Hengyi Petrochemical Co., Ltd. Class ASZSE: 000703

Hengyi Petrochemical: Net profit jumped 465.6% year-over-year to ¥430 million on stable revenue and improved margins

· Issued by Hengyi Petrochemical Co., Ltd. Class A

Revenue rose 0.7% to ¥64.76 billion and net profit surged 465.6% to ¥430 million year-over-year, driven by improved product mix, cost control, and Brunei refinery operations. The company maintained a high asset-liability ratio and continued major investments in new projects.

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