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601698
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Shanghai Composite
Over the past 12 months, China Satellite Communications Co Ltd has underperformed Shanghai Composite, delivering a return of -4% compared to the Shanghai Composite's +14% growth.
Stocks Performance
601698 vs Shanghai Composite
Performance Gap
601698 vs Shanghai Composite
Performance By Year
601698 vs Shanghai Composite
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
China Satellite Communications Co Ltd
Glance View
China Satellite Communications Co., Ltd., known as China Satcom, navigates the skies as one of China's leading satellite operators, deeply embedded within the nation's expansive communications ecosystem. Established in the wave of telecommunications advancements, China Satcom is a pivotal subsidiary under the China Aerospace Science and Technology Corporation. The company operates a substantial fleet of communications satellites, offering a tapestry of services that range from transponder leasing to network services across Asia, Australia, Africa, and Europe. Residing at the intersection of government initiatives and commercial adaptability, China Satcom capitalizes on its robust infrastructure to cater to wide-ranging sectors including media and broadcasting, aviation, maritime communications, and secure communication channels for government entities. The breadth of its satellite coverage serves as the backbone for enabling seamless telecommunication possibilities in an era striving for connectivity. Revenue generation at China Satcom is an intricate dance of sophisticated technology narrated through practical applications. By leasing satellite transponders and providing satellite communication services, the company ensures steady streams of income while cementing its position as a crucial player in ensuring satellite-supported communication networks. Augmenting its earnings, China Satcom's strategic partnerships and collaborations with global telecommunications companies further accentuate its international foothold. Additionally, the company ventures into broadband services, targeting rural and underserved regions, thereby expanding its market reach while supporting China’s national digital infrastructure goals. Through sustained innovation, China Satcom not only fortifies its financial standing but also propels the forward trajectory of global communications, illustrating a saga of technological prowess meeting market demand.
