Tongyu Communication Inc. Cautions Satellite Revenue Will Be Under 2% of First Half 2026 Sales

Stock News
Aug 04

Tongyu Communication Inc. (002792.SZ) has released a stock trading anomaly announcement, addressing heightened market interest in its satellite communication segment. The company clarified that its primary business remains focused on base station antennas, RF devices, and microwave antennas, while it continues to actively develop its satellite communication operations.

Management estimates that revenue from the satellite communication segment for the first half of 2026 will be approximately RMB 10.5733 million (subject to the official 2026 semi-annual report). This amount is projected to account for less than 2% of total revenue for the same period, indicating a minimal impact on the company's overall financial performance.

The company has urged investors to be aware of the risks associated with this business, including its currently small scale, significant upfront investment requirements, and uncertainties surrounding technology development and market expansion.

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