Tongyu Communication announced it will contribute 10 million yuan from its own funds to participate in the establishment of Qingdao Qihang Flame No. 3 Venture Capital Fund Partnership, with a subscription ratio of 13.07%. The company stated that this move aims to continuously deepen its layout in the satellite communications sector and explore high-quality projects and development opportunities in the industry chain. In the first quarter of 2026, Tongyu Communication achieved revenue of 280 million yuan, with a net loss attributable to the parent company of 12.93 million yuan.
Tongyu Communication IncCompany invests 10 million yuan in venture capital fund to deepen satellite communications layout, but also reports net loss in Q1 2026.