Hengyi Petrochemical Co.,Ltd.’s Net Profit Dropped 84.5% in First Quarter of 2023

Hengyi Petrochemical Co.,Ltd. (恒逸石化股份有限公司) (000703.SZ) reported a net profit of 167.1 million yuan in the first quarter of 2023, down 84.5% year-on-year.

Meanwhile, the company posted 28.4 billion yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 107.2 billion yuan in total assets and 75.7 billion yuan in total liabilities, with a liability-to-asset ratio of 70.6%.