06935 國星宇航
ADASPACE
ADASPACE
| Register Close | 2026/11/10 IPO Closing in 4 Days |
| Listing Date | 2026/11/13 |
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IPO Detail
COMPANY PROFILE
Adaspace Technology Co., Ltd. is a commercial aerospace company in China, with a strategic focus on satellite and related services and satellite-based solutions. The Group launched China’s first AI application satellite in December 2018 and successfully developed and launched China’s first AI large model computing satellite in September 2024.
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On 14 May 2025, the Group successfully developed and launched the world’s first AI computing satellite constellation comprising 12 AI computing satellites. As at 20 October 2026, the Group has independently developed six AI payloads, four AI application satellites and 26 AI computing satellites, and has successfully completed 15 space missions.
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The Group operates two business lines and offers a comprehensive suite of products and services: satellites and related services, and satellite-based solutions. Based on the Group’s proprietary Lingjing Engine, it has expanded into satellite-based solution services. Through the application of AI and commercial aerospace technologies, the Group provides scenario-specific solutions across diverse sectors such as space intelligence and computing services, digital city applications, urban governance and cultural, tourism and gaming applications.
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The Group primarily sells its products and solutions to customers in the PRC across sectors such as aerospace, AI, electronic products, software development and digital cultural applications. The Group’s customers primarily include technology companies, government agencies, research institutions, communications service providers and universities.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Telecommunication Services |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 30.12M H shares |
| No. of International Offer Shares | 27.11M H shares |
| No. of HK Offer Shares | 3.01M H shares |
| Offer Price | $24.90 - $33.20 |
| Stock Code | 6935 |
| Sponsor(s) | Guotai Junan Capital Limited |
| Underwriter(s) | Guotai Junan Securities (Hong Kong) Limited, CCB International Capital Limited, Harmonia Capital Limited, Central China International Securities Co., Limited, Shanxi Securities International Limited, Guoyuan Securities Brokerage (Hong Kong) Limited, Soochow Securities International Brokerage Limited |
TIME TABLE
| Application Period | Nov 05 (Thu) - noon, Nov 10 (Tue) |
| Price Determination Date | Nov 11 (Wed) |
| Result Announcement Date | On or before Nov 12 (Thu) |
| Result Announcement Date | On or before Nov 12 (Thu) |
| Result Announcement Date | On or before Nov 13 (Fri) |
| Dealings in Shares commence on | Nov 13, 2026. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $24.90 - $33.20 |
| Capitalization | 15.00B - 20.00B |
| NAV / share ($) | $10.3 - $10.7 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 29.05, the net proceeds raised would be HKD 772.40M, of which |
| 24.4% : Construction of the Shenzhen Center |
| 35.6% : Enhancing R&D capabilities |
| 20% : Selectively pursuing strategic investment and acquisition opportunities |
| 10% : Repayments of the bank borrowings |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).