TacticScaleWhat Zibo Qixiang Tengda Chemical (齐翔腾达) Does & How It Makes Money (002408.SZ)
Updated October 2026 · reflects Zibo Qixiang Tengda Chemical's latest reported financials
Chinese maker of C4-based fine chemicals like MEK and maleic anhydride. It mainly earns revenue by manufacturing and selling bulk and fine chemicals and catalysts to industrial customers.
How Zibo Qixiang Tengda Chemical makes money
It mainly earns revenue by manufacturing and selling bulk and fine chemicals and catalysts to industrial customers. Chemical trading and supply chain management services bring in additional revenue.
What Zibo Qixiang Tengda Chemical does
Zibo Qixiang Tengda Chemical, founded in 2002 and based in Zibo, Shandong, researches, develops, makes and sells chemicals in China and internationally. Its product range covers solvents and intermediates such as methyl ethyl ketone, maleic anhydride, tert-butanol and MTBE; monomers and polymers such as propylene, butadiene, methyl methacrylate, rubber and nitrile latex; and propylene oxide, acrylic acid and petroleum and chemical catalysts. In addition to manufacturing, the company trades chemical products and offers supply chain management services. It is a subsidiary of Shandong Energy Group New Material Co., Ltd, which is part of the Shandong Energy group.
Products & services
- Methyl ethyl ketone (MEK)
- Maleic anhydride
- Butadiene and synthetic rubber
- Methyl methacrylate (MMA)
- Nitrile latex
- Propylene oxide and acrylic acid
齐翔腾达是做什么的？
齐翔腾达成立于2002年，总部位于山东淄博，主要从事化工产品的研发、生产和销售，业务覆盖国内外市场。公司产品包括甲乙酮、顺酐、叔丁醇、MTBE等溶剂和中间体，丙烯、丁二烯、甲基丙烯酸甲酯、橡胶、丁腈胶乳等单体和聚合材料，以及环氧丙烷、丙烯酸和多种石油化工催化剂。 除生产业务外，公司还经营化工产品贸易和供应链管理业务。公司是山东能源集团新材料有限公司的子公司。
What is Zibo Qixiang Tengda Chemical worth?
On an owner-earnings DCF, Zibo Qixiang Tengda Chemical's most-likely value is about ¥5 versus a recent price near ¥5 (6% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥3) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Jiangsu Zhengdan Chemical Industry (300641.SZ) · Chengzhi (000990.SZ) · Jinan Shengquan Group Share Holding (605589.SS) · Shida Shinghwa Advanced Material (603026.SS) · Xinjiang Tianye (600075.SS)