Hengli Petrochemical Co.,Ltd.

SHSE:600346 Stock Report

Market Cap: CN¥105.6b

Hengli PetrochemicalLtd Balance Sheet Health

Financial Health criteria checks 3/6

Hengli PetrochemicalLtd has a total shareholder equity of CN¥65.3B and total debt of CN¥166.0B, which brings its debt-to-equity ratio to 254.1%. Its total assets and total liabilities are CN¥278.6B and CN¥213.3B respectively. Hengli PetrochemicalLtd's EBIT is CN¥11.4B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥34.0B.

Key information

254.10%

Debt to equity ratio

CN¥165.99b

Debt

Interest coverage ratio3.1x
CashCN¥33.95b
EquityCN¥65.32b
Total liabilitiesCN¥213.28b
Total assetsCN¥278.60b

Recent financial health updates

Hengli PetrochemicalLtd (SHSE:600346) Seems To Be Using A Lot Of Debt

Jan 13
Hengli PetrochemicalLtd (SHSE:600346) Seems To Be Using A Lot Of Debt

Hengli PetrochemicalLtd (SHSE:600346) Use Of Debt Could Be Considered Risky

Sep 06
Hengli PetrochemicalLtd (SHSE:600346) Use Of Debt Could Be Considered Risky

Recent updates

Hengli PetrochemicalLtd (SHSE:600346) Could Be Struggling To Allocate Capital

Mar 01
Hengli PetrochemicalLtd (SHSE:600346) Could Be Struggling To Allocate Capital

Many Still Looking Away From Hengli Petrochemical Co.,Ltd. (SHSE:600346)

Feb 13
Many Still Looking Away From Hengli Petrochemical Co.,Ltd. (SHSE:600346)

At CN¥14.98, Is It Time To Put Hengli Petrochemical Co.,Ltd. (SHSE:600346) On Your Watch List?

Jan 29
At CN¥14.98, Is It Time To Put Hengli Petrochemical Co.,Ltd. (SHSE:600346) On Your Watch List?

Hengli PetrochemicalLtd (SHSE:600346) Seems To Be Using A Lot Of Debt

Jan 13
Hengli PetrochemicalLtd (SHSE:600346) Seems To Be Using A Lot Of Debt

Hengli Petrochemical Co.,Ltd. (SHSE:600346) Doing What It Can To Lift Shares

Nov 10
Hengli Petrochemical Co.,Ltd. (SHSE:600346) Doing What It Can To Lift Shares

When Should You Buy Hengli Petrochemical Co.,Ltd. (SHSE:600346)?

Oct 23
When Should You Buy Hengli Petrochemical Co.,Ltd. (SHSE:600346)?

Here's What To Make Of Hengli PetrochemicalLtd's (SHSE:600346) Decelerating Rates Of Return

Oct 07
Here's What To Make Of Hengli PetrochemicalLtd's (SHSE:600346) Decelerating Rates Of Return

Hengli PetrochemicalLtd (SHSE:600346) Use Of Debt Could Be Considered Risky

Sep 06
Hengli PetrochemicalLtd (SHSE:600346) Use Of Debt Could Be Considered Risky

Investors Don't See Light At End Of Hengli Petrochemical Co.,Ltd.'s (SHSE:600346) Tunnel

Aug 12
Investors Don't See Light At End Of Hengli Petrochemical Co.,Ltd.'s (SHSE:600346) Tunnel

Why Hengli Petrochemical Co.,Ltd. (SHSE:600346) Could Be Worth Watching

Jun 28
Why Hengli Petrochemical Co.,Ltd. (SHSE:600346) Could Be Worth Watching

Financial Position Analysis

Short Term Liabilities: 600346's short term assets (CN¥80.4B) do not cover its short term liabilities (CN¥133.3B).

Long Term Liabilities: 600346's short term assets (CN¥80.4B) exceed its long term liabilities (CN¥79.9B).

Debt to Equity History and Analysis

Debt Level: 600346's net debt to equity ratio (202.1%) is considered high.

Reducing Debt: 600346's debt to equity ratio has reduced from 305.6% to 254.1% over the past 5 years.

Debt Coverage: 600346's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: 600346's interest payments on its debt are well covered by EBIT (3.1x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/05 12:53
End of Day Share Price 2025/06/05 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hengli Petrochemical Co.,Ltd. is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ce ZhouChasing Securities
Bei Na YanChina International Capital Corporation Limited
Zhizhong JingChina Merchants Securities Co. Ltd.