On a quarterly basis, the company's net profit for the third quarter is expected to be between 1.998 billion yuan and 2.198 billion yuan, while the net profit for the second quarter was 3.907 billion yuan. Based on this calculation, the third-quarter net profit is expected to decline 43% to 48% quarter-on-quarter.
Hengyi Petrochemical is currently up 2.88%, trading at 14.3 yuan.
The announcement stated that the performance change is mainly due to leveraging the integrated advantages of the 'refining-chemicals-fiber' full industrial chain, with Brunei refinery operating at full capacity and high profitability, caprolactam-polyamide projects experiencing strong production and sales, and year-on-year increases in per-ton profit for all products. (jq)