On March 31, China Spacesat Co.Ltd(600118) ( China Spacesat Co.Ltd(600118) . SH) released the annual performance report for 2021. During the reporting period, China Spacesat Co.Ltd(600118) achieved an operating revenue of 7.059 billion yuan, an increase of 074% year-on-year; The net profit attributable to the parent company was 233 million yuan, a year-on-year decrease of 34.03%.
During the reporting period, China Spacesat Co.Ltd(600118) the net profit attributable to the parent company fell sharply in the fourth quarter. The company said that the main reasons were that the aerospace manufacturing business was affected by the pricing policies of relevant products, the gross profit margin of aerospace manufacturing business was reduced, and the technical status of some tasks was changed according to customer needs and common quality problems, the development content was increased, and the project cost was increased.
