Sinopec Shanghai Petrochemical Company Limited (Stock Code: 00338) announced an expected net loss attributable to equity shareholders under the China Accounting Standards for Business Enterprises of approximately RMB1,289 million to RMB1,576 million for the year ending 31 December 2025. This marks a downturn compared to the prior statutory period, which recorded a net profit attributable to equity shareholders of RMB316,500,000 in 2024.

The company noted that the overall downward fluctuations in international crude oil prices and limited improvement in product market demand in 2025 led to a decrease in the gross profit of its main products. An overhaul of production facilities in the fourth quarter, resulting in lower output, is also cited as a contributing factor to the estimated loss.

Final audited figures will be disclosed in the 2025 annual report. The company stated that there are no significant uncertainties likely to affect the accuracy of these estimates.