Dig the shellfish net on October 31China SatcomA report for the third quarter of 2020 was released recently, with revenue of 1909271609.49 yuan, down 1.17% from the same period last year, while net profit belonging to shareholders of listed companies was 335800941.73 yuan, up 9.68% from the same period last year.

By the end of this reporting period, the net assets of China Satcom belonging to shareholders of listed companies were 11510130882.98 yuan, an increase of 1.83% over the end of last year; the net cash flow generated by operating activities was 1145138409.12 yuan, down 0.5% from the same period last year.

According to digging Bei Network, the reason for the change in sales expenses: the current sales expenses are 27.3028 million yuan, down 28.87% from the same period last year, mainly due to the cancellation or postponement of some marketing activities affected by the epidemic.

The reason for the change in R & D expenses: the current R & D expenditure is 39.6527 million yuan, an increase of 21.04% over the same period last year, mainly due to the increase in R & D investment in the current period.

According to the data of Guanbei Network, China Satcom's main business is the operation of satellite space segment and related application services.