Rongsheng Petrochemical Issue Today

Rongsheng petrochemical

Limited by Share Ltd today does not issue more than 56 million shares of A shares under the Internet and the issue price is 53.80 yuan / share.

Chemical fiber industry

The recovery is obvious now.

The overall profit level of 1~6 in 2010 and 2009 increased significantly compared with 2008 and 2007, reaching a higher level since 2000.

In 2009, the company's petrochemical business revenue increased by 65.95% over the 2008 year. In the first half of this year, the company realized PTA main business revenue of 3 billion 700 million yuan, an increase of 194.95% over the same period last year, and realized polyester polyester business revenue of 2 billion 480 million yuan, an increase of 21.63% over the same period. In addition, the role of the company in PTA business was pformed from a trade dealer to a producer. Moreover, due to the commissioning of the Yanda PTA project, the monthly sales of PTA exceeded 10 times the monthly sales of 2008, and PTA accounted for the proportion of the company's main business income to 59.88%.

profit

Growth point, on the other hand, the overall coordinated development of the industrial chain is also conducive to improving the company's ability of steady growth, sustained profitability and risk tolerance.

After the capital investment project was completed and put into operation, the production capacity of the subsidiary will become a single line annual production capacity of 1 million 200 thousand tons PTA, which has been put into operation in April 2009. Shengyuan chemical fiber will form an annual production capacity of 100 thousand tons of environmental health and multifunctional fiber.