第三季度，恒力石化利润同比下降59.01%，每股收益同比下降57.89%，主要系单季度产品价差同比减少，单季度利润下降导致。 In the third quarter, hengli petrochemical's earnings per share was 0.16 yuan, a year-on-year decrease of 57.89%. In the third quarter, hengli petrochemical's profit and earnings per share both dropped by nearly 60%, mainly due to a year-on-year reduction in product price differentials for the quarter, leading to a decline in quarterly profits.
hengli petrochemical's third-quarter revenue grew slightly by 2.42%, while profits and earnings per share plummeted significantly. In the third quarter, hengli petrochemical's profits and earnings per share both fell by nearly 60%. The main reason is the year-on-year decrease in product price differentials for the quarter, leading to a decline in quarterly profits.
On Thursday, October 24th, hengli petrochemical released its third-quarter financial report:
- Third-quarter revenue: 65.225 billion yuan, a year-on-year increase of 2.42%; revenue for the first three quarters amounted to 177.764 billion yuan, a year-on-year increase of 2.69%.
- Third-quarter profit: 1.087 billion yuan, a year-on-year decrease of 59.01%; profit for the first three quarters reached 5.105 billion yuan, a year-on-year decrease of 10.45%.
- Third-quarter earnings per share: 0.16 yuan, a year-on-year decrease of 57.89%; earnings per share for the first three quarters were 0.73 yuan, a year-on-year decrease of 9.88%.
- Net income excluding non-recurring gains and losses: 1.085 billion yuan, a year-on-year decrease of 59.86%.
- Total assets as of the end of the third quarter: 272.46 billion yuan, compared to 260.599 billion yuan at the end of 2023.
In the third quarter, hengli petrochemical's profit decreased by 59.01% year-on-year, and eps decreased by 57.89% year-on-year, mainly due to the decrease in price difference of single-quarter products and the resulting decrease in quarterly profit.
Hengli petrochemical fell by 1.17% today to 14.41 yuan per share RMB. In the past year, Hengli Petrochemical has risen nearly 10%. As of the press release, Hengli Petrochemical's market cap is 102.77 billion yuan RMB.
In the first three quarters, hengli petrochemical's refining product output exceeded 17 million tons.
As a Fortune Global 500 company, Hengli Group has built a 20 million tons per year integrated refining and petrochemical project, a 17 million tons per year PTA project, a 1.5 million tons per year ethylene project, a 1.8 million tons per year ethylene glycol project, and more. The integrated refining and petrochemical project is a major private refining project listed in the State Council document, as well as a strategic project in the new round of revitalization of northeast China. It has set a record in the global petrochemical industry for the fastest engineering and construction speed, full-process start-up speed, and reaching production speed, becoming a benchmark for the high-quality development of the industry.
In the first three quarters, Hengli Petrochemical produced 17.3354 million tons of refining products, sold 14.4011 million tons, and generated revenues of 79.346 billion yuan RMB; produced 12.4449 million tons of PTA, sold 10.6929 million tons, and generated revenues of 55.165 billion yuan RMB; produced 4.5394 million tons of new materials products, sold 3.8584 million tons, and generated revenues of 31.403 billion yuan RMB.
In the first three quarters, the average selling price of hengli petrochemical refining products was 5509.68 yuan per ton, a decrease of 1.69% year-on-year; the average selling price of PTA was 5159.03 yuan per ton, an increase of 1.49% year-on-year; the average selling price of new materials products was 8138.92 yuan per ton, a decrease of 3.60% year-on-year.
