Major Estimate Revision • Apr 20
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥51.9b to CN¥55.4b. EPS estimate increased from CN¥2.38 to CN¥2.77 per share. Net income forecast to grow 59% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target up from CN¥32.20 to CN¥34.78. Share price fell 13% to CN¥26.26 over the past week. Announcement • Mar 31
Satellite Chemical Co.,Ltd. to Report Q1, 2026 Results on Apr 14, 2026 Satellite Chemical Co.,Ltd. announced that they will report Q1, 2026 results on Apr 14, 2026 Major Estimate Revision • Mar 30
Consensus EPS estimates increase by 21%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥53.1b to CN¥51.9b. EPS estimate rose from CN¥1.97 to CN¥2.38. Net income forecast to grow 51% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target up from CN¥25.34 to CN¥32.20. Share price rose 11% to CN¥28.56 over the past week. Price Target Changed • Mar 24
Price target increased by 11% to CN¥27.22 Up from CN¥24.46, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥26.02. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥2.32 for next year compared to CN¥1.58 last year. Reported Earnings • Mar 24
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.58 (down from CN¥1.80 in FY 2024). Revenue: CN¥46.1b (flat on FY 2024). Net income: CN¥5.31b (down 13% from FY 2024). Profit margin: 12% (down from 13% in FY 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 23
Satellite Chemical Co.,Ltd., Annual General Meeting, Apr 13, 2026 Satellite Chemical Co.,Ltd., Annual General Meeting, Apr 13, 2026, at 14:00 China Standard Time. Location: No. 196, Fuqiang Road, Nanhu District, Jiaxing, Zhejiang China New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Buy Or Sell Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock has risen 56% to CN¥25.97. The fair value is estimated to be CN¥32.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.91, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.29 per share. Price Target Changed • Feb 03
Price target increased by 9.2% to CN¥24.46 Up from CN¥22.40, the current price target is an average from 5 analysts. New target price is 8.4% above last closing price of CN¥22.57. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥1.53 for next year compared to CN¥1.80 last year. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥22.18, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.35 per share. Announcement • Dec 31
Satellite Chemical Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026 Satellite Chemical Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026 Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥49.8b to CN¥47.1b. EPS estimate also fell from CN¥1.86 per share to CN¥1.58 per share. Net income forecast to grow 14% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target down from CN¥23.58 to CN¥22.16. Share price was steady at CN¥17.91 over the past week. Reported Earnings • Oct 25
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: CN¥0.30 (down from CN¥0.49 in 3Q 2024). Revenue: CN¥11.3b (down 12% from 3Q 2024). Net income: CN¥1.01b (down 38% from 3Q 2024). Profit margin: 8.9% (down from 13% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 57%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Satellite Chemical Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Satellite Chemical Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.31 in 2Q 2024). Revenue: CN¥11.1b (up 5.1% from 2Q 2024). Net income: CN¥1.18b (up 14% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 02
Satellite Chemical Co.,Ltd. to Report First Half, 2025 Results on Aug 12, 2025 Satellite Chemical Co.,Ltd. announced that they will report first half, 2025 results on Aug 12, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CN¥0.47 (up from CN¥0.30 in 1Q 2024). Revenue: CN¥12.3b (up 40% from 1Q 2024). Net income: CN¥1.57b (up 53% from 1Q 2024). Profit margin: 13% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Announcement • Apr 16
Satellite Chemical Co.,Ltd. Approves Cash Dividend for the Year 2024 Satellite Chemical Co.,Ltd. held its Annual General Meeting of 2024 on April 14, 2025, approved cash dividend of CNY5.00000000 per ten shares (tax included) for 2024. Announcement • Apr 11
Satellite Chemical Co.,Ltd. (SZSE:002648) announces an Equity Buyback for CNY 400 million worth of its shares. Satellite Chemical Co.,Ltd. (SZSE:002648) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its A shares. The repurchase price will not exceed CNY 29.50 per share. The purpose of the buyback is to implement the company’s business partner shareholding plan or other equity incentives plans. The repurchase will be funded through own funds or self-financing. The repurchase period will be not more than 12 months from the approval date. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥17.64, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 9.9% over the past three years. Announcement • Mar 31
