Sky Defense: It is expected that the net profit in 2025 will be negative, with an estimated range of -120 million yuan to -90 million yuan.

Tianhe Defense announced that it is expected to have a negative net profit in 2025, estimated to be between -120 million yuan and -90 million yuan. The company stated that despite the year-on-year increase in revenue from military products, and an increase in revenue from communication and electronics business in the civilian sector compared to the same period last year, the continued increase in research and development investment in key core technologies has had a certain impact on the company's performance.