Hengyi Petrochemical Co.,Ltd.’s Net Profit Dropped 28.8% in First Quarter of 2022

Hengyi Petrochemical Co.,Ltd. (恒逸石化股份有限公司) (000703.SZ) reported a net profit of 1.1 billion yuan in the first quarter of 2022, down 28.8% year-on-year.

Meanwhile, the company posted 33.3 billion yuan in revenue, up 7.6% year-on-year.

At the end of the reporting period, it had 108 billion yuan in total assets and 74 billion yuan in total liabilities, with a liability-to-asset ratio of 68.5%.