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Optimism for China Satellite Communications (SHSE:601698) Has Grown This Past Week, Despite Five-year Decline in Earnings
China Satellite Communications (601698.SH): The insurance claim payment for the Zhongxing-6C satellite has been fully received.
Gelonghui September 24th | China Satellite Communications (601698.SH) announced that the company has signed a "Liability Release Agreement" with the insurance underwriter of Zhongxing 6C Satellite, from which the company can receive a total insurance claim amount of 32,217,422 US dollars for the Zhongxing 6C Satellite. As of September 24, 2024, all insurance claim payments for the Zhongxing 6C Satellite have been received.
Declining Stock and Decent Financials: Is The Market Wrong About China Satellite Communications Co., Ltd. (SHSE:601698)?
China Satellite Communications 2024 Semi-Annual Report
Summary of China SATCOM\'s 2024 Semi-Annual Report
China Satellite Communications (601698.SH): net income of 0.406 billion yuan in the first half of the year, a year-on-year growth of 52.68%.
On August 30, Guolong News reported that China Satellite Communications (601698.SH) released its semi-annual report. In the first half of 2024, the company achieved revenue of 1.148 billion yuan, with a net income attributable to shareholders of listed companies of 0.406 billion yuan, a year-on-year increase of 52.68%. As of June 30, 2024, the company's total assets were 23.071 billion yuan, and the net assets attributable to shareholders of listed companies were 15.614 billion yuan, with an asset-liability ratio of 14.16%.
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