Intercontinental Aerospace Science and Technology (01725) rose more than 10% in the afternoon. As of press release, it was up 10.3% to HK$1.82, with a turnover of HK$4.384,500.
The Zhitong Finance App learned that Intercontinental Aerospace Technology (01725) rose more than 10% in the afternoon. As of press release, it had risen 10.3% to HK$1.82, with a turnover of HK$4.384,500.
According to the news, Intercontinental Aerospace Science and Technology announced annual results up to the end of December last year, with a turnover of 594 million yuan, down 6.6% year on year; loss of 211 million yuan, up 36.85% year on year. Notably, the company previously estimated a net loss of no less than RMB 218 million last year.
Furthermore, Beijing Sensing Origin Technology Co., Ltd. and Intercontinental Aerospace Science and Technology Group Co., Ltd. recently announced the signing of a strategic cooperation framework agreement. The two sides are developing strategic cooperation on the development of commercial SAR satellites. Sensing Origin will be responsible for the overall design, R&D and manufacturing of the SAR payload, and actively participate in the satellite platform development phase to provide comprehensive technical support for the satellite platform. USPACE included Perception Origin as a strategic supplier and prioritized Perception Origin as a SAR payload partner in the SAR star development project.