HLGF(SH:600346) Ge Long Hui A P P·2025-09-03 07:41Group 1 - The core viewpoint of the report indicates that Hengli Petrochemical achieved a net profit attributable to shareholders of 3.05 billion yuan in the first half of the year, a year-on-year decrease of 24.08% [1] - In Q2, the company reported a net profit of 999 million yuan, reflecting a year-on-year decline of 46.81% and a quarter-on-quarter decline of 51.28% [1] - The company demonstrated strong operational resilience and market adaptability, achieving efficient resource utilization and maximizing value [1] Group 2 - The report highlights that international crude oil prices are expected to face significant downward pressure in the first half of 2025, with a wide fluctuation range locked between 60-82 USD per barrel [1] - The continuous decline in coal prices is beneficial for the company's cost optimization [1] - The company possesses notable advantages in policy support, process technology, and industrial synergy, which contribute to its high quality and low-cost characteristics compared to other refining companies, enhancing its market competitiveness [1] Group 3 - Based on ample cash flow and good profitability, the company has actively proposed a profit distribution plan for the first half of 2025, planning to distribute a cash dividend of 0.08 yuan per share (tax included), totaling 563 million yuan (tax included) [1] - This initiative aims to reward shareholders and further enhance market confidence [1] - The company is driven by multiple projects for future growth and maintains a "buy" rating [1]