Xingwang Yuda Denies Link to Long March 10 Rocket Recovery Technology
Xingwang Yuda has announced that its satellite communication business, which accounted for 12.33% of its total revenue in 2025, has no business connection to the recently highlighted maritime recovery technology for the Long March 10 rocket. The company explicitly stated it was not involved in the development or supply chain for this project. Xingwang Yuda also clarified that it is not undergoing any cross-industry transformations or significant industrial investments. While the market has shown interest in areas such as the low-altitude economy, low-orbit internet, autonomous driving, and anti-drone technology, Xingwang Yuda's involvement in these sectors has not yet generated substantial revenue. These related businesses currently represent less than 5% of the company's total revenue, are small in overall scale, and do not significantly impact short-term operating performance. Furthermore, the expansion of these business areas carries inherent uncertainties.
Xingwang Yuda's statement aims to clarify its business scope and decouple its existing revenue streams from speculative market interest in advanced aerospace technologies. By providing specific revenue percentages for its satellite communications and emerging technology sectors, the company seeks to manage investor expectations and mitigate risks associated with market hype. This proactive communication addresses potential overvaluation concerns by emphasizing the limited financial impact of new ventures and the absence of direct involvement in high-profile projects like the Long March 10 rocket recovery. The company's focus on transparency regarding revenue contribution and business uncertainties signals a strategy to foster grounded investment decisions, encouraging a more rational assessment of its long-term growth potential rather than immediate market sentiment.
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