Yizeng Chemical Fibre
Encyclopedia
Yizeng Chemical Fibre , 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 fibre
s and fibre materials on 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 historical P/E ratio
among all H shares, currently more than 200 times.
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
company of Sinopec
Sinopec
China Petroleum & Chemical Corporation Limited , or Sinopec Limited , is a majority owned subsidiary of state owned company Sinopec Group. Sinopec Limited is listed in Hong Kong and also trades in Shanghai and New York ....
, which is engaged in sales
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
and production
Production, costs, and pricing
The following outline is provided as an overview of and topical guide to industrial organization:Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions...
of fibre
Fiber
Fiber is a class of materials that are continuous filaments or are in discrete elongated pieces, similar to lengths of thread.They are very important in the biology of both plants and animals, for holding tissues together....
s and fibre materials on Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
. The headquarter of the company is located at Yizeng City, Jiangsu
Jiangsu
' is a province of the People's Republic of China, located along the east coast of the country. The name comes from jiang, short for the city of Jiangning , and su, for the city of Suzhou. The abbreviation for this province is "苏" , the second character of its name...
Province.
There have been hopes that Sinopec, Yizeng's parent company
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the 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
A share (mainland China)
A shares are specialized shares of the [Renmembi]]currency that are purchased and traded on the Shanghai and Shenzhen stock exchanges.This is contrast to Renmembi B shares which are owned by foreigners who cannot purchase A-shares due to Chinese government restrictions.-See also:* A share * B...
and H share
H share
H shares In mainland China, the shares are referred to as H股 H shares, whilst in Hong Kong, they are called 恒生中國企業指數, literally Hang Seng China Enterprises Index. refers to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange...
listed in Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
and Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
respectively, with the greatest difference between A and H share prices currently. It also has the largest historical P/E ratio
P/E ratio
The P/E ratio of a stock is a measure of the price paid for a share relative to the annual net income or profit earned by the firm per share...
among all H shares, currently more than 200 times.