Apr 29, 2023 08:00 AM

Hengli Petrochemical Co.,Ltd.’s Net Profit Dropped 75.9% in First Quarter of 2023

By Caixin Automation

00:00

00:00/00:00

Listen to this article 1x

Hengli Petrochemical Co.,Ltd. (恒力石化股份有限公司) (600346.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, down 75.9% year-on-year.

Meanwhile, the company posted 56.1 billion yuan in revenue, up 5.1% year-on-year.

At the end of the reporting period, it had 238.8 billion yuan in total assets and 184.8 billion yuan in total liabilities, with a liability-to-asset ratio of 77.4%.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Huaiyang Cuisine Takes Center Stage at Trump Banquet

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

China Business Uncovered Podcast: Inside Vanke and China’s Property Reckoning

00:00

00:00/00:00

MOST POPULAR

1: Citigroup to Get License for Wholly Owned China Securities Firm as CEO Joins Trump Visit

2: In Depth: What’s at Stake for the U.S. Executives on Trump’s China Trip

3: Cover Story: Beijing Summit Signals a Reset in U.S.-China Relations

4: U.S., China Forge ‘Constructive Strategic Stability’ in Beijing Summit

5: Analysis: U.S.-China Summit Signals Shift From Pure Competition

SPONSORED

OR