Sinopec Shanghai Petrochemical Books 397 Million Yuan Impairment in 2025

MT Newswires Live

03/19

Sinopec Shanghai Petrochemical Company (HKG:0338, SHA:600688) said it made asset impairment provisions totaling 397 million yuan for 2025, according to a Wednesday Hong Kong bourse filing.

Hong Kong-listed shares of the firm were down nearly 1% in Thursday afternoon trade.

The provision mainly included 393 million yuan for inventory impairment and 4 million yuan for bad debts of accounts receivable, the company said.

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