Shandong Xinchao Energy Q3 profit down 25% on lower oil prices

Shandong Xinchao Energy Corporation reported a profit decline in its third-quarter 2025 results. For the first nine months of 2025, the company's total profit decreased by 25.12% to RMB 1,578,374,944.42 compared to the same period last year. Net profit attributable to shareholders also fell by 19.44% to RMB 1,330,655,296.44. Basic earnings per share for the period stood at RMB 0.1957, down 19.44%.

The company's operating income for the first nine months of 2025 was RMB 5,658,816,776.89, an 11.99% decrease from the previous year. The decline in total profit and net profit is attributed primarily to the decrease in international oil prices during the current period compared to the previous year. Total assets increased by 1.55% to RMB 35,971,983,983.03 by the end of the reporting period.