---
title: "Hangsheng Satellite completed a Series A financing of 160 million yuan, and Hunan Xiangjiang New Area promotes the development of the commercial aerospace industry"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274960294.md"
description: "Hunan Hangsheng Satellite Technology Co., Ltd. recently completed a Series A financing of 160 million yuan, with participants including funds under Jinan Steel Group and well-known institutions such as Zhejiang Yunzhongma. The financing will be used for core team building, expansion of satellite production lines, research and development of high-performance satellites, and improvement of product spectrum, enhancing the company's comprehensive service capabilities in satellite manufacturing and constellation construction, and helping it move towards the goal of becoming a global leading space service provider"
datetime: "2026-02-05T11:10:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274960294.md)
  - [en](https://longbridge.com/en/news/274960294.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274960294.md)
---

# Hangsheng Satellite completed a Series A financing of 160 million yuan, and Hunan Xiangjiang New Area promotes the development of the commercial aerospace industry

Hunan Xiangjiang New Area company - Hunan Hangsheng Satellite Technology Co., Ltd. recently completed a Series A financing of 160 million yuan. This round of financing was jointly participated in by funds under Jinan Steel Group, Zhejiang Yunzhongma, and other well-known institutions. The funds raised by Hangsheng Satellite will focus on core team building, satellite production line expansion, high-performance satellite research and development, and product spectrum improvement, further enhancing the company's comprehensive service capabilities in component support, satellite manufacturing, and constellation construction, helping it steadily move towards the goal of becoming a global leading space service provider. (Shanghai Securities Journal)

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