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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) has provided an announcement.
China Sanjiang Fine Chemicals Co., Ltd. has announced a clarification and supplemental update regarding its Energy Management Agreement with Haoxing Energy Conservation. This agreement involves the modification of drive motors and cooling equipment at Sanjiang’s EO/EG production facilities to enhance energy efficiency and output. The collaboration is expected to reduce electricity costs for Sanjiang Chemical, with payments to Haoxing based on energy savings achieved. This initiative underscores Sanjiang’s strategic focus on operational efficiency and cost reduction, potentially strengthening its market position and benefiting stakeholders through improved profitability.
The most recent analyst rating on (HK:2198) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Sanjiang Fine Chemicals Co., Ltd. stock, see the HK:2198 Stock Forecast page.
More about China Sanjiang Fine Chemicals Co., Ltd.
China Sanjiang Fine Chemicals Co., Ltd. operates in the chemical industry, focusing on the production of ethylene oxide and ethylene glycol (EO/EG). The company is known for its large-scale production facilities and commitment to energy efficiency.
Average Trading Volume: 561,234
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.35B
See more data about 2198 stock on TipRanks’ Stock Analysis page.