Space development: It is expected to incur a net loss of 1 to 1.65 billion yuan by 2025.

Aerospace Development Announcement: It is expected that the net profit for the fiscal year 2025 will be a loss of 1 to 1.65 billion RMB, compared to a loss of 1.673 billion RMB in the same period last year. In 2025, the company will further focus on its main responsibilities and main business, take effective measures to promote business structure optimization, cost reduction, quality improvement, and other work implementation, and continue to promote the stable development of the company. Among them, the new generation of communication and control equipment sector improved its operating performance compared to the previous year by actively deploying a new type of network development direction, vigorously exploring the market, and strengthening accounts receivable collection measures. The blue army system and equipment sector is still operating at a loss in the current period due to factors such as incomplete market recovery and new contract signings falling short of expectations. The losses of the associated enterprises are significant, and the amount of the impact is still under evaluation.