Yizheng Chemical Fiber (), full name "Sinopec Yizheng Chemical Fiber Company Limited", abbreviated as "Yizheng", is a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

company of

Sinopec China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Gr ...

, which is engaged in

sales Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, completes a sale in r ...

and

production Production may refer to: Economics and business * Production (economics) * Production, the act of manufacturing goods * Production, in the outline of industrial organization, the act of making products (goods and services) * Production as a stati ...

fiber Fiber or fibre (from la, fibra, links=no) is a natural or artificial substance that is significantly longer than it is wide. Fibers are often used in the manufacture of other materials. The strongest engineering materials often incorporate ...

s and fiber materials on

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

. The

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

of the company is located at

Yizheng Yizheng () is a county-level city under the administration of the prefecture-level city of Yangzhou, Jiangsu province, China, with a population of about 600,000 (2007). It borders the prefecture-level divisions of Chuzhou (Anhui) to the north, Nan ...

City,

Jiangsu Jiangsu (; ; pinyin: Jiāngsū, Postal romanization, alternatively romanized as Kiangsu or Chiangsu) is an Eastern China, eastern coastal Provinces of the People's Republic of China, province of the China, People's Republic of China. It is o ...

Province. There have been hopes that Sinopec, Yizheng's

parent company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

, will process share reform and

privatize Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

Yizheng Chemical Fiber and Sinopec Shanghai Petrochemical, but the plan has not been finalized. Yizheng has both A share and

H share H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock exc ...

listed in

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...

and

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

respectively, with the greatest difference between A and H share prices currently. It also has the largest 6tr EUhistorical P/E ratio among all H shares, currently more than 200 times.

References

External links

Sinopec Yizheng Chemical Fiber Company LimitedSinopec Yizheng Chemical Fiber Company Limited Overseas Regulatory Announcement
{{authority control Companies listed on the Hong Kong Stock Exchange Companies listed on the Shanghai Stock Exchange Government-owned companies of China Companies based in Jiangsu Companies established in 1993 Chemical companies of China Petrochemical companies H shares Sinopec