Heshun Petroleum said it expected net profit attributable to owners of the parent to reach 68 million yuan to 88 million yuan in the first half of 2026, up 384.02% to 526.38% year on year. According to Jin10, the company said the year-on-year increase in net profit was expected to be 53.9511 million yuan to 73.9511 million yuan.
The company said geopolitical conflicts pushed international crude oil prices higher, and China’s capped retail prices for refined oil products were raised in tandem. It added that refinery inventory buildup and shipment pressure weighed on ex-factory price increases, widening the industry’s wholesale-to-retail price spread.
Heshun Petroleum said it capitalized on the high spread environment during the reporting period, which supported profit growth.
STOCKS | Heshun Petroleum Forecasts 2026 First-Half Net Profit to Rise 384.02% to 526.38%
2026-07-14 08:11:18
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