Hengli announces performance projection for H1 2021

Hengli Petrochemical announced its performance projection for the first half of 2021 on Jun 30: the net profit belonging to shareholders of listed company was expected to be 8.5 billion yuan, an increase of 2.983 billion yuan or 54.07% compared with the same period last year. The net profits of listed companies in the first and second quarters of this year were at 4.111 billion yuan and 4.389 billion yuan respectively, showing a quarter-on-quarter improvement and a substantial increase over the same period last year. The profit of the first half of 2021 would exceed 8 billion yuan for the first time, reaching a historic new high, exceeding market anticipation.