Satellite Chemical Co Ltd Financial Update
Satellite Chemical Co Ltd, a technology company based in Jiaxing, China, specializing in low-carbon new chemical materials, has been active in the financial markets recently. The company, listed on the Shenzhen Stock Exchange, has seen significant movements in its stock price and market activities.
Stock Performance and Market Activities
As of April 24, 2025, Satellite Chemical’s closing 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 company’s market capitalization stands at 53,359,351,379 CNY, with a price-to-earnings ratio of 9.68377.
In recent weeks, Satellite Chemical has been part of a broader trend among A-share companies engaging in buybacks, shareholding increases, and special loans. On April 26, 2025, it was reported that 32 companies, including Satellite Chemical, disclosed plans related to these financial activities. Notably, Satellite Chemical received a special loan from the China Construction Bank Jiaxing Branch, with a loan amount of 360 million CNY, to support its buyback plan of 2 to 4 billion CNY in its own shares.
Trading Highlights
On April 25, 2025, Satellite Chemical was the top net buyer on the “Lion and Tiger Board,” with a net purchase amount of 11.55 billion CNY. The same day, the combined trading volume of the Shanghai and Shenzhen stock exchanges reached 1.11 trillion CNY, with Satellite Chemical leading the trading volume at 57.27 billion CNY.
Sector and ETF Performance
The company’s performance has also been reflected in sector-specific ETFs. The Hua Xia Zhongze Petrochemical Industry ETF (159731) saw an early morning rise of 0.62%, with Satellite Chemical’s stock increasing by 8.21%. This ETF focuses on the acrylic acid theme, which has been strong, with Satellite Chemical being one of the top performers.
Conclusion
Satellite Chemical Co Ltd continues to be a significant player in the chemical industry, with active participation in financial markets through strategic buybacks and loans. Its performance in recent trading sessions highlights its strong market presence and investor interest.