Uroica China Soars with $148M Boost in Rocket Engine Parts Manufacturing

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Shares in Uroica Precision Information Engineering soared by up to 15.5% today after announcing plans to invest 1 billion yuan (approximately $148 million) in constructing a factory dedicated to manufacturing key rocket engine components. The move aims to capitalize on the increasing demand from satellite launch service providers.

By the close of trading, the company’s stock price increased by 3.4%, settling at 8.18 yuan (around $1.21), though earlier in the day, it reached as high as 9.14 yuan.

The new facility, located in Tai’an city in eastern Shandong province, is expected to produce 120 sets of core rocket engine parts annually, including thrust chambers and turbopumps. Construction is projected to take about two years.

Thrust chambers are where fuel combustion occurs to generate thrust, while turbopumps pressurize and deliver propellant—both are vital components in liquid rocket engines.

While specific project details remain limited, the company noted that manufacturing will incorporate 3D printing technology. It also plans to raise 1 billion yuan through a private share offering to fund the project, although investor targets and pricing are yet to be determined.

The focus of this initiative is on precision manufacturing and large-scale production of rocket engine core parts, primarily supporting low-Earth orbit satellite constellation projects. Success could lead the company into mass production of components for reusable rocket engines.

In a related feasibility study, the company highlighted the rising demand for satellite launches as a key driver of growth, citing its extensive experience in precision machining and quality control as strong foundations for entering this new sector.

Earlier this year, the company entered into a strategic cooperation agreement with a private Chinese space firm, Deep Blue Aerospace. The collaboration includes mechanical processing, outsourced production, and supply chain coordination for reusable rocket engine components—marking the company’s first significant step into the commercial aerospace market.

Deep Blue specializes in reusable, liquid-fueled rockets and commercial launch services. Its small test rockets have been reused multiple times, although it has yet to achieve its first orbital launch.