China Satellite: Net profit in the third quarter was 45.3029 million yuan, turning losses around year-on-year

On October 28th, China Satellite released its third quarter report for 2025, with revenue of 1.782 billion yuan, a year-on-year increase of 177.31%; The net profit was 45.3029 million yuan, a year-on-year turnaround. The net profit for the first three quarters was 14.8114 million yuan, a year-on-year turnaround. The performance growth in this period is mainly due to the confirmation of revenue from the completion of contract performance milestones for some satellite system development projects during the reporting period; Meanwhile, the company's aerospace department saw a year-on-year increase in business orders for component products and ground system integration projects.