SHANGHAI PECHEM (00338) announced its financial results for the first quarter of 2026. The company reported operating revenue of approximately 17.662 billion yuan, a decrease of 9.52% compared to the same period last year. Net profit attributable to shareholders of the listed company was about 415 million yuan, marking a turnaround from a loss in the prior-year period. Basic earnings per share were 0.039 yuan. During the reporting period, the gross profit margin for refined oil products increased compared to the same period last year, leading to an improvement in operating performance.