Chengchang Technology(SZ:001270) Zheng Quan Shi Bao Wang·2025-10-24 05:11Core Insights - *ST Chengchang (001270) reported significant progress in core business areas including spaceborne, airborne, and ground sectors, with multiple key projects entering mass delivery phase, driving rapid expansion of overall operational scale [1] - The company achieved a year-on-year revenue growth of 204.78% in the first three quarters, with net profit turning from loss to profit [1] - The company is one of the few in China with a complete phased array T/R chip solution and aerospace-grade chip R&D capabilities, leveraging solid technical foundation and industry reputation to deepen customer cooperation and actively explore new markets [1] Business Performance - In the spaceborne sector, the company expanded the range of satellite models covered by its products, with multiple remote sensing satellite projects entering regular mass delivery phase and low Earth orbit satellite business achieving orderly stocking and planned delivery [1] - In the airborne sector, projects that have won bids have entered the mass supply stage, leading to rapid revenue growth [1] - In the ground sector, multiple project reserves have been initiated and are gradually moving into mass production phase [1] Industry Analysis - The penetration rate of phased array technology is steadily increasing across multiple fields, and *ST Chengchang is expected to benefit from proactive capacity layout and order release during the industry's high prosperity cycle, achieving long-term stable growth [1]