Satellite communication company Yuanxin pre-discloses capital increase plan; latest total assets amount to 10.18 billion

WealthCoffee · 2026-03-11T03:00:42+00:00

Shanghai Yuanxin Satellite Technology Co., Ltd. recently announced a pre-disclosure of a capital increase plan on the Shanghai United Assets and Equity Exchange, expecting to attract multiple national-level funds and banks to participate in the financing. The company's previous round of 6.7 billion yuan financing is scheduled to be completed in 2024, led by the China Development Bank Fund.

WealthCoffee

2026-03-11 03:00:42

Abstract generation in progress

Caixin Releases Financing Expectations. On March 9, Shanghai Yuanxin Satellite Technology Co., Ltd. (hereinafter referred to as “Yuanxin”), a satellite communication company, pre-disclosed its capital increase plan on the Shanghai United Assets and Equity Exchange. The disclosure period is 20 days, during which the company also announced its equity structure and financial situation from 2022 to the present. According to Caixin, at least three national-level funds, two major state-owned banks, and several local state-owned assets are interested in participating in this round of financing.

Yuanxin’s previous massive financing of 6.7 billion yuan was completed in February 2024, led by the China Development Bank Manufacturing Industry Transformation and Upgrading Fund. One of Yuanxin Satellite’s founding shareholders, Shanghai Lianhe Investment Co., Ltd. (hereinafter “Joint Investment”), also participated, along with co-investors including Guoke Capital, Guosheng Capital, SAIC Hengxu Capital, CCTV Media Fund, Guotai Junan, CAS Star, AsiaInfo Security, XinDing Capital, Gaoyuan Capital, Meilan Lake Investment, Jinyan Asset Management, Zhenghe Island Investment, and several other institutions.

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