February 21 -- Hengyi Petrochemical (000703), a maker of PTA products, doors, and windows, posted an 11.21 percent year-on-year rise in 2011 net profit to 1.92 billion yuan on a 69.49 percent increase in revenue to 31.51 billion yuan, reports yicai.com, citing a company filing. Earnings per share fell 7.02 percent to 3.71 yuan.

Based on total equity of 576.79 million shares at the end of last year, the company plans to distribute stock dividends of three shares and cash dividends of 10 yuan for every 10 shares held. The total amount of dividends to be paid out is expected to hit 576.79 million yuan.

In addition, Hengyi Petrochemical will convert seven shares for every 10 shares held, boosting total equity to 1.15 billion shares.

Source:capitalvue.com