Gelonghui November 11th | China Satellite Communications (601698.SH) announced that the company's stocks closed higher for three consecutive trading days on November 6, 7, and 8, 2024, with a cumulative deviation exceeding 20%. After releasing a notice of abnormal stock trading fluctuations, the company's stocks once again hit the limit up on November 11th, with a closing price of 24.68 yuan per share on that day. The short-term stock price increase of the company is significantly higher than the industry index level, but the company's fundamentals have not changed significantly, and there is no undisclosed significant information that should be disclosed.
The company operates and manages high-orbit communication broadcasting satellites, providing customers with satellite resource operation services, network system integration and services, comprehensive information services, and other related applications. As of now, the company's main business has not undergone significant changes, and the market operating environment has not undergone major adjustments.
