证券日报网讯卫星化学8月18日在互动平台回答投资者提问时表示，公司积极响应国家的政策号召，专 注以绿色低碳原料打造化学新材料科技公司，现已构建了领先的轻烃一体化产业链，具有流程短、转化 率高、绿色低碳等优势。公司将继续做好生产经营工作，以坚实的业绩回馈广大投资者，与广大股东共 享发展成果。具体经营情况请关注公司定期报告。 （文章来源：证券日报） ...

Core Insights - Satellite Chemical reported a total revenue of 23.46 billion yuan for the first half of 2025, representing a year-on-year increase of 20.93%, and a net profit attributable to shareholders of 2.744 billion yuan, up 33.44% year-on-year [1] Group 1: Financial Performance - In Q2 2025, the company achieved a single-quarter revenue of 11.131 billion yuan, a year-on-year increase of 5.05% but a quarter-on-quarter decrease of 9.72%, with a net profit of 1.175 billion yuan, up 13.72% year-on-year but down 25.07% quarter-on-quarter [1] - The company experienced a significant increase in cash flow, with net cash flow from operating activities reaching 5.052 billion yuan, a year-on-year growth of 138.88% [3] Group 2: Product Performance - The company maintained a balance between production and sales, achieving steady growth in gross margins across major products despite external pressures on product prices [2] - Revenue from functional chemicals reached 12.217 billion yuan in the first half of 2025, a year-on-year increase of 32.12%, with a gross margin increase of 2.64 percentage points [2] - Revenue from high polymer new materials was 5.245 billion yuan, a year-on-year decrease of 4.43%, but with a gross margin increase of 0.74 percentage points [2] - Revenue from new energy materials was 304 million yuan, down 14.93% year-on-year, but with a gross margin increase of 0.30 percentage points [2] Group 3: Strategic Developments - The company has established a comprehensive development matrix for downstream chemicals in the C2 sector, with significant production capacities in various products [4] - The company is focused on enhancing its integrated collaborative advantages and aims to deepen its high-value-added product offerings [4] - Future projects include the construction of new acrylic acid production capacities at its Pinghu and Jiaxing bases, aimed at expanding high-value product offerings [4] Group 4: Profit Forecast - Due to pressure on product prices, the company has slightly adjusted its profit forecasts, predicting net profits attributable to shareholders of 6.303 billion, 7.794 billion, and 9.033 billion yuan for 2025-2027, with corresponding PE ratios of 10.1, 8.1, and 7.0 times [5]