1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

The project is located in the Beihu Scientific and Technological Development Zone of Changchun New District. Leveraging the location and geographical advantages of Changchun City, and based on the data accumulation and industrial service capabilities in optical satellite data resources of Changguang Satellite, synthetic aperture radar satellite data of Aerospace Hongtu and aerospace satellite remote sensing applications, it is planned to introduce the satellite remote sensing industry, Beidou navigation industry, and unmanned aerial vehicle (UAV) industry in the new district. By taking into account the informatization levels and business pain points of various industries, the content of demonstration projects will be determined, application demonstration projects will be constructed, and an aerospace big data application base will be established.

1.1.2 Market prospect

(1) Development situation of remote sensing industry market

With the rapid development of science and technology, the remote sensing industry has witnessed rapid growth in recent years and has become an important force in the field of information technology. Remote sensing technology is a technique that captures images and data of the ground and objects through non-contact visible light or other electromagnetic wave receivers. With the development of science and technology and the continuous improvement of application technologies, remote sensing technology is increasingly applied in various fields, and its market demand has also been growing continuously.

In recent years, the development status of the remote sensing industry market in China has also received much attention. According to relevant research and statistics, the current remote sensing market in China mainly focuses on key areas such as geographic information, remote sensing mapping and application software, electronic maps, and location-based services. Among them, the geographic information industry has grown the most rapidly. It has not only become a key application field of the remote sensing industry but has also received widespread recognition and support from society. In addition, with the continuous upgrading and expansion of the Internet of Things, remote sensing technology increasingly needs to be combined with Internet of Things technology and integrated with traditional industries, which has further promoted the development of the remote sensing industry market.

Furthermore, with the continuous development of digital technology and spatial information technology, local governments, enterprises, institutions, and non-governmental organizations have an increasing demand for remote sensing technology. This has also attracted more technology companies to enter the remote sensing industry market, providing higher-quality and more efficient remote sensing technology services. In addition, the requirements in fields such as geology, environment, crop planting, and urban construction have also increased the market demand for the remote sensing industry. Therefore, the future market prospects of the remote sensing industry are very broad.

In conclusion, the remote sensing industry in China is currently developing rapidly, and the market demand is constantly growing. In the future, from the expansion of application fields to the research and development of core key technologies, both the market and application fields of the remote sensing industry will be further expanded. More refined and ingenious remote sensing applications will be widely adopted and applied more quickly. Its market development prospects are limitless, and it will continue to inject new vitality into social development and economic growth.

(2) Market analysis of aerial photography and remote sensing

In 2023, the aerial photography and remote sensing market demonstrated a strong growth trend. With the advancement of technology and the expansion of applications, aerial photography and remote sensing have extended from traditional military and earth observation fields to civilian and commercial sectors, becoming an important support for the development of modern society.

In terms of market size, the growth of the aerial photography and remote sensing market mainly benefits from the popularization of unmanned aerial vehicle (UAV) technology and the surge in demand for remote sensing data. According to statistics, in 2020, the global satellite remote sensing service market size reached $2.6 billion, a 13.04% increase compared to 2019. Among them, the size of China's remote sensing service market was approximately 15.5 billion yuan, accounting for 15.4% of the global market size. In 2021, the global satellite remote sensing service market size reached $2.94 billion, and the size of China's remote sensing service market reached 17.5 billion yuan. In 2023, the global satellite remote sensing service market size for the whole year reached $3.65 billion, and the size of China's remote sensing service market reached 21.7 billion yuan. At the same time, the global aerial photography and remote sensing market size reached billions of dollars, with a compound annual growth rate of over 15%. In terms of application fields, aerial photography and remote sensing have been widely applied in urban planning, environmental protection, land resources, disaster early warning, etc., and have provided abundant data support and decision-making basis for various industries.

At the same time, the industrial chain of China's remote sensing industry is constantly being improved and optimized. In the upstream of the industrial chain, the satellite manufacturing and launch industry has witnessed continuous development, and some emerging enterprises such as Changguang Satellite and Orbit are rising. In the midstream of the industrial chain, enterprises engaged in remote sensing data reception and processing as well as remote sensing application services are growing rapidly. Among them, enterprises like Piesat, Century Space, and GeoStar have become important forces in the industry.

