Yizeng Chemical Fibre (simplified Chinese: 仪征化纤; traditional Chinese: 儀征化纖), full name "Sinopec Yizeng Chemical Fibre Company Limited" or short name "Yizeng", is the subsidiary company of Sinopec, which is engaged in sales and production of fibres and fibre materials on Mainland China. The headquarter of the company is located at Yizeng City, Jiangsu Province.
There have been hopes that Sinopec, Yizeng's parent company, will process share reform and privatize Yizeng Chemical Fibre and Sinopec Shanghai Petrochemical, but the plan does not finalize until this moment.
Yizeng has both A share and H share listed in Shanghai Stock Exchange and Hong Kong Stock Exchange respectively, with the greatest difference between A and H share prices currently. It also has the largest historical P/E ratio among all H shares, currently more than 200 times.
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