002493 Rongsheng Petro Chemical
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Rongsheng Petro Chemical News
Is Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Potentially Undervalued?
Today we're going to take a look at the well-established Rongsheng Petrochemical Co., Ltd. (SZSE:002493). The company's stock saw a double-digit share price rise of over 10% in the past couple of m
The third phase of Rongsheng Petrochemical (002493.SZ)'s repurchase has cost 2,992 billion yuan to repurchase 2.65% of the shares
Rongsheng Petrochemical (002493.SZ) issued an announcement. As of April 30, 2024, the company's third repurchase pass...
Rongsheng, Aramco to Form Petrochemicals JV
Rongsheng Petrochemical (SHE:002493) and Saudi petrochemical giant Aramco will form a joint venture at the Saudi Aramco Jubail Refinery or SASREF, according to a press release by Aramco on April 27. U
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
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?
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.
Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Revenues Are Not Doing Enough For Some Investors
Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now compared to the Chemicals industry in China, where around half of the
Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Largest Shareholders Are Private Companies With 53% Ownership, Individual Investors Own 22%
Key Insights Rongsheng Petrochemical's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public The largest shareholder of the co
Rongsheng Petrochemical (002493.SZ) repurchases totaled 5.4553% of its shares in the first three phases and cost about 6.98 billion yuan
Rongsheng Petrochemical (002493.SZ) issued an announcement. As of February 29, 2024, the company's first three repurchases were burdensome...
Strong Week for Rongsheng Petrochemical (SZSE:002493) Shareholders Doesn't Alleviate Pain of Three-year Loss
The truth is that if you invest for long enough, you're going to end up with some losing stocks. But the long term shareholders of Rongsheng Petrochemical Co., Ltd. (SZSE:002493) have had an unfortun
Rongsheng Petrochemical (002493.SZ): The third phase of the repurchase has already repurchased a total of 2.648% of the shares
Gelonghui, Feb. 1 | Rongsheng Petrochemical (002493.SZ) announced that as of January 31, 2024, the company's first three repurchases had accumulated 552,068,158 shares, accounting for 5.4522% of the company's total share capital. The total transaction amount was 6,977,230,470.02 yuan (excluding transaction fees). The third phase of the company's repurchase used a total of 268,122,706 shares of the company's shares through a dedicated securities account, accounting for 2.6480% of the company's total share capital. The highest transaction price was 12.70 yuan/share, and the lowest transaction price was 9.38 yuan
Rongsheng Petrochemical (002493.SZ) issued a pre-cut, with annual net profit of 1 billion yuan to 1.2 billion yuan, a year-on-year decrease of 64.07%-70.06%
Rongsheng Petrochemical (002493.SZ) released its 2023 annual results forecast. Net income attributable to shareholders of listed companies is expected...
Rongsheng Petrochemical (002493.SZ): EVA devices were successfully put into use in December 2021. They are all photovoltaic products, with a production capacity of 300,000 tons. Currently full production and sales are at full capacity
Gelonghui, January 22丨Rongsheng Petrochemical (002493.SZ) said on the investor interactive platform that the company's EVA devices were successfully put into use in December 2021. They are all photovoltaic products, with a production capacity of 300,000 tons. Currently, full production and sales are at full capacity. The commissioning of the company's EVA device will help improve the technical level and self-sufficiency rate of domestic EVA production, vigorously mitigate the current situation where photovoltaic materials are in short supply, ensure the safety of domestic related industry supply chains, implement dual-carbon emission reduction through practical actions, and help the green economy. The company invested in the construction of the 1000 tons/year α-olefin pilot plant at the Zhoushan Green Petrochemical Base. It has been around for 23 years
Selected Announcements | Lego Shares: 2023 net profit pre-increased by 178.88%-197.17%; Rongsheng Petrochemical: Controlling shareholders plan to increase their holdings of the company by 1 billion yuan to 2 billion yuan
Wealth trend: 2023 net profit pre-increased by 101.86% to 124.65%
Rongsheng Petrochemical (002493.SZ): The controlling shareholder of the company did not participate in the financial transfer business
Gelonghui January 16 丨 Rongsheng Petrochemical (002493.SZ) said on the investor interactive platform that the company's controlling shareholder did not participate in the financial transfer business.
Can Rongsheng Petrochemical's three-quarter “deduct Africa” first loss and cooperate with Saudi Aramco to boost performance
“Investor Network” Zhang Wei At the beginning of the new year, there was a big move in the domestic petrochemical industry. On January 2, Rongsheng Petrochemical Co., Ltd. (hereinafter referred to as “Rongsheng Petrochemical”, 002493.SZ), a leading private petroleum refining company, issued an announcement stating that it had signed a “Memorandum of Understanding” with Saudi Aramco Oil Co., Ltd. (hereinafter referred to as “Saudi Aramco”). According to the “Memorandum of Understanding”, the two sides are discussing Rongsheng Petrochemical's plan to acquire 50% of Saudi Aramco's Jubail Refining and Chemical Company (“SASREF Company”) and Saudi Aramco's acquisition of no more than 50% of Ningbo Zhongjin Petrochemical Co., Ltd. (hereinafter referred to as “CICC”)
Rongsheng Petrochemical (002493.SZ): Zhejiang Petrochemical received an export quota of 1.73 million tons of refined oil products
Gelonghui, January 3, 丨 Rongsheng Petrochemical (002493.SZ) said at an investor relations event that on January 2, 2024, Zhejiang Petrochemical received an export quota of 1.73 million tons of refined oil products and 60,000 tons of export quota for low-sulphur marine fuel oil, for a total of 1.79 million tons, accounting for 9% of the national quota.
Rongsheng Petrochemical (002493.SZ): Jubail SASREF refinery is expected to receive good returns
Gelonghui January 3 丨 Rongsheng Petrochemical (002493.SZ) said at an investor relations event that the Jubail SASREF refinery is expected to receive good returns. The project is located in the Jubail Industrial Zone. The area has perfect infrastructure, low transportation costs, relatively low utility prices, land rent and government taxes. The supply of natural gas and ethane is cheap and high-quality, and the advantages are obvious, which is conducive to the low-cost operation of the refinery. Furthermore, this project is a joint venture project, which can enjoy the resources and advantages of both shareholders at the same time, and has a good profit base. According to Sinopec News Network, 400,000 barrels/day of crude oil added to the Sino-Saudi cooperative Yanbu refinery
Rongsheng Petrochemical (002493.SZ): Since it was put into operation, Zhongjin Petrochemical has operated at a high load and has good profitability
Gelonghui, January 3, 丨 Rongsheng Petrochemical (002493.SZ) said at an investor relations event that CICC is a wholly-owned subsidiary of Rongsheng Petrochemical and the controlling shareholder of Zhejiang Yisheng New Materials, pioneered a process to produce aromatic hydrocarbons using fuel oil/naphtha as raw materials, forming 2.48 million tons/year aromatic hydrocarbon production capacity and 6 million tons/year PTA production capacity. Since it was put into operation, CICC has operated at a high load and has good profitability.
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