Hengli Petrochemical reports strong Q3 profit growth, issues innovation bonds

Hengli Petrochemical Co., Ltd. reported a substantial increase in its Q3 2025 net profit attributable to shareholders, rising by 81.47% to RMB 197,242.10. Total profit for the quarter surged by 87.26% to RMB 265,066.27. For the first nine months of 2025, total profit increased by 0.59% to RMB 666,745.37, despite a slight decrease in revenue. This growth is attributed to improved gross profit margins due to stable price trends for its main products compared to the previous year.

The company's board also approved the application for unified registration and issuance of non-financial enterprise debt financing instruments (DFI) to diversify financing channels and reduce costs. A total of RMB 600 million in 2025 Third Phase Technology Innovation Bonds (25 Hengli Petrochemical CP003) were successfully issued on October 24, 2025, with an interest rate of 1.79% and a 365-day term. The company also announced its Fourth Extraordinary General Meeting for 2025, scheduled for November 12, 2025, to discuss the DFI issuance.

In terms of operations for the first nine months of 2025, refining and chemical products generated RMB 7,457,016.74 in revenue, PTA products RMB 4,548,488.51, and new materials RMB 2,975,891.12. Average selling prices for these products saw declines ranging from -9.34% to -17.79% compared to the same period in 2024, while raw material prices also decreased.