Rongsheng Petrochemical Co., Ltd.

002493

CNE100000W60

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
11.11 ^CNY	-2.29%		-0.89%	+7.34%

May. 03	Rongsheng, Aramco to form Petrochemicals JV	MT
Apr. 29	Rongsheng Petrochemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Rongsheng Petrochemical's Controlling Shareholder to Raise Company Holdings

January 18, 2024 at 05:19 am EST

Rongsheng Petrochemical Co., Ltd. (SZSE:002493) said controlling shareholder plans to raise holdings in the company by CNY 1 billion - CNY 2 billion ($139.05 million - $278.10 million) within six months.

Latest news about Rongsheng Petrochemical Co., Ltd.

Rongsheng, Aramco to form Petrochemicals JV	May. 03	MT
Rongsheng Petrochemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 29	CI
Saudi Aramco Signs JV Framework With China's Rongsheng Petrochemical	Apr. 28	MT
Rongsheng Petrochemical Co., Ltd. Proposes Final Cash Dividend for 2023	Apr. 26	CI
Rongsheng Petrochemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 25	CI
Rongsheng Petrochemical Begins Operation of Polyester Plant	Apr. 03	MT
Saudi's SABIC gives go-ahead for $6.4 bln China petrochemical plant	Jan. 22	RE
Rongsheng Petrochemical's Controlling Shareholder to Raise Company Holdings	Jan. 18	CI
Rongsheng to Build 67.5 Billion Yuan New Materials Factory	Jan. 03	MT
Rongsheng in Talks With Saudi Aramco For Potential JVs in Downstream Refining, Chemicals	Jan. 03	MT
Rongsheng Petrochemical, Saudi Aramco in Talks to Buy Stake in Each Other's Units	Jan. 02	CI
China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units	Jan. 02	RE
China issues 2024 crude import quotas, 60% more than year earlier - trade	Jan. 02	RE
Mideast oil benchmarks wallow in discounts, lowest since 2020	Dec. 19	RE
Mideast oil benchmarks wallow in discounts, lowest since 2020	Dec. 19	RE
Rongsheng Petrochemical's Unit Starts Operation of Film Production Line	Dec. 08	MT
Rongsheng Petrochemical Co., Ltd. announces an Increase in Equity Buyback.	Nov. 26	CI
China's ZPC resells some Abu Dhabi term crude in Q1 2024	Nov. 16	RE
Middle East asset manager Investcorp eyes up to $550 mln in first China yuan fund	Nov. 14	RE
China's CNOOC, two chemical firms looking at Shell Singapore assets - sources	23-10-31	RE
Tranche Update on Rongsheng Petrochemical Co., Ltd.'s Equity Buyback Plan announced on August 21, 2023.	23-10-29	CI
China imposes growth limits on vast oil refining industry	23-10-27	RE
Rongsheng Petrochemical Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-25	CI
Rongsheng Petrochemical Unit's Vinyl Acetate Plant Completes Construction	23-10-23	MT
China refiner Shenghong in preliminary deal with Saudi Aramco for equity investment	23-09-27	RE

Chart Rongsheng Petrochemical Co., Ltd.

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Company Profile

Rongsheng Petro Chemical Co, Ltd. specialises in the production and marketing of petrochemical and chemical fibres. Products include PTA yarns, fully drawn polyester yarns (FDY), pre-oriented polyester yarns (POY), polyester textured drawn yarns (DTY), polyester filaments and polyethylene terephthalate (PET) slivers. China accounts for 92.4% of net sales.

Sector

Commodity Chemicals

Calendar

2024-05-24 - Annual General Meeting

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Ratings for Rongsheng Petrochemical Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.11 CNY

Average target price

12.17 CNY

Spread / Average Target

+9.53%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Commodity Chemicals

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RONGSHENG PETROCHEMICAL CO., LTD.	+7.34%	14.72B
AIR LIQUIDE	+5.97%	105B
SABIC	-4.19%	63.99B
PT CHANDRA ASRI PACIFIC TBK	+51.90%	42.95B
WANHUA CHEMICAL GROUP CO., LTD.	+17.44%	39.2B
LYONDELLBASELL INDUSTRIES N.V.	+6.62%	33.01B
WESTLAKE CORPORATION	+13.00%	20.33B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+15.64%	17.29B
HENGLI PETROCHEMICAL CO.,LTD.	+22.55%	15.72B
NAN YA PLASTICS CORPORATION	-14.29%	13.93B

Other Commodity Chemicals

Rongsheng Petrochemical Co., Ltd.

Equities

002493

CNE100000W60

Commodity Chemicals

Rongsheng Petrochemical's Controlling Shareholder to Raise Company Holdings

EPS Revisions