BUSINESS

Aerospace Power System Maker Skyrockets in Shanghai Debut

Published: Feb. 11, 2026 1:28 p.m. GMT+8

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Shares of CETC Lantian Technology Co. Ltd., a Chinese developer of aerospace power systems, skyrocketed in their trading debut on Shanghai’s tech-focused STAR Market on Tuesday, reflecting bullish sentiment over prospects for a company that provided power devices for the country’s first satellite.

The stock opened at 80.88 yuan ($11.7), a 750% premium to its IPO price, before paring some gains to end the day up 596.3%, giving the company a market value of 114.5 billion yuan.

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CETC Lantian Technology’s shares surged 596.3% on their STAR Market debut, ending with a market value of 114.5 billion yuan.
The company raised 1.65 billion yuan in its IPO, mainly to expand aerospace power system production; key clients are state-owned enterprises.
In H1 2025, it earned 65.3 million yuan in net profit on 1.1 billion yuan revenue, with 70% from aerospace power systems and rising accounts receivable due to state clients’ payment cycles.

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Who’s Who

CETC Lantian Technology Co. Ltd.: CETC Lantian Technology Co. Ltd. is a Chinese developer of aerospace power systems, tracing its roots to the 18th Institute of China Electronics Technology Group Corp. Its power systems are primarily used in spacecraft and satellites; the company provided devices for China's first satellite. Established in 1992 and headquartered in Tianjin, it also develops lithium-ion batteries and fuel cells.

China National Nuclear Corporation Capital Holdings Co. Ltd.: China National Nuclear Corporation Capital Holdings Co. Ltd. (中国核工业集团资本控股有限公司) is a strategic investor in CETC Lantian Technology Co. Ltd. They contributed approximately 300 million yuan to CETC Lantian Technology's IPO, demonstrating their support for the aerospace power system developer.

Aerospace CH UAV Co. Ltd.: Aerospace CH UAV Co. Ltd. (航天彩虹无人机股份有限公司) is one of the strategic investors that contributed approximately 300 million yuan to CETC Lantian Technology's IPO.

China Electronics Technology Group Corp: China Electronics Technology Group Corp (CETC) is the parent company of CETC Lantian Technology Co. Ltd. CETC Lantian Technology, established in 1992, traces its origins to the 18th Institute of CETC. The company specializes in aerospace power systems for spacecraft and satellites, having contributed to key national projects like China's first satellite, Dongfanghong-1.

China Aerospace Science and Technology Corp.: China Aerospace Science and Technology Corp. (CASC) is a state-owned entity involved in space missions. It is a significant customer for CETC Lantian Technology Co. Ltd., accounting for 45% to over 50% of the latter's revenue, particularly for aerospace power systems.

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What Happened When

1970：: CETC Lantian Technology provided power devices for China’s first satellite, Dongfanghong-1.

1992：: CETC Lantian Technology was established in Tianjin.

2022：: CETC Lantian Technology's accounts receivable stood at 1.1 billion yuan.

From 2022 to the first half of 2025：: Sales to companies affiliated to China Aerospace Science and Technology Corp. accounted for 45.6% (2022), 43.1% (2023), 43.6% (2024), and 53.4% (the first half of 2025) of CETC Lantian Technology's total revenue, respectively.

First half of 2025：: CETC Lantian Technology reported a net profit of 65.3 million yuan on revenue of 1.1 billion yuan, about 70% of which came from sales of aerospace power systems.

June 2025：: Accounts receivable of CETC Lantian Technology reached 2.5 billion yuan.

February 10, 2026：: CETC Lantian Technology debuted on Shanghai’s STAR Market; shares opened at 80.88 yuan, up 750% from IPO price, and closed up 596.3%.

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