China Spacesat(SH:600118)2024-07-08 09:17Financial Performance - The company expects a net profit attributable to shareholders of 6.9 million to 10.2 million yuan for the first half of 2024, a decrease of 95.05% to 92.69% compared to the same period last year[2]. - The net profit after deducting non-recurring gains and losses is projected to be 1.85 million to 2.75 million yuan, reflecting a decline of 98.69% to 98.06% year-on-year[2]. - The total profit for the same period last year was 163.93 million yuan, with a net profit attributable to shareholders of 139.44 million yuan[4]. - The company reported earnings per share of 0.12 yuan for the previous year[5]. Performance Challenges - The decline in performance is attributed to concentrated customer base, intensified market competition, delayed user demand adjustments, and reduced new orders and backlog[5]. Strategic Focus - The company plans to focus on core responsibilities, ensure completion of research and production tasks, and enhance market development and innovation[5]. - The company aims to strengthen product innovation and cost control to promote high-quality development[5]. Earnings Forecast - The company has not identified any significant uncertainties affecting the accuracy of this earnings forecast[6]. - The earnings forecast data is preliminary and has not been audited by registered accountants[3]. - Investors are advised to pay attention to investment risks as the final financial data will be disclosed in the official report[7].