Zhenhai District

What the broker said...

Sinopec Zhenhai Refining, chiefly engaged in the production and sale of petrol, diesel, kerosene and other petrochemical products, has become China's largest oil refiner.

Sunday, 2 December, 2001, 12:00am

What the Broker Says...

Zhenhai Refining, in which oil giant Sinopec holds a 71.3 per cent stake, has become China's largest oil refiner. Refining throughput for last year was 10 million tonnes, a record for China.

Soaring fuel costs in the first half of last year meant the company's net profit fell 46.5 per cent against the previous corresponding period.

4 Feb 2001 - 12:00am

Zhenhai expects US$20m recovery

Zhenhai Refining & Chemical expects to fully recover its fixed deposit of US$20 million placed with China Orient Trust & Investment and will not make provisions for it.

The deposit was made in July 1997 for a one-year term, earning interest of 7.5 per cent a year.

8 Feb 1999 - 12:00am

Zhenhai Refining sets downstream expansion targets with acquisitions

Zhenhai Refining and Chemical Co, the mainland's third-largest crude-oil refinery, is considering mergers and acquisitions as a means of expanding its downstream operations to produce petrochemical products.

1 Dec 1997 - 12:00am

Zhenhai sees earnings up 7.7pc in spite of severe competition

H-share Zhenhai Refining and Chemical said attributable profit rose 7.7 per cent to 303.93 million yuan (about HK$282.35 million) in the six months to June, despite severe competition on imported refined products. The interim dividend rose to 2.5 fen from two fen, and earnings per share climbed to 13 fen from 12 fen.

23 Aug 1997 - 12:00am

Zhenhai refinery expands

H SHARE Zhenhai Refining and Chemical Co has expanded one of its processing units, increasing capacity from three million tonnes to four million a year.

After upgrading its atmospheric and vacuum distillation Unit One, the company can process low-cost Middle Eastern crude oil, which has a high sulphur content.

20 Jul 1995 - 12:00am


IN a Business Post report yesterday headlined 'Zhenhai plan for output awaits approval', it was incorrectly reported that chairman Zhang Jiaren said the firm's plan to raise output capacity to eight million tonnes a year had to be approved by the State Planning Commission.

18 Jul 1995 - 12:00am

Zhenhai expands crude oil berth

CHINA'S Zhenhai Refining and Chemical Co has completed expansion of its berth facility at Suanshan Port in Beilun harbour in Ningbo.

The company said the 250,000 deadweight tonnage (dwt) berth, which began operations earlier last week, is the largest crude oil berth in China.

12 Dec 1994 - 12:00am

Refining firm oversubscribed

ZHENHAI Refining and Chemical Co's H-share issue attracted a subscription rate of about 6.53 times.

The company offered 90.6 million H shares at $2.38 each and received applications for about 591.5 million shares. Zhenhai's shares will begin trading on December 2.

23 Nov 1994 - 12:00am

Listing hopeful a stock entity

CHINESE listing candidate Zhenhai Refining and Chemical Co said yesterday it had completed its shareholding restructuring to become a joint stock entity.

Zhenhai Refining, formerly known as Zhenhai General Chemical Works, is among the second batch of 22 state-owned enterprises slated for overseas listing.

20 Jul 1994 - 12:00am