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China Satellite Communications

XSSC:601698
Snowflake Description

Flawless balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
601698
XSSC
CN¥55B
Market Cap
  1. Home
  2. CN
  3. Media
Company description

China Satellite Communications Co., Ltd. provides satellite communications and broadcasting services to broadcast, telecom, corporate, and government customers. The last earnings update was 91 days ago. More info.


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  • China Satellite Communications has significant price volatility in the past 3 months.
601698 Share Price and Events
7 Day Returns
8.6%
XSSC:601698
-5.7%
CN Media
-4%
CN Market
1 Year Returns
-
XSSC:601698
11.7%
CN Media
26%
CN Market
601698 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Satellite Communications (601698) 8.6% 20.4% 28.9% - - -
CN Media -5.7% 3.9% 6% 11.7% -38.4% -46.8%
CN Market -4% 2% 4.7% 26% -7.5% 9%
1 Year Return vs Industry and Market
  • No trading data on 601698.
  • No trading data on 601698.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is China Satellite Communications undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Satellite Communications to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Satellite Communications.

XSSC:601698 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XSSC:601698
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.773 (1 + (1- 25%) (0%))
0.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.848 * 6.33%)
8.57%

Discounted Cash Flow Calculation for XSSC:601698 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Satellite Communications is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

XSSC:601698 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.57%)
2020 305.84 Est @ -3.59% 281.71
2021 301.09 Est @ -1.55% 255.46
2022 300.71 Est @ -0.13% 235.00
2023 303.33 Est @ 0.87% 218.35
2024 308.09 Est @ 1.57% 204.28
2025 314.43 Est @ 2.06% 192.04
2026 321.98 Est @ 2.4% 181.13
2027 330.48 Est @ 2.64% 171.25
2028 339.77 Est @ 2.81% 162.17
2029 349.71 Est @ 2.93% 153.74
Present value of next 10 years cash flows CN¥2,055.00
XSSC:601698 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥349.71 × (1 + 3.2%) ÷ (8.57% – 3.2%)
CN¥6,726.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥6,726.66 ÷ (1 + 8.57%)10
CN¥2,957.29
XSSC:601698 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,055.00 + CN¥2,957.29
CN¥5,012.29
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,012.29 / 4,000.00
CN¥1.25
XSSC:601698 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥1.25
Current discount Discount to share price of CN¥13.70
= -1 x (CN¥13.70 - CN¥1.25) / CN¥1.25
-993.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of China Satellite Communications is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Satellite Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Satellite Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:601698 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.13
SHSE:601698 Share Price ** SHSE (2020-01-23) in CNY CN¥13.7
China Media Industry PE Ratio Median Figure of 48 Publicly-Listed Media Companies 33.05x
China Market PE Ratio Median Figure of 3,033 Publicly-Listed Companies 32.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Satellite Communications.

XSSC:601698 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:601698 Share Price ÷ EPS (both in CNY)

= 13.7 ÷ 0.13

106.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Satellite Communications is overvalued based on earnings compared to the CN Media industry average.
  • China Satellite Communications is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does China Satellite Communications's expected growth come at a high price?
Raw Data
XSSC:601698 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 106.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Media Industry PEG Ratio Median Figure of 19 Publicly-Listed Media Companies 1.51x
China Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Satellite Communications, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Satellite Communications's assets?
Raw Data
XSSC:601698 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥2.80
SHSE:601698 Share Price * SHSE (2020-01-23) in CNY CN¥13.7
China Media Industry PB Ratio Median Figure of 58 Publicly-Listed Media Companies 1.87x
China Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 2.37x
XSSC:601698 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:601698 Share Price ÷ Book Value per Share (both in CNY)

= 13.7 ÷ 2.80

4.89x

* Primary Listing of China Satellite Communications.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Satellite Communications is overvalued based on assets compared to the CN Media industry average.
X
Value checks
We assess China Satellite Communications's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. China Satellite Communications has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is China Satellite Communications expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Satellite Communications has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.5%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Satellite Communications expected to grow at an attractive rate?
  • Unable to compare China Satellite Communications's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Satellite Communications's earnings growth to the China market average as no estimate data is available.
  • Unable to compare China Satellite Communications's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSSC:601698 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Media Industry Earnings Growth Rate Market Cap Weighted Average 21.5%
China Media Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
China Market Earnings Growth Rate Market Cap Weighted Average 21.5%
China Market Revenue Growth Rate Market Cap Weighted Average 15.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XSSC:601698 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:601698 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 2,676 1,840 474
2019-06-30 2,720 1,922 459
2019-03-31 2,710 1,974 427
2018-12-31 2,694 2,094 418
2017-12-31 2,621 1,899 389
2016-12-31 2,476 1,664 438

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Satellite Communications is high growth as no earnings estimate data is available.
  • Unable to determine if China Satellite Communications is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XSSC:601698 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Satellite Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601698 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.13
2019-06-30 0.13
2019-03-31 0.12
2018-12-31 0.12
2017-12-31 0.11
2016-12-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China Satellite Communications will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine China Satellite Communications's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. China Satellite Communications's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China Satellite Communications's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Satellite Communications has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has China Satellite Communications performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Satellite Communications's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if China Satellite Communications's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare China Satellite Communications's 1-year earnings growth to the 5-year average due to insufficient past data.
  • China Satellite Communications's earnings growth has exceeded the CN Media industry average in the past year (15.4% vs 1.6%).
Earnings and Revenue History
China Satellite Communications's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Satellite Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601698 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,676.42 474.27 241.22 57.29
2019-06-30 2,720.30 459.06 253.32 56.78
2019-03-31 2,710.19 427.35 226.98 53.29
2018-12-31 2,693.99 418.26 226.98 53.29
2017-12-31 2,620.83 389.46 223.51 49.36
2016-12-31 2,475.94 437.64 172.02 35.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Satellite Communications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Satellite Communications used its assets less efficiently than the CN Media industry average last year based on Return on Assets.
  • Unable to establish if China Satellite Communications improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess China Satellite Communications's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Satellite Communications has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is China Satellite Communications's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Satellite Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Satellite Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Satellite Communications's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Satellite Communications's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • China Satellite Communications has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Satellite Communications Company Filings, last reported 3 months ago.

