Sinopec's Q1 revenue decreased by 6.9% year-on-year, while net profit attributable to shareholders plummeted by 27.6% | Earnings Reports Insights.

Under the dual pressure of falling international oil prices and weak downstream demand, the profitability of the group's refining Sector has significantly narrowed, and the chemical Sector recorded a loss of 1.321 billion yuan in Q1. Exploration and development remain Sinopec's "ballast", achieving an EBITDA of 13.631 billion yuan, but this profit has also declined compared to the past few quarters.

wallstreetcnApr 28 08:08 ET

China Petroleum & Chemical Corporation: Performance in the first quarter of 2025 is under pressure, with net income down 27.6% year-on-year, but cash flow turns positive.

China Petroleum & Chemical Corporation's performance in the first quarter of 2025: Declining crude oil prices and sluggish chemical market drag down profits, with cash flow turning positive. Earnings Reports key points on financial performance: revenue 7...

wallstreetcnApr 28 08:02 ET

Hengli Petrochemical: Earnings in the first quarter of 2025 are under pressure, with non-recurring gains and losses supporting performance.

In the first quarter of 2025, Hengli Petrochemical's earnings are under pressure, with non-recurring gains supporting performance highlights. Financial performance: The first quarter revenue was 57.024 billion yuan, a year-on-year decrease of 2.34%; Net income attributable to the parent company was 2.051 billion yuan, a year-on-year decrease of 4.13%; The net income excluding non-recurring items was 1.239 billion yuan, a significant drop of 31.88% year-on-year. Business structure: Price differentials for downstream new materials products are under pressure, while upstream refining and PTA industries performed relatively steadily. Non-recurring gains: Government subsidies of 0.665 billion yuan and fair value changes in financial assets of 0.315 billion yuan became the main support for profits. Cash flow status: The cash flow from operating activities is net.

wallstreetcnApr 21 07:39 ET

Brokerage morning meeting highlights: Listed companies significantly Increase Stake & Buy Back, demonstrating determination and strength.

In today's brokerage morning meeting, Founder Securities believes that listed companies are significantly increasing their Increase Stake & Buy Back measures to demonstrate resolve and strength; China International Capital Corporation suggested that the Federal Reserve is not expected to cut interest rates in the short term, with a potential restart of rate cuts possibly in the third quarter; HTSC believes that the Real Estate property management Sector has both improvement potential and dividend value.

cls.cnApr 10 20:14 ET

China Petroleum & Chemical Corporation and Saudi Aramco are advancing the expansion of the Yanbu refinery to enhance the production capacity of high-end petrochemical products.

① China Petroleum & Chemical Corporation signed an agreement with Saudi Aramco to expand the Yanbu refinery, constructing a new 1.8 million tons/year ethylene plant, a 1.5 million tons/year aromatics unit, and supporting downstream polyolefin facilities; ② The Yanbu refinery is a joint venture between China Petroleum & Chemical Corporation and Saudi Aramco, which started production in 2016, processing 0.43 million barrels of Saudi heavy crude oil per day; ③ The expansion will enhance the production capacity of high-end petrochemical products, maximize the integrated refining and chemical synergy effect, and deepen China-Saudi energy cooperation.

cls.cnApr 10 07:25 ET

Strong policies to maintain stability inject confidence, the Agriculture chain and CSI Consumer 360 index are expected to progress together.

Track the entire lifecycle of the main Sector.

cls.cnApr 8 21:28 ET