Hengyi Petrochemical Co.,Ltd.’s Net Profit Dropped 96.9% in First Half of 2023

Hengyi Petrochemical Co.,Ltd. (恒逸石化股份有限公司) (000703.SZ) reported a net profit of 81.9 million yuan in the first half of 2023, down 96.9% year-on-year.

Meanwhile, the company posted 64.3 billion yuan in revenue, down 19.4% year-on-year.

At the end of the reporting period, it had 113.3 billion yuan in total assets and 81.3 billion yuan in total liabilities, with a liability-to-asset ratio of 71.8%.