Beidou satellite communication: is expected to have a net loss of 230 million to 290 million yuan in 2025.

Beidou Navigation Notice: It is expected that the net profit attributable to shareholders of the listed company in 2025 will be between -290 million yuan and -230 million yuan, compared to -34974.13 million yuan in the same period last year. During the reporting period, the company focused on the smart positioning digital base and ceramic components main business, built the "Cloud Core Integration" model, seized market opportunities, and achieved a reduction in net profit attributable to shareholders. This was mainly due to the expansion of demand in areas such as lawn mowers, smart driving, and consumer electronics, growth in revenue from chip module and antenna product lines, and strategic acquisitions in Shenzhen Tianli to promote the antenna business in vehicle applications. However, overall profitability still suffered from the impairment of goodwill of approximately 1.5 billion yuan, increased research and development expenditures, and the contraction of the special equipment business.