Shanghai Pechem (00338) announced its mid-year performance in 2024, according to the China Accounting Standards. The revenue was approximately 43.533 billion yuan, a decrease of 3.12% compared to the same period last year; the net income attributable to shareholders of the parent company was 27.912 million yuan, with a loss of approximately 0.988 billion yuan in the same period last year; the basic earnings per share was 0.003 yuan.
In the first half of 2024, the total volume of the group's main products produced was 5.8307 million tons, a decrease of 7.70% compared to the same period last year.
In the first half of 2024, the group achieved a total net sales of 37.497 billion yuan, a decrease of 3.02% compared to the same period last year. Among them, the net sales of chemical products and petrochemical products trade decreased by 7.86% and 26.13% respectively, while refining products increased by 1.95%. Due to the decrease in production volume, the sales volume of refining products and chemical products decreased by 2.64% and 18.77% respectively. Due to the increase in crude oil prices, the weighted average selling prices of each sector have increased compared to the same period last year. In the first half of 2024, the group's sales cost was 37.562 billion yuan, a decrease of 5.51% compared to the same period last year, accounting for 100.18% of net sales.