Yida Co., Ltd.: Subsidiary's annual production of 200,000 tons of epoxy propylene (ethylene) derivative products project approved for record filing

NightAirdropper · 2026-02-26T06:24:07+00:00

Yida Holdings' subsidiary Taixing Yida Chemical has been approved to invest 641.99 million yuan to build a 200,000-ton epoxy propylene (ethylene) derivative project, with construction expected to begin in 2026. The company's operating income has increased in recent years, but net profit has fluctuated significantly and faces certain risks.

NightAirdropper

2026-02-26 06:24:07

Abstract generation in progress

Radar Finance | Yang Yang Text | Li Yihui Editing

On February 24, Yida Shares (300721) announced that its controlling subsidiary, Taixing Yida Chemical Co., Ltd., recently obtained the Jiangsu Province Investment Project Filing Certificate for a project named “Annual Production of 200,000 Tons of Epoxy Propane (Ethane) Derivative Products.” The total investment for this project is 641.99 million yuan, located at No. 1 Zhonggang Road, Taixing Economic Development Zone, with an expected start date in 2026. Once completed, the project will have an annual production capacity of 155,000 tons of Propylene Glycol Ether and 45,000 tons of Propylene Glycol Ester.

According to Tianyancha data, Yida Shares was established on June 20, 1996, with a registered capital of 1.64846739 billion yuan. The legal representative is Liu Zhun, and the registered address is Xishi Bridge Qiu Zhuang Village, Jiangyin City. Its main business involves the research, production, and sales of alcohol ethers and alcohol ether esters in the organic chemical industry.

Currently, the company’s chairman is Liu Zhun, the secretary is Liu Feng, with 1,009 employees, and the actual controller is Liu Zhun.

The company has stakes in 11 subsidiaries, including Taixing Wanyi New Material Technology Co., Ltd., Zhuhai Yida Chemical Co., Ltd., Jilin Yida Chemical Co., Ltd., Zhuhai Yida Warehousing Co., Ltd., and Shanghai Yisu Chemical Co., Ltd.

In terms of performance, the company’s operating revenue was 1.554 billion yuan in 2022, 1.814 billion yuan in 2023, and 1.768 billion yuan in 2024, with year-on-year growth of 7.16%, 16.72%, and -2.55%, respectively. Net profit attributable to the parent was 110 million yuan in 2022, -35.2919 million yuan in 2023, and 9.5331 million yuan in 2024, with year-on-year growth of -16.90%, -132.21%, and 127.01%. During the same period, the company’s asset-liability ratio was 54.41%, 52.52%, and 53.09%.

Regarding risks, Tianyancha information shows the company has 171 internal Tianyan risks, 25 surrounding risks, 8 historical risks, and 128 warning alert risks.

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