Rongsheng Petrochemical Evaluating Potential Investment by Aramco Arm in New Materials Project; Shares Rise 3%

MT NewswiresJul 17 12:23

Rongsheng Petrochemical (002493): Profitability expected to improve with oil-to-chemicals technology upgrades

On July 16, Rongsheng Petrochemical announced that its majority-owned subsidiary Zhejiang Petroleum & Chemical Co., Ltd. (in which the company holds a 51% stake) plans to invest in a refining and chemical integration project upgrade, with an estimated total investment of approximately RMB 19.6 billion. The project includes the planned construction of a new No. 5 continuous catalytic reforming unit and a No. 3

Huatai SecuritiesJul 17 00:00

Rongsheng Petrochemical Advances Integrated Refining and Chemical Upgrades | Quick Read Announcement Total project investment: RMB 19.6 billion; annual expected net profit: RMB 14 billion

① Rongsheng Petrochemical's holding subsidiary, Zhejiang Petroleum & Chemical Co., Ltd. (ZPC), plans to invest in a refining and chemical integration project upgrade, with an estimated total investment of approximately RMB 19.6 billion; ② Upon completion, the project is expected to generate annual net profit of approximately RMB 1.41 billion, with a post-tax financial internal rate of return of 11.08%; ③ The project construction period is approximately two years.

cls.cnJul 16 21:59

RMB 920 million! Lithium battery equipment supplier secures contract from 'Ning King' | Selected After-Hours Announcements

A lithium battery equipment supplier has secured a RMB 9 billion order from 'Ning Wang,' the AI vision leader forecasts nearly a sixfold increase in net profit, and a major petrochemical producer is investing RMB 19.6 billion in capacity expansion…

Golden10 DataJul 16 20:58

Net profit surges nearly 541-fold year-over-year! A 18-billion-RMB PCB-related stock releases its half-year earnings forecast | After-Market Announcement Highlights

Changxin Technology: The final online subscription allotment rate is approximately 0.4714%.

cls.cnJul 16 20:31

Rongsheng Petrochemical (002493): Q2 2026 earnings guidance beats expectations; high oil price risks ease

1H26 net profit guidance of RMB 5.00–5.20 billion exceeds market expectations. The company announced that it expects attributable net profit for 1H26 to reach RMB 5.00–5.20 billion, an increase of 730.5%–763.7% year-over-year. That is, Q2

CICCJul 15 08:27