Who are China Spacesat's main competitors?

Named competitors: China Satellite Communications (601698.SS), Thales Alenia Space (private or unlisted), Airbus Defence and Space (private or unlisted), Maxar Technologies (private or unlisted), Rocket Lab (RKLB), Planet Labs (PL). The cockpit's measured peer set (industry) also includes ViaSat (VSAT), Shenzhen Transsion (2636.HK), Huaqin (3296.HK), Yealink Network Technology (300628.SZ), Zhejiang Dahua Technology (002236.SZ), TCL Technology (000100.SZ).

Is China Spacesat expensive compared with its peers?

On forward p/e it trades at 531.4× against a peer median of 21.5×, 2nd most expensive of 18 in its peer set.

How has China Spacesat stock performed?

Over six months to 6 Nov 2026 the shares returned -46.5% against -30.2% for the median peer; over one year +54.7%.

← CockpitCompetitor Analysis › 600118.SS China Spacesat Co., Ltd. Class AOpen in the cockpit ↗

China Spacesat Co., Ltd. Class A600118.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Telecommunications Equipment

State-owned Chinese satellite maker building small/micro satellites and satellite ground and navigation application systems.

≈ A much smaller Lockheed Martin SpaceMomentum weak 24

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$9.75B

US dollars, full cap

Free float

48%

of shares outstanding

$/day

$247M

20-day average traded

Fwd P/E

531.4×

forward earnings

ROIC−WACC

-8.2 pp

WACC 10.9%

Hurdle

n/a

no reverse DCF

Next earnings

140 days

26 Mar 2027

Close · CNYCN¥55.00

1D-3.3%

1W-1.6%

1M-2.6%

3M-8.0%

6M-46.5%

YTD-42.1%

1Y+54.7%

ATR %5.6%

52w lowhigh57.0% off high

What China Spacesat does

State-owned Chinese satellite maker building small/micro satellites and satellite ground and navigation application systems.

In one line: A much smaller Lockheed Martin Space.

Products and services

Small/micro satellite manufacturing
Satellite navigation (BeiDou) applications
Satellite ground equipment
Remote sensing data services

Customers

Chinese government/military
State agencies
Commercial satellite operators

Where it sits in the supply chain

Aerospace & defense
Satellite manufacturing
Satellites, ground equipment…

What could go right

China's satellite internet (Guowang) buildout
BeiDou commercial application growth

What could go wrong

Reliant on state program budgets/timing
Thin visibility given defense-linked disclosure limits

Moat: narrow (regulatory licence, IP / patents, scale). State-backed unit of China's main space contractor (CASC) with qualified access to government satellite programs.

Headquarters: Beijing, China · Founded: 1997 · Employees: 3,105

Named competitors

China Satellite Communications 601698.SS
Thales Alenia Space private or unlisted
Airbus Defence and Space private or unlisted
Maxar Technologies private or unlisted
Rocket Lab RKLB
Planet Labs PL
Redwire RDW

China Spacesat at a glance

Size China Spacesat (600118.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $9.75B, the 256th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥55.00 on 6 Nov 2026.

Performance Over six months the shares fell 46.5%, against -30.2% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue grew 5.8% over the last twelve months (peer median +14.9%); the operating margin is 0.6% (peer median 4.0%).

Valuation It trades at 531.4× forward earnings against a peer median of 21.5× (2nd most expensive of 18).

Capital Return on invested capital runs 8.2 points below its cost of capital (10.9% WACC).

Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: China Spacesat against the median of its 20 peers (local-currency closes).

China Spacesat financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥6.96B	CN¥6.09B	CN¥5.14B	CN¥6.88B	CN¥8.24B
Revenue growth	—	+18%	-25%	-17%	—
Gross profit	CN¥1.02B	CN¥494M	CN¥548M	CN¥759M	CN¥784M
EBITDA	n/a	CN¥326M	CN¥308M	CN¥415M	CN¥526M
Net income	CN¥106M	CN¥35.6M	CN¥27.9M	CN¥158M	CN¥285M
Free cash flow	CN¥95.6M	CN¥155M	-CN¥523M	-CN¥1.29B	CN¥115M
Capital expenditure	CN¥185M	CN¥211M	CN¥207M	CN¥219M	CN¥172M
Total debt	CN¥846M	CN¥992M	CN¥861M	CN¥880M	CN¥1.18B

Quarterly statements and history in the cockpit →

China Spacesat competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. China Spacesat is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. China Spacesat is the large dot.

