Aerospace Science and Industry Rocket Technology Co., Ltd. (referred to as ASI Rocket) controlling shareholder is currently selling its 29.5904% stake for 3.3 billion yuan. If the transfer is completed, the controlling shareholder China Aerospace Sanjiang Group Co., Ltd. (referred to as Aerospace Sanjiang) will no longer have the controlling stake.
According to the official website of the Beijing Property Rights Exchange, Aerospace Sanjiang will transfer 29.5904% of ASI Rocket’s shares. Upon completion of the transaction, Aerospace Sanjiang’s shareholding ratio will decrease from the current 56.4347% to 26.8443%, thus losing its controlling stake.
The terms of the transaction require the intended transferee to “agree to change the name of the target company after the completion of this transaction. The new name of the target company should not contain the words ‘Aerospace Science and Industry,’ and the new target company must not continue to use the names, business qualifications, franchise rights, and other intangible assets of China Aerospace Science and Industry Group Co., Ltd. and its subsidiaries, nor continue to conduct business activities in the name of subsidiaries of China Aerospace Science and Industry Group Co., Ltd.”
Observer Net stated on January 7 that as China’s first commercial rocket company, ASI Rocket will essentially depart from its original major shareholder structure.
Public records show that ASI Rocket Technology Co., Ltd. is the first professional rocket company in China to carry out research and application in a commercial model. It was registered and established in Wuhan on February 16, 2016.
In recent years, ASI Rocket has been facing poor operational conditions. Observer Net stated that in 2024, the company’s operating income was 63.8078 million yuan, with a net loss of approximately 180 million yuan. In the first 11 months of 2025, the operating income was 67.3565 million yuan, with a net loss of about 136 million yuan. As of November 2025, the company’s total assets were approximately 3.033 billion yuan, with liabilities of around 472 million yuan.
Currently, ASI Rocket is facing direct competition from several private companies. Reports quote relevant industry professionals as saying that the industry generally has characteristics of high research and development investment, long maturity cycles for key technologies, and difficulties in significantly reducing launch costs in the short term. With the market competition becoming increasingly fierce, capital is also placing higher demands on the project’s profitability and return on investment. Against this backdrop, there is a trend of resource integration within the industry.