FilingReader Intelligence

China Satellite Communications forecasts 56% profit decline

July 17, 2025 at 03:44 PM UTCBy FilingReader AI

China Satellite Communications expects net profit of approximately 180 million yuan for the first half of 2025, down 56% year-on-year.

The decline is attributed to the absence of a 230 million yuan insurance payout for the ChinaSat 6C satellite received in 2024. Excluding non-recurring items, net profit is projected to remain stable.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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