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SINOPEC CORP Wanes 3%+ as Interim NP Expected to Drop Max. 43.7%
SINOPEC CORP (00386.HK) opened 2.39% lower today, and bottomed at $4.45. It last printed at $4.46, down 3.04%, with 64.6466 million shares traded, involving $289 million.The Compan...
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SINOPEC CORP Wanes 3%+ as Interim NP Expected to Drop Max. 43.7%
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SINOPEC CORP (00386.HK)  -0.270 (-5.870%)    Short selling $320.01M; Ratio 16.943%   opened 2.39% lower today, and bottomed at $4.45. It last printed at $4.46, down 3.04%, with 64.6466 million shares traded, involving $289 million.

The Company recently issued an Indicative Announcement on the Results for the First Half of 2025. Under the PRC Accounting Standards for Business Enterprises, the net profit for the first half of 2025 is estimated to be between RMB20.1 billion and RMB21.6 billion, representing a YoY decrease of 39.5-43.7%, mainly due to the significant decline in international crude oil prices, intense competition in the petroleum and petrochemical market, low chemical margin, etc..
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

Related NewsCiti Cuts SINOPEC CORP TP to $5.2, Continues to Prefer PETROCHINA as Top Pick

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