公告日期：2026-05-12

Company Code:600346 Company

Abbreviation:Hengli Petrochemical

Hengli Petrochemical Co., Ltd

2025Annual Report

Letter to Shareholders, Partners and Employees

Dear Shareholders, Partners, and Employees:

As the seasons turn, all things are renewed; dawn is ahead, and our blueprint is ready to unfold.
As the vessel of 2025 sails past the lighthouse of time, we pause to look back upon the ocean we have
navigated together—an ocean where the undercurrents of a shifting global landscape surged, yet also
resounded with the firm echoes of our inward reform and upward climb. This was a year of calibrating
our compass amid wind and waves, and of building strength while diving deep. More importantly, it
was a journey of weaving glory with sweat and lighting the way forward with resilience.

Tides surge across the world, and the order is being reshaped. Great-power rivalries intertwine
and evolve, while geopolitical undercurrents have never ceased. Globalization seeks a new equilibrium
amid turbulence, with the shift in economic growth drivers under pressure, and protectionism
coexisting with supply chain restructuring. All this tests the wisdom and composure of every enterprise
that cherishes far-reaching ambitions. Focusing on China, development is charting new ground under
pressure. Behind the 5% economic growth lies the targeted infusion of macro policies, and more
importantly, a pivotal leap in the continuous transition from old to new growth drivers. The forward
momentum of the nation has laid a solid foundation for our long-term development. And for every
striver at Hengli, 2025 was a vivid practice of anchoring direction amid uncertainty and creating value
through transformation. We took prudent steps in response to external volatility, and we rejoiced at
every internal breakthrough. We have felt the chill of the market, and we understand more clearly than
ever—only by deep cultivation o……
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