Jiangsu Eastern Shenghong (000301) Stock Price, Fundamentals & Analysis

What 000301 does

Jiangsu Eastern Shenghong (000301) is a chemicals company listed on the Shenzhen Stock Exchange. It researches, develops, produces, and sells petrochemical and new chemical materials, polyester, and chemical fibers in China and internationally. The business is organized into three segments: Chemical Fiber, Electricity and Heat, and Petrochemical. Its product range includes refined oil, ethylene, propylene, purified terephthalic acid, ethylene-vinyl acetate copolymers, ultrahigh molecular weight polyethylene, polyolefin elastomers, pre-oriented yarn, and draw textured yarn, among others. The company also refines petroleum, manages energy sales, supplies power and heat, and provides technology development and IT services. Founded in 1998 and headquartered in Suzhou, China, it employs 27,878 people.

Key numbers explained

• The current price is 13.36 CNY, down 2.7% today, with a 52-week range of 9 – 15.08 CNY.
• The trailing P/E ratio of 22.3 shows the price investors pay per unit of the last twelve months' earnings; the forward P/E ratio on expected earnings is also 22.3.
• Earnings per share (trailing 12 months) is 0.6 CNY, meaning the company earned that much per share over the past year.
• The dividend yield is 0% because the ex-dividend date was Jun 7, 2024 and 0% of earnings are paid out as dividends.
• Beta of 0.93 suggests the stock's price tends to move slightly less than the overall market.
• Revenue (trailing 12 months) is 134.6 mld. CNY, growing 23.8% year over year, while the profit margin is 3.2% and the operating margin is 13.3%.
• The debt-to-equity ratio of 341% indicates the company carries a high level of debt relative to shareholder equity.
• Price-to-book of 2.28 means the market values the company at more than double its book value.

What to watch

Jiangsu Eastern Shenghong operates in the Basic Materials sector, where prices for commodities like ethylene and propylene can be volatile and are tied to global economic cycles. The company's significant debt load, reflected in a 341% debt-to-equity ratio, is a factor that can amplify risk during periods of rising interest rates or slowing demand. Its position in the chemicals industry also means it is exposed to regulatory changes related to environmental and safety standards. Investors tracking the Shenzhen Stock Exchange may compare it with peers such as Tianqi Lithium Industries (002466), Ganfeng Lithium (002460), Rongsheng Petro Chemical (002493), Beijing Oriental Yuhong Waterproof Technology (002271), CNGR Advanced Material (300919), and LB Group (002601). For broader context, it is part of the Shenzhen Stock Exchange stocks directory.