Brief Introduction

PIESAT Information Technology Co., Ltd. (PIESAT, stock code: 688066) is a leading satellite operation and application service provider in China since 2008, and one of the first batch of listed enterprises in the STAR Board of Shanghai stock market. PIESAT has independently developed the PIE (Pixel Information Expert) remote sensing software with intellectual property, and the first Chinese remote sensing cloud service platform named PIE-Engine, realizing the independent research and development of basic remote sensing software. The company has established overseas subsidiaries in Hong Kong, Sydney, London, Geneva, with business covering Asia, Europe, Australia and other regions. It provides basic software products, system design and development, remote sensing cloud services and other spatial application solutions for government sectors, enterprises, universities, etc.

Company Overview

Full name PIESAT Information Technology Co., Ltd.
Abbreviations PIESAT
Code 688066
Founded 2008-1-24
Listing 2019-7-22
Domicile Beijing
STAR Theme New Generation IT
CSRC Sector I65
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.78 0.59 0.51
R&D expenditure as a % of operating revenue 15.41 14.76 11.87
Operating Revenue 846.70 601.17 423.33
Net Income 128.69 83.40 63.53

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 846.70 601.17 423.33
Operating Costs 394.16 256.62 162.14
Operating Income 138.98 94.70 76.12
Pretax Income 136.57 93.34 74.61
Income Tax 7.88 9.94 11.08
Net Income 128.69 83.40 63.53

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,738.24 1,453.27 729.33
Non-current Assets-Total 156.13 72.46 50.82
Total Assets 1,894.36 1,525.73 780.15
Current Liabilities-Total 473.08 288.67 267.03
Non-current Liabilities-Total 78.12 32.12 33.63
Total Liabilities 551.20 320.79 300.66
Stockholder's Equity
Share Capital 998.84 980.19 337.22
Retained Profits 343.10 223.78 141.33
Total Owners' Equity 1,343.16 1,204.94 479.49

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 75.36 -140.80 -11.46
Net Cash Flows-Investing 29.13 -357.96 -14.67
Net Cash Flows-Financing 29.79 648.68 30.18

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Zhang Yan 34.75 20.89
Beijing Aerospace Yingchuang Investment Management Center (Limited Partnership) 25.00 15.03
Shenzhen Qifu Capital Management Center (Limited Partnership) 11.05 6.65
Venture Capital Fund for Conversion of Scientific and Technological Achievements in Civil-Military Integration of Beijing CASIC (Limited Partnership) 8.05 4.84
Wang Yuxiang 5.39 3.24
Shenzhen JiaqiaoFukai Equity Investment Enterprise (Limited Partnership) 3.75 2.25
China Merchants Bank Co., Ltd. - Huaxia Shanghai Science and technology innovation board 50 component trading open index securities investment fund 3.34 2.01
Tianjin BoHai State-ownedAssets Management Co., Ltd. 3.32 2.00
Wang Zesheng 2.99 1.80
Beijing Gongdao Innovation Investment Co., Ltd. - Beijing GuodingJunanTianxia No.2 Investment Partnership (Limited Partnership) 2.55 1.54

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