Hengyi Petrochemical Co.,Ltd.’s Net Profit Dropped 87.3% in First Three Quarters of 2023

Hengyi Petrochemical Co.,Ltd. (恒逸石化股份有限公司) (000703.SZ) reported a net profit of 278.1 million yuan in the first three quarters of 2023, down 87.3% year-on-year.

Meanwhile, the company posted 101.5 billion yuan in revenue, down 17.7% year-on-year.

At the end of the reporting period, it had 115.6 billion yuan in total assets and 83.7 billion yuan in total liabilities, with a liability-to-asset ratio of 72.4%.