Hengyi Petrochemical Co., Ltd. Class ASZSE: 000703

Hengyi Petrochemical: Revenue and net profit declined, but R&D and digital transformation advanced amid industry headwinds

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

Revenue fell 7.85% year-over-year to RMB 125.46 billion, with net profit down 46.28% to RMB 234 million. The company maintained high production capacity, advanced major projects, and increased R&D investment, while facing industry headwinds and focusing on digital and green transformation.

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