Sinopec Swings to Loss in 2025

MT Newswires Live

03/19

Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) swung to a net loss attributable to shareholders of 1.43 billion yuan, or 0.136 yuan per share, in 2025, according to a Hong Kong bourse filing on Wednesday.

In the prior year, Sinopec recorded an attributable profit of 316.5 million yuan, or 0.030 yuan per share.

Operating income dropped 13% year on year to 75.6 billion yuan from 87.1 billion yuan.

The oil company's Hong Kong shares rose over 1% during Thursday's morning trade, while its Shanghai-listed shares were up nearly 1%.

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