The first aerospace IPO in 2026 rings the bell! Dianke Blue Sky's listed market value exceeds 100 billion yuan

On the first day of listing, the company's stock price performed astonishingly, rising 750% to 80.88 yuan/share at the opening. Although there was a slight decline during the trading session, it still closed at 65.94 yuan/share, an increase of 596.3%. The total market value exceeded 114.5 billion yuan, demonstrating the high recognition of aerospace hard technology enterprises by the capital market.

As the "national team" of China Electronics Technology Group Corporation's electric energy industry, the listing of CETC Blue Sky is not accidental, but is backed by decades of deep technological cultivation and industrial accumulation. The company focuses on the research and development, production, sales, and service of electric energy products and systems. Its main business covers three major sectors: aerospace power supplies, special power supplies, and new energy applications and services. The product application scenarios have achieved wide coverage from deep sea to deep space, providing core support for the development of China's aerospace industry.

In the core field of aerospace, the strength of CETC Blue Sky is particularly outstanding. The aerospace power products developed by it run through the history of China's aerospace development and have provided reliable power support for major national projects such as the Shenzhou series spacecraft, Tiangong space station, Beidou satellite, Chang'e lunar exploration satellite, Tianwen Mars probe, etc. Data shows that by 2024, the company's aerospace power products will have a coverage rate of over 50% in the domestic market. In the commercial aerospace field, it has also become an important power supplier for major constellation projects such as Qianfan Constellation and State Grid Constellation.

In this listing, CETC Blue Sky raised 1.645 billion yuan, which will be fully invested in the industrialization (Phase I) construction project of aerospace power systems, focusing on expanding the production capacity of aerospace power business, improving the level of scientific and technological innovation, and further improving the layout of the industrial chain. From the perspective of listing efficiency, the company has also created a "central enterprise speed". Since filing for IPO in June 2025, it has completed the meeting, registration, and listing process in just over 7 months, which is inseparable from its solid fundamentals and clear development path.

It is worth noting that the explosive performance of Dianke Blue Sky on its first day of listing not only allowed its state-owned shareholders to obtain huge book profits, but also ignited the enthusiasm for IPO in the commercial aerospace industry. At present, the global commercial aerospace industry has entered the fast lane of rapid development. China has also incorporated satellite Internet into new infrastructure, and policy support continues to increase. As the representative of new quality productivity, commercial aerospace is ushering in unprecedented development opportunities.

However, under the market frenzy, rational scrutiny is also needed. As of the first day of listing, the price to earnings ratio (TTM) of Dianke Blue Sky has exceeded 330 times, and its profit level still fluctuates. The expected net profit attributable to the parent company in 2025 is 327 million to 360 million yuan. The contrast between high valuations and small profits has also pushed the market's expectations and scrutiny of the commercial aerospace industry to the forefront, and the subsequent industry valuation will rely more on the efficiency of enterprise technology conversion and commercial landing capabilities.

Looking ahead to the future, CETC Blue Sky has clarified its development positioning of "deep space exploration+commercial aerospace" dual wheel drive. It plans to leverage the power of the capital market, increase technological research and production capacity construction efforts, and expand civilian and overseas markets. With the listing of CETC Blue Sky, the curtain of commercial aerospace asset securitization officially opens in 2026. Companies such as Blue Arrow Aerospace and Zhongke Aerospace are also accelerating their IPO efforts. A competition around technology, capital, and market has already begun, and China's commercial aerospace industry is expected to usher in a new stage of large-scale development.