Yizheng Chemical Fibre

Yizheng Chemical Fibre
仪征化纤股份

Type	State-owned enterprise
Traded as	SEHK: 1033 SSE: 600871
Industry	Chemical industry
Founded	1993
Headquarters	Yizheng, Jiangsu, People's Republic of China
Area served	People's Republic of China
Key people	Chairman: Mr. Qian Hengge
Products	Chemical fibre production
Parent	Sinopec
Website	www.ycfc.com/en

Yizheng Chemical Fibre (simplified Chinese: 仪征化纤; traditional Chinese: 儀征化纖), full name "Sinopec Yizheng Chemical Fibre Company Limited" or short name "Yizheng", is the subsidiary company of Sinopec, which is engaged in sales and production of fibres and fibre materials on Mainland China. The headquarters of the company is located at Yizheng City, Jiangsu Province.

There have been hopes that Sinopec, Yizheng's parent company, will process share reform and privatize Yizheng Chemical Fibre and Sinopec Shanghai Petrochemical, but the plan has not been finalized.

Yizheng 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.

References

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