CHINA SPACESAT CO. LTD.

CHINA SPACESAT CO. LTD. — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	5.2B	6.9B	8.2B	7.2B	7.0B	6.5B	7.6B	7.4B	6.3B	5.4B	4.7B	4.8B	4.3B	3.6B	3.0B	2.4B	2.0B	1.5B	903.0M	441.0M
Revenue Growth %	-25.1%	-16.5%	15.3%	2.1%	8.4%	-14.8%	2.7%	16.5%	16.3%	16.8%	-2.9%	12.7%	18.0%	19.1%	24.5%	21.5%	31.6%	68.7%	104.8%	--
Total Revenue	5.2B	6.9B	8.2B	7.2B	7.0B	6.5B	7.6B	7.4B	6.3B	5.4B	4.7B	4.8B	4.3B	3.6B	3.0B	2.4B	2.0B	1.5B	903.0M	441.0M
Cost Of Revenue	4.5B	6.1B	7.4B	6.2B	6.0B	5.5B	6.5B	6.4B	5.5B	4.7B	4.0B	4.2B	3.7B	3.1B	2.6B	2.1B	1.7B	1.3B	780.0M	375.0M
+Gross Profit	607.0M	818.0M	875.0M	936.0M	967.0M	924.0M	1.0B	956.0M	856.0M	771.0M	688.0M	554.0M	572.0M	504.0M	438.0M	369.0M	313.0M	249.0M	123.0M	66.0M
Gross Margin %	11.8%	11.9%	10.6%	13.1%	13.8%	14.3%	13.6%	12.9%	13.5%	14.2%	14.8%	11.5%	13.4%	14.0%	14.5%	15.2%	15.6%	16.3%	13.6%	15.0%
Total Operating Cost	5.3B	6.8B	8.0B	6.9B	6.6B	6.1B	7.1B	6.9B	5.9B	5.0B	4.3B	4.5B	4.0B	3.4B	2.8B	2.2B	1.8B	1.4B	826.0M	419.0M
Selling Expenses	43.4M	66.2M	92.3M	102.0M	86.1M	88.6M	87.2M	76.3M	61.8M	54.6M	42.2M	31.9M	42.9M	41.0M	31.6M	22.8M	14.5M	10.3M	14.6M	14.8M
Admin Expenses	394.0M	392.0M	350.0M	326.0M	298.0M	323.0M	317.0M	289.0M	323.0M	308.0M	294.0M	257.0M	262.0M	184.0M	164.0M	128.0M	105.0M	98.1M	30.4M	32.3M
Rd Expenses	114.0M	155.0M	196.0M	199.0M	180.0M	113.0M	108.0M	59.6M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-5.0M	-31.3M	-44.8M	-13.6M	-42.3M	-31.9M	-7.3M	-27.0M	-15.8M	-61.7M	-81.2M	-51.3M	-33.3M	-23.5M	-22.5M	-14.7M	-23.4M	-11.5M	-4.3M	-4.0M
+Operating Income	-60.0M	167.0M	339.0M	347.0M	477.0M	414.0M	530.0M	558.0M	476.0M	449.0M	410.0M	312.0M	293.0M	257.0M	239.0M	216.0M	203.0M	163.0M	75.9M	11.0M
Operating Margin %	-1.2%	2.4%	4.1%	4.9%	6.8%	6.4%	7.0%	7.6%	7.5%	8.2%	8.8%	6.5%	6.9%	7.1%	7.9%	8.9%	10.1%	10.7%	8.4%	2.5%
Non Operating Income	359,500	291,800	345,700	1.0M	986,300	2.8M	2.0M	4.3M	48.5M	48.8M	56.1M	72.7M	56.8M	25.8M	10.0M	5.1M	329,400	662,400	1.5M	100.00
Non Operating Expenses	481,000	1.6M	1.6M	2.3M	1.1M	1.4M	283,600	139,600	705,800	143,500	96,100	715,600	1.2M	471,700	590,800	393,900	1.6M	353,500	555,400	406,400
Investment Income	17.0M	6.8M	83.1M	1.6M	-8.1M	-11.1M	9.2M	5.1M	-1.3M	1.0M	-299,900	9.2M	-17,800	-1.2M	--	--	58,300	26.6M	-2.0M	-11.8M
