Formosat-5 remote sensing instrument has successfully passed the thermal cycle and thermal balance test. According to the temperature data of the hot and cold balance test, the thermal property in the simulation model is correlated with the test results. The thermal properties include the interface thermal conductivity and the effective emissivity of the multi-layer insulation. The sensitive analysis of these parameters in simulation compared with the thermal balance test results are used to find the trend to update the parameters in the model. The thermal capacity of the parts in the model is verified by the comparison with the cold transient test. After the model correlation, the temperature difference between the model and the thermal test results are within 5℃. The thermal model after correlation can improve the temperature prediction of the remote sensing instrument in the space.