Earnings Alerts

Hengli Petrochemical Co.,Ltd. A (600346) Earnings Soar: Reports 1.09B Yuan Net Income for 3Q

By October 24, 2024 No Comments
  • Net Income Performance: Hengli Petrochem reported a net income of 1.09 billion yuan for the third quarter of 2024.
  • Strong Revenue Figures: The company’s revenue reached 65.23 billion yuan during the same period.
  • Stock Ratings: Out of the analysts covering Hengli Petrochem, 19 have a “buy” rating, 1 has a “hold” rating, and there are no “sell” ratings.

A look at Hengli Petrochemical Co.,Ltd. A Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Hengli Petrochemical Co.,Ltd. A has a positive long-term outlook across various factors. With a strong Value score of 4 and top-notch Dividend score of 5, the company demonstrates solid financial standing and commitment to rewarding its investors. While its Growth and Momentum scores are slightly lower at 3, indicating moderate growth potential and market momentum, Hengli Petrochemical maintains a respectable Resilience score of 2, highlighting its ability to withstand economic fluctuations.

Hengli Petrochemical Co.,Ltd. manufactures chemical fibers, specializing in polyester filament and chips for both consumer and industrial use. The company’s global market presence positions it well to capitalize on the demand for these products. With a favorable mix of financial strength, dividend attractiveness, and growth prospects, Hengli Petrochemical appears poised for sustained success in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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