China Satellite Communications (601698.SH): The insurance compensation for Zhongxing-6C satellite can be obtained from the insurance underwriter in the amount of 32.217 million US dollars.

On June 24th, Globe Newswire reports that China Satellite Communications (601698.SH) recently reached a consensus with their insurance underwriter on a compensation plan and signed a "liability release agreement". China Satellite Communications confirmed that it will receive an insurance claim payment of 32,217,422 US dollars from the insurance underwriter for the Zhongxing-6C satellite. The above-mentioned claim amount accounts for about 66% of the audited net income attributable to the parent company of the previous fiscal year. The insurance underwriter will pay the compensation funds according to the agreed-upon compensation payment schedule, and the company will carry out the corresponding accounting treatment in accordance with the "Enterprise Accounting Standards".

Gelonghui FinanceJun 24 06:00 ET

Investing in China Satellite Communications (SHSE:601698) Five Years Ago Would Have Delivered You a 271% Gain

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over

Simply Wall StJun 23 23:04 ET

China Satellite Communications (601698.SH) 2023 equity distribution: 0.0248 yuan per share.

China Satellite Communications (601698.SH) announced the implementation of the annual equity distribution for the year 2023: A share cash dividend of 0.0248 yuan per share (tax included), with the record date on June 26, 2024 and ex-dividend date on June 27, 2024.

Zhitong FinanceJun 18 05:51 ET

China Satellite Communications Co., Ltd.'s (SHSE:601698) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

With its stock down 8.7% over the past three months, it is easy to disregard China Satellite Communications (SHSE:601698). But if you pay close attention, you might find that its key financial indic

Simply Wall StJun 2 20:06 ET

We Think You Can Look Beyond China Satellite Communications' (SHSE:601698) Lackluster Earnings

Shareholders appeared unconcerned with China Satellite Communications Co., Ltd.'s (SHSE:601698) lackluster earnings report last week. We think that the softer headline numbers might be getting counte

Simply Wall StMay 6 18:01 ET

Here's Why China Satellite Communications (SHSE:601698) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much

Simply Wall StApr 30 18:01 ET