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China Satellite Communications Co., Ltd. (china-satcom) — space-satellite sector, headquartered in CN. A fuller profile is pending; the supply-risk report draws on the sector-level critical-mineral exposures and the primary-sourced policy register.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 12 suppliers, 6 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Named individually (not coded) in the filing's mandatory '>50%-of-annual-procurement single supplier' disclosure table, triggered for the first time in FY2025 — FY2024's equivalent disclosure box was unchecked, so no FY2024 single-supplier % is directly comparable; see the two dated procurement-category rows below for a genuine FY2024/FY2025 comparison. CASC is China Satcom's controlling parent (69.78% shares, 79.32% votes) and this line is the primary-source confirmation that CASC-group entities (its CAST/SAST manufacturing academies) are the dominant supplier behind the dossier's own flagged, previously-unverified satellite-manufacturing relationship.
RMB 562,443,730.16 procured in FY2025 (aggregate of commonly-controlled CASC-group units, per the filing's own related-party-transaction table; no per-entity breakdown given). Ties to an outstanding satellite-delivery contract with CASC-group units worth RMB 940.03m total, RMB 799.03m unpaid as of 2025-12-31 (same filing, 关联方承诺 note).
RMB 504,439,646.02 — FY2024 comparative figure disclosed in the FY2025 filing's own prior-period column (+11.5% FY2024→FY2025).
RMB 300,769,811.33 procured in FY2025. Ties to an outstanding launch-vehicle R&D contract with CASC-group units worth RMB 235.92m total, RMB 165.144m unpaid as of 2025-12-31 (same filing, 关联方承诺 note).
RMB 286,000,000.00 — FY2024 comparative figure disclosed in the FY2025 filing's own prior-period column (+5.2% FY2024→FY2025).
Equity-method associate (联营企业), below top-5 on both sides. As China Satcom's customer: RMB 26.21m space-segment operating services + RMB 54.82m other services in FY2025 (RMB 20.29m + RMB 48.87m FY2024). As China Satcom's supplier: RMB 10.90m of labor services bought in FY2025 (RMB 8.35m FY2024).
Equity-method associate (联营企业), below top-5 on both sides. As China Satcom's customer: RMB 16.18m services in FY2025 (RMB 10.15m FY2024). As China Satcom's supplier: RMB 27.87m labor services sold to China Satcom in FY2025 — a new line, nil/blank in FY2024. China Satcom also guarantees RMB 163.4m of this associate's debt (关联担保 note), unresolved as of period-end (\"债务履行期届满\", i.e. already past due).
RMB 83,185,840.71 procured in H1-2026 (18.69% of the filing's same-category related-party procurement total, not of total procurement; unaudited interim). Satellite-delivery contract commitments unchanged at 2026-06-30: RMB 799.03m of RMB 940.03m still unpaid, identical to 2025-12-31 (关联方承诺 note).
RMB 330,553,281.01 — H1-2025 comparative from the H1-2026 filing (-74.8% H1-2025→H1-2026).
RMB 117,000,000.00 — H1-2025 comparative from the H1-2026 filing. No launch-vehicle line appears in the H1-2026 column of the same table (blank, not a stated zero); the launch-vehicle R&D contract commitment is unchanged at RMB 165.144m unpaid of RMB 235.92m.
China Satcom SOLD RMB 16,869,497.20 space-segment operating services + RMB 19,115,262.80 other goods/services to CASC-group units in H1-2026 (H1-2025 comparative: RMB 22,294,805.66 + RMB 134,162.96). Unaudited interim; CASC also appears as a customer, not only the dominant supplier.
H1-2025 comparative from the H1-2026 filing: RMB 22,294,805.66 space-segment operating services + RMB 134,162.96 other goods/services.
Equity-method associate (30.00%). As customer: RMB 10,768,628.03 space-segment operating services + RMB 26,202,420.86 other services (H1-2025: RMB 11,074,623.70 + RMB 27,531,782.56). As supplier: RMB 1,571,145.67 goods/services bought (H1-2025: RMB 6,203,075.79). Figures cover the associate AND its subsidiaries (及其下属单位). Unaudited interim.
Equity-method associate (20.00%). As customer: RMB 185,586.46 space-segment + RMB 7,576,543.08 services (H1-2025: RMB 21,093.04 + RMB 8,031,698.70). As supplier: no H1-2026 purchase line (blank; H1-2025 comparative RMB 12,019,540.70 labor services; FY2025 RMB 27.87m). China Satcom's RMB 163,439,628.52 guarantee of its debt is unchanged and still not discharged at 2026-06-30; associate H1-2026 net loss RMB 44.23m, equity RMB 31.21m.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency by model default, not a company disclosure; the top 3 are its binding chokepoints. If this company actually produces one of these materials rather than buying it, that would be misclassified here — no producer-classifier entry exists for any of them.
Dossier discloses a dysprosium, terbium or samarium material exposure directly — A61 §1(2) names Dy/Tb-containing NdFeB and SmCo magnets by element.
A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.
As a buyer, policy pressure across its consumed materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.