Satellite Chemical Co Ltd Financial Update

Satellite Chemical Co., Ltd., a technology company based in Jiaxing, China, specializes in producing low-carbon new chemical materials. The company, listed on the Shenzhen Stock Exchange, has seen significant financial activity recently. As of April 24, 2025, the company’s close price was 19.15 CNY, with a 52-week high of 23.19 CNY on March 30, 2025, and a low of 14.65 CNY on September 8, 2024. The market capitalization stands at 53,359,351,379 CNY, with a price-to-earnings ratio of 9.68377.

Recent Financial Activities

In a notable development, Satellite Chemical Co. Ltd. is among 32 companies that have disclosed plans for share buybacks, additional share purchases, and special loans. The company announced on April 23, 2025, that it had received a loan commitment letter from the Construction Bank of China’s Jiaxing Branch. The loan amount is set at 36,000,000 CNY. This follows a previous announcement on April 10, 2025, where the company planned to use its own funds, ranging from 2 billion to 4 billion CNY, to repurchase its issued A-shares.

Market Performance

On April 25, 2025, Satellite Chemical Co. Ltd. was the top net buyer on the “Lion and Tiger Board,” with a purchase amount of 11.55 billion CNY. The company also featured prominently in the Northbound Fund’s top ten transactions, with a transaction amount of 10.59 billion CNY. On the same day, the combined transaction volume of the Shanghai and Shenzhen markets was 1.11 trillion CNY, with Satellite Chemical Co. Ltd. leading with a transaction volume of 57.27 billion CNY.

Industry Influence

The company’s performance has positively influenced the ETF sector, particularly the Hua Xia Zhongze Petrochemical Industry ETF (159731), which saw a rise of 0.62% in the morning session on April 25, 2025. This ETF, which holds stocks related to the acrylic acid theme, saw significant gains, with Satellite Chemical Co. Ltd. increasing by 8.21%.

Conclusion

Satellite Chemical Co. Ltd. continues to be a significant player in the chemical industry, with strategic financial maneuvers and strong market performance. The company’s focus on low-carbon chemical materials positions it well within the growing demand for sustainable industrial solutions.