Satellite chemistry: announcement of main business data from January to February 2022

Securities code: Zhejiang Satellite Petrochemical Co.Ltd(002648) securities abbreviation: Satellite chemistry Announcement No.: 2022015 satellite Chemistry Co., Ltd

Announcement of main business data from January to February 2022

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Main operating data from January to February 2022

According to the preliminary accounting of satellite Chemical Co., Ltd. (hereinafter referred to as “the company”), from January to February 2022, the company is expected to achieve a total operating revenue of about 5.1 billion yuan, an increase of about 147% year-on-year; The net profit attributable to the shareholders of the listed company is expected to be about 1 billion yuan, with a year-on-year increase of about 138%.

From January to February 2022, operating income and net profit attributable to shareholders of listed companies increased, mainly due to:

1. The company gives full play to the advantages of industrial chain integration and scientific and technological innovation, and realizes the “safe, stable, long, full and excellent” operation of each production device through effective operation; The first phase of Jiangsu Lianyungang Port Co.Ltd(601008) Petrochemical Co., Ltd., a wholly-owned subsidiary, with an annual output of 1.35 million tons of PE, 2.19 million tons of EOE and 260000 tons of ACN combined unit project (hereinafter referred to as “C2 project”) has operated well since it was put into operation on May 20, 2021, further improving the profitability of the company;

2. Through effective operation and management, the company reduces the impact of shutdown of downstream enterprises during the Spring Festival holiday, seizes market opportunities, strives to maximize benefits and achieve year-on-year growth of performance.

At present, the second phase of the company’s C2 project, the green chemical new materials Industrial Park Project (see Announcement No. 2022014 for details) and the C3 new materials and new energy integration project have been smoothly promoted as planned, so as to build confidence for the company to accelerate the realization of the strategic goal of building a low-carbon chemical new materials technology company with lightweight raw materials as the core.

2、 Explanatory matters

1. The above main operating data are preliminary accounting data, which are only used as a reference for investors to timely understand the company’s production and operation profile, and cannot be used to calculate the company’s quarterly and annual performance. Please invest rationally and pay attention to risks.

2. Securities times, Shanghai Securities News and cninfo (www.cn. Info. Com. CN.) For the information disclosure newspapers and websites designated by the company, the information published by the company shall be subject to the announcement published in the above designated newspapers and websites.

It is hereby announced.

Board of directors of satellite Chemical Co., Ltd. March 16, 2002

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