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Satellite Chemical Announces 2025 Financial Results
Satellite Chemical China achieved operating revenue of approximately RMB 46.068 billion in 2025, representing a 0.92% year-on-year increase. Net profit attributable to shareholders of the parent company amounted to RMB 5.311 billion, down 12.54% year on year, while its overall net profit reached RMB 6.292 billion, up 4.02% year on year.
The decline in the parent company’s net profit in 2025 was mainly attributable to an 8% to 12% year-on-year narrowing of the ethane-ethylene and propane-propylene price spreads, coupled with a 15% year-on-year drop in prices for general acrylic acid products, which put periodic pressure on gross margins. In addition, the delayed exit of high-cost overseas production capacity and oversupply of general chemical products in the domestic market further compressed overall industry profitability.
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