Recently, Tianjin HuanYu XingTong Technology Co., Ltd. (hereinafter referred to as "HuanYu XingTong"), a leading supplier of core satellite-based optoelectronic components, successfully secured tens of millions of yuan in a Pre-A+ round of financing. This round was led exclusively by Chuzhou Qijin Yixin Venture Capital Partnership Enterprise (Limited Partnership), with further investments from the listed entity Jinchun Shares. Lingling Capital acted as the financial advisor for this transaction.

The proceeds from this financing round will be predominantly allocated to expanding the production line of satellite-based combined optical fiber amplifiers, conducting in-orbit validation of satellite-based three-axis optical fiber gyroscopes, and developing a series of innovative products. These initiatives aim to expedite the localization process of core satellite-based optoelectronic components.

As the fervor for commercial aerospace financing wanes and industrial capital becomes more discerning in its due diligence of early-stage projects, why does a fledgling company, which only completed its maiden satellite validation with laboratory technology in 2019, continue to attract substantial financial support?

Established in 2021, HuanYu XingTong draws its technical heritage from a renowned optoelectronics laboratory at Nankai University. It stands as one of the pioneering domestic projects to independently develop satellite-based optical fiber amplifiers through collaborative efforts between industry, academia, and research institutions. The company's core competitive advantage stems from a series of "hardcore data" derived from space missions.

Chief Scientist Liu Bo, a professor and doctoral supervisor at Nankai University and an expert in domestic laser communication, led his team to develop a satellite-based optical fiber amplifier that was launched into orbit in 2019 aboard a Beidou-3 satellite. This amplifier has amassed over six years of stable in-orbit operation. To date, 21 units have been operating in orbit, with the longest single-unit in-orbit duration exceeding six years and a cumulative in-orbit operation time of 230,000 hours (approximately 26 years), all while maintaining a flawless track record. The products have successfully completed star-ground and inter-satellite laser link range tests and have been integral to multiple major aerospace projects and national-level test missions, including the Weihai No.1 01-02 satellites, HiStarLink's inaugural satellite, and the first batch of networked satellites in the Santi Computing Constellation.

In the unique space environment, where repairs are not feasible, "flight history" serves as the ultimate benchmark for technical credibility. HuanYu XingTong has gained valuable entry into high-level supplier systems by capitalizing on the long-term stable operation of its in-orbit products.

While in-orbit data attests to HuanYu XingTong's "technical prowess," its talent structure provides a solid foundation for engineering implementation. Founder Dai Wutao holds a master's degree in optics from Nankai University and boasts over two decades of experience in the optoelectronics field. He has been instrumental in introducing advanced foreign optoelectronic technologies and facilitating their localization, and is also a seasoned entrepreneur.

The technical team, led by optical engineering expert Professor Liu Bo and comprising several doctors, including a Ph.D. in optical engineering from Nankai University, has established a comprehensive commercial closed loop, spanning fundamental research, engineering pilot production, and downstream market delivery. This positions HuanYu XingTong not merely as a research team with core technologies but also as an industrial entity capable of supply chain management and commercialization.

Currently, the satellite-based optical amplifier sector, in which HuanYu XingTong operates, is at a pivotal juncture for domestic substitution. Laser communication, with its high bandwidth and low latency advantages, has emerged as the optimal solution for inter-satellite data transmission. With China's submission of the GW constellation frequency spectrum plan and the implementation of the Qianfan constellation network to the International Telecommunication Union, the low-orbit satellite internet is transitioning from the planning and demonstration phase to large-scale deployment. As the "artery" and "eyes and ears" of laser communication terminals, satellite-based optical fiber amplifiers hold undeniable strategic value. However, they have long been hindered by stringent aerospace-grade manufacturing processes and anti-radiation technology barriers, resulting in reliance on foreign imports. HuanYu XingTong has effectively bridged this critical gap in domestic production.

The specific investment directions of this financing round clearly delineate three core development paths for HuanYu XingTong. Firstly, production line expansion indicates that the company's flagship product, the combined optical fiber amplifier, has entered a profitable phase of mass delivery, with its commercial maturity validated by the market.

Secondly, conducting in-orbit validation of satellite-based three-axis optical fiber gyroscopes suggests that the company is striving to diversify its product portfolio from single laser communication amplifiers to higher-end inertial sensor fields, aiming to evolve from a key "single-point supplier" to a "comprehensive optoelectronic component service provider."

Thirdly, the R&D efforts for several undisclosed new products are primarily geared towards capturing markets in satellite internet, high-resolution remote sensing, and future deep-space exploration.

After two years of technological incubation and product iteration, this financing round for HuanYu XingTong unveils a clear development trajectory: capital is increasingly flowing towards core component providers boasting long-term in-orbit stable operation data, complete supply chain closures, and positions in the most critical areas of domestic substitution in commercial aerospace.