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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) has shared an announcement.
China Sanjiang Fine Chemicals Co., Ltd. reported a significant increase in its annual results for 2024, with revenue rising by 49.2% and net profit surging by 482.2%. This growth was driven by improved selling prices and sales volumes of key products like ethylene glycol and butadiene, amidst a challenging year for the oil and chemical sector in China. The company’s strategic expansion and operational ramp-up have positioned it well for recovery and growth, despite global geopolitical challenges and commodity price volatility.
More about China Sanjiang Fine Chemicals Co., Ltd.
China Sanjiang Fine Chemicals Co., Ltd. operates in the oil and chemical sector, focusing on the production of ethylene glycol, butadiene, ethylene oxide, surfactants, and polypropylene. The company has recently expanded its production capabilities with new facilities for EO/EG and Naphtha/Ethane/Propane-to-Ethylene/Propylene.
YTD Price Performance: 14.29%
Average Trading Volume: 521,408
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.25B
For detailed information about 2198 stock, go to TipRanks’ Stock Analysis page.