PIESAT(SH:688066) Ge Long Hui·2025-08-29 21:09Core Viewpoint - Aerospace Hongtu (688066.SH) has signed a significant contract worth approximately 990 million RMB (excluding tax) with Client A for satellite and ground system procurement, marking a major breakthrough in the company's international business operations [1] Group 1: Contract Details - The contract amount is approximately 990 million RMB (excluding tax) [1] - The contract pertains to the procurement of a satellite and ground system for a foreign country [1] - This contract represents the company's first engagement in providing satellite on-orbit delivery services to international clients [1] Group 2: Business Implications - The signing of this contract reflects a significant milestone in the company's overseas business development [1] - The contract amount is the highest recorded for a single project in the company's history [1] - Successful execution of this project could enhance the company's reputation and capabilities in the international market [1]