HLGF(SH:600346) Zheng Quan Zhi Xing·2025-08-15 09:17Overview - Hengli Petrochemical Co., Ltd. announced the absorption merger of its wholly-owned subsidiaries, Hengli Petrochemical (Dalian) Refining Co., Ltd. and Hengli Petrochemical (Dalian) Chemical Co., Ltd. to optimize management structure and improve operational efficiency [1][2] Merger Details - The merger will see Hengli Refining absorb Hengli Chemical, with Hengli Chemical being legally dissolved post-merger [1][3] - The merger does not constitute a related party transaction or a major asset restructuring as per relevant regulations, and does not require shareholder approval [2] Financial Information - Hengli Refining has total assets of 113.47 billion RMB, total liabilities of 80.23 billion RMB, and net assets of 33.24 billion RMB as of December 31, 2024, with a revenue of 226.97 billion RMB and a net profit of 1.98 billion RMB for the same period [2][5] - Hengli Chemical has total assets of 70.58 billion RMB, total liabilities of 60.49 billion RMB, and net assets of 10.09 billion RMB as of December 31, 2024, with a revenue of 42.11 billion RMB and a net profit of 236.91 million RMB for the same period [5] Impact of the Merger - The merger is expected to enhance the company's management structure, improve operational efficiency, optimize resource allocation, and reduce management costs, thereby promoting quality and efficiency improvements [1][6]