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Satellite Petrochemical forecasts strong Q1 profit growth

March 31, 2025 at 05:52 PM UTCBy FilingReader AI

Zhejiang Satellite Petrochemical (SZSE:002648) has released its first-quarter performance forecast for 2025, projecting a net profit attributable to shareholders of the listed company between CNY 145,000万元 and CNY 165,000万元. This represents a year-over-year increase of 41.79% to 61.35%. The company attributes this growth to its focus on becoming a world-class chemical new materials technology company, emphasizing management and technology leadership. They also cited continuous operational improvements, technological innovations leading to product quality enhancements, effective market strategies, and expansion into overseas markets as factors contributing to the positive results. Basic earnings per share are estimated to be between CNY 0.43 and CNY 0.49.

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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