However, although the market size is expanding, China's remote sensing application market is still in the introduction stage. Overall, there are still a large number of potential opportunities in the market. In the future, with continuous technological innovation and further expansion of market applications, the aerial photography and remote sensing market will unleash greater potential. Therefore, for enterprises engaged in aerial photography and remote sensing, improving technology research and development and service levels, and providing higher-quality products and services will be the key to maintaining and expanding market share. At the same time, with the intensification of market competition, only by continuously improving independent innovation ability and core competitiveness can enterprises remain invincible in the future market.

(3) Market demand analysis

Technological innovation and application expansion: With the continuous progress of unmanned aerial vehicle (UAV) technology and remote sensing technology, aerial photography and remote sensing equipment will become more miniaturized, intelligent, and efficient, capable of providing higher-quality data and a wider range of application fields. Therefore, the demand for aerial photography and remote sensing equipment and technologies will increase, especially in areas such as environmental monitoring, resource surveys, urban planning, and agricultural management, where the application needs will be even more extensive. At the same time, with the continuous development of technologies such as artificial intelligence and big data, the processing and analysis capabilities of aerial photography and remote sensing data will also be enhanced, further expanding the application fields of aerial photography and remote sensing.

Policy support and market demand: as the country pays increasing attention to fields such as environmental protection, agriculture, and urban planning, the introduction of relevant policies will further promote the development of the aerial photography and remote sensing industry. The demand from government agencies will continue to grow steadily. Meanwhile, the demand from enterprises for aerial photography and remote sensing services will also expand further. By leveraging its efficient and accurate data acquisition and analysis capabilities, enterprises can improve their operational efficiency and competitiveness.

International trend: with the acceleration of globalization, the internationalization trend of the aerial photography and remote sensing industry will become more prominent. Domestic and foreign enterprises and institutions will increase their demand for cross-border aerial photography and remote sensing services to obtain more comprehensive and accurate data. At the same time, with the rapid growth of "Made in China" and the continuous maturity of foreign technology exports, more and more countries and regions are attempting to reach technological cooperation in multiple fields with China. The aerial photography and remote sensing industry will thus face more international opportunities and challenges.

Data security and privacy protection: with the continuous development of aerial photography and remote sensing technology, issues of data security and privacy protection have become increasingly prominent. How to improve the application value and social benefits of aerial photography and remote sensing while ensuring data security and privacy protection is a key issue that the industry needs to pay attention to and solve.

In conclusion, in 2024, the demand in the aerial photography and remote sensing industry will be more diversified and complex. The industry needs to continuously strengthen technological innovation and application expansion, and improve service quality and standards to meet the growing market demand.

1.1.3 Technical analysis

(1) Satellite remote sensing industry

At present, an urban remote sensing application system has been established in Hebi City. By comprehensively utilizing various resources and means, it can rapidly process and analyze massive, multi-source, single-hazard and multi-hazard risk monitoring data. It constructs a scientific, efficient, advanced and intelligent comprehensive monitoring, risk identification, prediction and early warning, and emergency command system for natural disasters. It fully realizes functions such as comprehensive perception and monitoring of natural disasters from air, space and ground, data management, risk identification, trend prediction, comprehensive judgment, collaborative consultation, decision-making support, accurate push, response and handling, and emergency command.

(2) UAV industry

At present, the company has set up unmanned aerial vehicle (UAV) production and manufacturing bases in 12 locations including Changsha, Nantong, and Lingyuan. The production area exceeds 40,000 square meters, enabling the independent production of multiple models of small and medium-sized UAV platforms, including fixed-wing, compound-wing, tilt-rotor, electric multi-rotor, long-endurance fuel-powered multi-rotor, and UAV swarms. The products can meet the surveying and monitoring operation requirements with flight times ranging from 10 minutes to 4 hours, operating radius from 10 to 120km, flight speeds from 2 to 35m/s, and payloads of no more than 15kg.

1.1.4 Advantageous conditions of project construction

(1) Policy advantage

The Medium and Long-Term Development Plan for Ecological Environment Satellites (2021-2035) released by the Ministry of Ecology and Environment points out that it is necessary to actively cooperate with domestic departments related to remote sensing satellite applications, promote the implementation of remote sensing satellite data sharing policies, realize the multi-purpose use of a single satellite and the shared use of multiple satellites, and enhance the application capabilities and benefits of remote sensing satellites.

