Hengli Petrochemical forecasts 24% profit decline for H1

Hengli Petrochemical expects net profit attributable to shareholders for the first half of 2025 to be approximately 3.05 billion yuan, down 968 million yuan or 24.09% year-on-year.

After deducting non-recurring items, net profit is projected at 2.296 billion yuan, a decline of 35.18%.

The company attributed the decline to a weaker domestic petrochemical market, particularly in aromatics and oil products, and planned ethylene plant maintenance in Q2 that impacted production volume and costs.