002493 Rongsheng Petro Chemical
- 11.58
- +0.43+3.86%
Rongsheng Petro Chemical News
Saudi Aramco Signs JV Framework With China's Rongsheng Petrochemical
Saudi Arabian Oil Co. (SASE:2222, 64EZ.L) d/b/a Saudi Aramco, said on April 27 that it is exploring joint venture opportunities with China's Rongsheng Petrochemical. The venture would primarily focus
Rongsheng Petrochemical Co., Ltd. Just Recorded A 5.2% Revenue Beat: Here's What Analysts Think
Rongsheng Petrochemical Co., Ltd. (SZSE:002493) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company follo
Rongsheng Petrochemical (002493): The bottom of the boom confirms the layout of new materials opens up room for growth
Incident: The company released its 2023 annual report, achieving operating income of 325.1 billion yuan, +12% year-on-year, and net profit to mother of 1.16 billion yuan, -65% year-on-year. Of these, 23Q4 achieved a net profit of 10.5 to mother in a single quarter
Prices are rising one after another! Chemical product prices are at the bottom or have experienced excessive price growth in these segments
① Recently, the chemical sector is gaining popularity, and related individual stocks have risen on a large scale. ② China's chemical product price index hit the bottom of the current round at 4,543 points on January 11. ③ CITIC Securities has summarized the types of chemicals that have achieved excessive increases in price compared to costs since 2024Q1, including refrigerants, TMA, viscose filaments, nitrochlorobenzene, maltol, vitamins, MMA, etc.
Rongsheng Petrochemical (002493): Petrochemical profits are under pressure in '23, waiting for the economy to improve
Net profit for 23 years was 1.16 billion yuan/-65% year over year, maintaining the “increase in holdings” rating. Rongsheng Petrochemical released its 23rd annual report on April 25, achieving revenue of 325.1 billion yuan, yoy +12.5%, and net profit to mother 11
Guojin Securities released a research report on April 26 stating that it gave Rongsheng Petrochemical (002493.SZ) a purchase rating. The main reasons for the rating include: 1) the performance of Zhejiang Petrochemical and CICC is under pressure, and the
Guojin Securities released a research report on April 26 stating that it gave Rongsheng Petrochemical (002493.SZ) a purchase rating. The main reasons for the rating include: 1) the performance of Zhejiang Petrochemical and CICC is under pressure, and the repair of product price differences may improve performance; 2) demand for olefin chemicals is bottoming out, and the refining sector is booming or continues to support performance restoration; 3) multiple new materials projects are progressing smoothly & signing a “Cooperation Framework Agreement” with Aramco and the US, with high growth potential in the future. (Mainichi Keizai Shimbun)
Rongsheng Petrochemical (002493) Comment: 2023 results are in line with expectations, Saudi Aramco cooperation opens up room for development
Company announcement: In 2023, the company achieved operating income of 325.11 billion yuan, a year-on-year increase of 12.5%, and achieved net profit of 1.16 billion yuan, a year-on-year decrease of 65.3%; of these, Q4 achieved revenue of 86.06 billion yuan.
Rongsheng Petrochemical (002493): Refining and chemical industry improving, new bases at home and abroad help growth
The company achieved net profit of 1,158 billion yuan in 2023, -65.33% YoY. In 2023, the company achieved operating income of 325.112 billion yuan, +12.46% year-on-year; achieved net profit of 11.58 billion yuan
Rongsheng Petrochemical (002493) Company Comment: At the bottom of the economy, practice internal skills, leaders forge ahead and seek recovery!
Performance brief review Rongsheng Petrochemical released the company's 2023 annual performance report on April 25, 2024. The company achieved operating income of 325.1 billion yuan in the full year of 2023, an increase of 12.46% over the previous year, and achieved a net profit return to mother
The “local tycoon” in the Middle East takes another step! Saudi Aramco plans to invest 11 billion yuan in Hengli Petrochemical
Why are stock prices moving higher and lower?
Express News | Rongsheng Petrochemical invests in the establishment of a logistics company in Zhoushan
Rongsheng Petrochemical (002493.SZ): Half way through the increase period, Rongsheng Holdings increased its holdings by 48.1682 million shares
Gelonghui, April 18 | Rongsheng Petrochemical (002493.SZ) announced that as of the announcement disclosure date, the implementation period of this increase plan has passed. Rongsheng Holdings increased its holdings by 48,1681.94 million shares through centralized bidding through the Shenzhen Stock Exchange trading system, accounting for 0.48% of the current total share capital of the company, with an increase of about 5016.774 million yuan. The implementation of this plan to increase its holdings has not yet been completed, and Rongsheng Holdings will continue to increase its holdings in accordance with the holdings increase plan.
Express News | Rongsheng Petrochemical invests in the establishment of a new logistics company
Rongsheng Petrochemical Begins Operation of Polyester Plant
Rongsheng Petrochemical (SHE:002493) started operating its multi-functional polyester chip production line, the Chinese petrochemical company said in its filing on the Shenzhen Stock Exchange. The pla
Express News | Rongsheng Petrochemical: Yishengda Petrochemical Co., Ltd. put into operation a multi-functional polyester chip project with an annual output of 1 million tons
The maximum amount of 20 A-share listed companies planned to increase their holdings in the first quarter was over 200 million yuan! The controlling shareholders of Tongwei Co., Ltd. and Rongsheng Petrochemical plan to increase their holdings by up to 2 b
① Sort through the list of 20 listed companies that disclosed plans to increase their holdings in the first quarter of 2024 with an upper limit of 200 million yuan or more; ② Among them, Tongwei Co., Ltd. and Rongsheng Petrochemical both tied for first place with a maximum increase of 2 billion yuan; ③ Muyuan Co., Ltd. and China Mobile both disclosed announcements to complete plans to increase their holdings of more than 1 billion yuan in the first quarter. Haisheng Pharmaceutical announced that the actual controller increased their holdings by 100 shares and was dubbed “the most stubborn increase in holdings”.
Express News | Forty-five stocks were traded in bulk, with Huitong New Materials leading the discount rate of 33.3%
Express News | Rongsheng Petrochemical: The polyether plant with an annual output of 380,000 tons produces qualified products
Rongsheng Petrochemical (002493): Looking at Rongsheng's long-term development potential from Saudi Vision Plan
The goals and practices of the Saudi Vision Plan: Saudi Arabia released the “Vision 2030 Plan” in 2016, which sets out clear goals in nine areas: society, economy, and government. Some of these specific economic goals include: 1
Rongsheng Petrochemical (002493) Announcement Comment: Formulate a “Double Improvement of Quality and Return” Plan to Deepen Sustainable and Healthy Development
Incident: The company issued the “Notice on the Action Plan for Double Improvement of Quality and Return”. Comment: The company's main business is developing rapidly and the strategic cooperation between China and Saudi Arabia continues to be deepened: the company has firmly implemented the “vertical and horizontal strategy” in the Bohai Rim economic circle and the Yangtze River Delta economic circle
Analysis
Price Target
No Data
