HYPC(SZ:000703) 中国基金报·2025-12-04 06:04Core Viewpoint - The incident involving a company in Guangxi Qinzhou displaying a controversial sign has sparked widespread public concern regarding corporate culture and personal freedom [2][5]. Company Overview - The company involved is Guangxi Hengyi New Materials Co., Ltd., a wholly-owned subsidiary of Hengyi Petrochemical (000703.SZ) [5][6]. - As of mid-2025, Guangxi Hengyi New Materials Co., Ltd. has a registered capital of 3.955 billion yuan, primarily engaged in chemical fiber product manufacturing [6]. Incident Details - The sign stating "Please voluntarily give up all freedom upon entering the factory" was removed after intervention from local authorities [3][5]. - The company initially responded dismissively to inquiries about the sign, suggesting that concerns should be directed to the police [3]. Corporate Response - Following the incident, the company replaced the controversial sign with a new one emphasizing safety and prevention [7][9]. - Hengyi Petrochemical's recent performance report indicated a revenue of approximately 83.885 billion yuan for the first three quarters of 2025, a year-on-year decrease of 11.53%, while net profit slightly increased by 0.08% to about 231 million yuan [8]. Project Development - Guangxi Hengyi New Materials Co., Ltd. is currently advancing a project for an integrated production line with an annual capacity of 120,000 tons of caprolactam and polyamide, which has recently entered trial production [8][10]. - The project is expected to leverage technical and structural advantages, enhancing collaboration between China's and ASEAN's petrochemical industries [10]. Market Performance - On December 3, Hengyi Petrochemical's stock closed at 8.45 yuan per share, reflecting a 2.92% increase, with a market capitalization of approximately 30.44 billion yuan [13].