Satellite Petrochemical's Q1 net profit surges 53.38%

Zhejiang Satellite Petrochemical (SZSE:002648) reported a 40.03% year-over-year increase in revenue, reaching CNY 12,328,965,786.39 for the first quarter of 2025. Net profit attributable to shareholders climbed 53.38% to CNY 1,568,469,323.36. Excluding non-recurring items, net profit increased by 59.17% to CNY 1,692,092,059.89. The company's operating cash flow showed a significant rise of 141.91%, totaling CNY 1,598,501,498.16. Basic and diluted earnings per share both increased to CNY 0.47. The company's total assets stood at CNY 68,659,531,214.26, with shareholders' equity reaching CNY 31,819,495,074.14, marking a 5.06% increase from the previous year-end. The increase in revenue was attributed to increased sales volume and prices.