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SHE:000703

12 stories mentioning SHE:000703Updated 3d ago

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Treasury

Hengyi Petrochemical Raises Registered Capital to 4.1 Billion Yuan After Bond Conversions

Hengyi Petrochemical (SHE:000703) raised its registered capital to 4.11 billion yuan from 3.82 billion yuan following bond conversions.Between April 11 and Sept. 8, the chemical fiber manufacturer's total shares increased to 4.11 billion from 3.82 billion due to bond-to-equity conversions, according to a Thursday filing with the Shenzhen bourse.Shares of the company were down 3% in recent trade.

SHE:000703
Treasury

Hengyi Petrochemical to Redeem Convertible Bonds After Trigger

Hengyi Petrochemical (SHE:000703) will redeem its Hengyi Convertible 2 bonds at 100.25 yuan each after the conversion deadline of Sept. 8, according to a Thursday filing with the Shenzhen bourse.The redemption was triggered on August 17, after the company's share price exceeded 130% of the conversion price of 13.416 yuan for at least 15 trading days in a 30-day window.Unconverted bonds will be redeemed on Sept. 9, and delisted from the Shenzhen bourse.Shares of the chemical fiber manufacturer rose 3% in recent trade.

SHE:000703
Treasury

Hengyi Petrochemical Triggers Early Redemption of 3 Billion-Yuan Convertible Bonds

Hengyi Petrochemical (SHE:000703) triggered the early redemption of its 3 billion yuan convertible bonds.The bonds, issued in 2022, carried a 1.8% coupon rate and a conversion price of 10.32 yuan per share after adjustments, according to a Wednesday filing with the Shenzhen bourse.The company will redeem all unconverted bonds at 100.25 yuan each on Sept. 9.Shares of the chemical fiber manufacturer declined 2% in recent trade.

SHE:000703
Treasury

Hengyi Petrochemical to Exercise Early Redemption of Convertible Bonds

Hengyi Petrochemical (SHE:000703) will exercise the early redemption right on its convertible bonds carrying a coupon rate of 1.8% after its stock price triggered the conditional redemption clause.From July 28 to Aug. 17, the company's shares closed at or above 130% of the conversion price of 13.416 yuan per share for 15 trading days.The redemption price is set at 100.25 yuan per bond. Trading will cease on Sept. 4, with full redemption on Sept. 9 and delisting thereafter.Shares of the chemical fiber manufacturer rose 2% in recent trade.

SHE:000703
Asia

Hengyi Petrochemical Plans to Build PA6 Spinning Facility for 4.87 Billion Yuan

Hengyi Petrochemical (SHE:000703) plans to construct a PA6 melt direct spinning facility for 4.87 billion yuan, according to a Shenzhen bourse filing on Tuesday.The facility that will be built within the industrial parks of Guangxi New Materials and Yizhijin New Materials in China will process 400,000 tons per year.The chemical fiber manufacturer's shares fell 2% during the afternoon trade.

SHE:000703
Asia

Hengyi Petrochemical Adjusts Budget for Daily Related-Party Transactions Due to Soaring Oil Prices

Hengyi Petrochemical (SHE:000703) subsidiaries adjusted their allocation for daily related-party transactions due to increases in global oil prices, according to a Tuesday filing with the Shenzhen bourse.The company will add 5 billion yuan to its purchases of crude oil from Hong Kong Yitian and 10 million yuan to its procurement of packaging materials from Shaoxing Hengming, the filing said.Hengyi will increase sales of caprolactam to Hangzhou Yichen and Hengyi Nylon by up to 350 million yuan and 50 million yuan, respectively, and power and energy products to Shaoxing Hengming for 50 million yuan.Shares slipped 2% during afternoon trading on Tuesday.

SHE:000703
Asia

Hengyi Petrochemical's Attributable Profit Jumps 26 Times in H1

Hengyi Petrochemical's (SHE:000703) attributable profit surged 2,501%, or 26 times, to 5.90 billion yuan in the first half from 226.9 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen Stock Exchange.Earnings per share at the petrochemical producer increased to 1.59 yuan from 0.07 yuan in the prior-year period.Operating revenue grew 20% year over year to 67.3 billion yuan from about 56 billion yuan.Shares slipped 2% during afternoon trading on Tuesday.

SHE:000703
Asia

Hengyi Petrochemical Subsidiary to Invest 687 Million Yuan in Textile Recycling Facility

Hengyi Petrochemical (SHE:000703) subsidiary Haining Hengyi New Materials will construct a waste textile recycling facility in Haining, Zhejiang, China, for about 687 million yuan, according to a Tuesday filing with the Shenzhen Stock Exchange.The project will have a capacity of 300,000 tons per year of recycled textiles and 100,000 tons per year of glucose through waste textile cellulose as raw material.Shares fell 1% during afternoon trading on Tuesaday.

SHE:000703
Asia

Hengyi Petrochemical to Invest 1 Billion Yuan in Textile Recycling Project

Hengyi Petrochemical (SHE:000703) plans to invest 1 billion yuan to build a 300,000 ton per year circular new materials demonstration project in China's Hubei Province.The project will use proprietary patented technology to recycle discarded clothing and waste textiles, converting them into high-performance recycled polyester materials and specialty fibers, according to a weekend filing with the Shenzhen bourse.Construction is expected to take 18 months.

SHE:000703
Asia

Hengyi Petrochemical to Invest 26 Billion Yuan in Coal-to-Ethylene Glycol Project in Xinjiang

Hengyi Petrochemical (SHE:000703) plans to invest 25.7 billion yuan to build a 2.4 million ton per year coal-to-ethylene glycol facility in China's Xinjiang Province.The project aims to secure stable supply of ethylene glycol for downstream polyester production while reducing dependence on crude oil, according to a weekend filing with the Shenzhen bourse.Construction is expected to take three years, with production targeted for the first half of 2028.Shares of the petrochemical producer closed 1% lower Monday.

SHE:000703
Asia

Hengyi Petrochemical's Q1 Profit Skyrockets 3,774%

Hengyi Petrochemical's (SHE:000703) net profit attributable to shareholders in the first quarter skyrocketed 3,774% to 1.99 billion yuan from 51.5 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share surged 2,600% year on year to 0.54 yuan from 0.02 yuan.The petrochemical producer's operating revenue rose 10% to 29.9 billion yuan from 27.2 billion yuan in the prior year.

SHE:000703
Asia

Hengyi Petrochemical's 2025 Profit Rises 10%, Revenue Slips 10%

Hengyi Petrochemical's (SHE:000703) net profit attributable to shareholders in 2025 rose 10% to 258.3 million yuan from 233.9 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share climbed 14% year on year to 0.08 yuan from 0.07 yuan.The petrochemical producer's operating revenue slipped 9.5% to 113.5 billion yuan from 125.5 billion yuan in the previous year.

SHE:000703

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