XSSC:601698 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 15,190.30 0.00 3,883.82
2019-06-30 14,963.93 0.00 3,579.25
2019-03-31 13,539.27 372.77 2,633.54
2018-12-31 13,539.27 372.77 2,633.54
2017-12-31 12,657.01 763.57 2,319.39
2016-12-31 12,603.11 520.82 1,992.60
  • China Satellite Communications has no debt.
  • China Satellite Communications currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • China Satellite Communications has no debt, it does not need to be covered by operating cash flow.
  • China Satellite Communications has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess China Satellite Communications's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Satellite Communications has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is China Satellite Communications's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Satellite Communications dividends.
If you bought CN¥2,000 of China Satellite Communications shares you are expected to receive CN¥0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Satellite Communications's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Satellite Communications's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XSSC:601698 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
China Media Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.9%
China Market Average Dividend Yield Market Cap Weighted Average of 2579 Stocks 1.8%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China Satellite Communications has not reported any payouts.
  • Unable to verify if China Satellite Communications's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Satellite Communications's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Satellite Communications has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Satellite Communications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Satellite Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Satellite Communications has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of China Satellite Communications's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chao Zhuo
AGE 56
CEO Bio

Mr. Chao Zhuo has been General Manager of China Satellite Communications Company Limited (“ChinaSat”) since July, 2010 and serves as its President. Mr. Zhuo holds other positions in certain subsidiaries of ChinaSat, including the General Manager of China Telecommunications Broadcast Satellite Corporation and the Chairman & General Manager of China Direct Broadcast Satellite Company Limited. Mr. Zhuo has extensive experience in corporate management. From 2009 to 2010, Mr. Zhuo served as the Head of the Aerospace Technology Application Division of CASC. From 1983 to 2006, Mr. Zhuo joined China Academy of Launch Vehicle Technology of China Aerospace Science and Technology Corporation. Mr. Zhuo worked in the 14th Institute of CALT as the Designer in office no. 6. From 2006 to 2009, he served as the Assistant to the Director of CALT. He serves as the Chairman of SINO Satellite Communications Company Limited and China Orient Telecomm Satellite Company Limited. He serves as the Director of China DBStar Company Limited. He is a Non Executive Director at APT Satellite Company Limited and APT Satellite International Company Limited since December 10, 2010. He has been a Director at ChinaSat since July 2010. He served as Director of APT Satellite Holdings Ltd. until August 29, 2017. He serves as a Director of APT Satellite Company Limited and APT Satellite Investment Company Limited, subsidiaries of APT Satellite Holdings Ltd. He served as the Deputy Director of CALT. From 2007 to 2009, he served as the Chairman of Beijing Hang Tian Wan Yuan Mei Hua Gong Gong Cheng Ji Shu Co., Ltd. He was the Assistant to the Director of the Technology Bureau. He was the Director of the Science and Technology Commission and the Director and Deputy Director of the 14th Institute. He was the Deputy Director of the Technology Bureau. Mr. Zhuo graduated from the Science & Technology University for National Defense of China in 1983 specializing in Radiation Physics, a Research Fellow and obtained a Master of Business Administration degree from the Beijing Institute of Technology in 2002.

CEO Compensation
  • Insufficient data for Chao to compare compensation growth.
  • Insufficient data for Chao to establish whether their remuneration is reasonable compared to companies of similar size in China.
Management Team

Chao Zhuo

TITLE
President
AGE
56

Hao Ping Mu

TITLE
Chief Financial Officer and Secretary of the Party Committee

Hao Zhang

TITLE
Head of Discipline Inspection
Board of Directors

Winston Wen

TITLE
Chairman
TENURE
7.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess China Satellite Communications's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Satellite Communications has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

China Satellite Communications Co., Ltd. provides satellite communications and broadcasting services to broadcast, telecom, corporate, and government customers. The company offers satellite resource leasing services, such as long-term and temporary leasing; TV and radio program broadcasting services; satellite-based emergency communications support services in various major activities and natural disaster relief operations; satellite application services, including emergency transmission, video conference, long-distance training, mass data delivery, Internet access, etc.; and professional services consisting of business consultation, network design, system integration, hosting, commission maintenance of operation, and equipment maintenance. It operates 16 geostationary communications and broadcasting satellites covering China, Australia, Southeast Asia, South Asia, the Middle East, Europe, Africa, etc. The company is based in Beijing, China. China Satellite Communications Co., Ltd. is a subsidiary of China Aerospace Science and Technology Corporation.

Details
Name: China Satellite Communications Co., Ltd.
601698
Exchange: XSSC
Founded:
CN¥54,800,000,000
4,000,000,000
Website: http://www.chinasatcom.com
Address: China Satellite Communications Co., Ltd.
Building A,
China Satellite Communications Tower,
Beijing,
100190,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 601698 Domestic Shares Shanghai Stock Exchange CN CNY 28. Jun 2019
XSSC 601698 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 28. Jun 2019
Number of employees
Current staff
Staff numbers
0
China Satellite Communications employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 16:02
End of day share price update: 2020/01/23 00:00
Last earnings filing: 2019/10/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.