Which leasing companies have done satellite leasing? (Satellite leasing)

The residual heat from the successful launch of Tianzhou-9 cargo spacecraft has not dissipated yet, and a special satellite leasing project in the commercial aerospace field has followed closely.
On July 21, the People’s Government of Tianjin Binhai New Area revealed on its WeChat official account “Binhai Release” that China Merchants Bank Financial Leasing Co., Ltd. (hereinafter referred to as “China Merchants Bank Financial Leasing”) had successfully launched the first SPV satellite leasing business in China, with an asset scale of 30 million yuan.
It is reported that this satellite leasing is jointly promoted with a domestic commercial aerospace enterprise in the form of SPV by the project company, helping it complete the network operation of China’s first low orbit satellite IoT constellation.
In fact, there are many stories of the financial leasing industry’s connection with satellites. In addition to CMB Financial Leasing, financial leasing companies such as Puyin Financial Leasing, Bangyin Financial Leasing, Huiyin Financial Leasing, Jiuyin Financial Leasing, and Aerospace Financial Leasing have all taken a crucial step towards satellite leasing.
In 2019, Jiuyin Golden Leasing was the first to knock on the door of satellite leasing. At that time, 10 out of the 12 commercial remote sensing satellites that had been launched were leased, and a sale and leaseback cooperation was reached with Jiuyin Jinzhu.
Three years later, together with the Changchun branch of Shanghai Pudong Development Bank, Puyin Gold Leasing also invested 50 million yuan in a certain in orbit remote sensing satellite leaseback project. In the same year, the first cloud transportation VDES experimental satellite named after Jinzhu Company, “Aerospace Jinzhu 1”, was successfully launched, and Aerospace Jinzhu also completed its first deployment in the field of commercial aerospace satellites.
In 2023, the launch of the “Puyin-1” remote sensing satellite will be completed; At almost the same time, Huiyin Jinzhu completed its first satellite leaseback and invested 20 million yuan in the “Dongpo 05” satellite, one of the 10 high-resolution remote sensing satellites in the “Tianfu Constellation” of Meishan Huantian Intelligent Technology Co., Ltd.
In May of this year, Bangyin Jinzhu announced that it had successfully launched its first satellite business. The lessee is a high-tech enterprise specializing in satellite applications, and its satellite data and services are widely used in multiple fields such as smart agriculture, smart forestry, smart water conservancy, smart emergency response, and smart environmental protection.
These consecutive satellite leasing cases not only outline a clear trajectory of deep connection between finance and commercial aerospace, but also reflect the continuous exploration of China’s commercial aerospace in the path of market-oriented financing.
Satellites are the core carriers and key application objects in the commercial aerospace field. Simply put, satellite leasing refers to the party that owns satellite assets leasing the right to use the satellite to satellite operation related enterprises at an agreed time and cost. From the perspective of satellite leasing models that have already been implemented, most of them are after-sales leaseback. This type of model involves all satellite companies selling their existing satellites to financial leasing companies and then leasing them back to continue using them. The rental payment cycle is not fixed, usually monthly, but also quarterly or annually, depending on the agreement and business needs of both leasing parties. This not only recovers a large amount of funds but also does not affect the normal operation and use of the satellite, which can greatly alleviate the financial pressure on enterprises.