The Opinions on Accelerating the Construction of a Transportation Power through Scientific and Technological Innovation-driven jointly released by the Ministry of Transport and the Ministry of Science and Technology mentions promoting the deep integration of technologies such as big data, artificial intelligence, blockchain, Internet of Things, cloud computing, new-generation wireless communication, Beidou Navigation, satellite communication, and high-resolution remote sensing satellites with transportation, developing a new generation of intelligent transportation systems, promoting the accelerated application of autonomous driving and intelligent shipping, breaking through key technologies such as the operation service of the comprehensive transportation network and the control of dangerous goods, improving the inter-departmental collaborative supervision, data sharing, and system linage mechanisms, and constructing an integrated "land, sea, air and space" transportation safety guarantee and supervision service system.

(2) Location and transportation advantage

Geographical location at the geometric center of Northeast Asia: Changchun is located in the central area of Northeast Asia, serving as a crucial hub connecting East Asia, Southeast Asia, Central Asia, and Europe. This geographical location facilitates the demonstration zone to conduct extensive economic and trade cooperation with neighboring countries and regions, attracting international investment and talents.

Railway transportation: Changchun is one of the important railway hubs in Northeast China, with multiple major railway lines running through the whole city. Changchun Railway Station and Changchun West Railway Station are the main railway stations, providing direct access to major cities across the country. In addition, there are several freight stations in Changchun, undertaking a large amount of freight transportation tasks.

Road transportation: Changchun has a well-developed road transportation network, with multiple expressways and national highways traversing the city. In addition, several long-distance bus stations have been built in Changchun City, making it convenient for citizens to travel. Moreover, a large number of buses and taxis in Changchun offer convenient urban transportation services for residents.

Air transportation: Changchun is equipped with Longjia International Airport, which can reach major domestic cities and some international cities directly. As one of the important aviation hubs in Northeast China, Longjia International Airport provides convenient air transportation services for Changchun.

Urban transportation: Changchun attaches great importance to urban transportation construction. It has built several subway and light rail lines, forming a complete urban transportation network. In addition, there are a large number of buses and trams in the city, providing citizens with convenient urban transportation services.

High-speed railway transportation: in recent years, Changchun has strengthened the construction of high-speed railway transportation and built several high-speed railway lines. Changchun is an important nodal city on high-speed railway lines such as the Beijing-Harbin High-speed Railway, the Harbin-Dalian High-speed Railway, and the Changchun-Jilin Intercity Railway, offering more convenient travel options for citizens.

(3) Industrial advantage

Changguang Satellite is the first commercial remote-sensing satellite company in China. Relying on the key core technology of "on-board integration", it has successfully launched 79 "Jilin-1" satellites into orbit, establishing the world's largest sub-meter-level commercial remote-sensing satellite constellation at present. It holds a dominant position in remote-sensing information services and has gradually become an important source of aerospace remote-sensing information globally. It can achieve 7-9 daily revisit times for any location on the globe, and can respond to emergency tasks in as fast as 11 minutes. This index ranks first in the country. Calculated based on the existing satellites in orbit, the "Jilin-1" satellite constellation can achieve 23-25 revisit times per day for any location on the globe, with the ability to cover the whole world twice a year and the whole country six times a year. By making full use of the optical satellite data resources of Changguang Satellite and combining them with the synthetic aperture radar satellite data of our company, it can meet the needs of industries such as surveying and mapping, earthquake monitoring, emergency response, natural resources management, disaster reduction, marine affairs, forestry and grassland, transportation, and water conservancy. Creating a high-resolution and highly-visible satellite "eyeball" will guide and drive the construction of the province's new satellite-based infrastructure, accelerate the exploration of future industries such as geographic information, aerospace, and Beidou applications, promote the development of the 5G + geographic information industry, and support the implementation of the digital transformation strategy.

(4) Talent advantage

Changchun is home to numerous universities, which can provide more than 500,000 high-level talents annually. Changchun New District has signed framework agreements on talent and scientific and technological cooperation with the Changchun Institute of Optics, Fine Mechanics and Physics, the Changchun Institute of Applied Chemistry, Jilin University, and Changchun University of Science and Technology, providing scientific and technological support for the development of enterprises.

1.2 Contents and scale of project construction

The project covers an area of 50,000㎡ and aims to build an aerospace satellite remote sensing application industrial base. It is planned to construct an aerial survey equipment and UAV equipment manufacturing center, a big data hub center, a technology research and development experimental center, an administrative office center, a technical expert service center, and related supporting facilities.

