Personal Analysis///////Under the background that SASAC strongly supports the overall listing of central enterprises, but the number of unreformed shares is decreasing, China Petrochemical's S-Business Petrochemical (600688) is worthy of attention, as well as the expectation of the integration of central enterprises.
The company is one of the largest comprehensive petrochemical enterprises in China, with an annual comprehensive processing capacity of 8.8 million tons of crude oil, an annual output of 900,000 tons of ethylene, 4.5 million tons of refined oil and chemicals, 950,000 tons of synthetic resin and plastic products, and 6,543,800 tons of synthetic fiber. The product chain covers all petrochemical products. During the 11th Five-Year Plan period, with the further expansion of China Petrochemical market space, the reform of refined oil pricing system will also enhance the profitability of the company. At the same time, with the completion and commissioning of the 900,000-ton ethylene project (the largest ethylene plant in China) jointly built by the company with Sinopec and BP, the company's production capacity has been greatly improved, and its performance will achieve leap-forward growth.
Especially as the core enterprise of China Petrochemical, the company is likely to enter the next round of integration process under the background that SASAC strongly supports the overall listing of central enterprises.
As one of the few rare varieties without share reform, the stock has been highly favored by many funds, QFII and other big funds. , you can focus on.