恒逸石化2025半年报：积极分红回购增持，科技引领稳健增长

Core Viewpoint - Hengyi Petrochemical reported a revenue of 55.96 billion yuan and a net profit of 227 million yuan for the first half of 2025, while actively enhancing shareholder returns through dividends, share buybacks, and major shareholder purchases [1][2][3] Group 1: Financial Performance - The company achieved a revenue of 55.96 billion yuan and a net profit of 227 million yuan in the first half of 2025 [1] - A total cash dividend of 165 million yuan was distributed, representing 70.54% of the net profit attributable to shareholders for 2024 [2] - Cumulative cash dividends since the company's listing have reached 5.6 billion yuan [2] Group 2: Shareholder Returns - The company has implemented a fifth share buyback plan, having repurchased 29,240,840 shares, which is 0.81% of the total share capital [2] - The second phase of share buyback has been completed, with 63,703,752 shares canceled, accounting for 1.74% of the total share capital before cancellation [2] - The controlling shareholder increased their stake by purchasing 65.9973 million shares for 394 million yuan between January 24 and June 23, 2025 [3] Group 3: Operational Strategy - Hengyi Petrochemical has established a refining capacity of 8 million tons per year and various other capacities in the petrochemical sector, focusing on vertical integration from crude oil processing to chemical fiber products [4] - The company is optimizing its product structure, with differentiated fiber production accounting for 27% of total output, leading the industry [4] - The Brunei refining project is operating at full capacity, with an optimized product mix [4] Group 4: Research and Development - The company increased its R&D investment to 460 million yuan, a year-on-year growth of 23.97%, and submitted 300 invention patent applications [5] - A total of 566 patents have been effectively authorized, including 500 R&D patents and 66 smart manufacturing patents [5] - The company is enhancing digital management across the polyester product lifecycle through the "Hengyi Brain" data platform, leading to a 25% reduction in workforce in the polyester sector over three years [5]