FilingReader Intelligence
Sinopec Shanghai Petrochemical posts profit, announces share buyback
April 29, 2025 at 05:19 AM UTC•By FilingReader AI
** Sinopec Shanghai Petrochemical (SSE:600688) has released its 2024 Annual Performance Report, signaling a return to profitability alongside plans to enhance shareholder value. The company reported a net profit of CNY 316.5 million, a significant turnaround from the CNY 1.349 billion loss in the previous year. This positive shift is attributed to improved operational efficiency and a focus on higher-value product mix amid fluctuating global oil prices.
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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SSE:600688•Shanghai Stock Exchange
Oil & GasShanghai Blue Chip
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