洲际航天科技(01725) - 2025 - 中期业绩

Company Information and Financial Summary Company Profile USPACE Technology Group Limited announced its unaudited interim results for the six months ended June 30, 2025 - Company Name: USPACE Technology Group Limited (洲际航天科技集团有限公司)[2] - Reporting Period: Unaudited interim results for the six months ended June 30, 2025[3] Financial Highlights The Group's continuing operations revenue grew by 16.5% to RMB 172.5 million, gross profit surged 129.1% to RMB 36.2 million, and loss attributable to equity holders decreased 54.7% to RMB 32.4 million, with a significant reduction in loss per share H1 2025 Financial Highlights (Continuing Operations) | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 172.5 | 148.0 | +16.5% | | Gross Profit | 36.2 | 15.8 | +129.1% | | Loss Attributable to Equity Holders of the Company (Continuing and Discontinued Operations) | 32.4 | 71.6 | -54.7% | | Loss for the Period | 48.6 | 86.4 | -43.8% | | Basic and Diluted Loss Per Share (Continuing Operations) | 0.0643 (RMB) | 0.2144 (RMB) | -69.9% | Condensed Consolidated Financial Statements Condensed Consolidated Statement of Profit or Loss For the six months ended June 30, 2025, the Group's continuing operations revenue was RMB 172,499 thousand, gross profit RMB 36,194 thousand, and loss for the period RMB 48,553 thousand, significantly narrowed from the prior year Condensed Consolidated Statement of Profit or Loss Key Data | Metric | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 172,499 | 148,038 | | Cost of Sales | (136,305) | (132,241) | | Gross Profit | 36,194 | 15,797 | | Operating Loss | (42,969) | (76,183) | | Loss from Continuing Operations | (48,553) | (85,206) | | Loss for the Period | (48,553) | (86,398) | | Loss Attributable to Equity Holders of the Company | (32,421) | (71,637) | Condensed Consolidated Statement of Comprehensive Income For the six months ended June 30, 2025, the Group's total comprehensive loss was RMB 50,386 thousand, a reduction from RMB 85,371 thousand in the prior period, driven by narrowed loss and currency translation differences Condensed Consolidated Statement of Comprehensive Income Key Data | Metric | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Loss for the Period | (48,553) | (86,398) | | Currency Translation Differences | (6,897) | 3,368 | | Exchange Differences Arising from Translation of Foreign Operations | 5,064 | (2,341) | | Total Comprehensive Loss for the Period | (50,386) | (85,371) | | Total Comprehensive Loss for the Period Attributable to Equity Holders of the Company | (35,535) | (70,610) | | Basic and Diluted Loss Per Share (Continuing Operations) | RMB (6.43) cents | RMB (21.44) cents | Condensed Consolidated Statement of Financial Position As of June 30, 2025, the Group's total assets were RMB 796,101 thousand, total liabilities RMB 710,271 thousand, and total equity RMB 85,830 thousand, with net current liabilities of RMB 293,040 thousand indicating liquidity pressure Condensed Consolidated Statement of Financial Position Key Data | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Total Assets | 796,101 | 845,169 | | Non-current Assets | 443,549 | 485,676 | | Current Assets | 219,744 | 228,528 | | Assets Classified as Held for Sale | 132,808 | 130,965 | | Total Equity | 85,830 | 136,216 | | Total Liabilities | 710,271 | 708,953 | | Non-current Liabilities | 146,076 | 187,770 | | Current Liabilities | 564,195 | 521,183 | Notes to the Condensed Consolidated Interim Financial Information General Information The company, incorporated in the Cayman Islands, primarily engages in aerospace (satellite manufacturing, data applications, TT&C, launch) and EMS (PCBAs assembly, full assembly electronic products) businesses - The company was incorporated as an exempted limited liability company in the Cayman Islands on March 15, 2017[13] - The Group primarily engages in aerospace business (satellite manufacturing, component manufacturing, precision electronic manufacturing, satellite data applications, satellite TT&C, satellite launch) and EMS business (PCBAs assembly and full assembly electronic product production)[13] - The company's shares were listed on the Main Board of the Hong Kong Stock Exchange on August 16, 2018[14] Basis of Preparation Interim financial information is prepared under HKAS 34 and Listing Rules, to be read with annual statements; the Group faces significant going concern uncertainties, but management has devised financing and operational plans - The interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the HKICPA and the applicable disclosure requirements of the Listing Rules[15] Use of Going Concern Basis The Group reported a net loss of RMB 48,553 thousand and net current liabilities of RMB 293,040 thousand for H1 2025, indicating significant going concern uncertainty; management has implemented various financing and operational strategies to address this - The Group recorded a net loss of RMB 48,553,000 RMB for the six months ended June 30, 2025[16] - As of June 30, 2025, the Group's current liabilities exceeded its current assets by **RMB