Hengyi Petrochemical Co.,Ltd. Posted 924.4 Million Yuan Net Loss in 2022

Hengyi Petrochemical Co.,Ltd. (恒逸石化股份有限公司) (000703.SZ) reported a net loss of 924.4 million yuan in 2022, reversing a net profit of 3.9 billion yuan for the previous year.

Meanwhile, the company posted 152.1 billion yuan in revenue, up 17.3% year-on-year.

At the end of the reporting period, it had 112 billion yuan in total assets and 79.3 billion yuan in total liabilities, with a liability-to-asset ratio of 70.8%.