中国卫星(600118) - 2025 Q2 - 季度业绩预告

China Spacesat Co., Ltd. 2025 Semi-Annual Performance Forecast Important Notice This announcement provides China Spacesat Co., Ltd.'s 2025 semi-annual performance forecast, highlighting potential risks for investors - This announcement serves as China Spacesat Co., Ltd.'s 2025 semi-annual performance forecast, advising investors to consider the forecast details and potential risks[1][2] I. Current Period Performance Forecast The company anticipates a loss for the first half of 2025, with net profit attributable to shareholders projected between -41.2 million and -21.2 million yuan, and non-recurring adjusted net profit between -47.3 million and -25.3 million yuan, based on unaudited data (I) Performance Forecast Period - The performance forecast period is from January 1, 2025, to June 30, 2025[3] (II) Performance Forecast Details 2025 Semi-Annual Performance Forecast (Preliminary Estimates) | Indicator | Estimated Amount (Million Yuan) | Notes | | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -41.2 to -21.2 | Expected to incur a loss compared to the same period last year | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -47.3 to -25.3 | | (III) Unaudited Performance Forecast Data - This performance forecast data has not been audited by a certified public accountant[3] II. Prior Period Operating Performance and Financial Position The company discloses its 2024 semi-annual operating results, including total profit, net profit attributable to parent, non-recurring adjusted net profit, and earnings per share, providing a comparative baseline for the current forecast (I) Total Profit, Net Profit Attributable to Parent Company Shareholders, and Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses 2024 Semi-Annual Operating Performance (Prior Period) | Indicator | Amount (Million Yuan) | | :--- | :--- | | Total Profit | -2.47 | | Net Profit Attributable to Parent Company Shareholders | 8.50 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 2.31 | (II) Earnings Per Share 2024 Semi-Annual Earnings Per Share (Prior Period) | Indicator | Amount (Yuan/Share) | | :--- | :--- | | Earnings Per Share | 0.01 | III. Primary Reasons for Current Period's Expected Loss The company's anticipated loss is primarily due to declining satellite manufacturing revenue, increased low-margin commercial aerospace products, and ongoing operational challenges in satellite application subsidiaries - Aerospace Manufacturing: * Fewer contract performance milestones for satellite development business met acceptance conditions in the first half, leading to a year-on-year decrease in recognizable revenue, while daily operating and production preparation expenses continued to accrue[6] * Although the delivery volume of aerospace components significantly increased, the incremental deliveries primarily consisted of lower-margin commercial aerospace products, contributing less to the company's profit[6] - Satellite Applications: * Several subsidiaries' operating conditions have not significantly improved, influenced by factors such as some products being in a transition period for upgrades and intense market competition[6] - Company Response Measures: * Intensify efforts to accelerate the implementation of key projects and task deliveries[6] * Focus on industry user needs and continuously optimize products and services[6] * Strive to open new tracks in commercial aerospace and satellite applications, accelerating relevant business transformation[6] * Continuously strengthen cost management and risk prevention and control, addressing challenges from changes in the industry environment through refined management[6] IV. Risk Warning The company has not identified any significant uncertainties affecting the accuracy of this performance forecast, but emphasizes that the data remains unaudited - As of now, the company has not identified any significant uncertainties affecting the accuracy of this performance forecast[7] - This performance forecast has not been audited by a certified public accountant[7] V. Other Explanatory Matters This forecast presents preliminary results, with final financial data subject to the company's official 2025 semi-annual report, urging investors to be aware of investment risks - The forecast data represents preliminary calculations, and the specific, accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[8] - Investors are kindly advised to be aware of investment risks[8] Notice is Hereby Given This announcement was officially issued by the Board of Directors of China Spacesat Co., Ltd. on July 11, 2025 - The announcement was issued by the Board of Directors of China Spacesat Co., Ltd., with a publication date of July 11, 2025[9][10]