Fair Value Change Income	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	387,900	--
Asset Disposal Income	11,300	161,200	7,700	--	--	-34,600	-33,400	-41,300	9.1M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	97.9M	19.3M	30.1M	11.4M	-7.8M	--	7.8M	3.7M	-1.4M	16.2M	16.1M	24.0M	-1.3M	33.3M	11.8M	10.7M	4.1M	9.7M	2.7M	--
Other Income	39.6M	36.0M	46.5M	63.8M	53.2M	43.9M	25.7M	21.1M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	-60.1M	166.0M	337.0M	346.0M	477.0M	415.0M	532.0M	562.0M	524.0M	497.0M	466.0M	384.0M	349.0M	283.0M	248.0M	221.0M	202.0M	163.0M	76.9M	11.8M
Income Tax	-29.5M	-3.8M	-21.0M	20.8M	50.6M	31.9M	62.8M	68.9M	63.5M	53.1M	56.1M	17.0M	42.9M	25.6M	19.3M	17.5M	24.4M	22.0M	10.6M	4.6M
+Net Income	-30.6M	169.0M	358.0M	325.0M	426.0M	383.0M	469.0M	493.0M	461.0M	444.0M	410.0M	367.0M	306.0M	257.0M	229.0M	203.0M	177.0M	141.0M	66.3M	7.2M
Net Margin %	-0.6%	2.5%	4.3%	4.5%	6.1%	5.9%	6.2%	6.7%	7.3%	8.1%	8.8%	7.6%	7.2%	7.1%	7.6%	8.3%	8.8%	9.3%	7.3%	1.6%
Net Income Attributable	27.9M	158.0M	285.0M	234.0M	354.0M	336.0M	418.0M	410.0M	398.0M	383.0M	356.0M	306.0M	271.0M	233.0M	210.0M	196.0M	174.0M	132.0M	62.6M	6.4M
Minority Interest	-58.5M	12.0M	73.2M	90.9M	72.9M	47.5M	51.4M	83.5M	63.0M	60.7M	53.8M	61.1M	35.6M	24.7M	19.3M	7.2M	2.9M	9.0M	3.7M	733,700
Eps Basic	0.02	0.13	0.24	0.20	0.30	0.28	0.35	0.35	0.34	0.32	0.30	0.28	0.26	0.25	0.30	0.28	0.49	0.52	0.28	0.03
Eps Diluted	0.02	0.13	0.24	0.20	0.30	0.28	0.35	0.35	0.34	0.32	0.30	0.28	0.26	0.25	0.30	0.28	0.49	0.52	0.28	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	1.8B	2.4B	4.0B	3.9B	2.1B	3.0B	3.1B	2.6B	3.8B	3.3B	3.6B	3.9B	2.7B	2.2B	2.0B	1.9B	1.6B	1.9B	603.0M	558.0M
Trading Financial Assets	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	559,700	390,000
Accounts Receivable	1.9B	1.8B	2.0B	1.7B	1.6B	2.6B	2.5B	2.4B	2.7B	2.7B	2.4B	2.0B	1.1B	902.0M	874.0M	610.0M	489.0M	507.0M	104.0M	22.6M
Notes Receivable	100.0M	177.0M	283.0M	229.0M	562.0M	362.0M	183.0M	253.0M	191.0M	83.6M	118.0M	106.0M	115.0M	43.9M	4.4M	4.6M	17.2M	1.3M	--	--
Notes And Accounts Receivable	2.0B	1.9B	2.2B	1.9B	2.2B	3.0B	2.7B	2.7B	2.9B	2.8B	2.5B	2.1B	1.2B	946.0M	878.0M	614.0M	507.0M	508.0M	104.0M	22.6M
