近14亿元大宗交易背后的“心酸往事”：恒逸石化第四期员工持股计划参与者亏损惨重

Core Viewpoint - Hengyi Petrochemical's stock price fell significantly despite the announcement of a major share buyback by its controlling shareholder, raising questions about market sentiment and investor confidence [3][5]. Group 1: Share Buyback Announcement - Hengyi Petrochemical's controlling shareholder, Zhejiang Hengyi Group, announced a share buyback of approximately 1.22 billion shares for about 10 billion yuan, while its affiliate, Hangzhou Hengyi Investment, bought around 47.84 million shares for 3.94 billion yuan, totaling nearly 14 billion yuan [4][5]. - Following the announcement, Hengyi Petrochemical's stock price dropped by over 9% on the first trading day, closing down 8.02% [5]. Group 2: Employee Stock Ownership Plans - The fourth phase of Hengyi Petrochemical's employee stock ownership plan sold approximately 1.14 billion shares at a significant loss, having initially purchased them at an average price of 12.25 yuan per share [7]. - The total investment in the employee stock ownership plans was close to 20 billion yuan, while the recent sales amounted to less than 14 billion yuan, indicating substantial losses for the employees involved [7][8]. Group 3: Market Performance and Financials - Hengyi Petrochemical's stock price has been underperforming, with the lowest price during 2022-2023 being around 30% of its peak price in 2021 [5][10]. - The company's net profits have declined significantly from over 30 billion yuan annually during its peak years (2019-2021) to negative 10.8 billion yuan in 2022, followed by modest profits of 4.35 billion yuan and 2.34 billion yuan in 2023 [10].