深圳商报·读创客户端记者 穆砚 7月10日晚间，中国东方红卫星股份有限公司（以下简称"中国卫星（600118）"或"公司"）发布2025年 半年度业绩预告。公司预计预计2025年1-6月归母净利润将出现2120万元至4120万元亏损，较上年同期 850万元盈利水平显著下滑。扣除非经常性损益后，亏损幅度进一步扩大至2530万元至4730万元。 公告披露，经财务部门初步测算，公司预计2025年半年度实现归属于母公司所有者的净利润为-4,120万 元到-2,120万元，与上年同期相比，将出现亏损。预计2025年半年度实现归属于母公司所有者的扣除非 经常性损益后的净利润为-4,730万元到-2,530万元。 关于本期业绩预亏的主要原因，中国卫星称，在宇航制造方面，一是卫星研制业务半年度达到验收条件 的合同履约进度节点较少，可确认收入同比下降，而日常经营及备产准备等各项支出持续发生；二是报 告期内宇航部组件产品交付量虽显著增加，但交付增量是以毛利率较低的商业航天产品为主，交付增量 对公司利润贡献较小。在卫星应用方面，受部分产品处于升级换代过渡期、市场竞争激烈等因素影响， 几家子公司经营情况尚未明显好转。基于上述主要原因 ...

Core Insights - Sichuan Chuangzhi Lianheng Technology Co., Ltd. has completed a new round of financing, receiving support from state-owned enterprises, indicating strong investor confidence in the commercial aerospace sector and the company's technology and market recognition [1][3]. Company Overview - Founded in 2018 in Chengdu, Chuangzhi Lianheng focuses on the research and innovation of wireless communication technology, positioning itself as a core provider of next-generation low-orbit satellite communication products and solutions [1][3]. - The company has developed a comprehensive product lineup in the satellite communication field, including space segment communication payloads, ground segment gateway baseband, and user terminal baseband [3][4]. Financial Performance - The satellite communication business of Chuangzhi Lianheng has seen significant revenue growth in the first half of the year, attributed to the company's technological advancements and the accelerated development of satellite internet infrastructure in China [4]. Strategic Focus - With the recent financing, the company plans to concentrate on core technologies and key production capacity, optimizing resource allocation to enhance research and operational efficiency [4]. - The company aims to maintain a clear industry positioning and collaborate with industry partners for mutual benefits and sustainable business growth [4].