Meishan Emerges as a New Hub for the Satellite Industry: Global Experts Gather at the 3rd Meishan Satellite Application Industry Development Conference
CHENGDU, China, June 09, 2025 (GLOBE NEWSWIRE) -- On June 9, the 3 rd Meishan Satellite Application Industry Development Conference officially opened in Meishan City, Sichuan Province, China. Experts in remote sensing technology, aerospace, and related fields, along with representatives from international cooperation organizations, gathered in Meishan for an in-depth discussion on technological innovation, coordinated industrial chain development, and international cooperation models in the satellite industry, contributing insights and suggestions to help advance Meishan's satellite sector to a higher level.
A Media Snippet accompanying this announcement is available in this link.
The conference was sponsored by the China Association of Remote Sensing Application and the People's Government of Meishan City, organized by the Meishan Management Committee of Sichuan Tianfu New Area, and co-organized by Meishan Tianfu New Area Xingchan Investment Group Co., Ltd.
At the opening ceremony, the China Association of Remote Sensing Application released the 2025 Blue Book on the Development of China's Remote Sensing Application Sector. Keynote speeches were delivered by Li Deren, photogrammetry and remote sensing scientist and professor at Wuhan University; Zhu Ninghua, microwave photonics expert and director of the Institute of Intelligent Photonics at Nankai University; and Xu Ying, Beidou navigation system scientist and researcher at the Aerospace Information Research Institute of the Chinese Academy of Sciences.
Huantian Wisdom Technology Co., Ltd., the leading enterprise in Meishan's satellite industry, unveiled its platform "StarView Horizon", which integrates over 40 core spatiotemporal algorithms at the opening ceremony. It also signed cooperation agreements with Kazakhstan Temir Zholy, Kazakhstan Kazaerospace, and Malaysian Karuna Group for promoting satellite application projects.
In the past three decades, China's space industry has rapidly advanced. As a result, numerous cities known for their related industries have popped up across the country. In the realm of satellite technology, regions beyond traditional strongholds like Beijing, Shanghai, and Xi'an are now making significant strides in this sector, cities such as Meishan have emerged as new hubs for the satellite industry.
In recent years, Meishan City has seized the opportunity of commercial aerospace development, taking the lead in laying out the satellite application industry in Sichuan Province, and promoting the application of satellite remote sensing data in high-standard farmland, disaster prevention and reduction, resource survey, environmental protection, smart cities, and other fields. At present, Meishan has become the city with the largest number of commercial remote sensing satellites in Southwest China, ranking fourth in the country overall.
Meishan unveiled its satellite industry development plan (2024-2030) last year, outlining a strategic roadmap to build a globally competitive satellite industry cluster by 2030, targeting an industrial scale exceeding 10 billion yuan (about 1.39 billion U.S. dollars).
To achieve this ambitious goal, Meishan is actively advancing the development of key industrial projects. On December 30, 2024, the Western China Satellite Industrial Park, located in Meishan Tianfu New Area, officially began full operations. During this conference, nine new enterprises signed agreements to join the park, and one new science and technology innovation platform was introduced. To date, the park has attracted a total of 26 satellite-related enterprises and five scientific research platforms. By 2028, the scale of Meishan's satellite industry is expected to exceed 5 billion yuan.
On the other side, the Huantian Cloud Smart Computing Center -- the largest data center dedicated to the commercial satellite sector in Southwest China -- is about to be put into operation. It aims to address three major bottlenecks hindering the development of the sector: insufficient computing power, limited storage capacity, and low application efficiency.
"It is expected to complete the last piece of Meishan's aerospace industry layout, making the city one of the few places in China with comprehensive capabilities in satellite research and development, monitoring and control, application, and data transmission," Yang Zhenyu, deputy general manager of the Huantian Wisdom Technology Co., Ltd., owner of the new infrastructure, said.
Source: The Meishan Management Committee of Sichuan Tianfu New Area
CONTACT: Contact person: Ms. Hou, Tel: 86-10-63074558.Sign in to access your portfolio
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P&L for $80 Million Q2'25 (Model) The model for our current company predicts if we can make $80 million of revenue per quarter at today's costs, we will generate about $2.2 million in profit in Q2'25. We next model our quarterly breakeven revenue to address how far our revenue can slip for us to remain profitable with current costs. Figure E. Breakeven Revenue with P&L at Current Cost Our revenue can drop to $74.3 million in Q2'25 and we will retain our operating income at $1.2 million because our Q1-Q2 cost-cutting measures will completely offset the revenue drop from $80.2 million to $74.3 million. What if we further cut headcount? The Figure shows our profit will return to the $1.2 million-$2.0 million range for the full seven-quarter period, even without any acquisitions. Of course, this stressed business-as-usual analysis will blow up if a major event occurs, such as vendor or customer failure. Why is our stock price so low? 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I have had to pass many of those tests to start creating a long-term record that we can be proud of. What I do know is that we are going to be profitable again this quarter and I'll deal with the other problems as they come up. About SunPowerThe Company has been a leading residential solar services provider in North America since 1985. The Company's digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as 'will,' 'goal,' 'prioritize,' 'plan,' 'target,' 'expect,' 'focus,' 'forecast,' 'look forward,' 'opportunity,' 'believe,' 'estimate,' 'continue,' 'anticipate,' and 'pursue' or the negative of these terms or similar expressions. Forward-looking statements in this presentation include, without limitation, our future quarterly revenue projections, our expectations regarding our future fiscal financial performance, including with respect to our future quarterly and fiscal combined revenues and profit before tax loss, expectations and plans relating to further headcount reduction, cost control efforts, and our expectations with respect to stock price and when we achieve breakeven operating income and positive operating income, including our models about achieving operating income breakeven or profitability. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, our expectations relating to the ITC phase out and its impacts on our business and market demand, our ability to implement further headcount reductions and cost controls, our ability to integrate and operate the combined business with the SunPower assets, our ability to achieve the anticipated benefits of the SunPower acquisition, global market conditions, changes to domestic or foreign tariffs or tax incentives, any adjustments, changes or revisions to our financial results arising from our financial closing procedures, and other risks and uncertainties applicable to our business. For additional information on these risks and uncertainties and other potential factors that could affect our business and financial results or cause actual results to differ from the results predicted, readers should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of our annual report on Form 10-K filed with the SEC on April 30, 2025, our quarterly reports on Form 10-Q filed with the SEC and other documents that we have filed with, or will file with, the SEC. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements in this presentation speak only as of the date they are made. 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