FilingReader Intelligence

Satellite Petrochemical sees profit surge in 2024

February 25, 2025 at 11:05 AM UTCBy FilingReader AI

Zhejiang Satellite Petrochemical (SZSE:002648) announced a significant increase in its 2024 financial performance, with total operating revenue reaching 47.426 billion yuan, a 14.32% increase year-over-year. Total profits surged by 31.59% to 7.064 billion yuan, while net profit attributable to shareholders grew by 26.99% to 6.082 billion yuan. The company attributed the strong results to the successful launch of new facilities, enhanced cost competitiveness through its integrated petrochemical chain, and continuous innovation in high-polymer materials. The company's total assets reached 68.478 billion yuan, with shareholders' equity at 30.296 billion yuan, reflecting growth of 6.03% and 18.97%, respectively. Earnings per share were 1.81 yuan.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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