Written by: Suhaib Shams
Hengli Petrochemical achieved a qualitative leap in its financial results, as its net profits doubled during the first three quarters of the current year.
Improvement in profit margins in the refining sector
This growth came as a result of the recovery of profit margins in refining operations, which contributed to achieving tangible positive returns for the company.
Benefiting from the advantages of the integrated value chain
The financial results demonstrated the company's ability to capitalize on its entire integrated production chain, enabling it to convert price improvements into strong operating profits that enhanced its financial position.
