600346 Hengli Petrochemical
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Hengli Petrochemical News
Hengli Petrochemical (600346) In-depth Report: First-mover advantage and long-term layout lead the new growth of new materials
Key investment points: A pioneer in private refining and chemical industry, improving quality and efficiency, and valuing returns. In 2019, Hengli Refining and Chemical was put into operation, leading a new start in the domestic private refining and chemical layout. Since then, the company has relied on a unique large-scale chemical platform with deep integration of “oil, coal, and chemicals” to complete the transition from new polyester materials
Express News | The latest 10 billion private equity positions revealed! Deng Xiaofeng and Feng Liu move frequently
Prices are rising one after another! Chemical product prices are at the bottom or have experienced excessive price growth in these segments
① Recently, the chemical sector is gaining popularity, and related individual stocks have risen on a large scale. ② China's chemical product price index hit the bottom of the current round at 4,543 points on January 11. ③ CITIC Securities has summarized the types of chemicals that have achieved excessive increases in price compared to costs since 2024Q1, including refrigerants, TMA, viscose filaments, nitrochlorobenzene, maltol, vitamins, MMA, etc.
Hengli Petrochemical (600346): Profit increased month-on-month, joining hands with Aramco and the US to deepen cooperation in the field of petrochemistry
Incident description Incident 1: On the evening of April 22, Hengli Petrochemical released its 2024 quarterly report, achieving operating income of 58.390 billion yuan, a year-on-year increase of 4.02% and a decrease of 5.34% month-on-month; achieving net profit of 21.3
Huaan Securities released a research report on April 26 stating that it gave Hengli Petrochemical (600346.SH) a purchase rating. The main reasons for the rating include: 1) demand rebounded due to pressure on the cost side; profit indicators for the first
Huaan Securities released a research report on April 26 stating that it gave Hengli Petrochemical (600346.SH) a purchase rating. The main reasons for the rating include: 1) demand rebounded due to pressure on the cost side; profit indicators for the first quarter all rebounded sharply year on month; 2) taking advantage of platform-based cost advantages, new materials projects fully blossomed; 3) joining hands with Saudi Aramco to deepen cooperation and open up room for imagination; 4) focusing on shareholder returns, and the dividend ratio reached 56%. (Mainichi Keizai Shimbun)
Guohai Securities released a research report on April 24 stating that it gave Hengli Petrochemical (600346.SH) a purchase rating. The main reasons for the rating include: 1) significant improvement in business in 2024Q1 and the signing of a memorandum of
Guohai Securities released a research report on April 24 stating that it gave Hengli Petrochemical (600346.SH) a purchase rating. The main reasons for the rating include: 1) significant improvement in business in 2024Q1 and the signing of a memorandum of understanding with Saudi Aramco; 2) operating data by product; and 3) price differences of major products. (Mainichi Keizai Shimbun)
Hengli Petrochemical (600346): Significant profit improvement and dividend ratio increase, plans to cooperate strategically with Saudi Aramco
Key investment points: Profit improvement, dividend ratio increase. In 2023, the company's revenue was 234.791 billion yuan, +5.61% year on year; net profit to mother was 6.905 billion yuan, +197.83% year on year; net operating activity
Hengli Petrochemical (600346): Significant improvement in performance, prominent dividend rate under high dividend ratio
Incident description The company released its report for the first quarter of 2024. In the first quarter of 2024, it achieved operating income of 58.39 billion yuan, an increase of 4.00% over the previous year; net profit to mother was 2.119 billion yuan, an increase of 109.8 billion yuan over the previous year
Aramco Inks MOU for Potential Acquisition of 10% of Hengli Petrochemical
Saudi Arabian Oil, also known as Aramco, is in talks with Chinese chemical manufacturer Hengli Group for a potential acquisition of 10% of subsidiary Hengli Petrochemical (SHA:600346), the Saudi-based
Express News | Saudi Aramco continues to increase China's future focus on five key areas
Hengli Petrochemical (600346): Significant operational improvements in 2024Q1 and signed a memorandum of understanding with Saudi Aramco
Event: On April 22, 2024, Hengli Petrochemical released its report for the first quarter of 2024: In the Q1 quarter of 2024, the company achieved revenue of 58.39 billion yuan, +4.0% year-on-year, and -5.3 month-on-month
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.
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
Express News | Saudi Aramco negotiates to buy 10% of Hengli Petrochemical's shares
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
Express News | 660 A-share companies have disclosed quarterly reports, and 177 companies' net profit increased by more than 50%
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)
Hengli Petrochemical (600346) Company Information Update Report: Q1 performance increased month-on-month, optimistic about the profit flexibility and long-term growth of leading refining and chemical companies
Net profit from 2024Q1 increased month-on-month. Maintaining a “buy” rating, the company released its 2024 quarterly report. 2024Q1 achieved revenue of 58.412 billion yuan, an increase of 4.02% year-on-year and a decrease of 5.34% month-on-month
Cinda 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) improving costs and fundamentals of supply and demand, and the company's operating
Cinda 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) improving costs and fundamentals of supply and demand, and the company's operating performance continues to grow; 2) Relying on the layout of the big chemical platform, the potential for growth in new materials performance is worth looking forward to; 3) signing a memorandum of understanding with Saudi Aramco to introduce a new chapter of cooperation. (Mainichi Keizai Shimbun)
Saudi Aramco to Buy Stake in Hengli Group Unit
By Christian Moess Laursen Saudi Aramco has signed a preliminary deal with Hengli Group to buy a 10% stake in the Chinese company's petrochemical subsidiary, adding to its presence in China as it con
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