Chinese Satellite: Expected net profit of 30.5-36.5 million yuan in the first half of the year, turning losses into gains year-on-year. Satellite application business maintains steady development.

A Chinese satellite announcement stated that the estimated net profit attributable to shareholders of the listed company for the first half of 2026 is expected to be between 30.5 million and 36.5 million yuan, turning from a loss to a profit compared to the same period last year. In the first half of the year, the company fully promoted the research, production, and management of key satellite models. The progress of contract fulfillment reaching acceptance conditions in satellite development business increased compared to the same period last year, resulting in increased revenue and profits. Meanwhile, the company's satellite application business maintained steady development. The company's net profit for Q2 is estimated to be between 73 million and 79 million yuan, compared to a net loss of 43 million yuan in Q1. Based on this calculation, Q2 net profit is expected to turn from a loss to a profit compared to the previous quarter.