Professional
Added to YB: 2025-05-27
Pitch date: 2025-05-24
2198.HK [neutral]
China Sanjiang Fine Chemicals Company Limited
+68%
current return
Author Info
No bio for this author
Company Info
China Sanjiang Fine Chemicals Company Limited, an investment holding company, manufactures and supplies ethylene oxide and glycol, propylene, polypropylene, methyl tert-butyl ether (MTBE), surfactants, and ethanolamine in Mainland China, Japan, and Singapore, and internationally.
Market Cap
HKD 1.9B
Pitch Price
HKD 1.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.32
P/E
3.51
EV/Sales
0.61
Sector
Chemicals
Category
growth
Quercus Fund Portfolio Holding: China Sanjiang Fine Chemicals Company Limited
2198.HK (holding update): Sanjiang Fine Chemicals delivered positive 2024 results with 10.3% EBITDA margin in 2H24 despite prolonged petrochemical cycle downturn. Prioritizing deleveraging over dividends. First full year after facility ramp-up (480%+ net profit growth). Building/leasing 2 VLECs by 2027 for ethane transport, which offers 2x cost advantage vs naphtha.
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