Zhongke Star Map posts first-half loss of 319 million yuan, revenue down 61.8% year on year

Earnings
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Zhongke Star Map released its 2026 interim report, showing operating revenue of 514 million yuan, down 61.8% year on year, and a net loss attributable to the parent company of 319 million yuan, down 508.0% year on year. Second-quarter operating revenue was 312 million yuan, down 63.1% year on year, with a net loss attributable to the parent company of 170 million yuan. The company said that during the reporting period it proactively scaled back its traditional geographic information business and shifted resources toward emerging fields such as commercial aerospace and the low-altitude economy, but the emerging businesses have not yet generated revenue at scale and could not offset the impact of the contraction in the traditional business. Research and development spending as a share of operating revenue rose by 46.94 percentage points compared with the same period last year, mainly due to increased R&D investment in emerging industries.

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