Hengli Petrochemical Co.,Ltd.’s Net Profit Dropped 62% in First Half of 2023

Hengli Petrochemical Co.,Ltd. (恒力石化股份有限公司) (600346.SH) reported a net profit of 3 billion yuan in the first half of 2023, down 62% year-on-year.

Meanwhile, the company posted 109.4 billion yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 254.9 billion yuan in total assets and 198.8 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.