002408 Zibo Qixiang Tengda Chemical
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Zibo Qixiang Tengda Chemical News
Qi Xiang Tengda (002408.SZ) announced first-quarter results. Net profit of 32.1018 million yuan turned a year-on-year loss into profit
Qi Xiang Tengda (002408.SZ) released its report for the first quarter of 2024. During the reporting period, the company achieved an operating income of 5...
Qi Xiang Tengda (002408.SZ) performance report: 2023 net loss of 384 million yuan
Gelonghui, April 9 | Qi Xiang Tengda (002408.SZ) announced the 2023 annual performance report. During the reporting period, the company achieved operating income of 2691,84663 million yuan, a year-on-year decrease of 9.70%; realized net profit attributable to shareholders of listed companies - 384.1795 million yuan, a year-on-year decrease of 160.62%; realized net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses - 25.76882 million yuan, a year-on-year decrease of 145.04%. Total assets at the end of the reporting period were RMB 2766,09.54 million, down 4.61% from the beginning of the period; attributable to the above
Qixiang Tengda Chemical Resumes Operation of Maleic Anhydride Units
Zibo Qixiang Tengda Chemical (SHE:002408) resumed operations of its maleic anhydride units after maintenance works were completed, the Chinese chemical manufacturer said in its Shenzhen Stock Exchange
Qi Xiang Tengda (002408.SZ): Controlling shareholder will be changed from Qixiang Group to Shanneng New Materials
Gelonghui, April 2, 丨 Qi Xiang Tengda (002408.SZ) announced that on April 1, 2024, the company received the “Notice on the Free Transfer of Shares in Zibo Qixiang Tengda Chemical Co., Ltd.” from Qi Xiang Group, the controlling shareholder of the company, to transfer the 1,305,214,885 shares of Qixiang Tengda (accounting for 45.91% of the company's total share capital) to Shandong Energy Group New Materials Co., Ltd. (“Shanneng New Materials” for short). After the free transfer of state-owned shares is completed, the controlling shareholder of the company will be changed from Qixiang Group to Shanneng New Materials, and the actual controller has not changed
Qi Xiang Tengda (002408.SZ): 100,000 tons/year maleic anhydride plant maintenance completed and production resumed
Qi Xiang Tengda (002408.SZ) issued an announcement. Up to now, the company's 100,000 tons/year maleic anhydride plant has been inspected...
Qi Xiang Tengda (002408.SZ): Cumulative repurchases of 8.035 million shares as of March 31
Gelonghui, March 31, 丨 Qi Xiang Tengda (002408.SZ) announced that as of March 31, 2024, the company had repurchased a total of 8.035 million shares through the Shenzhen Stock Exchange trading system, accounting for 0.28% of the company's total share capital. The highest transaction price was 5.10 yuan/share, the minimum transaction price was 4.85 yuan/share, and the total transaction amount was RMB 397.356 million (excluding transaction fees).
Qi Xiang Tengda (002408.SZ): Initial repurchase of 1,532,900 shares involving 7.733,300 yuan
Gelonghui, March 20, 丨 Qi Xiang Tengda (002408.SZ) announced that on March 20, 2024, the company repurchased 1,532,900 shares of the company's shares for the first time through the Shenzhen Stock Exchange trading system, accounting for 0.05% of the company's total share capital. The highest transaction price was 5.08 yuan/share, the minimum transaction price was 5.00 yuan/share, and the total transaction amount was RMB 77331.35 million (excluding transaction fees).
Qi Xiang Tengda (002408.SZ): Plans to spend 100 million yuan to 200 million yuan to buy back the company's shares
Gelonghui, March 12 | Qi Xiang Tengda (002408.SZ) announced that the company plans to buy back the company's shares through centralized bidding transactions, which are intended to be used to implement employee stock ownership plans or equity incentive plans. The total repurchase capital shall not be less than RMB 100 million (inclusive), and not more than RMB 200 million (inclusive), and the repurchase price of shares shall not exceed RMB 6.16 per share (inclusive). The repurchase period shall not exceed 12 months from the date the board of directors of the company reviewed and approved the repurchase plan.
