Aerospace Hongtu's revenue for 2025 is 448 million yuan, a year-on-year decrease of 71.57%, with a net loss of 1.86 billion yuan and negative net assets

On April 29th, Aerospace Hongtu released its 2025 performance report. Data shows that the company will achieve a revenue of 448 million yuan in 2025, a year-on-year decrease of 71.57%; The net profit attributable to the parent company was -1.86 billion yuan, and the net profit after deducting non recurring expenses was -1.898 billion yuan, with year-on-year expansion of losses. The synchronization of revenue and profit is under significant pressure, with the core driving force being the systemic impact on the special field business - the suspension of military procurement qualifications, resulting in a sharp drop in revenue from 660 million yuan in 2024 to about 50 million yuan, and a shrinking proportion of total revenue from over 80% to less than 1.2%, directly dragging down the overall revenue scale and causing a sharp decline in gross profit margin by 4.04 percentage points to 18.44%. The expansion of losses is mainly due to the increase in provisions for inventory impairment, the rise in credit impairment losses, and the increase in employee severance compensation expenses, among which the non deductible net profit deteriorated by 445 million yuan year-on-year.