Hengli Petrochemical Co.,Ltd. engages in petrochemical industry in China and internationally. The company operates through Petrochemical Business and Polyester Fiber Business segments. It offers oil refining products, chemical products, purified terephthalic acid, polyester chips, and polyester fibers; and engineering plastics, functional films, and biodegradable materials. The company also provides civilian and industrial polyester filament; and polyester filament. In addition, it engages in wholesale and retail activities; transportation industry; and industrial investment activities, as well as other financial services. Further, the company is involved in sale of petroleum, synthetic materials, rubber products, metal chains, metal materials, metal mines, textiles and raw materials, coal, and non-metallic minerals; wholesale of hardware; business management consulting; non-residential real estate leasing; domestic trade agency; and offshore trade operations. The company was formerly known as Dalian Rubber and Plastic Machinery Co., Ltd and changed its name to Hengli Petrochemical Co.,Ltd. in May 2016. The company was founded in 1999 and is based in Dalian, China.
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Hengli Petrochemical reports first-half 2026 net profit of 7.206 billion yuan
Hengli Petrochemical released its 2026 interim report, with net profit attributable to the parent company of 7.206 billion yuan. Total operating revenue was 98.258 billion yuan, down 5.47 percent from the same period last year. Net cash inflow from operating activities was 3.5 billion yuan, down 82.03 percent year on year. The company's latest asset-liability ratio was 73.11 percent, gross margin was 13.96 percent, return on equity was 10.02 percent, and diluted earnings per share was 1.02 yuan.
Multiple A-share companies released positive announcements on the evening of August 19
On the evening of August 19, several listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Advanced Micro-Fabrication Equipment plans to invest 3.5 billion yuan to build the second phase of its Lingang industrialization base, and disclosed first-half net profit of 2.825 billion yuan, up 300.22 percent year on year. Nanjing Securities' state-owned assets group will see its indirect shareholding rise from 28.83 percent to 39.11 percent. Sieyuan Information signed a high-performance computing power service sales contract worth 6.45 billion yuan, equivalent to 311.11 percent of its 2025 annual revenue. Hunan Yuneng's first-half net profit was 2.91 billion yuan, up 853.51 percent year on year; Kingsoft Office's first-half net profit was 2.518 billion yuan, up 236.94 percent; Hengli Petrochemical's first-half net profit was 7.206 billion yuan, up 136.25 percent, already surpassing its full-year 2025 level. In addition, Litong Electronics plans to raise no more than 5 billion yuan through a private placement for an intelligent computing center construction project, and Hunan Gold plans to adjust its major asset restructuring and will suspend trading starting August 20.
Hengli Petrochemical issued its third tranche of short-term financing notes for 2026 in the national interbank market on August 13, 2026. The actual total issuance amount was 1 billion yuan, with a term of 365 days and an issuance rate of 1.50 percent. The notes are abbreviated as 26 Hengli Petrochemical CP003, with code 042680288. The interest accrual date is August 14, 2026, and the redemption date is August 14, 2027. Huaxia Bank served as the lead underwriter for this tranche, with Everbright Securities, China Zheshang Bank, Industrial Bank, China Merchants Bank, China Everbright Bank, and Postal Savings Bank of China acting as joint lead underwriters.
US Treasury accuses Hengli of funding Iran via sanctioned oil
The U.S. Treasury has accused the refining business of China's Hengli Group of buying billions of dollars in Iranian petroleum, placing it at the centre of Washington's campaign against Tehran's oil exports, the Wall Street Journal reported. Hengli has denied trading with Iran, saying it complies with regulations in the markets where it operates and that its suppliers provided similar assurances. Industry analysts, shipping brokers and U.S. officials identify Hengli as a major participant in China's network of independent teapot refineries that purchase discounted sanctioned crude. China bought more than $30 billion of Iranian oil last year, absorbing nearly all Tehran's petroleum exports, according to a March report from the US-China Economic and Security Review Commission. Independent refiners can buy Iranian crude at discounts of up to 25%, boosting their margins, and unlike China's large state-owned energy companies, many teapots have limited exposure to the U.S. financial system and are less vulnerable to dollar-based sanctions. Hengli's refinery on Changxing Island is among China's five largest and generates about $30 billion in annual revenue, while the broader conglomerate operates across petrochemicals, textiles and shipbuilding. The Treasury sanctioned Hengli's refining unit in April but did not target its other businesses. Shipping data reviewed by the Journal indicated that sanctioned tankers delivered more than five million barrels of Iranian crude to Hengli from 2023 onwards. One vessel, Seeker 8, stopped transmitting its location near Hengli's port for three days in January, and when its signal resumed, a sharp change in its draft suggested it had unloaded a large cargo, analysts said. China's Commerce Ministry instructed companies in May not to comply with the U.S. blacklisting of Hengli and several other refiners. Beijing opposes unilateral U.S. sanctions and says it will protect China's energy security, while Iran's oil exports have since declined under the U.S. naval blockade, though the duration and effectiveness of those restrictions remain uncertain.
