China Great Wall Industry Corporation中国长城工业集团有限公司

A wholly owned first-tier subsidiary of China Aerospace Science and Technology Corporation (CASC), which sells commercial launches on Long March rockets abroad, and “in-orbit delivery of complete satellites” — satellite, launch, ground stations and personnel training bundled together and handed over to the buyer in orbit. Business registration: unified social credit code 91110000100000198H, established 1980-10-16, formerly China Great Wall Industry Corporation (中国长城工业总公司), type: limited liability company (sole corporate shareholder), CASC holding 100%, legal representative Li Dong.

⚠️ The three “China Great Wall”s are not the same company; this is the easiest set of names to confuse in Chinese: Shenzhen-listed 000066 「中国长城」 makes computers and information technology (part of the CETC group); 「中国长城资产管理」 is a distressed-asset management company; neither has anything to do with this company.

This site cannot find any revenue figure for this company. It is unlisted, has no bond prospectus and no public audit report, and CASC does not disclose segment revenue for its subsidiaries. And one point needs specific clarification: Hong Kong-listed 0031 「航天控股」 (China Aerospace International Holdings) is not the listed vehicle for this business — its first-half 2025 revenue was HKD 2.023 billion, its segments are injection moulding, LCD displays, printed circuit boards, smart chargers and property investment, and the full text of its interim report contains no mention of launch services and no mention of Great Wall Industry. CASC's website does carry a page describing China Aerospace International Holdings as its Hong Kong-listed subsidiary, but that page stops in 2010. Conclusion: this business has no listed vehicle.

The sanctions history is better documented than the finances — because the US filings are publicly searchable and the Chinese financials are not. All four verifiable US sanctions actions have been waived or have expired, and this site has found no US sanctions currently in force (see the per-item dates in the key data section). ⚠️ But there are three lists whose current text this site could not obtain: the Department of Defense's 1260H “Chinese military companies” list, the Commerce Department's Entity List, and the NS-CMIC investment-ban list. These three are treated as “not verified”, not as “not listed”.

The centre of gravity of the business has shifted; it has not gone quiet — and the distinction is worth the reader's attention. The classic pattern of in-orbit delivery of complete satellites to developing-country governments (Nigeria, Venezuela, Laos, Belarus, Bolivia, Algeria) largely stopped after Algeria-1 (阿尔及利亚一号) in 2017, and the PakSat-MM1 delivered to Pakistan in 2024 is a rare instance. What it is busy with now are two things: acting as launch agent for Chinese commercial constellations (Qianfan, Geely, Siwei Gaojing / 四维高景, PIESAT), and carrying out small remote-sensing in-orbit deliveries and rideshares for Pakistan, Algeria, Egypt, the UAE and Thailand. Its most recent publicly disclosed launch service was on 2026-08-25. This is a migration of the business model, not a contraction — but the two look the same if you only look at whether there are big-ticket deals.