China Spacesat competitors and peer comparison

Head to head with its named competitors (600118.SS vs 601698.SS vs RKLB vs PL)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
China Spacesat 600118.SS	$9.75B	-46%	+6%	1%	531.4×	n/a
China Satellite Communications 601698.SS	$13.9B	-40%	-2%	10%	n/a	40.0%
Rocket Lab RKLB	$31.8B	-50%	+53%	-29%	n/a	n/a
Planet Labs PBC PL	$4.57B	-68%	+44%	-26%	n/a	n/a
Redwire RDW	$1.80B	-35%	+63%	-41%	n/a	n/a

How China Spacesat compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

China Spacesat against its 20 peers (data as of 6 Nov 2026)
Measure	600118.SS	Peer median	Rank in peer set
1-month return	-2.6%	-5.6%	6th highest of 20
6-month return	-46.5%	-30.2%	7th lowest of 20
Distance from 52-week high	-57.0%	-46.3%	8th lowest of 21
Revenue growth (TTM)	+5.8%	+14.9%	9th lowest of 21
Operating margin	0.6%	4.0%	5th lowest of 21
Forward P/E	531.4×	21.5×	2nd most expensive of 18
ROIC minus cost of capital	-8.2 pp	-1.5 pp	4th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
China Spacesat 600118.SS	China	$9.75B	-46%	+6%	1%	531.4×	n/a	n/a
ViaSat VSAT	United States	$8.81B	-9%	+1%	2%	n/a	42.8%	+15.5%
Shenzhen Transsion 2636.HK	Hong Kong	$11.3B	n/a	+4%	5%	10.6×	n/a	n/a
Huaqin 3296.HK	Hong Kong	$12.7B	-30%	+35%	2%	12.3×	n/a	n/a
Yealink Network Technology 300628.SZ	China	$7.50B	+8%	+17%	46%	16.2×	4.3%	+17.0%
Zhejiang Dahua Technology 002236.SZ	China	$7.04B	-21%	+7%	7%	12.3×	n/a	n/a
TCL Technology 000100.SZ	China	$15.0B	+7%	+5%	0%	13.1×	-4.7%	+19.1%
Shenzhen Sunway Communication 300136.SZ	China	$6.14B	-54%	+2%	9%	47.1×	30.6%	+6.9%
Fiberhome Telecommunication Technologies 600498.SS	China	$5.50B	-42%	+16%	1%	21.5×	12.8%	+3.4%
ZTE 000063.SZ	China	$19.0B	-23%	+14%	1%	24.2×	19.0%	+5.6%
ZTE 0763.HK	Hong Kong	$19.0B	-27%	+20%	1%	14.6×	17.5%	+4.9%
Jiang Su Etern 600105.SS	China	$4.82B	-48%	+49%	12%	24.4×	n/a	n/a
QuantumCTek 688027.SS	China	$4.60B	-48%	-19%	-33%	4,259.0×	n/a	n/a
Ohb OHB.DE	Germany	$4.45B	-61%	+18%	5%	60.7×	n/a	n/a
Accton Technology 2345.TW	Taiwan	$21.6B	-49%	+82%	14%	12.5×	4.5%	+35.4%
Huber + Suhner HUBN.SW	Switzerland	$3.49B	-44%	-4%	9%	30.9×	11.1%	+3.2%
Digital China 000034.SZ	China	$3.16B	-22%	+28%	1%	26.6×	n/a	n/a
Ondas ONDS	United States	$3.11B	-41%	+979%	-127%	n/a	n/a	n/a
Ciena CIEN	United States	$34.5B	-56%	+33%	14%	23.4×	29.0%	+6.2%
Telefonaktiebolaget LM Ericsson ERIC-A.ST	Sweden	$34.9B	-9%	-4%	14%	17.3×	-8.7%	+0.4%
GN Store Nord A/S GN.CO	Denmark	$2.70B	+30%	-26%	3%	n/a	18.5%	+4.7%

Questions

Who are China Spacesat's main competitors?: Named competitors: China Satellite Communications (601698.SS), Thales Alenia Space (private or unlisted), Airbus Defence and Space (private or unlisted), Maxar Technologies (private or unlisted), Rocket Lab (RKLB), Planet Labs (PL). The cockpit's measured peer set (industry) also includes ViaSat (VSAT), Shenzhen Transsion (2636.HK), Huaqin (3296.HK), Yealink Network Technology (300628.SZ), Zhejiang Dahua Technology (002236.SZ), TCL Technology (000100.SZ).
Is China Spacesat expensive compared with its peers?: On forward p/e it trades at 531.4× against a peer median of 21.5×, 2nd most expensive of 18 in its peer set.
How has China Spacesat stock performed?: Over six months to 6 Nov 2026 the shares returned -46.5% against -30.2% for the median peer; over one year +54.7%.