Two &#34;super retail investors&#34; appear, with combined holdings exceeding 2.4 billion yuan.
STL's periodic reports show that as of the end of the first quarter this year, &#34;super retail investors&#34; Luo Zhanghua and Hong Tao both ranked among the company's top ten shareholders, with combined market value of holdings exceeding 2.4 billion yuan. From the stock price trend, STL has risen more than 80% over the past four months, and its latest market capitalization has broken through the trillion-yuan level.
<h2>Two &#34;Super Retail Investors&#34; Appear</h2>
STL's periodic reports indicate that as of the end of the first quarter this year, &#34;super retail investor&#34; Luo Zhanghua became a new entrant into the top ten tradable shareholders, holding 44.7364 million shares with a market value of 1.236 billion yuan; another &#34;super retail investor,&#34; Hong Tao, holds 43 million shares with a market value of 1.188 billion yuan.
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The periodic report also shows that Luo Zhanghua holds 33.6416 million shares through ordinary securities accounts and 11.0948 million shares through customer credit transaction collateralized securities accounts. Hong Tao holds 43 million shares through customer credit transaction collateralized securities accounts.
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Compared to Luo Zhanghua's new purchase, Hong Tao has heavily invested in STL for many years. In the first quarter of 2021, Hong Tao appeared in the top ten tradable shareholders of STL, and since then has added to his position multiple times, holding 43 million shares as of the end of the first quarter this year.
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<h2>Long-term Focus on Chemical Stocks</h2>
Based on Hong Tao's past holdings, he shows a preference for chemicals, new materials, and high-end manufacturing sectors. In mid-2024, he appeared in the top ten shareholders lists of companies such as Taihua New Materials and Chenhua Shares. In 2025, Hong Tao also appeared in the top ten shareholders lists of companies like Feida Environmental Protection.
As of the end of 2025, Hong Tao newly entered the top ten shareholders of Longci Technology, holding 800,000 shares with a market value of 52.46 million yuan.
Luo Zhanghua's past holdings are similar to Hong Tao's, showing a strong preference for the new materials sector. According to listed company periodic reports, Luo Zhanghua previously appeared in the top ten shareholders of companies such as Xingye Yinxin and Jilin Carbon Valley.
For example, as of the end of the third quarter of 2025, Luo Zhanghua held 23.26 million shares of Xingye Yinxin, with a market value reaching 765 million yuan. Looking at the past performance of Xingye Yinxin, since the end of the second quarter of 2025, it has experienced a strong surge.
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A private fund manager in Shanghai stated, &#34;Everyone has different personality traits; some excel in technology stocks, others in cyclical stocks. From many investment experts I know, those 'superstars' who have earned substantial profits from the market are almost always those who found an investment approach suitable for themselves and perfected it to the extreme.&#34;
&#34;They typically only earn money within their circle of competence, not trying to profit from everything. After grasping several major opportunities consecutively, their wealth experiences exponential growth,&#34; said the aforementioned fund manager.
<h2>What Opportunities Exist in the Chemical Sector?</h2>
From STL's performance, according to periodic reports, the company achieved operating revenue of 12.677 billion yuan in the first quarter of 2026, up 2.8% year-on-year and 12.2% quarter-on-quarter; net profit attributable to parents was 2.117 billion yuan, up 35.0% year-on-year and 36.1% quarter-on-quarter.
Looking at 2025 full-year results, total revenue reached 46.068 billion yuan, up 0.92% year-on-year; net profit attributable to parents was 5.311 billion yuan, down 12.54% year-on-year. However, from the perspective of non-recurring net profit attributable to parents, 2025 stood at 6.292 billion yuan, up 4.02% year-on-year.
China International Capital Corporation (CICC) research reports suggest that high oil prices have driven earnings release, leading to significant growth in STL's profitability and cash flow. In the first quarter of 2026, rising oil prices pushed up olefin prices, while the company's ethane costs remained low, widening the spread and driving profits upward. It is expected that March's high oil prices contributed significantly to profits. Going forward, if oil prices rise by $10 per barrel, the ethane cracking spread could widen by 400–500 yuan per ton, giving the company considerable profit elasticity.
From STL's stock price trend, since mid-December 2025, as of April 14, the stock has risen more than 80%. Since April this year alone, the stock has gained over 8%. The company's latest market capitalization stands at 101 billion yuan.
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According to STL's quarterly report, in the first quarter this year, the Basic Pension Insurance Fund No. 808 increased its holdings in STL by 6.9868 million shares, while the National Social Security Fund No. 101 increased holdings by 3.0505 million shares. Yangguang Heyuan Private Securities Investment Fund newly entered STL's top ten tradable shareholders.
Speaking on views regarding the chemical sector, Penghua Fund Manager Yan Dong stated, &#34;Since 2022, EU chemical capacity utilization rates have remained persistently low. Recently, geopolitical conflicts in the Middle East have further exacerbated uncertainty in European energy supply, prompting some international giants to declare force majeure, accelerating the global reallocation of high-energy-consuming chemical capacity. China has a solid foundation in coal and new energy supply, with the chemical industry possessing strong global whole-industry-chain supporting capabilities and cost control advantages. Under the current landscape, chemical products with high production capacity share in Europe have export volumes and prices with upward elasticity, opening growth space for domestic related advantageous enterprises.&#34;
&#34;This energy crisis may have profound and irreversible impacts on the global chemical landscape. Regions highly dependent on Middle Eastern oil and gas, such as Europe, Japan, and South Korea, face immense cost pressures. Taking Europe as an example, soaring energy costs combined with strict carbon taxes are causing rapid closures of chemical capacity (such as polyurethanes). With complete industrial chains, stable energy costs, and economies of scale, Chinese chemical leaders are entering a golden window period to accelerate their capture of global market share,&#34; said Sun Huicheng, Fund Manager at CITIC Prudential.
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Two well-known investors, Luo Zhanghua and Hong Tao, hold positions in STL worth over 2.4 billion yuan, with holdings of 44.7364 million shares and 43 million shares respectively. STL's market cap has surged over 80% in the past four months, now breaking through the trillion-yuan mark. Luo is a new shareholder, while Hong has held the stock for years and favors the chemical and new materials sectors

Two Super 'Retail Investors' Gather at a Trillion-Yuan Market Cap Leader