Hengli Petrochemical (600346) disclosed its performance forecast on the evening of April 10.
The company is expected to achieve a net profit of about 2.
1 billion yuan attributable to shareholders of listed companies in the first quarter, a year-on-year increase of about 315.
02%; it is expected to achieve non-net deductions attributable to shareholders of listed companies The profit was about 2.
046 billion yuan, a year-on-year increase of about 323.
Regarding the reasons for the pre-increase in performance, Hengli Petrochemical stated that the 20 million tons/year refining and chemical integration project invested and constructed by the company will be officially put into commercial operation in the second quarter of 2019
Hengli Petrochemical said that the company's refining and chemical business segment has always maintained a high-load, high-efficiency, and smooth production and sales operation during the reporting period
It is worth noting that, based on firm confidence in future development and full recognition of the company's investment value, Hengli Petrochemical once again launched a large-scale stock repurchase plan in mid-March.
The company plans to spend 500 million to 1 billion yuan to repurchase shares.
Since the Hengli 20 million tons/year refining and chemical integration project has been fully put into production and commercial operation, Hengli Petrochemical has once again embarked on the fast track of development
At present, the world's largest 1.
5 million tons/year ethylene project invested and constructed by Hengli Petrochemical has entered the trial production stage
In addition, Hengli's 5 million tons/year PTA project, 1.
35 million tons/year multi-functional high-quality textile new material project, and 200,000 tons/year high-performance automotive industrial silk technical transformation are also rapidly advancing