公告日期：2025-05-20

Company Code:600346 Company
Name:Hengli Petrochemical

Hengli Petrochemical Co., Ltd.
2024Annual Report

2024 Annual Report 1

Letter to Shareholders, Partners and Employees

Dear shareholders, investors, and friends who care about and support Hengli
Petrochemical:

Spring surges with vitality, and the fragrance of locust trees fills the city. On this
radiant April day, we present to you Hengli Petrochemical’s 2024 milestones as a
testament to our relentless drive, extending our deepest gratitude and sharing a vision for
a brighter future.

Looking back, whether we are immersed in the grand narrative of long history or
focus on the minute details of individual destiny, it evokes a deep chill. Amidst the
undercurrents of the changing century, geopolitical rivalries get locked in stalemate. The
global economy grows ever more turbulent and unpredictable, further intensifying
uncertainties. For enterprises in particular, with upstream raw material prices remaining
persistently high and downstream market demand staying sluggish, Hengli Group has
forged ahead against the dual pressures of ongoing global trade war and frequent "black
swan" events—wielding "innovation" as its sword to break through barriers, and shielding
its growth with "unwavering commitment to craftsmanship", anchoring the direction amid
turbulent sea and emerging as a frontrunner in the fierce competition. In 2024, the
company achieved operating revenue of 236.2 billion yuan, net profit attributable to
shareholders of 7.044 billion yuan, and net cash flow from operating activities of 22.733
billion yuan.

Innovation breaks boundaries, redefining industry standards. "Innovation is the
lifeblood of enterprise vitality. It begins with liberating minds, shifting perspectives, and
breaking free from conventional thinking—proactively embracing transformation. " Hengli
has engra……
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