CICT Mobile (688387.SH): Satellite Internet Revenue Accounts for Approximately 2%-3% of Total Operating Revenue, No Significant Impact on Performance

Stock News01-12

CICT Mobile Communication Technology Co., Ltd. (688387.SH) has issued an announcement concerning abnormal stock price fluctuations, stating that its core business remains the provision of mobile communication network equipment and related technical services, with no changes to this focus. Revenue generated from the company's satellite internet operations constitutes approximately 2% to 3% of its total operating revenue, representing a minor contribution that does not significantly impact overall performance, as this business segment is still in its investment phase. The development of China's satellite internet industry is currently in its early and investment-intensive stages; the entire process—from international filing and coordination of satellite network data to satellite launches, system construction, service provision, and application promotion—involves a lengthy cycle, making the progress of mass launches for network deployment and its subsequent contribution to the company's operational performance highly uncertain. Furthermore, the 6G industry is also in the preliminary stages of standard formulation.

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