China Aerospace Holdings (00031.HK) announced that as of June 30, 2024, the unaudited revenue of the company and its subsidiaries was HK$1.825 billion, a 5.26% increase compared to the same period in 2023; the net loss for this period was HK$59.093 million, compared to a net profit of HK$55.065 million in the same period in 2023, resulting in a loss. The loss per share is HK$0.93.

In the face of the continuous decline in overseas markets, the board of directors and management team have jointly made efforts to lead industrial enterprises to continue their efforts in the ever-changing environment, deeply study market demand and trends, actively expand domestic and foreign markets, stabilize existing markets, and develop new ones in response to intense industry competition. Meanwhile, industrial enterprises continue to optimize their business, market, and product structures around market and company order demands, and improve quality and reduce costs through research collaboration at the Institute of Intelligent Manufacturing. During the period, the technology and industrial businesses achieved satisfactory results, with a significant increase in operating profits.