Stock Performance

Last week (March 19-23), the index of Shanghai Stock market and
Shenzhen Stock market both hit their own new high, with a weekly
increase of 4.91% and 5.43% respectively. Among the two markets,
there are 87 companies majoring in chemical industry and
concerned industries, 63 of them increased their stock price by
over 5%. The marketcap of Sinopec Corporation accounts for 2/3
of the total. Most of those stocks have experienced a growth of
30% since January 4, 2007, except Sinopec Corp. whose current
stock price is lower than that on January 4.
    Urban citizens forecast both the housing price and China's
economy will continue to climb, which pushes the stock up,
although the government has increased the interest rates of
saving deposit and loans Since March 19th.
    Nine chemical companies posted their 2006 fiscal results
last week, of which five companies who manufacture chemical
fertilizers posted a decreased EPS (earning per share), they are
Sichuan Lutianhua, Liaoning Huajin Tongda, Hubei Yihua Chemical,
Shandong Luxi Chemical and Hebei Cangzhou Dahua. Shanghai
Chlor-Alkali Company Ltd., the second largest chlor-alkali
manufacturer after Sinopec Qilu Branch, suffered a loss of
RMB169 million.

By Peter Zong  

SH or SZ Code    Company name    Category
Closing        Week    YTD, %     Trailing    Weekly volume   
Marketcap
price, RMB     change %    change     P.E.  change %   mn RMB
000036    China Union Holdings     FM
    7.97        4.0     69.6       996.25      -52.05      8957
000059    Liaoning Huajin Tongda    CF
    8.69        20.5     136.8      24.14       -0.18       5763
000155    Sichuan Chemical    CF
    8.38        12.5     89.6     16.79       -36.32     3939
000420    Jilin Chemical Fibre    FM
    5.42     11.5     115.9     65.62     -48.56     2050
000422    Hubei Yihua Chemical    CF
    7.81     11.7     64.4     12.69     19.83     4236
000498    Dandong Chemical Fibre    FM
    4.34     9.6     117.0     -9.43     -46.23     1693
000510    Sichuan Jinlu    BI
    6.77     9.9     163.4     51.40     -20.65     4124
000515    Chongqing Titanium     BI
    15.51     -2.1     141.6     141.00     -19.09     2904
000523    Lonkey Industrial     FS
    6.78     5.9     77.0     89.21     5.44     1170
000525    Nanjing Redsun    FS
    10.87     4.1     54.0     89.83     34.47     3046
000553    Hubei Sanonda    FS
    9.37     9.1     104.6     538.51     -28.30     2783
000554    Sinopec Taishan Petroleum    PC
    7.69     3.6     26.1     147.88     0.00     3697
000565    Sanxia Paints     FS
    9.13     18.4     117.9     1185.71     44.09     1583
000589    Gui Zhou Tyre    PR
    7.44     11.9     57.6     38.95     15.94     1892
000599    Qingdao Doublestar    PR
    4.72     10.0     86.6     34.73     -8.97     2148
000635    Ningxia Yinglite    BI
    9.14     8.7     70.2     30.77     -3.62     1256
000637    Maoming Petrochemical Shihua    PC
    13.52     13.6     24.8     -185.21     292.21     6112
000659    Zhuhai Zhongfu     FM
    6.84     10.0     116.5     68.40     -58.95     4708
000665    Wuhan Plastics     PR
    6.85     9.3     70.4     -4.45     11.07     1216
000668    Sinopec Wuhan Petroleum    PC
    15.41     15.5     48.7     81.11     48.56     2263
000677    Shandong HELON    FM
    7.13     12.3     90.6     36.30     -36.55     2933
000683    Yuan Xing Natural Alkali