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2025-07-31 21:00:48
Sinopec's First-H1 Net Profit Expected to Decrease by 39.5%-43.7% (Note: The original text appears to be corrupted and should be omitted.) (1) Sinopec expects net profit attributable to parent company shareholders to be between 20.1 billion and 21.6 billion yuan in the first half of 2025, a year-on-year decrease of 39.5% to 43.7%. The company stated that it has stepped up efforts to optimize production and operations and control costs. (2) The decline in performance is primarily due to the sharp drop in international crude oil prices, intensified competition in the petroleum and petrochemical markets, and low chemical gross profit margins.
