Piesat Information Technology Co., Ltd. Class A
SSSE:6880667.05
CNY
-0.30
(-4.08%)
Piesat Information Technology Co., Ltd. Class A
SSE:688066
(Shanghai Stock Exchange)
Recent
price
7.05
P/E
ratio
- -
div
yld
1.33%
ROIC.AI
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- Business
- Piesat Information Technology Co., Ltd. is a leading Chinese company specializing in satellite internet services and remote sensing technology. Founded in 2008 and headquartered in Beijing, the company develops and provides a broad range of products and services centered around satellite application software, including the PIE series of satellite image and data processing software: PIE for general remote sensing image processing, PIE-Ortho for satellite image surveying and mapping, PIE-SAR for synthetic aperture radar image processing, PIE-Hyp for hyperspectral image processing, PIE-UAV for unmanned aerial vehicle data processing, PIE-SIAS for scale-set image analysis, and PIE-AI for intelligent interpretation of remote sensing images. Additionally, Piesat offers PIE-Map for 2D and 3D visualization of large-scale scenes; PIE-Engine, a remote sensing cloud computing platform; and PIE-SDK for secondary development to enable comprehensive satellite data application solutions. The company also designs and develops satellite operation systems and provides spatial information application solutions for industries such as oil and gas, power, ecological environment, water conservancy, surveying and mapping, marine, smart city, agriculture, emergency management, forestry, and meteorology. In recent years, Piesat has undertaken major strategic initiatives including the development and successful launch of the "Nuwa Constellation," China’s largest multi-level, multi-mode hybrid remote sensing satellite constellation, with 54 planned satellites and the first four radar remote sensing satellites launched in March 2023. This expansion significantly enhances its operational capabilities across the satellite industry chain. The company has also established a nationwide UAV production and service system to create an integrated space-air-ground service platform. Internationally, Piesat has expanded its presence with branch offices in 15 countries, including Australia, the United Kingdom, and Switzerland. Notably, in 2025, Piesat entered a strategic partnership with Pakistan involving a $406 million deal to supply over 20 imaging and communication satellites, featuring full technology transfer for in-country satellite manufacturing, signaling a major step in international expansion and technological collaboration. Piesat operates primarily in the satellite internet, remote sensing, geographic information system (GIS), and cloud computing industries, serving government, military, enterprise, and academic customers. Its business segments include software product sales, system design and development, data analysis application services, and cloud-based spatial information services. The company’s geographic footprint covers China extensively, with a network of over 200 branches nationwide, and a growing international market presence. Piesat continues to focus on developing core technologies and platforms with independent intellectual property rights, and it participates in major national global strategy projects, emphasizing its role as a comprehensive provider in the satellite data and application ecosystem. This extensive portfolio of software and service offerings positions Piesat as a crucial player in satellite application technology, supporting diverse sectors with spatial infrastructure planning, disaster monitoring and early warning, meteorological forecasting, ecological monitoring, and smart city initiatives. Its cloud platform capabilities facilitate the integration of big data, satellite, UAV, and AI technologies to deliver customized applications and industry solutions. Headquartered in Beijing, Piesat Information Technology Co., Ltd. remains committed to advancing satellite remote sensing and spatial information technologies, underpinning its vision to serve both terrestrial and space community needs through innovation and global expansion.