Cooperation. January 2026 disclosure describes solar-array cooperation combining structural development and electrical-performance design. This is separate from the investment relationship.
Relationship source ↗Beijing Satellite Manufacturing Co., Ltd.
Original identifier: 北京卫星制造厂有限公司
CAST’s spacecraft manufacturing company. January 2026 disclosure identifies CAST as its sole owner. Records cover production roles, historical financial figures and its investment in CETC Lantian’s IPO.
Organization and business relationships
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Investment relationship. Allocated 4,223,864 shares in the February 2026 IPO. The disclosed 2.43% is a proportion of this offering’s shares, not a current ownership percentage.
Relationship source ↗Affiliation. January 2026 disclosure identifies CAST as sole owner. The CASC-to-CAST link is an institutional relationship; do not apply a 100% equity percentage to that separate link.
Relationship source ↗Disclosed plans and statements are distinguished from OrbitRabbit’s analysis. Check the meaning of every amount. An unknown value or equity stake is not zero.
Satellites and equipment
Manufacturing structural components for Queqiao
CAST identifies the company as responsible for Queqiao’s structural panels, solar-array wings, connection rings, heat pipes and full-spacecraft structural assembly. These roles do not establish ownership or operating rights.
Manufacturing structural components for Queqiao ↗Conversion to a company in 2017
An official CAST article notes the 2017 name change to Beijing Satellite Manufacturing Co., Ltd. An older academy directory name does not by itself indicate a different legal entity.
Conversion to a company in 2017 ↗Solar-array partnership roles
The disclosed partnership combines the manufacturer’s structural development with CETC Lantian’s electrical-performance design. It does not quantify satellite orders or additional production capacity.
Solar-array partnership roles ↗Investment and capital
Historical financial figures
The strategic-allocation legal opinion reports 2024 revenue of CNY 2.725bn and net profit of CNY 192m; November 2025 assets of CNY 5.995bn and net assets of CNY 2.397bn. These are not satellite-level revenue or capital expenditure.
2,725,000,000 CNY · 2024 revenue
Historical financial figures ↗Final allocation in CETC Lantian’s IPO
The listing announcement records 4,223,864 shares allocated for CNY 39,999,992.08. Its 2.43% figure uses shares issued in this offering as the denominator, not total post-IPO shares.
39,999,992.08 CNY · Final IPO allocation amount
Final allocation in CETC Lantian’s IPO ↗Analysis and further checks
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