After investing 11 billion dollars in Hengli Petrochemical, Saudi Aramco once again takes out “Chinese assets”

Saudi Aramco has successively invested in companies such as Rongsheng Petrochemical and Oriental Shenghong.

lanjinger.com18:00

Hengli Petrochemical (600346): Significant increase in 24Q1, the controlling shareholder signed a “Memorandum of Understanding” with Saudi Aramco

Incident 1: The company publishes its report for the first quarter of 2024. 2024Q1, the company achieved revenue of 58.4 billion yuan in a single quarter, +4% year-on-year and -5% month-on-month; realized net profit of 2.1 billion yuan, +110% year-on-year, month-on-month

光大證券15:41

Express News | Saudi Aramco negotiates to buy 10% of Hengli Petrochemical's shares

Breakings12:31

Hengli Petrochemical (600346): Improved refining and chemical conditions led to improved 24Q1 performance, and cooperation with Saudi Aramco can be expected

Investment highlights: Company announcement: In the first quarter of 2024, the company achieved operating income of about 58.4 billion yuan, an increase of about 4% over the previous year; net profit to mother was about 2.1 billion yuan, an increase of about 110% over the previous year; net profit after deducting non-return to mother was about 1.8 billion yuan, compared to the same period last year

申萬宏源研究10:31

Express News | 660 A-share companies have disclosed quarterly reports, and 177 companies' net profit increased by more than 50%

Breakings08:16

Dongwu Securities released a research report on April 22 stating that it gave Hengli Petrochemical (600346.SH) a purchase rating. The main reasons for the rating include: 1) sales of main products are steady, and coal costs have declined overall; 2) crude

Dongwu Securities released a research report on April 22 stating that it gave Hengli Petrochemical (600346.SH) a purchase rating. The main reasons for the rating include: 1) sales of main products are steady, and coal costs have declined overall; 2) crude oil prices have stopped falling and rebounded, and chemical price spreads have improved month-on-month; 3) domestic refineries have entered the peak maintenance season, and chemical profits are expected to increase marginally; 4) projects under construction are being put into operation one after another, and the company is expected to shift from high expenses to high dividends. (Mainichi Keizai Shimbun)

Zhitong Finance05:11