Naphtha Market to Reach USD 381.58 Billion by 2035
The global naphtha market is projected to grow from USD 235.07 billion in 2025 to USD 381.58 billion by 2035, at a compound annual growth rate of 4.96 percent. Heavy naphtha held the largest revenue share at 61.4 percent in 2025, driven by its high olefin yields in steam crackers, while petrochemicals accounted for 54.7 percent of revenue due to demand for ethylene and propylene. Asia Pacific led the market in 2025, with China representing 44.3 percent of regional revenues, supported by integrated refinery-petrochemical plants from Sinopec, PetroChina, Hengli, and Rongsheng. In 2025, Sinopec started operations at a 1.4 million metric ton per year naphtha-fed steam cracker at Zhenhai Refining & Chemical, the largest single-train addition in China's history. The United States naphtha market was valued at USD 30.83 billion in 2025 and is expected to reach USD 46.87 billion by 2035, while Europe's market is forecast to grow from USD 60.45 billion to USD 98.03 billion over the same period.
15 Stocks Receive Buy Ratings from Institutions Today, Zangge Mining Has Over 80% Upside
A total of 15 stocks received buy ratings from institutions today, with Hengli Petrochemical drawing the highest attention, logging two buy rating records. Among the six rating records that provided target prices, five stocks have upside potential exceeding 10 percent. Zangge Mining has the highest upside, with Soochow Securities estimating its target price at 128 yuan, representing an 81.41 percent upside from the latest closing price. Hengli Petrochemical and Huaneng Mengdian have upside potentials of 56.25 percent and 33.72 percent, respectively. Huaneng Mengdian and JPT were covered by institutions for the first time. In terms of market performance, the rated stocks fell by an average of 2.15 percent today, with Milkground, Songfa Shares, and Huaneng Mengdian leading the gains. By sector, the basic chemicals industry was the most favored, with four stocks making the list.
Hengli Petrochemical expects first-half net profit of about 7.2 billion yuan, up 136.06% year-on-year
Hengli Petrochemical disclosed an earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be around 7.2 billion yuan, an increase of approximately 136.06% year-on-year. During the reporting period, the supply-demand structure in the petrochemical industry saw marginal optimization, with a steady recovery in prosperity. The refining, PTA, and downstream polyester new materials industrial chain operated smoothly, with production and sales flowing well, and the industry landscape continued to improve. The processing spreads for the company's main products recovered significantly compared with the same period last year, fully releasing the spread dividend between raw material costs and product prices, effectively amplifying the overall profitability advantage of the industrial chain.
Fluorochemical Industry Embraces Dual Opportunities from Supply-Demand Optimization and Tech Resonance
The fluorochemical industry is embracing dual opportunities from an improving supply-demand landscape and a resonance with technology attributes. As of 11:06 AM on July 6, 2026, the CSI Subdivision Chemical Industry Thematic Index rose 0.34 percent, with constituent stocks Huafon Chemical up 6.99 percent, Eastern Shenghong up 6.22 percent, Hengli Petrochemical up 6.18 percent, Hualu Hengsheng up 5.27 percent, and Rongsheng Petrochemical up 5.14 percent. Guosheng Securities noted that, constrained by the Montreal Protocol and the Kigali Amendment, China implements total volume controls on refrigerants. In 2026, quotas for third-generation refrigerants are locked in and the phase-out of second-generation refrigerants accelerates, leading to a continued tightening of effective supply and driving year-to-date price increases of over 30 percent for mainstream varieties such as R32 and R134a. Meanwhile, the penetration of fluorine-containing materials in the AI industry chain is accelerating. Demand for tungsten hexafluoride has doubled due to increased stacking layers in HBM and 3D NAND, PTFE benefits from high-frequency transmission demand in Nvidia's next-generation server platforms, and fluorine-containing liquid cooling materials are opening up growth opportunities as GPU power consumption exceeds the limits of air cooling. The Chemical ETF Harvest closely tracks the CSI Subdivision Chemical Industry Thematic Index, focusing on the industry's new cycle of prosperity.
Hengli Petrochemical expects first-half net profit of 7.2 billion yuan, up 136.06% year-on-year
Hengli Petrochemical issued a first-half earnings pre-increase announcement, expecting net profit of 7.2 billion yuan, a year-on-year increase of 136.06%. The stock closed today at 18.74 yuan, up 5.28%, with a daily turnover rate of 0.92% and trading volume of 1.213 billion yuan. It has fallen 0.85% over the past five days. Major funds saw a net inflow of 45.548 million yuan today, and a net inflow of 23.5059 million yuan over the past five days. The latest margin trading balance stands at 1.805 billion yuan, of which the margin financing balance is 1.801 billion yuan, up 1.48% from the previous period, with the margin financing balance rising a cumulative 1.85% over the past five days.
Hengli Petrochemical expects first-half 2026 net profit to surge over 136%
Hengli Petrochemical has disclosed its preliminary first-half 2026 earnings forecast, projecting net profit attributable to shareholders of the listed company at around 7.2 billion yuan, a year-on-year increase of approximately 136.06 percent. Net profit after deducting non-recurring items is expected to be around 5.33 billion yuan, up about 132.10 percent year-on-year. The company said the profit growth was mainly driven by improved industry supply-demand dynamics, wider product spreads, the release of advantages from its integrated full-industry-chain operations, and refined management. Hengli Petrochemical has core production capacities including 20 million tonnes per year of refining and chemical integration, 6 million tonnes per year of coal chemicals, 1.5 million tonnes per year of ethylene, and 16.6 million tonnes per year of PTA. The synergistic effect of its industrial chain continues to be unleashed, effectively boosting operating results.