FilingReader Intelligence
China Satellite Communications forecasts 56% profit decline
July 17, 2025 at 03:44 PM UTC•By 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
SSE:601698•Shanghai Stock Exchange
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