Bei Jing Shang Bao·2025-09-02 16:30Core Viewpoint - Hengli Group, founded by Chen Jianhua and Fan Hongwei, has developed a full industry chain from oil to fabric and ranks 3rd among China's top 500 private enterprises, with significant performance variations among its listed companies [1][2]. Group Performance - Hengli Group reported a total revenue of 871.5 billion yuan, ranking 3rd in the 2025 China Private Enterprises 500 Strong list [2]. - ST Songfa achieved a remarkable revenue of approximately 6.68 billion yuan, a year-on-year increase of 315.49%, and a net profit of about 647 million yuan, indicating a turnaround [2]. - Hengli Petrochemical's revenue was approximately 103.89 billion yuan, a decline of 7.69%, with a net profit of about 3.05 billion yuan, down 24.08% year-on-year [3]. Financial Health - ST Songfa's asset-liability ratio was notably high at 89.72%, with total borrowings of 57.45 billion yuan [4][5]. - Hengli Petrochemical's asset-liability ratio stood at 76.89%, with total borrowings of 1,468.46 billion yuan [5]. - Tongli Tourism also reported a high asset-liability ratio of 81.98% [7]. Management Changes - Following significant asset restructuring, ST Songfa's management is undergoing changes, with Chen Jianhua's son, Chen Hanlun, appointed as general manager [9]. - Chen Yiting, daughter of Chen Jianhua, has also taken on a prominent role within Hengli Group [9]. Market Performance - As of September 2, ST Songfa's stock price was 51.42 yuan per share, with a total market capitalization of 49.92 billion yuan, while Hengli Petrochemical's stock price was 17.58 yuan per share, with a market cap of 123.7 billion yuan, totaling 173.62 billion yuan for both companies [8].