恒力石化公告，2025年上半年营业收入1038.87亿元，同比下降7.69%。净利润30.5亿元，同比下降 24.08%。公司2025年半年度利润分配方案为：以权益分派股权登记日总股本为基数，向全体股东每股 派发现金红利0.08元（含税）。 ...

Core Viewpoint - The refining and trading sector experienced a decline of 0.39% on August 22, with Bohai Chemical leading the drop, while the Shanghai Composite Index rose by 1.45% and the Shenzhen Component Index increased by 2.07% [1]. Group 1: Market Performance - The closing price of Tongkun Co., Ltd. was 14.27, with an increase of 2.88% and a trading volume of 446,000 shares, resulting in a transaction amount of 629 million yuan [1]. - Hengli Petrochemical closed at 17.10, up by 1.73%, with a trading volume of 548,300 shares and a transaction amount of 932 million yuan [1]. - Bohai Chemical's stock price fell to 4.57, down by 3.18%, with a trading volume of 334,400 shares and a transaction amount of 154 million yuan [2]. Group 2: Capital Flow - The refining and trading sector saw a net outflow of 397 million yuan from main funds, while retail investors contributed a net inflow of 337 million yuan [2]. - Speculative funds recorded a net inflow of 59.81 million yuan into the sector [2].

人民财讯8月22日电，企查查APP显示，近日，恒力(大连)建设工程服务有限公司成立，法定代表人为熊 雪立，经营范围包含：金属表面处理及热处理加工；电子元器件与机电组件设备制造；机械电气设备制 造等。企查查股权穿透显示，该公司由恒力石化（600346）全资持股。 ...

1. Report Industry Investment Rating There is no information provided regarding the report industry investment rating. 2. Core Views of the Report - The unplanned shutdown of large - scale PTA plants has led to a significant increase in prices. The shutdown of two 2.5 - million - ton plants of Hengli will affect 5 million tons of PTA production capacity, accounting for 5.5% of the total PTA production capacity and 30% of Hengli's total PTA production capacity. This may cause a monthly loss of up to 400,000 tons, and the supply - demand situation in September will change from balance to significant de - stocking[1]. - In terms of cost, the meeting between the US and Russian presidents ended with a good negotiation atmosphere but no agreement. The geopolitical situation continues to impact crude oil prices, which are in a short - term range - bound pattern. The PX balance sheet has shifted from de - stocking to inventory accumulation, but the overall PX inventory remains low, and there is support below the PXN[2]. - The most pessimistic period for PTA demand has passed. With the increase in PTA maintenance, the supply - demand situation has improved, and the de - stocking amplitude from August to September has significantly increased. However, the supply of old goods is abundant due to the concentrated cancellation of warehouse receipts[2]. - The polyester operating rate is 89.4% (a month - on - month increase of 0.6%). The most pessimistic period of the off - season for demand has passed, and there are signs of improvement in local orders. The polyester load is expected to remain stable and continue to rise in the short term[3]. - For PF, the demand has improved slightly but is limited. The near - month 09 contract is suppressed by the logic of forced cancellation of warehouse receipts. For PR, several major manufacturers have extended their maintenance plans, and the spot processing fee for bottle chips is expected to recover and then return to range - bound fluctuations[3][4]. 3. Summary by Relevant Catalogs I. Price and Basis - The report includes figures on the TA main contract, basis, and inter - period spread trends; PX main contract trends, basis, and inter - period spread; PTA East China spot basis; and short - fiber 1.56D*38mm semi - glossy natural white basis[8][9][11]. II. Upstream Profits and Spreads - Figures cover PX processing fee PXN (PX CFR China - Naphtha CFR Japan), PTA spot processing fee, South Korean xylene isomerization profit, and South Korean STDP selective disproportionation profit[17][20]. III. International Spreads and Import - Export Profits - It includes figures on the toluene US - Asia spread (FOB US Gulf - FOB South Korea), toluene South Korean FOB - Japanese naphtha CFR, and PTA export profit[25][27]. IV. Upstream PX and PTA Start - up - Figures show the operating rates of PTA in China, South Korea, and Taiwan, as well as the operating rates of PX in China and Asia[28][31][33]. V. Social Inventory and Warehouse Receipts - The report presents figures on PTA weekly social inventory, PX monthly social inventory, PTA total warehouse receipts + forecast volume, PTA warehouse receipt inventory, PX warehouse receipt inventory, and PF warehouse receipt inventory[37][40][41]. VI. Downstream Polyester Load - It includes figures on filament sales, short - fiber sales, polyester load, direct - spinning filament load, polyester staple fiber load, polyester bottle chip load, filament factory inventory days, Jiangsu and Zhejiang loom operating rates, Jiangsu and Zhejiang texturing machine operating rates, Jiangsu and Zhejiang dyeing operating rates, and filament profits[48][50][52]. VII. Detailed PF Data - Figures cover polyester staple fiber load, polyester staple fiber factory equity inventory days, 1.4D physical inventory, 1.4D equity inventory, recycled cotton - type staple fiber load, original - recycled spread, pure polyester yarn operating rate, pure polyester yarn production profit, polyester - cotton yarn operating rate, and polyester - cotton yarn processing fee[71][78][82]. VIII. Detailed PR Fundamental Data - It includes figures on polyester bottle chip load, bottle chip factory bottle chip inventory days, bottle chip spot processing fee, bottle chip export processing fee, bottle chip export profit, East China water bottle chips - recycled 3A - grade white bottle chips spread, bottle chip next - month spread, and bottle chip next - next - month spread[87][94][96].

