Satellite Chemistry: Earnings Forecast for the First Quarter of 2025

SZSIMar 31 12:00 ET · Announcements

Q1 performance has seen high growth year-on-year. Satellite Chemical: gross margin maintains a good level. This year, there are plans to launch three projects.| Interpretations

① Thanks to the launch of new projects and the decline in raw material prices, the company achieved significant growth in Q1; ② In 2024, the gross margin for the company's functional Chemicals and new Materials will increase by 4.78 percentage points and 5.49 percentage points respectively; ③ This year, the company plans to put into production a project with an annual output of 200,000 tons of refined acrylic acid, an annual output of 80,000 tons of new pentylene glycol, and a joint venture project with SK company with an annual output of 40,000 tons of EAA.

cls.cnMar 31 11:11 ET

Express News | Satellite Chemical Sees Q1 Net Profit up 41.8% to 61.4% Y/Y

ReutersMar 31 05:30 ET

Satellite Chemical (002648.SZ): Net income is expected to increase by 41.79% - 61.35% in the first quarter.

Gelonghui, March 31 - Satellite Chemical (002648.SZ) announced its earnings forecast for the first quarter of 2025, with the net income attributable to Shareholders of the listed company expected to be between 1.45 billion yuan and 1.65 billion yuan, representing a year-on-year growth of 41.79% to 61.35%; the net income after deducting non-recurring gains and losses is expected to be between 1.512 billion yuan and 1.712 billion yuan, a year-on-year increase of 42.23% to 61.05%; and the basic EPS is expected to be between 0.43 yuan/share and 0.49 yuan/share. The company's operating performance has improved compared to the same period last year, mainly due to: the company focusing on '

Gelonghui FinanceMar 31 05:27 ET

Research Reports Gold Mining | Huaan: Maintain Satellite Chemical's "Buy" rating, with high annual performance growth achieved.

Huaan's Research Reports indicate that Satellite Chemical (002648.SZ) achieved a net income of 6.072 billion yuan in 2024, representing a year-on-year increase of 26.77%. Among them, the net income for Q4 2024 was 2.379 billion yuan, an increase of 70.47% year-on-year and 45.36% quarter-on-quarter. In the fourth quarter, there was growth against the trend, resulting in high annual performance. Looking at the business sectors, functional Chemicals, polymer materials, and new energy materials contributed gross margins of 4.417 billion yuan, 4.202 billion yuan, and 0.187 billion yuan respectively, with gross margins year-on-year at +4.78 pct, +5.49 pct, and -14.54.

Gelonghui FinanceMar 26 05:13 ET

Satellite Chemistry: Annual Report 2024

SZSIMar 24 12:00 ET · Announcements