Sinopec Warns of Up to 44% Drop in H1 Profit

MT Newswires Live

2025/07/31

China Petroleum & Chemical or Sinopec (SHA:600028, HKG:0386) expects an attributable profit of between 20.1 billion yuan and 21.6 billion yuan in the first half of 2025, down 40% to 44% from 35.7 billion a year prior, a Thursday Hong Kong bourse filing said.

The petrochemical company attributed the forecast to a significant drop in international crude oil prices, intense competition, and low chemical margin among other factors.

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Chemical or Sinopec (SHA:600028, HKG:0386) expects an attributable profit of between 20.1 billion yuan and 21.6 billion yuan in the first half of 2025, down 40% to 44% from 35.7 billion a year prior, a Thursday <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> bourse filing said.</p><p>The petrochemical company attributed the forecast to a significant drop in international crude oil prices, intense competition, and low chemical margin among other factors.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828631.EUR","symbol_name":"AZ EQUITY CHINA \"A\" (EUR) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555319288","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555319288","pubTimestamp":1753967878,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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