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Zibo Qixiang Tengda Chemical Co Ltd

Zibo Qixiang Tengda Chemical Co., Ltd researches, develops, manufactures, and sells high-value fine chemicals in China and internationally. Its products include methyl ethyl ketone, maleic anhydride, propylene, rubber, butadiene, methyl methacrylate, nitrile latex, tert-butanol, MTBE, propylene oxide, acrylic acid, and various petroleum and chemical catalysts. The company also trades chemical products and operates a supply chain management business. Founded in 2002 and headquartered in Zibo, China, it operates as a subsidiary of Shandong Energy Group New Material Co., Ltd.

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002408.CS

Qixiang Tengda Changes Leadership as Sun Qingtao Takes Over as Chairman

Qixiang Tengda announced on September 29 that its board of directors had received a written resignation report from Li Qingwen, who stepped down from all positions including chairman, director, chairman of the board's strategy committee, and member of the nomination committee due to work adjustments. After his departure, he will no longer hold any position in the company. On the same day, the company held the fourth meeting of the seventh board of directors and elected Sun Qingtao as chairman, with a term lasting until the end of the current board's tenure. According to his resume, Sun Qingtao holds a master's degree in engineering and is a senior engineer at the professor level. He has many years of experience in coal chemical and chemical project management, and has held core management positions at multiple chemical enterprises under the Yankuang system. His experience covers the construction of large chemical projects, production operations, and corporate management. Before becoming chairman, Sun Qingtao served for a long time as the party secretary and general manager of Qixiang Tengda.
002408.CS · · Neutral Chairman Li Qingwen resigns and Sun Qingtao, previously party secretary and general manager, is elected chairman; a leadership change with no stated operational or financial driver.
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002408.CS▲2

Qixiang Tengda's 2026 interim net profit reaches 116 million yuan, up 402.83% year on year

Qixiang Tengda released its 2026 interim report, with net profit attributable to the parent company of 116 million yuan, up 402.83% from the same period last year. Total operating revenue was 15.63 billion yuan, up 28.03% year on year. Net cash inflow from operating activities was 843 million yuan, up 0.30% year on year. The company's latest asset-liability ratio was 52.35%, gross margin was 5.71%, return on equity was 1.04%, and diluted earnings per share was 0.04 yuan.
002408.CS · Capital · Positive Net profit up 402.83% year on year in interim report
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Critical Materials & Supply Chain▲5

Qixiang Tengda: First-Half Net Profit Expected to Rise 375%-424% Year-on-Year

Qixiang Tengda issued a performance forecast, estimating net profit attributable to shareholders of the listed company for the first half of 2026 at 110 million to 121 million yuan, representing a year-on-year increase of 374.64% to 423.88%. The sharp rise in performance is mainly due to the cyclical bottoming and recovery of the chemical industry, fluctuations in international energy prices driving up prices of major products, and significant results in overseas market expansion, with overseas trade business revenue growing by more than 50% year-on-year. In addition, the company's existing optimization projects have been put into production one after another, including an 8,000-ton-per-year high-performance catalytic new material project, further contributing to profitability. The company's net profit for the second quarter is estimated at 202 million to 213 million yuan, turning from a loss to a profit on a quarter-on-quarter basis.
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Critical Materials & Supply Chain › Specialty Chemicals & Industrial Gases ▲Pricing
002408.CS · Demand · Positive Overseas market expansion drove trade revenue growth >50%, and product prices rose due to energy price fluctuations.
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