Yizeng Chemical Fibre

Infobox Company
company_name = Yizeng Chemical Fibre
仪征化纤股份
company_
company_type = State-owned enterprise
genre =
foundation = 1993
founder =
location_city = flagicon|China Yizeng, Jiangsu
location_country = China
location =
origins =
key_people = Chairman: Mr. Qian Hengge
area_served = People's Republic of China
industry = Chemical industry
products = Chemical fiber production
services =
revenue =
operating_income =
net_income =
num_employees =
parent = Sinopec
divisions =
subsid =
owner =
company_slogan =
homepage = [http://www.ycfc.com/en/index.asp Yizeng Chemical Fibre]

Yizeng Chemical Fibre (hkex|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.

Links

* [http://www.ycfc.com/ Sinopec Yizeng Chemical Fibre Company Limited]
* [http://main.ednews.hk/listedco/listconews/sehk/20070917/LTN20070917004_C.pdf Sinopec Yizeng Chemical Fibre Company Limited Overseas Regulatory Announcement]