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China Satellite Anticipates a First-Half Loss of Between RMB 21.2 and 41.2 Million
6 day ago /
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Author：小编
China Satellite anticipates incurring a loss in the range of RMB 21.2 million to RMB 41.2 million during the first half of 2025. This projected loss is primarily attributed to a year-over-year decline in revenues derived from its satellite development operations. Despite an increase in the volume of aerospace component product deliveries, the gross profit margin remains slim, offering minimal contribution to overall profits. Furthermore, the operating conditions of certain subsidiaries have yet to show significant improvement, hampered by ongoing product upgrades and intensifying market competition.
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