FilingReader Intelligence
Sinopec forecasts 40% profit decline for first half
July 31, 2025 at 09:11 AM UTC•By FilingReader AI
China Petroleum & Chemical Corporation expects net profit for the first half of 2025 to fall 39.5% to 43.7% year-over-year to RMB 20.1-21.6 billion.
The decline is attributed to falling international crude oil prices, intense market competition, and low gross margins in the chemical sector.
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:600028•Shanghai Stock Exchange
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