岳阳兴长收盘下跌3.44%，滚动市盈率61.32倍，总市值61.30亿元

Core Viewpoint - The company, Yueyang Xingchang, is experiencing a decline in stock price and has a high rolling price-to-earnings (PE) ratio compared to the industry average, indicating potential overvaluation in the context of its financial performance [1][2]. Company Overview - Yueyang Xingchang's main business includes the development, production, and sales of petrochemical products, as well as retail of refined oil products. Key products include propylene, MTBE, liquefied petroleum gas, industrial isooctane, metallocene polypropylene, ortho-cresol, gasoline, and diesel [1]. - The company has a production capacity of 33.5 million tons per year for oil blending components, making it a leading supplier in the Central and Southern regions of China [1]. Financial Performance - For the third quarter of 2024, the company reported a revenue of 2.919 billion yuan, a year-on-year increase of 29.59%. However, net profit was 72.471 million yuan, reflecting a year-on-year decrease of 1.52%. The gross profit margin stood at 17.52% [2]. - The rolling PE ratio is 61.32, significantly higher than the industry average of 12.01 and the median of 42.57, indicating a potential overvaluation of the company's stock [2]. Institutional Holdings - As of the third quarter of 2024, five institutions hold shares in Yueyang Xingchang, all of which are funds, with a total holding of 132,000 shares valued at 2 million yuan [1].