- CEO
- Feng Fu
- Full Time Employees
- 867
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- Yueyang Xingchang Building Yueyang HU China 414000
- IPO Date
- Jun 25, 1997
- Business
- Yueyang Xingchang Petro-Chemical Co., Ltd. engages in the development, production, sales, and retail of petrochemical products in China. Founded in 1990 and headquartered in Yueyang, Hunan Province, the company operates two major production bases in central China centered on Yueyang and southern China centered on Huizhou; it focuses on three core business segments including chemical new materials, energy saving and environmental protection, and clean energy. Main products comprise methyl tert-butyl ether, liquefied petroleum gas, propylene, industrial isooctane, o-cresol, isobutene, non-woven propylene, polypropylene resin powder, industrial methanol, propane, industrial hydrogen, calcined petroleum coke, special polypropylene, high-purity hydrogen, and plastic woven bags; the company also retails refined oil products.
The company maintains subsidiaries such as Hunan New Materials Chemical Co., Ltd. and Huizhou Litop New Materials Co., Ltd., supporting its integrated operations in research, engineering, production, and marketing. In 2024, Yueyang Xingchang reported revenue of CNY 3.823 billion, up 24.62% year-over-year, though net profit attributable to shareholders fell 37.55% to CNY 63.1256 million; it proposed a cash dividend of CNY 1.00 per 10 shares. Recent developments include periodic maintenance shutdowns of main production facilities across the company and its subsidiaries in April 2025 to ensure long-term safe operations after four years of continuous production, a government subsidy of CNY 12.57 million received in April 2025 equivalent to 19.91% of the latest audited net profit, a financial services deal signed in 2025, and a first-quarter 2025 net profit of CNY 13.608 million despite revenue growth of 27.85%.