Hengyi Petrochemical (000703.SZ) announced first-half results, with net profit of 5.902 billion yuan to mother, an increase of 2500.73% year-on-year

According to the Zhitong Finance App, Hengyi Petrochemical (000703.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 67.309 billion yuan, an increase of 20.28% over the previous year. Achieved net profit attributable to shareholders of listed companies of 5.902 billion yuan, an increase of 2500.73% over the previous year. Achieved net profit of 5.886 billion yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 3838.89% over the previous year. Basic earnings per share were $1.75. It is proposed to distribute a cash dividend of 9 yuan (tax included) for every 10 shares to all shareholders.

As of the end of the reporting period, the company's total assets were 122,437 billion yuan, and net assets attributable to shareholders of listed companies were $30.493 billion.

During the reporting period, the Brunei refinery continued to enjoy advantages such as taxation, market-based pricing, and low shipping premiums, and fully grasped market opportunities, achieved full production and sales, and maintained a high level of profit for a single ton product over a long period of time, becoming a core factor in the company's current and future performance growth. The unique location advantages and forward-looking strategic layout advantages of the Brunei refinery became more and more prominent.

As an integrated application of self-research results, the company has an annual output of 1.2 million tons of caprolactame-polyamide integration and supporting projects (phase 1) vigorously applied advanced technology independently developed by many companies, and the whole process of the project integrates supporting production factors and energy resources, and energy consumption indicators are significantly optimized. The technical advantages, integration advantages and cost advantages of the project are significantly ahead of similar enterprises. Production and sales of the project were strong during the reporting period, becoming a new profit growth point for the company and contributing an important increase in performance growth.

During the reporting period, the PTA and downstream polyester industry chain recovered steadily, and demand for downstream products grew steadily, and under the influence of carbon peaks and carbon neutralization policies, the PTA and polyester industry added almost zero new production capacity in the future, which is expected to drive a significant recovery in the industrial chain boom in the next few years. As a leading company in PTA, polyester filaments, and polyester bottles, the company achieved significant improvement and overall profit per ton of product profit, providing long-term support for the company's medium- to long-term performance growth.