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Large private Chinese refining-and-petrochemical group (Zhejiang Petrochemical) producing fuels, PX and polyester feedstocks.
Large private Chinese refining-and-petrochemical group (Zhejiang Petrochemical) producing fuels, PX and polyester feedstocks.
Buys crude and earns the spread over what it sells refined fuels and chemicals for, with its main plant, Zhejiang Petrochemical on Zhoushan island, designed to turn a large share of each barrel into petrochemicals rather than fuel. Saudi Aramco took a minority stake in that plant in 2023 and supplies it with crude. Private founder Li Shuirong controls the group.
In one line: A Chinese Reliance Industries-style refining-to-polyester operator.
Moat: narrow (scale, cost advantage). Large, modern integrated refining-to-chemicals complex lowers unit costs versus older plants.
Headquarters: Ningbo, China · Founded: 1989 · Employees: 19,849
Size Rongsheng Petrochemical (002493.SZ) is a China Industrials company (Wholesale Distributors) with a market value of $17.9B, the 124th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.97 on 6 Nov 2026.
Performance Over six months the shares fell 14.2%, against -6.8% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 11.2% over the last twelve months (peer median +6.1%); the operating margin is 7.8% (peer median 9.8%).
Valuation It trades at 12.2× forward earnings against a peer median of 16.4× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -27 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points above its cost of capital (5.2% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥274B | CN¥285B | CN¥302B | CN¥303B | CN¥272B |
| Revenue growth | — | -6% | 0% | +11% | — |
| Gross profit | CN¥52.8B | CN¥13.0B | CN¥11.9B | CN¥13.6B | CN¥14.0B |
| EBITDA | n/a | CN¥25.5B | CN¥23.0B | CN¥23.0B | CN¥19.9B |
| Net income | CN¥7.97B | CN¥848M | CN¥724M | CN¥1.16B | CN¥3.34B |
| Free cash flow | CN¥4.14B | CN¥2.78B | CN¥2.97B | -CN¥4.54B | -CN¥9.94B |
| Capital expenditure | CN¥45.6B | CN¥42.7B | CN¥31.6B | CN¥32.6B | CN¥29.5B |
| Total debt | CN¥221B | CN¥210B | CN¥205B | CN¥205B | CN¥184B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Rongsheng Petrochemical 002493.SZ | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% |
| Hengyi Petrochemical 000703.SZ | $7.21B | -30% | +21% | 9% | 5.0× | -6.6% |
| Tongkun 601233.SS | $8.35B | -3% | +21% | 5% | 6.8× | -1.4% |
| Hengli Petrochemical 600346.SS | $17.5B | -25% | -8% | 8% | 9.2× | -8.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002493.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | +0.2% | 8th lowest of 21 |
| 6-month return | -14.2% | -6.8% | 7th lowest of 21 |
| Distance from 52-week high | -26.9% | -23.1% | 7th lowest of 21 |
| Revenue growth (TTM) | -11.2% | +6.1% | 2nd lowest of 21 |
| Operating margin | 7.8% | 9.8% | 9th lowest of 21 |
| Forward P/E | 12.2× | 16.4× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -4.4% | 9.8% | 3rd least demanding of 20 |
| Growth delivered (Del g) | +22.1% | +11.3% | 3rd highest of 20 |
| Hurdle (Req g minus delivered) | -26.5 pp | -2.4 pp | 2nd least demanding of 20 |
| ROIC minus cost of capital | +3.0 pp | +2.5 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rongsheng Petrochemical 002493.SZ | China | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% | +22.1% |
| Aluminum Corporation of China 601600.SS | China | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% | +5.3% |
| WESCO International WCC | United States | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% | +13.8% |
| Kyocera 6971.T | Japan | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% | +6.3% |
| Diploma DPLM.L | United Kingdom | $12.6B | +4% | +13% | 22% | 27.5× | 23.9% | +23.1% |
| Bunzl BNZL.L | United Kingdom | $12.0B | +22% | +2% | 7% | 15.3× | 2.3% | +3.2% |
| QXO QXO | United States | $12.0B | -38% | +408% | -1% | 29.2× | 52.0% | +178.0% |
| Rexel RXL.PA | France | $11.9B | -10% | +1% | 6% | 13.5× | 7.7% | +9.0% |
| SGH SGH.AX | Australia | $11.9B | +7% | -1% | 13% | 18.1× | 11.4% | +17.0% |
| Bollore BOL.PA | France | $11.8B | -28% | -83% | -7% | 36.9× | 37.0% | -29.4% |
| Toromont Industries TIH.TO | Canada | $10.7B | -15% | +16% | 15% | 20.2× | 7.6% | +8.4% |
| Applied Industrial Technologies AIT | United States | $10.3B | -8% | +8% | 11% | 23.0× | 8.6% | +8.9% |
| Zhejiang China Commodities City 600415.SS | China | $10.0B | -7% | +22% | 22% | 14.4× | n/a | n/a |
| Brenntag BNR.DE | Germany | $10.0B | 0% | -5% | 5% | 14.5× | 1.9% | +5.2% |
| Hotai Motor 2207.TW | Taiwan | $8.90B | +10% | +8% | 11% | 13.2× | 1.5% | +3.9% |
| Core & Main CNM | United States | $8.76B | -6% | -1% | 10% | 14.3× | 5.3% | +16.0% |
| Toyota Tsusho 8015.T | Japan | $36.8B | +2% | +25% | 5% | 13.0× | 9.8% | +12.9% |
| Addtech ADDT-B.ST | Sweden | $8.66B | -2% | +4% | 13% | 30.7× | 19.3% | +14.9% |
| Finning International FTT.TO | Canada | $8.20B | -9% | 0% | 8% | 17.5× | 10.1% | +11.3% |
| Beijer Ref BEIJ-B.ST | Sweden | $8.09B | +27% | +4% | 10% | 28.0× | 14.0% | +21.4% |
| CMOC 603993.SS | China | $41.0B | -29% | +32% | 20% | 8.7× | -5.4% | +12.8% |