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    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
Satellite Chemical Co. Ltd. Class A
SZSE:002648
(Shenzhen Stock Exchange)

Recent

price

24.90

P/E

ratio

8.80

div

yld

4.29%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.11
1.97
1.45
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
Revenue per Share
0.21
0.38
0.19
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
Basic EPS, GAAP
- -
-0.16
-0.06
-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
- -
Free Cash Flow per Basic Share
0.03
0.11
0.09
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
Dividend per Share
0.39
1.38
1.49
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
Book Value per Share
0.35
1.35
1.33
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
Tangible Book Value per Share
1,478
1,645
2,185
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
Basic Weighted Avg Shares
1,633
3,248
3,162
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
Sales/Revenue/Turnover
21.21
22.87
14.62
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
Operating Margin (%)
31
56
70
79
201
404
401
408
429
547
601
1,462
2,442
3,826
4,486
4,772
- -
Depreciation Expense
306
630
422
500
33
-437
312
942
941
1,273
1,661
6,007
3,096
4,789
6,072
5,311
8,958
Net Income, GAAP
8.14
12.02
14.09
15.23
43.95
- -
- -
8.76
10.55
12.71
13.09
14.02
9.71
10.88
13.62
12.54
12.89
Effective Tax Rate (%)
18.72
19.39
13.35
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
Profit Margin (%)
230
2,613
1,531
690
-269
-1,034
-1,135
2,286
1,164
-2,416
1,746
7,776
828
818
126
-1,297
1,040
Working Capital
163
330
- -
1,302
1,166
569
113
- -
- -
549
10,391
20,139
26,287
26,818
22,168
19,280
18,889
LT Debt
644
3,031
3,260
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
Total Equity
38.61
25.83
11.56
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 Invested Capital (%)
41.28
27.47
12.08
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 Capital (%)
66.33
34.27
13.42
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
Return on Common Equity (%)

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
- -
- -
- -
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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.