FilingReader Intelligence
Shanghai Petrochemical forecasts RMB 418-511m half-year loss
July 15, 2025 at 05:13 AM UTC•By FilingReader AI
Sinopec Shanghai Petrochemical expects a net loss of RMB 418-511 million for the first half of 2025, contrasting sharply with a RMB 27.9 million profit in the prior year.
The anticipated loss stems from continued declining crude oil prices, weak product demand, and reduced price spreads between refined products and raw materials.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SSE:600688•Shanghai Stock Exchange
Oil & GasShanghai Blue Chip
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