Qi Xiang Tengda (002408.SZ): The precious metal catalysts produced by Qilu Keli mainly include hydrogenation catalysts, maleic anhydride catalysts, hydrogen conversion catalysts, sulfur-resistant conversion catalysts, etc.
Gelonghui March 6 丨 Qi Xiang Tengda (002408.SZ) was surveyed by a specific target on March 6, 2024, on “What were the main products of precious metal catalysts in the previous company?” The company replied that the precious metal catalysts produced by Qilu Keli, a holding subsidiary of the company, mainly include hydrogenation catalysts, maleic anhydride catalysts, hydrogen conversion catalysts, and sulfur-resistant conversion catalysts. In the future, the company will also give full play to Qilu Keli's industrial advantages to form industrial collaboration and complementary advantages within the Shanneng Group system around coal chemicals, oil chemicals, and salt chemicals within the Shanneng Group system.
Qi Xiang Tengda (002408.SZ): It is also planning to expand downstream of the maleic anhydride industry chain, mainly in the field of high-end new chemical materials
Gelonghui March 6 | Qi Xiang Tengda (002408.SZ) was surveyed by a specific target on March 6, 2024. “Does the company have any plans to continue expanding downstream of maleic anhydride in the next step? What direction are you planning to move in?” The company replied that the company's current maleic anhydride production capacity is 400,000 tons/year, which is currently the largest maleic anhydride plant in China. Downstream maleic anhydride products are mainly used in unsaturated polyester resins, fumaric acid, agrochemicals, paint coatings, lubricant additives, etc. Domestic maleic anhydride production capacity has grown rapidly in recent years, and the company is also planning to expand downstream of the maleic anhydride industry chain, mainly in the field of high-end new chemical materials
Qi Xiang Tengda (002408.SZ): Currently, the design production capacity of butadiene rubber is 110,000 tons/year
Gelonghui March 6 丨 Qi Xiang Tengda (002408.SZ) was surveyed by a specific target on March 6, 2024, about “How large is the production capacity of the company's butadiene butadiene rubber production line? Is the butadiene rubber produced rare earth butadiene rubber?” The company replied that the company's current design production capacity of butadiene rubber is 110,000 tons/year. The main product is nickel-butadiene rubber, which has lower production costs and can meet the needs of different markets for rubber products.
Qi Xiang Tengda (002408.SZ): General manager Che Chengju completed an increase of 17.0906 million shares
Gelonghui, March 1, 丨 Qi Xiang Tengda (002408.SZ) announced that on March 1, 2024, the company received a “Notice Letter on the Completion of the Implementation of the Share Increase Plan” issued by General Manager Che Chengju, and the plan to increase the company's shares has already been implemented. From September 4, 2023 to March 1, 2024, Mr. Che Chengju, the general manager, increased his holdings of the company's shares by 17.0906 million shares through centralized bidding transactions through the Shenzhen Stock Exchange trading system, accounting for 0.60% of the company's total share capital. The cumulative increase in holdings was about 101 million yuan.
Qi Xiang Tengda (002408.SZ): Imposing consumption tax increases the cost of isooctane by more than 2,000 yuan per ton
Gelonghui, February 20 | Qi Xiang Tengda (002408.SZ) said at an investor relations event that in the long run, the imposition of isooctane consumption tax will benefit the company. The additional consumption tax will increase the cost of isooctane by more than 2,000 yuan per ton, reduce the gross profit of isooctane products, greatly reduce the operating rate of alkylation plants, increase the supply of carbon 4, and the price of carbon 4 will drop accordingly. The company's raw material costs will also be reduced accordingly.
