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Beidou Navigation: Expected net loss of $42 million to $52 million in the first half of 2026

2026-07-24 01:45:33

Beidang Navigation’s announcement states that, from January 1, 2026 to June 30, 2026, the net profit attributable to the owners of the parent company is expected to be a loss of between 42 million and 52 million, while the net profit for the same period last year was 116 million. Overall demand is relatively stable, but due to the parent company’s revenue decline caused by the progress of customer entities in signing overall contracts, total profit decreased.

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