology No. 1" XIGUANG-003 satellite. At present, the company's corporate headquarters and satellite telemetry and control and R&D center have been put into use.

As we welcome the Spring Festival, with its vast landscapes and promising future, and embark on a bright new journey, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD is poised to stride confidently into the new year with unwavering dedication. Leveraging its technological advantages, seizing new industry opportunities, and exploring new market resources, Xi'an Institute of Optics and Precision Mechanics CAS Aerospace Science and Technology Group Co.,LTD will wholeheartedly commit to satellite product development, vigorously advance the construction of its remote sensing constellation, and comprehensively develop the entire commercial aerospace industry chain. On this new journey, we will forge ahead steadily and surely, striving to build a first-class commercial aerospace enterprise group in my country, and writing a new chapter in the history of my country's commercial aerospace industry through continuous progress!