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Returns On Capital Signal Tricky Times Ahead For Jiangsu Eastern ShenghongLtd (SZSE:000301)
CICC: Bullish on the moderate recovery of ethylene glycol in the second half of the year.
The Zhitong Finance App learned that CICC released a research report saying that looking ahead to the second half of the year, the new production capacity of ethylene glycol is limited; on the demand side, the polyester industry plans to increase production capacity by more than 8 million tons in 2024, and demand for filament in the second half of the year is stronger than in the first half of the year, and there is support on the demand side. Considering the relatively low level of ethylene glycol stocks, it is expected that glycol 2H24 may continue to recover moderately. It is recommended to focus on leading ethylene glycol companies such as Rongsheng Petrochemical (002493.SZ) and Dongfang Shenghong (000301.SZ). CICC's main views are as follows: In 2020-23, the industry is in a period of rapid expansion, and the operating rate of the industry has decreased from 20 to 20
Jiangsu Eastern ShenghongLtd (SZSE:000301) Has A Somewhat Strained Balance Sheet
Jiangsu Eastern Shenghong: 2024 Interim Performance Forecast
Express News | Jiangsu Eastern Shenghong Says It Sees H1 Net Profit Down 79.8-82.7% Y/Y
Jiangsu Eastern Shenghong (000301.SZ) covers multiple sectors in its business, including petroleum refining, new energy funds, new materials, polyester fibers, etc.
On June 18th, Glance News reported that Jiangsu Eastern Shenghong (000301.SZ) expressed on an investor platform that the company is a global leading energy and chemical enterprise with a full industry chain integration and deep layout of new energy and new materials businesses. Its business sectors cover multiple areas such as petroleum refining, new energy and new materials, polyester and chemical fiber, etc. In the future, the company will fully implement the "1+N" development strategy of a large chemical platform with diversified industry chain extensions such as new energy, new materials, electronic chemicals, biotechnology, etc., fully leveraging its scale advantages and reducing operational risks caused by industry cyclicality fluctuations. The company will accelerate the breakthrough in key core technologies to support its operation.
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