
CG Satellite
The first commercial remote sensing satellite company in China.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor investor investor investor investor | €0.0 | round |
N/A | €0.0 | round | |
$375m | Growth Equity VC | ||
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Chang Guang Satellite Technology (CGSTL) is a commercial remote sensing satellite company that has established a comprehensive, end-to-end industrial chain encompassing satellite research and development, manufacturing, operational management, and remote sensing information services. The company was founded on December 1, 2014, as a spin-off from the Changchun Institute of Optics, Fine Mechanics and Physics (CIOMP) of the Chinese Academy of Sciences. It was established through a joint investment by the Jilin provincial government, CIOMP, and social capital.
The company's chairman and general manager is Dr. Xuan Ming, who has been a pivotal figure since its inception. His journey with satellite technology began back in 2005 at CIOMP, where he led a team to tackle the complexities of developing complete satellites, moving beyond just creating optical payloads for national projects. This ambition culminated in the establishment of CGSTL, with Dr. Xuan leading the charge. Under his guidance, the company has overcome key technological hurdles in integrated satellite design, advanced optical imaging, and intelligent management of large-scale constellations.
CGSTL's core business revolves around its proprietary "Jilin-1" satellite constellation, which marked China's entry into commercial satellite applications with its first launch of four satellites on October 7, 2015. This constellation provides high-resolution, high-frequency remote sensing data to a diverse client base. The business model integrates high-end equipment manufacturing with information services, offering products like satellite imagery, UAV imagery, and various satellite components. Revenue is generated from the sale of these remote sensing data products and comprehensive spatial information services to sectors including land security, geographic mapping, agriculture, forestry, environmental protection, and smart city planning.
The "Jilin-1" constellation is a sophisticated array of satellites offering multi-spectral, video, nighttime, and red-edge spectral data with resolutions as fine as 30cm. This enables capabilities such as daily revisits of any location on Earth, providing valuable insights for applications like monitoring urban development, agricultural yields, and disaster response. A significant milestone was the "1 arrow 41 stars" launch, which expanded the constellation to over 100 satellites, creating the world's largest sub-meter commercial remote sensing satellite network. The company's services also include providing access to its data through an internet-based platform, aiming to serve a global market.
Keywords: remote sensing, Earth observation, Jilin-1 constellation, satellite imagery, geospatial data, satellite manufacturing, commercial aerospace, high-resolution imaging, remote sensing services, satellite data analytics, environmental monitoring, agricultural technology, smart city solutions, disaster management, optical satellites, satellite components, UAV imaging, space technology, Chang Guang Satellite, CGSTL