Low-Earth Orbit Satellite Demand Continues to Rise, Sunsea Group's Q1 Revenue Up Over 60% Year-on-Year
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Sunsea Group stated that the primary driver for its Q1 revenue growth was a significant increase in demand for Low Earth Orbit (LEO) satellite-related products, with related business revenue increasing by 40% quarter-on-quarter and by 131% year-on-year, indicating that global LEO network construction is entering an accelerated deployment phase and demand for millimeter-wave communication components is continuously expanding. Sunsea Group mentioned that revenue in each of the first three months of Q1 ranked among the top three monthly revenues in history, leading to a record-high quarterly revenue. Despite Q1 being a traditional off-peak season, achieving a new quarterly revenue record reflects a sustained and significant increase in overall market demand.