002428股票（002428 Stock Analysis Exploring the Future Potential of Jinglong Industry and Commerce

002428 Stock Analysis: Exploring the Future Potential of Jinglong Industry and Commerce Group Co., Ltd.

Introduction:

Jinglong Industry and Commerce Group Co., Ltd. (002428.SZ), commonly known as Jinglong Group, is a Chinese company that primarily engages in the manufacture and sale of polyester fibers and petrochemicals. With a history of over 20 years, the company has now become one of the leading players in China's chemical industry. In this article, we will take a closer look at the company's financial performance, business operations, and future growth potential.

Financial Performance:

Jinglong Group's financial performance has been relatively stable over the past few years. According to the company's latest financial report, its revenue for the first half of 2021 reached 7.52 billion yuan, a year-on-year increase of 10.9%. Meanwhile, its net profit attributable to shareholders was 508 million yuan, representing a rise of 38.8% compared to the same period in 2020. These figures suggest that Jinglong Group has maintained a healthy growth momentum in spite of the COVID-19 pandemic.

Business Operations:

Jinglong Group operates in two main business segments: polyester fibers and petrochemicals. Among them, polyester fibers remain its core business, accounting for more than 70% of its total revenue. The company's products are widely used in a variety of industries, including textiles, packaging, and construction. In recent years, Jinglong Group has also expanded its business into new areas such as new energy materials and biotechnology. Its subsidiary companies, such as Jinglong Biotechnology Co., Ltd. and Jinglong New Energy Materials Group Co., Ltd., have shown promising growth potential.

Future Growth Potential:

Looking ahead, Jinglong Group is expected to benefit from several favorable factors. First, the Chinese government's focus on environmental protection and energy conservation is expected to drive demand for the company's new energy materials and green chemicals. Second, as the global economy recovers from the pandemic, the demand for polyester fibers is expected to rebound, which will contribute to Jinglong Group's growth. Third, the company's strategic M&A activities are likely to strengthen its overall competitiveness and market position. In addition, Jinglong Group has actively promoted international cooperation and explored overseas markets, which may drive its international expansion in the future.

Conclusion:

Overall, Jinglong Group has demonstrated solid financial performance and diversified business operations. With its strategic transformation towards new energy and green chemicals, the company is well-positioned to capitalize on the trends of global economic recovery and environmental protection. Although there are still challenges and uncertainties ahead, we believe that Jinglong Group has a promising future ahead of it.