Beijing BDStar navigates loss, revenue decline in 2024

Beijing BDStar Navigation (SZSE:002151) reported a ¥349.7 million net loss for 2024 alongside a 63.30% revenue decline, to ¥1.498 billion. Despite these figures, the board has proposed no cash dividend or bonus share issue and outlined strategic shifts for the next decade. Revenue decline was partially offset by an increase in earnings from government subsidies and strategic shifts within the organization. As a strategic initiative to boost internationalization, the firm also intends to accelerate the development of the company's next-generation of satellite and data products.