SINOPEC Reports 38.988 Billion Yuan Net Profit Attributable to Shareholders for First Three Quarters, Up 30% Year-on-Year

Stock News10-29 17:52

SINOPEC CORP (00386) has released its results for the first three quarters of 2026. Under Chinese Accounting Standards for Business Enterprises, operating revenue reached approximately 2,206.296 billion yuan, representing a year-on-year increase of 4.4%. Net profit attributable to shareholders of the listed company stood at 38.988 billion yuan, up 30% year-on-year, with basic earnings per share of 0.323 yuan.

Under International Financial Reporting Standards, profit attributable to shareholders of the company for the first three quarters was 40.167 billion yuan, up 25.3% year-on-year, of which the third quarter accounted for 13.600 billion yuan, representing a year-on-year increase of 63.6%.

The announcement attributed the profit growth primarily to improved price spreads for refining and chemical products, the company's efforts to increase production of high value-added products such as aviation kerosene and refining by-products, as well as inventory gains driven by rising crude oil prices.

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