PIESAT(SH:688066)2025-02-27 08:10Financial Performance - Total revenue for 2024 was RMB 1,591,617,047.79, a decrease of 12.49% compared to the previous year[4] - Net profit attributable to shareholders was -RMB 1,432,111,852.83, a decline of 282.71% year-on-year[6] - Basic earnings per share were -5.48, a decrease of 236.20% compared to the previous year[7] Assets and Equity - Total assets at the end of the reporting period were RMB 4,747,223,341.66, down 26.71% from the beginning of the period[6] - Shareholders' equity attributable to the parent company decreased by 57.01% to RMB 981,687,571.75[6] Operational Challenges - The company experienced an 18% decline in new orders compared to the previous year, primarily due to government fiscal pressures[6] - The company’s procurement qualifications in the special field were suspended, impacting its ability to participate in tenders and leading to significant order cancellations[8] - Credit impairment losses increased due to prolonged collection periods from clients, affecting overall profitability[8] Future Outlook - The company plans to focus on satellite constellation data services and explore new growth points to drive high-quality development[8] - The company expects to achieve significant reduction in losses in 2025[8]