Shanghai Petrochemical Reports Annual Loss of 1.43 Billion Yuan, Swinging from Prior Year's Profit
Stock News
Mar 18
Shanghai Petrochemical (00338) has announced its financial results for the 2025 fiscal year. The group reported revenue of 75.513 billion yuan, representing a decrease of 13.26% compared to the previous year. The company incurred a net loss attributable to shareholders of the parent company of 1.433 billion yuan, a swing from profit to loss year-on-year. The loss per share was 0.153 yuan. According to the announcement, the sales volume of the group's refined oil products in 2025 fell by 9.62% compared to the preceding year, which led to the decline in the group's annual operating revenue.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.