1. China Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Satellite Chemical Co. Ltd. Class A

Satellite Chemical Co. Ltd. Class A

SSZSE:002648
24.90
CNY
+0.36
(+1.47%)
2.67EPS
8.80P/E
79.13BMarket Cap
Mar 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.52
1.93
1.92
2.44
3.29
3.46
3.71
3.61
8.51
11.01
12.3
13.53
13.71
15.83
Basic EPS, GAAP
0.23
0.01
-0.2
0.14
0.38
0.32
0.44
0.56
1.79
0.92
1.42
1.8
1.58
2.67
Free Cash Flow per Basic Share
-0.76
-0.68
0.48
0.2
0.02
-0.14
-0.41
-1.94
-0.12
0.59
1.66
2.21
2.07
- -
Dividend per Share
0.07
0.12
0.05
0.05
0.08
0.07
0.1
0.19
0.29
0.67
0.16
0.52
0.57
1.07
Book Value per Share
1.66
1.61
1.45
1.53
2.47
2.75
3.16
4.06
5.75
6.58
7.56
8.99
9.96
11.29
Tangible Book Value per Share
1.51
1.46
1.3
1.34
2.32
2.59
2.86
3.79
5.44
6.13
7.01
8.29
9.25
10.6
Basic Weighted Avg Shares
2,177
2,232
2,177
2,191
2,485
2,898
2,909
2,985
3,356
3,365
3,373
3,373
3,361
3,358
Sales/Revenue/Turnover
3,316
4,306
4,187
5,355
8,188
10,029
10,779
10,773
28,557
37,043
41,487
45,648
46,068
53,142
Operating Margin (%)
16.75
5.36
-4.7
10.07
15.29
10.92
15.93
19.34
25.78
11.32
14.52
17.97
17.44
21.53
Depreciation Expense
79
201
404
401
408
429
547
601
1,462
2,442
3,826
4,486
4,772
- -
Net Income, GAAP
500
33
-437
312
942
941
1,273
1,661
6,007
3,096
4,789
6,072
5,311
8,958
Effective Tax Rate (%)
15.23
43.95
- -
- -
8.76
10.55
12.71
13.09
14.02
9.71
10.88
13.62
12.54
12.89
Profit Margin (%)
15.08
0.76
-10.42
5.82
11.51
9.38
11.81
15.42
21.03
8.36
11.54
13.3
11.53
16.86
Working Capital
690
-269
-1,034
-1,135
2,286
1,164
-2,416
1,746
7,776
828
818
126
-1,297
1,040
LT Debt
1,302
1,166
569
113
- -
- -
549
10,391
20,139
26,287
26,818
22,168
19,280
18,889
Total Equity
3,648
3,549
3,187
3,387
7,211
8,047
9,257
13,642
19,381
22,194
25,493
30,305
33,574
38,068
Return on Invested Capital (%)
11.08
0.41
- -
- -
12.83
9.07
9.37
7.86
17.2
6.65
8.92
10.57
9.19
14.7
Return on Capital (%)
11.57
1.43
- -
- -
14.05
10.19
10.61
8.83
18.37
8.32
9.84
12.31
10.74
16.37
Return on Common Equity (%)
14.48
0.9
-12.98
9.51
17.82
12.35
14.73
14.52
36.41
14.91
20.11
21.78
16.64
25.64

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,945
3,794
4,610
LT Borrowings
3,700
3,772
2,227
LT Finance Leases
15,580
16,456
16,662
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,369
3,369
3,369
Market Capitalization
59,558
93,042
79,129

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,686
18,690
20,963
Cash, Cash Equivalents & STI
7,660
9,457
13,441
Accounts Receivable, Net
663
1,215
1,222
Inventories
5,199
5,606
4,779
Total Current Liabilities
15,983
18,066
19,923
Payables & Accruals
- -
- -
- -
ST Debt
3,945
3,794
4,610
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.43%
20.22%
10.79%
Free Cash Flow
-109.17%
-96.43%
-6.75%
Net Income, GAAP
37.88%
56.42%
-12.54%
Sales/Revenue/Turnover
32.84%
43.55%
0.92%
Total Cash Common Dividend
57.07%
71.59%
8.99%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,805
10,596
12,875
13,373
45,648
2025
12,329
11,131
- -
11,297
46,068
2026
12,677
18,036
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.31
0.49
0.71
1.8
2025
0.47
0.35
- -
0.46
1.58
2026
0.63
1.22
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.42
0.03
0.03
0.52
2025
0.02
0.52
- -
0.01
0.57
2026
0.02
0.52
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Wei Dong Yang
Full Time Employees
4,811
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 196 Fuqiang Road Jiaxing ZJ China 311121
IPO Date
Dec 15, 2011
Website
stl-chem.com
Similar Companies
Petkim Petrokimya Holding Anonim Sirketi (BIST:PETKM)
Albemarle Corporation (NYSE:ALB)
Linde plc (NASDAQ:LIN)
Gubre Fabrikalari T.A.S. (BIST:GUBRF)
IOL Chemicals & Pharmaceuticals Ltd. (NSE:IOLCP)
Dow Inc. (NYSE:DOW)
Business
Satellite Chemical Co., Ltd. (002648.SZ) manufactures and sells specialty chemicals for the electronics, automotive, and construction industries. The company produces electronic-grade chemicals including high-purity solvents, photoresist removers, and cleaning agents; fluoride chemicals such as hydrogen fluoride, ammonium bifluoride, and electronic-grade hydrofluoric acid; and inorganic chemicals like sodium borohydride and potassium borohydride; as well as pharmaceutical intermediates and fine chemicals. It operates primarily in China with production facilities in Jiangsu and Shandong provinces, serving customers in Asia, Europe, and North America. Founded in 2003 and headquartered in Xuzhou, Jiangsu Province, China, the company focuses on high-tech chemical solutions for semiconductor manufacturing, display panels, and new energy applications. In 2024, Satellite Chemical expanded its electronic chemicals capacity through a new production line investment and formed a strategic partnership with a leading semiconductor materials supplier to enhance supply chain integration; it also completed a funding round to support R&D in next-generation fluoride products for EV batteries. No major acquisitions or name changes reported in the last two years.