Prepayments	331.0M	419.0M	533.0M	390.0M	682.0M	507.0M	777.0M	694.0M	608.0M	492.0M	277.0M	332.0M	236.0M	283.0M	155.0M	120.0M	160.0M	272.0M	101.0M	128.0M
Inventory	2.2B	1.9B	2.0B	2.7B	2.1B	2.0B	1.3B	1.1B	888.0M	661.0M	571.0M	520.0M	540.0M	555.0M	442.0M	346.0M	310.0M	505.0M	275.0M	190.0M
Total Current Assets	9.6B	9.9B	10.3B	10.1B	8.7B	8.9B	7.9B	7.2B	8.3B	7.4B	7.1B	6.8B	4.7B	4.0B	3.5B	3.1B	2.5B	3.2B	1.1B	906.0M
Long Term Equity Investment	276.0M	266.0M	263.0M	63.6M	62.8M	63.6M	53.4M	38.4M	17.4M	--	4.2M	--	14.0M	12.0M	--	--	--	2.6M	25.7M	120.0M
Fixed Assets	--	951.0M	940.0M	1.0B	1.1B	1.2B	1.2B	1.3B	646.0M	635.0M	582.0M	391.0M	325.0M	149.0M	133.0M	128.0M	117.0M	112.0M	64.0M	55.9M
Fixed Assets Total	916.0M	951.0M	940.0M	1.0B	1.1B	1.2B	1.2B	1.3B	646.0M	635.0M	582.0M	391.0M	325.0M	149.0M	133.0M	128.0M	117.0M	112.0M	64.0M	55.9M
Construction In Progress	--	1.4M	13.8M	113.0M	101.0M	66.1M	35.2M	21.8M	630.0M	428.0M	216.0M	366.0M	221.0M	199.0M	131.0M	73.7M	34.1M	27.6M	2.5M	14.2M
Construction In Progress Total	1.4M	1.4M	13.8M	113.0M	101.0M	66.1M	35.2M	21.8M	630.0M	428.0M	216.0M	366.0M	221.0M	199.0M	131.0M	73.7M	34.1M	27.6M	2.5M	14.2M
Intangible Assets	1.2B	1.3B	744.0M	655.0M	660.0M	638.0M	606.0M	618.0M	356.0M	322.0M	294.0M	229.0M	248.0M	172.0M	168.0M	166.0M	142.0M	24.0M	15.5M	17.2M
Long Term Deferred Expenses	7.9M	7.6M	15.1M	26.1M	25.1M	36.2M	38.0M	48.5M	66.6M	94.8M	98.5M	28.6M	54.4M	57.1M	73.5M	83.8M	1.1M	1.1M	1.4M	2.5M
Total Non Current Assets	3.7B	3.6B	3.5B	3.3B	2.9B	2.7B	2.5B	2.6B	2.6B	2.2B	1.7B	1.1B	921.0M	606.0M	543.0M	476.0M	326.0M	169.0M	115.0M	210.0M
Total Assets	13.2B	13.5B	13.8B	13.5B	11.6B	11.6B	10.4B	9.7B	10.9B	9.6B	8.8B	7.9B	5.6B	4.6B	4.0B	3.6B	2.9B	3.4B	1.2B	1.1B
Short Term Borrowings	238.0M	239.0M	265.0M	175.0M	178.0M	727.0M	207.0M	282.0M	663.0M	428.0M	285.0M	255.0M	158.0M	120.0M	64.5M	54.0M	--	--	--	80.0M
Accounts Payable	2.9B	3.0B	2.9B	2.6B	2.0B	2.1B	2.3B	1.9B	3.0B	2.7B	2.5B	2.3B	1.6B	1.6B	1.6B	1.1B	696.0M	419.0M	82.1M	23.8M
Advance Receipts	3.0M	3.6M	3.6M	3.7M	3.2M	289.0M	342.0M	533.0M	564.0M	591.0M	641.0M	513.0M	645.0M	489.0M	253.0M	556.0M	582.0M	966.0M	698.0M	582.0M
