Hengli Petrochemical expects nine-month net profit to more than double
China's Hengli Petrochemical expects net profit for the first three quarters to reach 10.26 billion yuan, up 104.2% year on year.
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what happened
Hengli Petrochemical Co Ltd said it expects net profit for the first three quarters to reach 10.26 billion yuan, about 1.53 billion dollars at the rate of 6.6861 yuan per dollar. That is a 104.2% increase from the same period a year earlier.
The figures come from the company's statement as reported by TradingView.
why it matters
Hengli is a large Chinese petrochemical producer, so such a profit jump matters to investors tracking refining margins and petrochemical demand in China. The effect on the broader oil market is indirect.
market impact
Китайская нефтехимия: сильный рост прибыли отражает хорошую маржу компании, сектор в фокусе
tags
instruments
sources
- Hengli Petrochemical Sees Net Profit For First Three Quarters Up 104.2% Y/Y — Reuters, 18 October 2026 at 09:41 UTC
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