Youtai Technology promotes the integration of U.S. subsidiaries and expands the layout of unmanned systems and satellite communications

Youtai Technology continues to promote the integration of U.S. subsidiaries and expand its deployment of mission-critical applications such as unmanned systems and satellite communications.

Management said today that due to the continued advancement of the integration of U.S. subsidiaries, the gradual fermentation of merger and acquisition synergies, and the expansion of the unmanned system market and the advancement of satellite-related projects, it will follow up on the project progress and shipment momentum in each market, and optimize product portfolio and operating efficiency.

Youtai's self-consolidated revenue in August was 107 million yuan, a monthly decrease of 41% and an annual decrease of 45%; the cumulative revenue in the first eight months of this year was 1.231 billion yuan, an annual decrease of 18%. The company pointed out that some projects in August were affected by the supply schedule of key components, resulting in shipment delays and single-month revenue fluctuations. However, the revenue of the U.S. subsidiary continued to grow, and the shipments of satellite application-related projects provided momentum for subsequent operations.

From the perspective of the application market, Youtai Satellite Application's revenue increased by 45% year-on-year in August, mainly benefiting from the increase in product shipments related to government programs; in the first eight months of this year, satellite application revenue increased by 9% year-on-year, accounting for 10% of the overall revenue, indicating that related projects have gradually transformed into substantial revenue contributions; in terms of regional markets, Asia's revenue in August increased by 19% year-on-year, and revenue in the first eight months of this year increased by 41% year-on-year, accounting for 18% of the overall revenue. This is a regional market that currently performs relatively well.

Youtai is currently focusing on mission-critical application markets such as maritime, satellite communications, unmanned systems, and smart rugged mobile devices. The management emphasized that in the future, it will continue to promote existing projects and grasp subsequent shipment momentum, deepen the layout of mission-critical applications such as satellite communications and unmanned systems in the medium and long term, and leverage the benefits of overseas markets and mergers and acquisitions integration.