STL(SZ:002648) Zheng Quan Ri Bao·2025-06-03 16:41Core Viewpoint - Satellite Chemical Co., Ltd. has announced a cash dividend of 5.00 RMB per 10 shares, totaling 1.678 billion RMB, reflecting management's positive outlook on the company's development [2] Financial Performance - In 2024, Satellite Chemical achieved a revenue of 45.648 billion RMB, a year-on-year increase of 10.03%, and a net profit attributable to shareholders of 6.072 billion RMB, up 26.77% [2] - In Q1 2024, the company reported a revenue of 12.329 billion RMB and a net profit of 1.568 billion RMB, representing year-on-year growth of 40.03% and 53.38% respectively [2] Industry Context - The overall petrochemical industry is facing challenges, with a reported revenue growth of only 2.1% and a profit decline of 8.8% in 2024 [2] - The chemical sector specifically saw revenue growth of 4.6% but a profit decline of 6.4%, indicating a trend of "increased revenue without increased profit" [2] Strategic Initiatives - Satellite Chemical has implemented a high-quality green innovation strategy, focusing on core technologies and R&D [3] - The company developed a low-energy consumption process for producing ethylene glycol, significantly reducing production costs and generating over 100 million RMB in annual efficiency gains [3] - Investments in a 100,000-ton ethanolamine facility and advancements in the new materials and renewable energy sectors are part of the company's strategic transformation [3] Sustainability Focus - The green full-industry chain strategy aligns with global trends towards low-carbon and sustainable development in the chemical industry [3] - Satellite Chemical's approach integrates green principles throughout the supply chain, from raw material selection to product application, positioning the company favorably against external challenges and future market competition [3]