1.3 Total investment of the project and capital raising

The total investment of the project is 3 billion yuan, including the construction investment of 2.4 billion yuan.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 1.88679 billion yuan, its profit will be 566.04 million yuan, its investment payback period will be 7.3 years (after the tax, including the construction period of 2 years), and its return on investment will be 18.87%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

This project will introduce advanced aerial photography and remote sensing technologies, promoting technological innovation in this field in Changchun City and enhancing its competitiveness in the area of aerial photography and remote sensing. At the same time, the construction of this project will drive the development of related industries, create more job opportunities, and contribute to the local economic development. In addition, the implementation of this project will facilitate the upgrading and transformation of Changchun City's aerospace satellite remote sensing industry, improving the overall level and competitiveness of the entire industry. The application of aerial photography and remote sensing technologies can also reduce the consumption of human and material resources, enhance the ability to monitor and protect the environment, and contribute to environmental protection.

1.5 Cooperative way

Domestic joint venture.

1.6 What to be invested by the foreign party

Funds

1.7 Construction site of the project

Beihu Scientific and Technological Development Zone of Changchun New District

1.8 Progress of the project

The project cooperation plan has been prepared.

2. Introduction to the Partner

2.1 Basic information

Name: Changchun New District

Address: No. 5799, Longhu Road, Changchun City

2.2 Overview

Changchun New District boasts remarkable location advantages, a solid industrial foundation, a strong innovation atmosphere, favorable opening-up conditions, and a relatively high carrying capacity. Building Changchun New District well should be regarded as an important measure to accelerate the new-round revitalization of the old industrial bases in Northeast China and other regions, playing a crucial supporting role in promoting the economic development of Jilin Province and the comprehensive revitalization of Northeast China. One of the functions of Changchun New District is to "deepen the cooperation and development of the Tumen River region". In Changchun New District, industries such as equipment manufacturing, agricultural product processing, higher education, and scientific research have obvious advantages. Located in the central hub area of the three northeastern provinces, it has a strong geographical advantage. Coupled with the policy innovation support in the future, it can play a promoting role in the construction of the Harbin-Changchun urban agglomeration and the central urban agglomeration of Jilin Province.

Relying on the existing industrial foundation, the New District focuses on implementing "Internet +" collaborative manufacturing to drive the transformation and upgrading of the manufacturing industry, participate in international production capacity cooperation, and enhance its international market competitiveness. It further optimizes the industrial structure, vigorously develops emerging industries that integrate new-generation information network technology, expands and strengthens modern service industries, creates an economic growth pole radiating to the Harbin-Changchun urban agglomeration, promotes the stable and healthy economic development of Jilin Province, and drives the comprehensive revitalization of the old industrial base in Northeast China.

Beihu Scientific and Technological Development Zone is situated in the northeast of Changchun City, which is one of three major development zones of Changchun New District. It was established in May 2016, and is totally considered as the important technological innovation center in Northeast Asia, composite-hub international inland logistics port facing free trade area, important industrial bases of high-end equipment manufacturing, new material and new resources and bioengineering and pharmaceutical engineering, and the key ecological tourism area in the north of Changchun City.

Spatial arrangement includes two centers, one base and ten parks: Two centers - technological innovation center, international logistics center; One base - advanced manufacturing industrial base; Ten parks - high-end equipment industrial park, optoelectronic intelligence industrial park, bio-pharmaceutical industrial park, Asia-Pacific agriculture and food security industrial park, new energy and new material industrial park, cloud computing industrial park, international business park, professional logistics park, equipment logistics park and e-commerce industrial park.

Actively develop technological research and development, cultural exchange, business financial service, biological medicine, optoelectronic information, new energy and new material, refined and excellent food, modern logistics, and logistics equipment manufacturing industries; vigorously develop logistics-related service industries such as information, management, insurance and finance; further speed up infrastructure construction, try the best to construct a new window, new path and new platform for logistics industry in Northeast Asia; build as international logistics and supply chain hub in Northeast Asia and logistics equipment manufacturing base; strengthen regional integration of technology and finance; accelerate transformation of scientific and technological achievements; improve regional infrastructure construction; increase urban comprehensive service functions; enhance ecological environment protection and wetland park construction; promote the development of cultural tourism and physical education and health industries; and create a charming city area that integrates humanity, technology and ecology.

2.3 Contact method

2.3.1 Contact method of cooperator

Contact person: Li Lu

Tel: +86-18501651905

2.3.2 Contact method of the city (prefecture) where the project is located

Contact unit: Cooperation and Exchange Office of Changchun City

Contact person: Zhang Junjie

Tel: +86-15704317930

Fax: +86-431-82700590

E-mail: xmc82763933@163.com