Company Overview - Hengli Petrochemical Co., Ltd. is located in Dalian, Liaoning Province, and was established on March 9, 1999, with its listing date on August 20, 2001 [1] - The company specializes in the research, production, and sales of polyester fibers, polyester films, and related products, as well as the production and sales of steam and electricity; it also engages in PTA production and sales, refining, and petrochemical businesses [1] - The main revenue composition includes refining products (45.77%), PTA (28.83%), polyester products (17.68%), and others (7.72%) [1] Stock Performance - As of August 22, Hengli Petrochemical's stock price increased by 2.14%, reaching 17.17 CNY per share, with a trading volume of 134 million CNY and a turnover rate of 0.11%, resulting in a total market capitalization of 120.86 billion CNY [1] - Year-to-date, the stock price has risen by 15.23%, with a 13.18% increase over the last five trading days, a 9.50% increase over the last 20 days, and a 16.17% increase over the last 60 days [1] Financial Performance - For the period ending March 31, Hengli Petrochemical reported a revenue of 57.046 billion CNY, a year-on-year decrease of 2.34%, and a net profit attributable to shareholders of 2.051 billion CNY, down 4.13% year-on-year [2] - The company has cumulatively distributed 25.573 billion CNY in dividends since its A-share listing, with 7.039 billion CNY distributed over the past three years [3] Shareholder Information - As of March 31, the number of shareholders for Hengli Petrochemical was 75,000, a decrease of 8.28% from the previous period, with an average of 93,882 circulating shares per shareholder, an increase of 9.03% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 216 million shares, a decrease of 8.8883 million shares compared to the previous period [3]

Meeting Overview - The second extraordinary general meeting of shareholders was held on August 21, 2025, at the company's location in Suzhou, Jiangsu Province [1] - The meeting was presided over by the chairman, Fan Hongwei, and utilized a combination of on-site and online voting methods [1] Attendance - All 8 current directors attended the meeting, while 2 out of 3 supervisors were present, with one supervisor absent due to work commitments [2] - The board secretary and several executives also attended the meeting [2] Resolutions Passed - The following proposals were approved during the meeting: 1. Revision of the company's articles of association and its attachments [2] 2. Compensation plan for the 10th board of directors [2] 3. Revision of the independent director working system [3] 4. Revision of the related party transaction management system [3] 5. Revision of the external guarantee management system [3] - The proposal for electing non-independent and independent director candidates was also discussed [3] Legal Verification - The meeting was witnessed by Beijing Tianyuan Law Firm, which confirmed that the meeting's procedures and voting results were in compliance with legal and regulatory requirements [3]

北京市天元律师事务所 关于恒力石化股份有限公司 召开 2025 年第二次临时股东大会的法律意见 京天股字（2025）第 527 号 致：恒力石化股份有限公司 恒力石化股份有限公司（以下简称"公司"）2025 年第二次临时股东大会（以 下简称"本次股东大会"）采取现场投票与网络投票相结合的方式召开，其中现场 会议于 2025 年 8 月 21 日在苏州市吴江区盛泽镇南麻工业区恒力路一号召开。北京 市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股 东大会现场会议，并根据《中华人民共和国公司法》、 《中华人民共和国证券法》 （以 下简称"《证券法》"）、 《上市公司股东会规则》 （以下简称"《股东会规则》"） 以及《恒力石化股份有限公司章程》（以下简称"《公司章程》"）等有关规定， 就本次股东大会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议 表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《恒力石化股份有限公司第九届董事会第 二十九次会议决议公告》、《恒力石化股份有限公司关于召开 2025 年第二次临时股 东大会的通知》（以下简称"《召开股东大会通知》 ...

恒力石化股份有限公司 证券代码：600346 证券简称：恒力石化 公告编号：2025-051 恒力石化股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 8 月 21 日 (二) 股东大会召开的地点：苏州市吴江区盛泽镇南麻工业区恒力路一号 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） 80.0115% (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会提议召开，董事长范红卫女士主持会议，采取现场 投票和网络投票相结合的表决方式。会议的召集、召开及表决均符合《公司法》 和《公司章程》等相关法律法规的规定。 恒力石化股份有限公司 (五) 公司董事、监事和董事会秘书的出席情况 刘千涵先生、张文宇先生、黄旭东先生列席会议。 二、 议案审议情况 (一) 非累积投票议案 审议结果：通过 表决情况： | 股东类型 | 同意 ...

Group 1 - Hengli Petrochemical conducted two block trades on August 21, totaling 11.89 million shares and a transaction amount of 200 million yuan, with a transaction price of 16.81 yuan [2] - In the last three months, the stock has seen a total of 22 block trades, amounting to 862 million yuan [2] - The closing price of Hengli Petrochemical on the same day was 16.81 yuan, reflecting an increase of 1.88%, with a daily turnover rate of 1.16% and a total transaction amount of 1.357 billion yuan [2] Group 2 - The net inflow of main funds for Hengli Petrochemical was 19.50 million yuan on that day, and the stock has increased by 12.37% over the past five days, with a total net inflow of 210 million yuan [2] - The latest margin financing balance for the stock is 3.565 billion yuan, which has increased by 333 million yuan over the past five days, representing a growth rate of 10.29% [2]

8月21日，恒力石化大宗交易成交1189.57万股，成交额2亿元，占当日总成交额的12.84%，成交价16.81元，较市场收盘价16.81元持平。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) | 成交金额(万元) | 成交量(*) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-21 | 恒力石化 | 600346 | 16.81 | 14293.08 | 850.27 | 华泰证券股份有限 公司上海分公司 | 广发证券股份有限 公司南京水佑岗证 | | | | | | | | | | 券营业部 | | | 2025-08-21 | 恒力石化 | 600346 | 16.81 | 5703.63 | 339.3 | 华泰证券股份有限 | 中国银河证券股份 | | | | | | | | | 公司上海分公司 | 有限公司大连人民 | | | | | | | | | | 改汇共营业机 | | ...