Contract Liabilities	1.1B	1.0B	1.1B	1.1B	495.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	4.8B	4.9B	5.3B	5.1B	3.7B	4.1B	3.6B	3.2B	4.7B	4.0B	3.6B	3.2B	2.5B	2.3B	2.0B	1.9B	1.3B	1.5B	825.0M	707.0M
Long Term Borrowings	--	--	--	--	--	--	--	--	185.0M	--	10.8M	--	89.9M	--	687,200	1.1M	1.4M	10.7M	--	--
Total Non Current Liabilities	356.0M	402.0M	400.0M	324.0M	175.0M	189.0M	171.0M	200.0M	436.0M	236.0M	209.0M	182.0M	259.0M	63.0M	68.8M	19.7M	26.3M	26.1M	5.8M	18.1M
Total Liabilities	5.2B	5.3B	5.7B	5.4B	3.8B	4.3B	3.8B	3.4B	5.1B	4.2B	3.8B	3.3B	2.8B	2.4B	2.0B	1.9B	1.4B	1.5B	830.0M	725.0M
Paid In Capital	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	917.0M	705.0M	705.0M	353.0M	294.0M	294.0M	227.0M	227.0M
Capital Reserve	1.8B	1.7B	1.7B	1.8B	1.7B	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	454.0M	448.0M	444.0M	808.0M	801.0M	1.3B	26.1M	21.9M
Surplus Reserve	214.0M	205.0M	193.0M	178.0M	167.0M	151.0M	132.0M	116.0M	103.0M	85.6M	72.2M	56.5M	53.0M	42.7M	24.0M	23.8M	19.8M	19.8M	60.5M	59.8M
Retained Earnings	3.2B	3.2B	3.1B	2.9B	2.8B	2.7B	2.5B	2.2B	2.0B	1.7B	1.4B	1.2B	975.0M	821.0M	642.0M	450.0M	344.0M	178.0M	26.2M	20.9M
Minority Equity	1.7B	1.9B	1.9B	2.0B	1.8B	1.6B	1.2B	1.1B	875.0M	816.0M	646.0M	522.0M	465.0M	230.0M	169.0M	56.0M	60.0M	72.7M	29.4M	61.3M
Equity Attributable	6.3B	6.3B	6.3B	6.1B	5.9B	5.7B	5.5B	5.2B	4.9B	4.6B	4.3B	4.0B	2.4B	2.0B	1.8B	1.6B	1.5B	1.8B	340.0M	330.0M
Total Equity	8.1B	8.2B	8.1B	8.1B	7.7B	7.3B	6.6B	6.3B	5.8B	5.4B	4.9B	4.6B	2.9B	2.2B	2.0B	1.7B	1.5B	1.9B	370.0M	391.0M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	5.2B	5.4B	7.8B	8.5B	6.5B	6.1B	7.4B	7.7B	6.3B	5.3B	4.5B	3.8B	4.2B	3.9B	2.6B	2.3B	1.6B	1.3B	971.0M	519.0M
Tax Refunds Received	1.3M	682,400	43.7M	41.4M	18.1M	38.7M	40.0M	10.9M	10.4M	13.7M	196,000	25.9M	17.7M	22.2M	11.0M	24.8M	1.9M	453,300	1.3M	1.2M
Total Operating Cash Inflow	5.3B	5.5B	7.9B	8.8B	6.7B	6.4B	7.6B	7.8B	6.4B	5.4B	4.6B	3.9B	4.4B	3.9B	2.6B	2.3B	1.7B	1.4B	990.0M	536.0M
Cash Paid For Goods	4.1B	4.9B	6.0B	5.3B	5.3B	5.4B	5.3B	7.0B	4.7B	4.4B	3.6B	3.2B	3.4B	3.1B	2.2B	1.5B	958.0M	1.2B	776.0M	369.0M
Cash Paid To Employees	1.3B	1.4B	1.4B	1.2B	991.0M	963.0M	930.0M	850.0M	795.0M	706.0M	592.0M	472.0M	411.0M	325.0M	279.0M	212.0M	154.0M	109.0M	46.8M	36.3M