Satellite Chemical Co.,Ltd. to Report Q1, 2025 Results on Apr 15, 2025 Satellite Chemical Co.,Ltd. announced that they will report Q1, 2025 results on Apr 15, 2025 Board Change • Mar 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. VP & Non-Independent Director Jun Gao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 26
Satellite Chemical Co.,Ltd. Proposes Final Dividend for 2024 Satellite Chemical Co.,Ltd. announced on 25 March 2025 the profit distribution proposal for 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 5.00000000. Announcement • Mar 25
Satellite Chemical Co.,Ltd., Annual General Meeting, Apr 14, 2025 Satellite Chemical Co.,Ltd., Annual General Meeting, Apr 14, 2025, at 14:00 China Standard Time. Location: No. 196, Fuqiang Road, Nanhu District, Jiaxing, Zhejiang China New Risk • Feb 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 80% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (80% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Feb 26
Price target increased by 7.4% to CN¥24.69 Up from CN¥22.99, the current price target is an average from 6 analysts. New target price is 19% above last closing price of CN¥20.75. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥2.03 for next year compared to CN¥1.81 last year. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥1.81 (vs CN¥1.42 in FY 2023) Full year 2024 results: EPS: CN¥1.81 (up from CN¥1.42 in FY 2023). Revenue: CN¥47.4b (up 14% from FY 2023). Net income: CN¥6.08b (up 27% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Announcement • Dec 31
Satellite Chemical Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 25, 2025 Satellite Chemical Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Oct 22
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.49 (up from CN¥0.46 in 3Q 2023). Revenue: CN¥12.9b (up 19% from 3Q 2023). Net income: CN¥1.64b (up 5.4% from 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Satellite Chemical Co.,Ltd. to Report Q3, 2024 Results on Oct 22, 2024 Satellite Chemical Co.,Ltd. announced that they will report Q3, 2024 results on Oct 22, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.51, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 7.6% over the past three years. Reported Earnings • Jul 20
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: CN¥0.31 (down from CN¥0.33 in 2Q 2023). Revenue: CN¥10.6b (down 2.5% from 2Q 2023). Net income: CN¥1.03b (down 8.5% from 2Q 2023). Profit margin: 9.8% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 29
Satellite Chemical Co.,Ltd. to Report First Half, 2024 Results on Jul 18, 2024 Satellite Chemical Co.,Ltd. announced that they will report first half, 2024 results on Jul 18, 2024 Reported Earnings • Apr 23
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.21 in 1Q 2023). Revenue: CN¥8.80b (down 6.5% from 1Q 2023). Net income: CN¥1.02b (up 45% from 1Q 2023). Profit margin: 12% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 30
Satellite Chemical Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Satellite Chemical Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Mar 26
Satellite Chemical Co.,Ltd., Annual General Meeting, Apr 15, 2024 Satellite Chemical Co.,Ltd., Annual General Meeting, Apr 15, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Jiaxing, Zhejiang China New Risk • Mar 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 86% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (86% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CN¥1.43 (vs CN¥0.91 in FY 2022) Full year 2023 results: EPS: CN¥1.43 (up from CN¥0.91 in FY 2022). Revenue: CN¥40.7b (up 10.0% from FY 2022). Net income: CN¥4.80b (up 57% from FY 2022). Profit margin: 12% (up from 8.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Dec 30
Satellite Chemical Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 Satellite Chemical Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.071 in 3Q 2022). Revenue: CN¥10.9b (up 21% from 3Q 2022). Net income: CN¥1.55b (up CN¥1.32b from 3Q 2022). Profit margin: 14% (up from 2.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Satellite Chemical Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Satellite Chemical Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Jul 18
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.34 (down from CN¥0.37 in 2Q 2022). Revenue: CN¥10.6b (flat on 2Q 2022). Net income: CN¥1.13b (down 10% from 2Q 2022). Profit margin: 11% (down from 12% in 2Q 2022). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 01
Satellite Chemical Co.,Ltd. to Report First Half, 2023 Results on Jul 18, 2023 Satellite Chemical Co.,Ltd. announced that they will report first half, 2023 results on Jul 18, 2023 Announcement • May 06
