Puyin Leasing’s first in orbit remote sensing satellite leasing business successfully landed (satellite leasing service)

In the exploration of China’s leasing industry into space, Puyin Leasing has emerged – on June 29, 2022, Puyin Leasing, together with Pudong Development Bank Changchun Branch, successfully launched a 50 million yuan in orbit remote sensing satellite after-sale leaseback project to satellite companies. This business is the first innovative practice of Puyin Leasing in the aerospace field, marking a new leap of Puyin Leasing from “land, sea, and air” to “land, sea, air, and space” in supporting national strategies and the development of the real economy. Puyin Leasing has also become one of the only three leasing institutions in China’s leasing industry to enter the satellite leasing field first.
After more than half a year of overcoming difficulties, Puyin Leasing and Pudong Development Bank Changchun Branch have formed a strong alliance with China’s leading commercial aerospace enterprises, opening up new space for leasing business to enter the space field. Industry insiders evaluate that the implementation of this business is a remarkable achievement of Puyin Leasing’s focus on leasing returning to its roots, assisting in the implementation of the strategy of building a strong aerospace country, and promoting win-win cooperation between the financial and aerospace industries. It is also a significant contribution of Puyin Leasing’s active promotion of bank leasing collaboration, support for national treasures, and implementation of scientific and technological innovation concepts.
The Party Committee of Puyin Leasing Company attaches great importance to the collaboration between banks and leasing companies, based on the strategic considerations of serving the national strategy and supporting the development of the real economy, and commands from the front. Last year in the second half of the year, Puyin Leasing put forward a forward-looking development strategy of focusing on the development of aerospace, aviation, shipping, and heavy equipment manufacturing leasing businesses, known as the “Three Navigation and One Heavy” development strategy. The company’s president’s office closely linked with the president’s office of the Changchun branch and conducted multiple “bank leasing enterprise” cooperation negotiations in Changchun. Puyin Leasing has established a space assault team consisting of key personnel from various departments including business, review, legal, finance, and risk, focusing on conducting comprehensive industry research and innovative model demonstration in the field of remote sensing satellite leasing. Based on the customer’s future satellite networking plan and asset requirements, we have fully leveraged our differentiated competitive advantages and designed multiple business models for matching. For over half a year, the Puyin Leasing Aerospace Strike Team has overcome the difficulties caused by the successive outbreaks of epidemics in Shanghai and Changchun, and successfully implemented this business based on the final business model.
It is understood that remote sensing satellite leaseback refers to the lessee formally selling their assets to the lessor and then re leasing the assets from the lessor. This leasing model can provide more financial support for the subsequent development of enterprises. Changguang Satellite has highly recognized this cooperation and expressed willingness to join hands with Puyin Leasing in more projects of remote sensing satellite leasing.
The relevant person in charge of Puyin Leasing stated that in the future, they will follow the company’s development concept of “financing+material+intelligence”, try to adopt various other business leasing models to cooperate with Changguang Satellite, and focus on the development prospects of commercial aerospace to help enterprises fully tap the market demand in the field of remote sensing satellites, better promote the digital application of remote sensing satellite technology in ports, logistics, industry, agriculture, urban construction and other fields, and jointly write a new chapter in space remote sensing satellite financing leasing with the commercial aerospace industry, contributing Puyin Leasing’s financial strength to the development of China’s real economy and aerospace industry in the brilliant starry sky.