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

MT NewswiresJul 12 01:46 ET

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.

新浪港股Jul 11 20:31 ET

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.

新浪港股Jul 11 19:43 ET

Sinopec Shanghai Petrochemical's semi-annual performance report for 2024 is expected to be profitable.

Sensex a shareJul 11 12:00 ET · Announcements

Express News | Sinopec Shanghai Petrochemical- Hy Production Volume for Jet Fuel 123.2 Mln Tons

ReutersJul 11 07:54 ET

Express News | Sinopec Shanghai Petrochemical - Hy Sales Rev for Diesel RMB9.43 Bln

ReutersJul 11 07:53 ET