Yizeng Chemical Fibre
From Wikipedia, the free encyclopedia
| Yizeng Chemical Fibre 仪征化纤股份 |
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| Type | State-owned enterprise |
| Founded | 1993 |
| Headquarters |  Yizeng, Jiangsu, China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Qian Hengge |
| Industry | Chemical industry |
| Products | Chemical fiber production |
| Parent | Sinopec |
| Website | Yizeng Chemical Fibre |
Yizeng Chemical Fibre (SEHK: 1033),(SSE: 600871) (Traditional Chinese:儀征化纖, Simplified Chinese:仪征化纤), full name "Sinopec Yizeng Chemical Fibre Company Limited" or short name "Yizeng", is the subsidiary company of Sinopec, which is engaged in sales and production of fibers and fiber materials in Mainland China. The headquarter of the company is located at Yizeng City, Jiangsu Province.
There have been hopes that Sinopec, Yizeng's parent company, will process share reform and privatize Yizeng Chemical Fibre and Sinopec Shanghai Petrochemical, but the plan does not finalize until this moment.
Yizeng has both A share and H share listed in Shanghai Stock Exchange and Hong Kong Stock Exchange respectively, with the greatest difference between A and H share prices currently. It also has the largest historial P/E ratio among all H shares, currently more than 200 times.
