卫星化学(002648) - 2014 Q4 - 年度业绩预告

Financial Performance - The company's net profit for 2014 is expected to decline by 95% to 65%, with a projected range of net profit between 25.01 million and 175.05 million yuan, compared to 500.14 million yuan in the previous year[3] - The previous forecast indicated a net profit change range of -35.00% to 0.00% for the year[3] - The performance forecast revision has not been audited by registered accountants[4] - The financial data provided in the performance forecast is preliminary and will be finalized in the annual report[6] Market Conditions - The performance forecast was revised due to a significant drop in international oil prices in the fourth quarter, leading to weak demand in downstream industries[5] - The company has maintained stable production operations and successfully launched new projects, but the market is currently experiencing a bearish sentiment[5] - The company emphasizes the need for market absorption of newly added production capacity, which has affected the pricing of acrylic acid and esters products[5] - The company acknowledges that demand in emerging sectors is still maturing, contributing to the overall performance decline[5] Investor Communication - The company expresses sincere apologies to investors for any inconvenience caused by the performance forecast revision[6] - The company has accounted for inventory impairment provisions in its performance forecast to reflect a cautious approach[5]