YANCHANG PETRO (00346) has disclosed its financial results for the year ended December 31, 2025. The group recorded revenue of HK$17.327 billion, representing a decrease of 40.63% compared to the previous year. The loss attributable to the company's owners was HK$759 million, a significant shift from the profit of HK$54.128 million reported in the same period last year. The loss per share was HK68.96 cents. The transition from profit to loss during the reporting year was primarily due to reduced revenue and gross profit, impacted by the slow pace of global economic recovery. Additional contributing factors included a substantial impairment loss on oil and gas assets from the Canadian oil and gas production operations, as well as goodwill impairment losses and expected credit loss provisions related to the oil products and by-products trading business in China.