Rongsheng Petrochemical Co., Ltd.

002493

CNE100000W60

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
11.15 ^CNY	+2.01%		-1.50%	+7.73%

Apr. 26	Rongsheng Petrochemical Co., Ltd. Proposes Final Cash Dividend for 2023	CI
Apr. 25	Rongsheng Petrochemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Tranche Update on Rongsheng Petrochemical Co., Ltd.'s Equity Buyback Plan announced on August 21, 2023.

October 29, 2023 at 12:00 pm EDT

From August 21, 2023 to September 30, 2023, the company has repurchased 109,214,771 shares, representing 1.11% for CNY 1,309.74 million. With this, the company has completed the repurchase of 109,214,771 shares, representing 1.11% for CNY 1,309.74 million under the buyback announced on August 21, 2023.

Latest news about Rongsheng Petrochemical Co., Ltd.

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
Rongsheng Petrochemical Starts Production at New Styrene Factory	23-09-06	MT
Rongsheng Petrochemical Sets New Quota for Refined Oil, Marine Fuel Oil	23-09-04	MT
Rongsheng Petrochemical Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-25	CI

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

2024-04-29 - Q1 2024 Earnings Release

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Ratings for Rongsheng Petrochemical Co., Ltd.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.15 CNY

Average target price

12.17 CNY

Spread / Average Target

+9.14%

Consensus

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Quarterly earnings - Rate of surprise

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RONGSHENG PETROCHEMICAL CO., LTD.	+7.73%	15.03B
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WANHUA CHEMICAL GROUP CO., LTD.	+12.91%	37.58B
LYONDELLBASELL INDUSTRIES N.V.	+7.41%	33.26B
WESTLAKE CORPORATION	+6.85%	19.22B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+12.86%	16.83B
HENGLI PETROCHEMICAL CO.,LTD.	+16.93%	14.96B
NAN YA PLASTICS CORPORATION	-16.39%	13.52B

Other Commodity Chemicals

Rongsheng Petrochemical Co., Ltd.

Equities

002493

CNE100000W60

Commodity Chemicals

Tranche Update on Rongsheng Petrochemical Co., Ltd.'s Equity Buyback Plan announced on August 21, 2023.

EPS Revisions