According to Zhitong Finance App News, China Satellite (600118.SH) released its 2026 semi-annual performance forecast. The company expects to achieve net profit attributable to parent company owners of 30.5 million yuan to 36.5 million yuan in 2026. Compared with the same period last year, it will turn a loss into a profit.

In the first half of the year, the company made every effort to promote scientific research and production management of key satellite models. The number of contract execution progress points for the satellite development business that met the acceptance conditions increased compared to the same period last year, and revenue and profit increased accordingly. At the same time, the company's satellite application business maintained steady development. It is expected that the company's net profit attributable to the owner of the parent company for the half year 2026 will turn a loss into a profit.

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