Satellite Chemical Co.,Ltd., Annual General Meeting, May 19, 2023 Satellite Chemical Co.,Ltd., Annual General Meeting, May 19, 2023, at 09:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider Launching foreign exchange hedging business; and to discuss other matters. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.45 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.45 in 1Q 2022). Revenue: CN¥9.42b (up 16% from 1Q 2022). Net income: CN¥707.2m (down 54% from 1Q 2022). Profit margin: 7.5% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥15.83, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 201% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.92 per share. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Supervisor Xiaolong Hu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥14.29, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 209% over the past three years. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 47% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥40.2b to CN¥36.9b. EPS estimate also fell from CN¥2.25 per share to CN¥1.19 per share. Net income forecast to grow 57% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target down from CN¥25.54 to CN¥22.02. Share price fell 3.4% to CN¥12.40 over the past week. Price Target Changed • Oct 26
Price target decreased to CN¥23.05 Down from CN¥25.54, the current price target is an average from 5 analysts. New target price is 73% above last closing price of CN¥13.34. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥1.26 for next year compared to CN¥1.79 last year. Reported Earnings • Oct 25
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.53 (down from CN¥0.63 in 3Q 2021). Revenue: CN¥8.96b (down 3.2% from 3Q 2021). Net income: CN¥235.0m (down 89% from 3Q 2021). Profit margin: 2.6% (down from 23% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 87%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 06
Upcoming dividend of CN¥0.40 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 13 October 2022. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (1.8%). Announcement • Oct 02
Satellite Chemical Co.,Ltd. Announces 2022 Interim Profit Distribution Plan, Payable on October 13, 2022 Satellite Chemical Co.,Ltd. announced that 2022 interim profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 4.00000000. Record date is 12 October 2022. Ex-date is 13 October 2022. Payment date is 13 October 2022. Announcement • Sep 16
Satellite Chemical Co.,Ltd. Approves Profit Distribution Plan for 2022 Satellite Chemical Co.,Ltd. at its 3rd Extraordinary General Meeting of 2022 held on 14 September 2022 approved 2022 interim profit distribution plan as Cash dividend/10 shares (tax included): CNY4.00000000. Price Target Changed • Sep 08
Price target decreased to CN¥35.75 Down from CN¥38.56, the current price target is an average from 9 analysts. New target price is 69% above last closing price of CN¥21.10. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥3.19 for next year compared to CN¥2.50 last year. Reported Earnings • Sep 01
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.52 (down from CN¥0.57 in 2Q 2021). Revenue: CN¥10.7b (up 49% from 2Q 2021). Net income: CN¥1.26b (down 7.3% from 2Q 2021). Profit margin: 12% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 66%. Over the next year, revenue is forecast to grow 26%, compared to a 38% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Aug 31
Satellite Chemical Co.,Ltd. Proposes Cash Dividend for the First Half of 2022 Satellite Chemical Co.,Ltd. proposed cash dividend/10 shares (tax included) of CNY 4.00000000 for the first half of 2022. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥25.71, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 318% over the past three years. Price Target Changed • Jun 07
Price target increased to CN¥42.26 Up from CN¥38.55, the current price target is an average from 9 analysts. New target price is 54% above last closing price of CN¥27.43. Stock is up 9.0% over the past year. The company is forecast to post earnings per share of CN¥3.26 for next year compared to CN¥2.50 last year. Announcement • May 28
Satellite Chemical Co.,Ltd. Announces 2021 Final Profit Distribution, Payable on June 06, 2022 Satellite Chemical Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 3.49303300. Record date is 02 June 2022. Ex-date is 06 June 2022. Payment date is 06 June 2022. Board Change • May 12
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Supervisor Xiaolong Hu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.89 (up from CN¥0.44 in 1Q 2021). Revenue: CN¥8.14b (up 125% from 1Q 2021). Net income: CN¥1.52b (up 98% from 1Q 2021). Profit margin: 19% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 34%, compared to a 43% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
Satelltte Chemical Co., Ltd. Approves Cash Dividend for the Year 2021 Satelltte Chemical Co., Ltd. at its annual general meeting held on April 11, 2022, approved cash dividend per ten shares (tax included) of CNY 3.50000000 for the year 2021. Price Target Changed • Oct 26
