Sinopec Shanghai Petrochemical Expects Return to Profit in H1
Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) expects a net profit attributable to the company's equity shareholders of approximately 24.6 million yuan to 36.9 million yuan for the first
Shanghai Pechem is happy with their profits and expects a net profit of approximately 245.7 to 368.5 million yuan in the first half of the year, turning losses into profits compared to the same period last year.
Shanghai Pechem (00338) announced that the group is expected to achieve a net income of approximately RMB 24.57 million to 36.85 million for the first half of 2024 and return to profit from loss compared to the same period last year (statutory disclosure data). The expected non-net income is expected to be RMB 49.53 million to 74.29 million, and it is expected to return to profit from loss year-on-year. The announcement stated that the international oil price is overall rising and the market demand is steadily recovering. The company continues to optimize production and operation, and the average price increase of its main products is higher than the increase in crude oil processing costs, resulting in an increase in product gross profit and profits.
Shanghai Pechem's gasoline sales revenue in the first half of the year was 14.525 billion yuan.
Shanghai Pechem (00338) has announced that in the first half of 2024, diesel production reached 1.3867 million tons, diesel sales reached 1.3616 million tons, with diesel sales revenue of 9.431 billion yuan; while rbob gasoline production reached 1.6657 million tons, rbob gasoline sales reached 1.6667 million tons, with gasoline sales revenue of 14.525 billion yuan.
Sinopec Shanghai Petrochemical's semi-annual performance report for 2024 is expected to be profitable.
Express News | Sinopec Shanghai Petrochemical- Hy Production Volume for Jet Fuel 123.2 Mln Tons
Express News | Sinopec Shanghai Petrochemical - Hy Sales Rev for Diesel RMB9.43 Bln
Express News | Sinopec Shanghai Petrochemical Co Ltd - Hy Production Volume Diesel 138.7 Mln Tons
Shanghai Pechem (00338) announces positive profit expectation, with expected net profit attributable to shareholders for the first half of the year at around 245.7-368.5 million yuan, turning losses into profits YoY.
Shanghai Pechem (00338) announced that the group is expected to report a net profit attributable to its shareholders in the first half of 2024...
Express News | Sinopec Shanghai Petrochemical - Expected Results as Overall Rise in International Oil Prices and Steady Recovery in Market Demand, Others
Express News | Sinopec Shanghai Petrochemical Sees Cas Net Profit Attributable After Deducting Non-Recurring Items of RMB49.53 Mln to RMB74.29 Mln in Hy
Express News | Sinopec Shanghai Petrochemical Sees Cas Net Profit Attributable of RMB24.57 Mln to RMB36.85 Mln in First Half
SHANGHAI PECHEM: POSITIVE PROFIT WARNINGANNOUNCEMENT ON ESTIMATED POSITIVE PROFIT ININTERIM RESULTS OF 2024
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
Petroleum stocks rose, Kunlun Energy (00135) rose 4%, institutions suggest that the oil price may continue to maintain a high level in the medium to long term.
Petroleum stocks are generally up, with Kunlun Energy (00135) up 4%, China Oilfield (02883) up 1.99%, PetroChina (00857) up 1.43%, Sinopec (00386) up 1.02%, Sinopec (00338) and CNOOC (00883) following the trend. Overnight oil prices rose due to the weakening of the US dollar and expectations of strong crude oil demand. New York futures oil closed at $81.63 per barrel, up 1.1%. The August delivery of Brent crude oil in London closed at $86.01 per barrel, up 0.9%. CITIC Securities stated that the production cycle has led to energy inflation, and there is no
Statistics of abnormal proportion of Zhijun Hong Kong stock connect on June 19th.
Statistics of abnormal proportion of Mobius Hong Kong Stock Connect on June 18, 2024.
Shanghai Pechchem has already repurchased 124 million shares after cancellation.
Shanghai Pechem (00338) announced that on June 17, 2024, the company cancelled 124 million shares of repurchased stock.
Shanghai Pechem (00338) has canceled 124 million shares and repurchased its own shares.
On June 17, 2024, Shanghai Pechem (00338) announced that it had canceled 124 million repurchased shares.
Petroleum stocks are generally rising. Kunlun Energy (00135) rose 3.49%. EIA predicts that global oil demand may reach a record high this year.
Petroleum stocks generally rose, with Kunlun Energy (00135) up 3.49%, CNOOC (00883) up 2.18%, PetroChina (00857), Shanghai Petrochemical (00338), and Sinopec (00386) following the trend. The Middle East's tense situation has pushed up international oil prices overnight, with NYMEX crude oil futures settling at $78.5 per barrel, up nearly 0.8%. Brent crude oil futures settled at $82.6 per barrel, up 0.8%.
Petroleum stocks are weak. China oilfield (02883) fell 4.34%. Expectations for the new OPEC+ production cut plan have fallen through.
Petroleum stocks are weak, with China oilfield (02883) down 4.34%, Kunlun Energy (00135) down 2.94%, Sinopec (00386) down 2.45%, PetroChina (00857) down 2.45%, Shanghai pechem (00338) down 1.75%, CNOOC (00883) down 0.94%. OPEC announced after the 37th ministerial meeting that the 'voluntary production reduction measure' will be extended until the end of 2024; and the 'collective production reduction measure' will be extended until the end of 2025. Although the production reduction has been delayed,
Shanghai Pechem (00338) appointed Guo Xiaojun as executive director and chairman of the board.
Shanghai Pechem (00338) announced that the 8th meeting of the 11th board of directors will be held on June 6th, 2024. Mr. Guo Xiaojun will be appointed as the executive director, chairman of the board, chairman of the global strategy and ESG committee, and member of the nomination committee. Mr. Guo Xiaojun is also the authorized representative of the company under Article 3.05 of the Hong Kong Listing Rules. His appointment will take effect from the date of the board resolution.
No Data