Qi Xiang Tengda (002408.SZ): Currently, the vast majority of the company's products are profitable
Gelonghui, Feb. 20 | Qi Xiang Tengda (002408.SZ) said at an investor relations event that after the Spring Festival, with the gradual recovery of downstream operating rates, the profitability of the company's main products is gradually improving, and currently the vast majority of the company's products are profitable. The company will also adjust device production capacity in a timely manner according to changes in market conditions to ensure maximum production capacity for profitable products.
Qi Xiang Tengda (002408.SZ): The current market price of isonononyl alcohol products is about 12,000 yuan/ton
Gelonghui, Feb. 20 | Qi Xiang Tengda (002408.SZ) said at an investor relations event that the company plans a total investment of 1,798 billion yuan for the 200,000 tons/year isononyl alcohol project. Currently, the project is in the long-term equipment ordering and drawing design stage. It is expected to be completed and put into operation in the first half of next year. Currently, the market price of isonononyl alcohol products is around 12,000 yuan/ton. On the premise that it meets safety and environmental protection requirements, the company will speed up the construction progress of the device and strive to start production as soon as possible to achieve results.
Qi Xiang Tengda (002408.SZ): General manager Che Chengju has increased his holdings by a total of 1,316,600 shares
Gelonghui, Feb. 19, 丨 Qi Xiang Tengda (002408.SZ) announced that on February 19, 2024, the company received a notice from Mr. Che Chengju, from February 5, 2024 to February 19, 2024, that Mr. Che Chengju increased his holdings of the company's shares by a total of 1,316,600 shares (0.046% of the company's total share capital) through centralized bidding during the period from February 5, 2024 to February 19, 2024, with a total increase of RMB 540.25.36 million (excluding handling fees).
Qi Xiang Tengda (002408.SZ) general manager Che Chengju has increased his holdings by 1.358,400 shares
According to the Zhitong Finance App, Qi Xiang Tengda (002408.SZ) issued an announcement. On February 3, 2024, the company received a notice from Mr. Che Chengju, the general manager. Mr. Che Chengju increased his holdings of the company's shares by a total of 1.358,400 shares (0.047% of the company's total share capital) through centralized bidding from November 28, 2023 to February 2, 2024, with a total increase of RMB 6.18 million.
Qi Xiang Tengda (002408.SZ): Pre-loss of 304 million yuan to 425 million yuan in 2023
Gelonghui, January 30 | Qi Xiang Tengda (002408.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 424.6436 million yuan to -30,4223 million yuan; net profit after deducting non-recurring profit and loss was -25,17461 million yuan to -131.5.45 million yuan; basic earnings per share was -0.15 yuan/share to -0.11 yuan/share. During the reporting period, due to factors such as the slowdown in demand growth in the downstream market and increased competition in the industry, the chemical industry was at the bottom of the cycle, and the price drop for the company's main products exceeded that of raw materials
Qi Xiang Tengda (002408.SZ): In the long run, the imposition of isooctane consumption tax is beneficial to the company
Gelonghui, January 5 | Qi Xiang Tengda (002408.SZ) said at an investor relations event that in the long run, the imposition of isooctane consumption tax will benefit the company. The additional consumption tax will increase the cost of isooctane by more than 2,000 yuan per ton, reduce the gross profit of isooctane products, greatly reduce the operating rate of alkylation plants, increase the supply of carbon 4, and the price of carbon 4 will drop accordingly. The company's raw material costs will also be reduced accordingly.
Qi Xiang Tengda (002408.SZ): The overall profit level showed a trend of low to high
Gelonghui, January 5, 丨 Qi Xiang Tengda (002408.SZ) said at an investor relations event that due to the weak recovery of the domestic economy, the company's overall profit level showed a trend of low and high levels this year. The products with good annual profits include butadiene rubber, isobutylene, MTBE, TBA, methylene ketone, etc. The company will rationally adjust the production capacity of the device according to the profit situation of the product to ensure maximum production capacity for profitable products.
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