Brief Introduction

Founded on January 24, 2008, Beijing Piesat information Technology Co., Ltd. (Stock Code: 688066) is the leading remote sensing and Beidou navigation satellite application service provider in China. Piesat is committed to localization of satellite application software, industrialization of industry application and commercialization of application services. Piesat has researched and developed the basic platform and core technology with fully independent intellectual property rights to provide basic software products, system design and development, data analysis and application services for the government, enterprises and other relevant departments. Piesat is equipped with elite R&D team (including 61 doctors and 324 masters) and strong innovation capability. Its basic software platform PIE (Pixel Information Expert) for remote sensing image processing was selected as the only remote sensing product in the software agreement supply list of central state organs in 2017. Piesat has formed a business model of “Core Software Platform + Industry Application + Data Service”, and structured the dual engine of "Remote Sensing + Beidou", and will continuously participate in major strategic projects such as high-resolution Earth observation system, civil space infrastructure and Beidou navigation satellite system.

Company Overview

Full name Beijing Piesat Information Technology Co.,Ltd.
Abbreviations Piesat
Code 688066
Founded January 24th, 2008
Listing July 22th, 2019
Domicile Room 301, Building No.5, Area 4, Xishan Creative Park, HaiDian District, Beijing, China
STAR Theme New Generation of Information Technology
CSRCSector Satellite Application Industry
Has weighted voting rights structure? No



  2018 2017 2016
Earnings Per Share 0.51 0.39 0.32
R&D expenditure as a % of operating revenue 11.87% 12.66% 16.52%
Operating Revenue 423.33 296.35 194.99
Net Income 63.53 46.24 31.63

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 423.33 296.35 194.99
Operating Costs 162.14 119.64 71.59
Operating Income 76.12 55.20 36.73
Pretax Income 74.61 54.91 36.52
Income Tax 11.08 8.67 4.89
Net Income 63.53 46.24 31.63

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Current Assets-Total 729.33 521.97 292.01
Non-current Assets-Total 50.82 43.46 24.66
Total Assets 780.15 565.43 316.67
Current Liabilities-Total 267.03 131.96 100.06
Non-current Liabilities-Total 33.63 16.38 4.35
Total Liabilities 300.66 148.34 104.41
Stockholder's Equity
Share Capital 124.48 124.48 110.00
Retained Profits 122.72 67.76 26.11
Total Owners' Equity 479.49 417.10 212.26

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating -11.46 4.13 -44.65
Net Cash Flows-Investing -14.67 -13.10 -23.79
Net Cash Flows-Financing 30.18 163.23 78.02

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Zhang Yan 34.7493 20.94%
Beijing Aerospace Yingchuang Investment Management Center (Limited Partnership) 25.0000 15.06%
Shenzhen Qifu Capital Management Center (Limited Partnership) 11.0528 6.66%
Venture Capital Fund for Conversion of Scientific and Technological Achievements in Civil-Military Integration of Beijing CASIC (Limited Partnership) 8.5714 5.16%
Shenzhen Jiaqiao Fukai Equity Investment Enterprise (Limited Partnership) 7.3571 4.43%
Tianjin Mingxuan Investment Co., Ltd. 5.6250 3.39%
Wang Yuxiang 5.3949 3.25%
Beijing Gongdao Innovation Investment Co., Ltd. - Beijing Guoding Junan Tianxia No.2 Investment Partnership (Limited Partnership) 3.7500 2.26%
Wang Zesheng 3.1429 1.89%
Beijing Jiuzhou Xinnuo Investment Fund Management Co., Ltd. - Ningbo Jiuzhou Xinnuo Equity Investment Partnership (Limited Partnership) 3.0250 1.82%

Legal Statement

All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.

Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.

Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.