Price target increased to CN¥52.91 Up from CN¥40.30, the current price target is an average from 9 analysts. New target price is 25% above last closing price of CN¥42.31. Stock is up 179% over the past year. The company is forecast to post earnings per share of CN¥3.23 for next year compared to CN¥1.09 last year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥1.24 (vs CN¥0.29 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.25b (up 233% from 3Q 2020). Net income: CN¥2.13b (up 398% from 3Q 2020). Profit margin: 23% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥36.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 370% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥45.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 489% over the past three years. Major Estimate Revision • Aug 02
Consensus EPS estimates increase to CN¥2.46 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥20.7b to CN¥22.5b. EPS estimate increased from CN¥2.04 to CN¥2.46 per share. Net income forecast to grow 42% next year vs 42% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥40.30. Share price rose 3.5% to CN¥39.33 over the past week. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS CN¥0.80 (vs CN¥0.28 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.15b (up 129% from 2Q 2020). Net income: CN¥1.36b (up 213% from 2Q 2020). Profit margin: 19% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 03
Price target increased to CN¥37.51 Up from CN¥30.47, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CN¥38.40. Stock is up 226% over the past year. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.62 (vs CN¥0.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.62b (up 119% from 1Q 2020). Net income: CN¥766.6m (up CN¥726.3m from 1Q 2020). Profit margin: 21% (up from 2.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 19
Consensus revenue estimates fall to CN¥20.3b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥22.6b to CN¥20.3b. EPS estimate fell from CN¥2.63 to CN¥2.50 per share. Net income forecast to grow 85% next year vs 45% growth forecast for Chemicals industry in China. Consensus price target down from CN¥50.88 to CN¥41.49. Share price rose 2.4% to CN¥36.98 over the past week. Price Target Changed • Apr 16
Price target decreased to CN¥41.49 Down from CN¥50.88, the current price target is an average from 8 analysts. New target price is 14% above last closing price of CN¥36.50. Stock is up 162% over the past year. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS CN¥1.52 (vs CN¥1.20 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥10.8b (flat on FY 2019). Net income: CN¥1.66b (up 31% from FY 2019). Profit margin: 15% (up from 12% in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥37.07, the stock is trading at a trailing P/E ratio of 24.4x, down from the previous P/E ratio of 28.8x. This compares to an average P/E of 36x in the Chemicals industry in China. Total returns to shareholders over the past three years are 118%. Announcement • Feb 24
Zhejiang Satellite Petrochemical Co., Ltd. to Report Fiscal Year 2020 Results on Apr 13, 2021 Zhejiang Satellite Petrochemical Co., Ltd. announced that they will report fiscal year 2020 results on Apr 13, 2021 Is New 90 Day High Low • Feb 08
New 90-day high: CN¥43.65 The company is up 66% from its price of CN¥26.30 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.83 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥41.78, the stock is trading at a trailing P/E ratio of 35.5x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 174%. Is New 90 Day High Low • Jan 21
New 90-day high: CN¥31.50 The company is up 52% from its price of CN¥20.79 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.53 per share. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥30.10, the stock is trading at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 22.2x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 68%. Is New 90 Day High Low • Jan 06
New 90-day high: CN¥28.67 The company is up 41% from its price of CN¥20.27 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.53 per share. Announcement • Dec 29
Zhejiang Satellite Petrochemical Co., Ltd. Announces Executive Changes Zhejiang Satellite Petrochemical Co., Ltd. announced that at its EGM held on 25 December 2020, it has approved the election of Yang Weidong, Ma Guolin, Yang Yuying and Zhu Xiaodong as non-independent directors. Approved the election of Gao Changyou, Pan Yushuang and Fei Jinhong as independent directors of the company. Approved the election of Tang Wenrong
and Hu Xiaolong as non-employee supervisors. Price Target Changed • Nov 20
Price target raised to CN¥25.00 Up from CN¥22.06, the current price target is an average from 9 analysts. The new target price is close to the current share price of CN¥26.03. As of last close, the stock is up 88% over the past year. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 18% share price gain to CN¥26.30, the stock is trading at a trailing P/E ratio of 22.3x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 81%.