SINOPEC SSC (01033) announced its financial results for the first quarter of 2026. The company's consolidated operating revenue reached RMB 18.274 billion, representing a year-on-year increase of 2.4%. This growth was primarily driven by a 16.2% rise in revenue from overseas markets. However, net profit attributable to the company's shareholders decreased by 6.2% to RMB 205 million. The decline in profitability was mainly due to a 32.7% increase in financial expenses, which was impacted by the depreciation of the US dollar against the Renminbi.
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