Taxes Paid	72.0M	120.0M	99.7M	105.0M	103.0M	133.0M	194.0M	171.0M	117.0M	98.2M	78.8M	83.9M	70.7M	67.0M	48.3M	38.3M	56.0M	24.9M	9.0M	9.3M
Total Operating Cash Outflow	5.7B	6.6B	7.6B	6.7B	6.8B	7.0B	6.7B	8.2B	5.8B	5.3B	4.4B	3.8B	4.0B	3.6B	2.6B	1.8B	1.3B	1.4B	846.0M	439.0M
Operating Cash Flow	-317.0M	-1.1B	285.0M	2.1B	-71.8M	-606.0M	868.0M	-371.0M	631.0M	116.0M	233.0M	78.9M	380.0M	376.0M	3.9M	500.0M	422.0M	-37.7M	144.0M	96.6M
Total Investing Cash Inflow	505,400	4.9M	87.2M	1.0M	1.4M	1.8M	337,500	385,700	536,900	434,900	32,200	15.4M	1.3M	7.6M	211,300	113,900	7.4M	61.8M	14.9M	2.2M
Total Investing Cash Outflow	213.0M	219.0M	176.0M	270.0M	293.0M	291.0M	174.0M	293.0M	502.0M	605.0M	456.0M	274.0M	322.0M	258.0M	168.0M	159.0M	761.0M	34.1M	30.8M	52.4M
Investing Cash Flow	-212.0M	-214.0M	-88.3M	-269.0M	-291.0M	-289.0M	-173.0M	-293.0M	-502.0M	-605.0M	-456.0M	-259.0M	-321.0M	-251.0M	-167.0M	-159.0M	-753.0M	27.7M	-15.8M	-50.2M
Cash From Borrowings	504.0M	471.0M	433.0M	287.0M	489.0M	990.0M	1.0B	738.0M	989.0M	600.0M	400.0M	572.0M	252.0M	138.0M	74.5M	54.0M	--	3.9M	116.0M	147.0M
Dividends And Interest Paid	78.9M	128.0M	104.0M	148.0M	193.0M	155.0M	169.0M	156.0M	160.0M	114.0M	131.0M	110.0M	50.5M	42.1M	20.4M	37.8M	27.0M	12.4M	3.5M	3.3M
Debt Repayments	499.0M	497.0M	277.0M	290.0M	1.0B	471.0M	1.1B	1.3B	580.0M	457.0M	359.0M	568.0M	122.0M	82.7M	64.4M	351,800	9.3M	2.1M	196.0M	152.0M
Total Financing Cash Inflow	506.0M	473.0M	495.0M	396.0M	673.0M	1.5B	1.0B	973.0M	1.1B	770.0M	510.0M	2.0B	618.0M	194.0M	296.0M	54.0M	10.0M	1.2B	116.0M	147.0M
Total Financing Cash Outflow	655.0M	763.0M	532.0M	522.0M	1.2B	637.0M	1.3B	1.5B	751.0M	577.0M	534.0M	699.0M	173.0M	125.0M	85.2M	38.1M	37.9M	39.4M	202.0M	155.0M
Financing Cash Flow	-149.0M	-290.0M	-37.0M	-126.0M	-555.0M	863.0M	-245.0M	-491.0M	322.0M	193.0M	-24.3M	1.4B	446.0M	69.1M	210.0M	15.9M	-27.9M	1.2B	-86.7M	-8.3M
Net Change In Cash	-678.0M	-1.6B	160.0M	1.7B	-918.0M	-31.8M	449.0M	-1.2B	451.0M	-296.0M	-248.0M	1.2B	505.0M	194.0M	46.8M	357.0M	-359.0M	1.2B	41.6M	38.2M
Ending Cash Balance	1.7B	2.4B	4.0B	3.8B	2.1B	3.0B	3.0B	2.6B	3.8B	3.3B	3.6B	3.8B	2.7B	2.2B	2.0B	1.9B	1.6B	1.9B	603.0M	--
Capex	207.0M	219.0M	172.0M	270.0M	293.0M	291.0M	173.0M	283.0M	442.0M	594.0M	454.0M	274.0M	320.0M	220.0M	152.0M	77.7M	190.0M	33.7M	13.5M	11.8M