FilingReader Intelligence

Sinopec Oilfield Service uses 1.8bn yuan reserves for losses

August 18, 2025 at 05:01 PM UTCBy FilingReader AI

Sinopec Oilfield Service Corporation will use 1.8 billion yuan from surplus and capital reserves to offset accumulated losses as of December 31, 2024.

The company said the move aims to enable profit distribution and enhance investor returns.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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