Hengli Petrochemical (600346) Stock Price, Fundamentals & Analysis

What 600346 does

Hengli Petrochemical (600346) is a stock listed on the Shanghai Stock Exchange in the Basic Materials sector, Chemicals industry. Headquartered in Dalian, China, the company operates through a Petrochemical Business segment and a Polyester Fiber Business segment. It produces oil refining products, chemical products, purified terephthalic acid, polyester chips, and polyester fibers, as well as engineering plastics, functional films, and biodegradable materials. The company also trades in petroleum, synthetic materials, rubber products, metal chains, metal materials, coal, and non-metallic minerals, and provides wholesale, retail, and financial services. Hengli Petrochemical was formerly known as Dalian Rubber and Plastic Machinery Co., Ltd and adopted its current name in May 2016. It is part of the CSI 300 index.

Key numbers explained

• 16.15 CNY is the current price, the latest traded value of one share.
• The trailing P/E ratio of 10.1 divides the current share price by the last twelve months of earnings per share (1.6 CNY), showing how much investors pay per unit of recent earnings.
• The forward P/E ratio of 9.1 uses expected future earnings, offering a view of valuation based on analyst estimates rather than past results.
• A dividend yield of 5.08% means the annual dividend represents about 5% of the current share price; the ex-dividend date is 2 iun. 2026.
• The price change today of -4.33% reflects the intraday move from the previous close.
• Market cap of 113.68 mld. CNY is the total value of all outstanding shares at the current price.
• Beta of 0.59 suggests the stock tends to move less than the overall market, often interpreted as lower volatility.
• The 52-week range of 14.76 – 27.26 shows the lowest and highest prices over the past year, with the current price near the lower end of that band.

What to watch

• Revenue growth of 4.6% year over year indicates modest top-line expansion, which investors track alongside margin trends.
• Profit margin of 5.7% and operating margin of 7% show how much of each revenue yuan translates into profit at different stages.
• Return on equity of 16.6% reflects the company’s efficiency at generating earnings from shareholders’ capital.
• The debt-to-equity ratio of 227.5% highlights a high level of debt relative to equity, a factor that can affect financial risk.
• Price-to-book of 1.58 compares the market price to the company’s book value per share.
• The share of earnings paid out as dividends of 23% indicates the portion of profit returned to shareholders, with the remainder retained for reinvestment.
• As a large-cap Basic Materials stock, Hengli Petrochemical (600346) can be influenced by commodity price cycles, refining margins, and broader industrial demand. Peers such as Ningxia Baofeng Energy Group (600989), Cathay Biotech (688065), Aluminum Corporation of China Limited (601600), Jiangxi Copper (600362), Baoshan Iron and Steel (600019), Zijin Mining Group (601899), and Zhongjin Gold (600489) operate in related sectors.