Space development: Stock abnormal fluctuations, controlling shareholder intends to reduce holdings.

Aerospace Development announced that the company's stock price has deviated by more than 20% for three consecutive trading days, indicating abnormal volatility. The revenue for the first three quarters of 2025 was 1.697 billion yuan, mainly due to the increase in ship delivery. The subsidiary Aerospace Tianmu Satellite Technology Co., Ltd. accounts for less than 1% of the total revenue. During the abnormal volatility period, the controlling shareholder reduced their holdings by 549,507 shares, leaving 40,790 shares, and plans to further reduce holdings at an opportune time. The company expects a net profit of -1 billion to -1.65 billion yuan in 2025, reminding investors to be cautious of risks.