[Hengli Petrochemical: Net profit increased by 54.64% year-on-year in the third quarter] On October 28, Hengli Petrochemical (600346.SH) announced that its operating income in the third quarter was 52.853 billion yuan, a year-on-year decrease of 1.20%; the net profit attributable to shareholders of listed companies was 3.050 billion yuan, a year-on-year increase of 54.64%. Operating income in the first three quarters was 151.075 billion yuan, a year-on-year decrease of 4.01%; net profit attributable to shareholders of listed companies was 10.256 billion yuan, a year-on-year increase of 104.20%. The change in performance is mainly due to the recovery of industry prosperity, improvement in supply and demand, and the improvement of the refining, aromatics, PTA and polyester industrial chains. Relying on the large integrated chemical platform of oil and coal, the company's multiple sets of core equipment have stable production and are selling well. The industrial chain has coordinated efforts, and the price difference between refining and PTA processing has been restored and profits have increased. At the same time, the company schedules production flexibly and dynamically adjusts raw materials, load and product structure according to the profitability of each product. The coal chemical industry can hedge against fluctuations in crude oil and stabilize profits amid cyclical fluctuations. Xiaocai Note: The company’s Q3 net profit was 3.05 billion and Q2 net profit was 3.296 billion. Based on this calculation, Q3 net profit dropped 7% from the previous quarter.