China Spacesat Co LtdCompany forecasts swing to profit due to increased contract milestones in satellite manufacturing business.

China Satellite has released its 2026 half-year performance forecast, projecting attributable net profit of 30.5 million to 36.5 million yuan for the first half, swinging from a loss to a profit year-on-year. The company said that the number of contract performance milestones meeting acceptance criteria in its satellite manufacturing business increased compared with the same period last year, leading to a corresponding rise in revenue and profit, while its satellite application business maintained steady development. The company is advancing system restructuring and capability rebuilding around integrated communication, navigation and remote sensing applications, accelerating business transformation. In the secondary market, China Satellite shares hit the daily limit up last Friday, closing at 90.02 yuan, with total market capitalisation rising to 106.4 billion yuan. That day, the A-share commercial aerospace and satellite navigation sectors surged across the board, with more than 50 stocks collectively hitting their daily limit up. Earlier, the Long March 10B carrier rocket successfully achieved controlled first-stage recovery, marking China's first successful controlled recovery of a carrier rocket and the world's first net-based recovery of a carrier rocket, signifying that China has become the second country after the United States to master high-payload reusable rocket technology.
China Spacesat Co LtdCompany forecasts swing to profit due to increased contract milestones in satellite manufacturing business.