China Aerospace Science and Industry Corporation: It is expected that the company will achieve profitability by 2029 under optimistic and neutral assumptions.

In a recent update to its prospectus, CASIC Aerospace mentioned that based on factors such as industry policies, market space, product development, and production, the company's management expects to achieve profitability in 2029 under optimistic and neutral assumptions; and in 2030 under conservative assumptions. The company stated that the above forecasts are based on preliminary estimates made on factors such as the future commercial aerospace market space, domestic large-scale satellite internet constellation network plans, remote sensing and navigation satellite launch demands, as well as the company's product launch plans and business strategies, and do not constitute the company's profit forecasts or performance commitments.