Satellite Chemical Hits Day Low of CNY 18.40 Amid Price Pressure

Satellite Chemical Co., Ltd. experienced a significant decline today, with its stock price dropping by 6.13% to reach an intraday low of CNY 18.40. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.19% on the same day.
Over the past week, Satellite Chemical has faced a 4.14% decline, and its monthly performance reflects a decrease of 6.93%. Despite these short-term challenges, the company has shown resilience over the past year, achieving a 3.11% increase, although this is notably lower than the 20.88% gain of the broader market index.

Financially, Satellite Chemical has reported strong results in recent quarters, with operating cash flow reaching CNY 11,920.54 million and net sales growing by 31.76% to CNY 25,488.13 million. The company also recorded a net profit of CNY 3,668.33 million, reflecting a growth of 45.86%. With a market capitalization of CNY 62,454 million and a return on equity of 21.44%, Satellite Chemical maintains a solid position within the specialty chemicals industry.