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SHE:000703

4 stories mentioning SHE:000703

Every FINWIRES story that references SHE:000703, newest first.

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