China Satellite Communications (601698) Stock Price, Fundamentals & Analysis

What 601698 does

China Satellite Communications (601698) is a stock listed on the Shanghai Stock Exchange in the Communication Services sector, Telecom Services industry. Headquartered in Beijing, China, with 620 employees, the company provides satellite communications and broadcasting services. Its business support platforms include a visualized platform for satellite resource design, simulation, and evaluation; a multi-satellite unified tracking, telemetry, and control (TT&C) platform; and carrier-grade satellite broadband infrastructure. It also offers satellite resource rental, TT&C consulting, bandwidth rental for TV channel distribution, and services for airborne, maritime, emergency response, and universal applications.

Key numbers explained

• The current price is 23.56 CNY, with a market capitalization of 99.53B CNY — a measure of the total value of all outstanding shares.
• The trailing P/E ratio of 261.8 shows how much investors pay per unit of recent earnings; a high reading like this one indicates earnings are small relative to price. The forward P/E ratio of 157.1 is based on expected earnings instead.
• Earnings per share over the trailing 12 months are 0.09 CNY, meaning each share earned a modest amount during the period.
• The dividend yield of 0.13% is the share of the price returned to shareholders as dividends. China Satellite Communications pays out 35% of earnings as dividends, with the next ex-dividend date on Jun 25, 2026.
• Beta of 0.48 suggests the stock historically moves less than the broader market — for example, it is less volatile than peers you may find by comparing China Mobile (600941) or China Telecom Corporation (601728).
• Over the last 52 weeks, the price ranged from 20.07 to 53.88, and the stock is up 12.8% from one year ago.
• Revenue for the trailing 12 months totals 2.65B CNY, growing 0.6% year over year, with a profit margin of 14.1% and an operating margin of 11.9%.
• Return on equity of 2.3% measures how effectively the company generates profit from shareholders' capital. The debt-to-equity ratio is 0.7%, and the price-to-book ratio is 6.27.

What to watch

When following a satellite communications company like China Satellite Communications, several general factors can influence the stock. Revenue growth and contract renewal rates in satellite bandwidth rental and TT&C services affect top-line performance. Regulatory decisions around spectrum allocation and broadcasting policy in China are relevant. Competitive dynamics against other telecom providers — such as China United Network Communications (600050) — shape the broader landscape. Macroeconomic conditions and government infrastructure spending in the Communication Services sector also play a role. As with any stock, changes in interest rates and market sentiment toward the Shanghai Stock Exchange can affect trading levels.