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QIXIANG TENGDA
002408.SZ
Zibo Qixiang Tengda Chemical Co., Ltd engages in the chemical manufacturing sector in China and internationally. The company offers methyl ethyl ketone, cis-ethanol, propylene, rubber, butadiene, methyl methacrylate, butadiene latex, tert-butyl alcohol, isooctane, MTBE, propylene oxide, acrylic acid, various catalysts for petroleum and chemical industries, etc. It is also involved in the supply chain management business of chemical products; and trading of energy. The company was founded in 2002 and is headquartered in Zibo, China.
3.134 T
002408.SZMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Commodity ChemicalsIndustry
Industry Ranking119/271
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-2.68%D
    • Profit Margin-1.24%D
    • Gross Margin1.95%E
  • Growth ScoreC
    • Revenue YoY0.16%C
    • Net Profit YoY17.56%B
    • Total Assets YoY-2.63%D
    • Net Assets YoY-4.41%D
  • Cash ScoreD
    • Cash Flow Margin-8074.43%E
    • OCF YoY0.16%C
  • Operating ScoreA
    • Turnover1A
  • Debt ScoreC
    • Gearing Ratio52.85%C

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Institutional View & Shareholder

Analyst Ratings

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    News
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    QIXIANG TENGDA: Net profit loss of 169 million yuan in the third quarter, a decrease of 393.61%

    QIXIANG TENGDA announced that the revenue for the third quarter was 6.004 billion yuan, a year-on-year increase of 6.75%; the net profit loss was 169 million yuan, a decrease of 393.61%. The revenue for the first three quarters was 18.212 billion yuan, a year-on-year decrease of 0.77%; the net profit loss was 146 million yuan, a decrease of 174.19%

    Zhitong·
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    002408
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    Zhitong·
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    QIXIANG TENGDA: The holding subsidiary plans to invest 70 million yuan to build a high-performance catalytic new materials project

    QIXIANG TENGDA's subsidiary Shandong Qilu Keli Chemical Research Institute plans to invest 70 million yuan to construct an 8,000 tons/year high-performance catalytic new materials project, with funding sourced from self-raised capital, and an estimated construction period of 10 months. The main products of the project include 3,000 tons/year of copper series catalysts and 5,000 tons/year of cobalt-molybdenum series catalysts, aimed at enhancing profitability and core competitiveness to meet market demand

    Zhitong·
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    QIXIANG TENGDA: 300,000 tons/year propylene oxide unit resumes production

    QIXIANG TENGDA announced that on August 10, 2024, the company disclosed an announcement regarding the inspection and modification of certain facilities, planning to carry out technical renovations and equipment maintenance for the 300,000 tons/year propylene oxide facility and its supporting facilities. Currently, the facility has completed all maintenance and technical renovation work and is gradually resuming normal production. During this period, the company conducted maintenance and troubleshooting for the issues present in the facility and carried out technical renovations on the process flow and equipment to enhance overall operational efficiency

    Zhitong·
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    Supply contraction combined with stable demand has led to a rebound of over 30% in the prices of methyl ethyl ketone

    Due to supply contraction and stable demand, the price of methyl ethyl ketone has risen from 6,400 yuan/ton in June to 8,400 yuan/ton, an increase of over 30%. Companies in the industry, such as QIXIANG TENGDA and YUSSENGROUP, have experienced significant global supply contraction due to maintenance and shutdowns, with over 30% of domestic production capacity offline. On the demand side, the domestic market remains stable while the overseas market is growing. Both companies have stated that their methyl ethyl ketone products are "fully produced and fully sold." QIXIANG TENGDA has a capacity of 260,000 tons, while YUSSENGROUP has a capacity of 100,000 tons

    Zhitong·
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    002408
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    QIXIANG TENGDA: Net profit decreased by over 79% year-on-year

    QIXIANG TENGDA expects the net profit attributable to shareholders of the listed company in the first half of 2025 to be between 19 million yuan and 28.5 million yuan, a year-on-year decrease of 79.49% to 86.33%. The net profit after deducting non-recurring gains and losses is expected to be between 18 million yuan and 27 million yuan, a year-on-year decrease of 78.3% to 85.53%. The basic earnings per share is expected to be 0.01 yuan, compared to 0.05 yuan in the same period last year. The decline in performance is mainly affected by factors such as geopolitical conflicts, uncertainty in tariff policies, sluggish downstream demand in the domestic chemical industry, and intensified competition in the same industry. The performance data has not been audited by an accounting firm

    Zhitong·
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    002408
    +0.21%
    Zhitong·
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