Sinopec Posts 17% Profit Drop in 2024; Hong Kong Shares Slide 3%

MT Newswires Live03-24

China Petroleum & Chemical or Sinopec (HKG:0386, 600028) reported a 17% decline in profit attributable to equity holders to 50.31 billion yuan for 2024 from 60.46 billion yuan a year earlier, according to a Sunday filing with the Hong Kong bourse.

Earnings per share fell to 0.415 yuan from 0.505 yuan the previous year. Ten analysts polled by Visible Alpha estimated EPS at 0.47 yuan.

Operating income decreased 4.3% to 3.075 trillion yuan from 3.212 trillion yuan in the same period last year. Analysts polled by Visible Alpha estimated revenue of 3.217 trillion yuan.

The company declared a final dividend of 0.14 yuan per share, which is expected to be paid on June 27.

The petroleum refiner's shares were down 3% in early trading in Hong Kong, while its Shanghai-listed shares fell 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2521734613?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-24 10:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521734613","market":"sh","top_or_hot":-1,"title":"Sinopec Posts 17% Profit Drop in 2024; Hong Kong Shares Slide 3%","media":"MT Newswires Live","content":"<html><body><p> China Petroleum &amp; Chemical or Sinopec (HKG:0386, 600028) reported a 17% decline in profit attributable to equity holders to 50.31 billion yuan for 2024 from 60.46 billion yuan a year earlier, according to a Sunday filing with the Hong Kong bourse.</p><p>Earnings per share fell to 0.415 yuan from 0.505 yuan the previous year. Ten analysts polled by Visible Alpha estimated EPS at 0.47 yuan.</p><p>Operating income decreased 4.3% to 3.075 trillion yuan from 3.212 trillion yuan in the same period last year. Analysts polled by Visible Alpha estimated revenue of 3.217 trillion yuan.</p><p>The company declared a final dividend of 0.14 yuan per share, which is expected to be paid on June 27.</p><p>The petroleum refiner's shares were down 3% in early trading in Hong Kong, while its Shanghai-listed shares fell 1%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sinopec Posts 17% Profit Drop in 2024; Hong Kong Shares Slide 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSinopec Posts 17% Profit Drop in 2024; Hong Kong Shares Slide 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-24 10:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> China Petroleum &amp; Chemical or Sinopec (HKG:0386, 600028) reported a 17% decline in profit attributable to equity holders to 50.31 billion yuan for 2024 from 60.46 billion yuan a year earlier, according to a Sunday filing with the Hong Kong bourse.</p><p>Earnings per share fell to 0.415 yuan from 0.505 yuan the previous year. Ten analysts polled by Visible Alpha estimated EPS at 0.47 yuan.</p><p>Operating income decreased 4.3% to 3.075 trillion yuan from 3.212 trillion yuan in the same period last year. Analysts polled by Visible Alpha estimated revenue of 3.217 trillion yuan.</p><p>The company declared a final dividend of 0.14 yuan per share, which is expected to be paid on June 27.</p><p>The petroleum refiner's shares were down 3% in early trading in Hong Kong, while its Shanghai-listed shares fell 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0293314216.USD","symbol_name":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521734613","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521734613","pubTimestamp":1742782625,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Petroleum & Chemical or Sinopec  reported a 17% decline in profit attributable to equity holders to 50.31 billion yuan for 2024 from 60.46 billion yuan a year earlier, according to a Sunday filing with the Hong Kong bourse.Earnings per share fell to 0.415 yuan from 0.505 yuan the previous year. Ten analysts polled by Visible Alpha estimated EPS at 0.47 yuan.Operating income decreased 4.3% to 3.075 trillion yuan from 3.212 trillion yuan in the same period last year. Analysts polled by Visible Alpha estimated revenue of 3.217 trillion yuan.The company declared a final dividend of 0.14 yuan per share, which is expected to be paid on June 27.The petroleum refiner's shares were down 3% in early trading in Hong Kong, while its Shanghai-listed shares fell 1%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600028":"中国石化","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","BK0028":"国家队","BK1226":"综合性石油与天然气企业","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK0274":"油气开采","BK0188":"融资融券","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","BK0176":"可燃冰","LU0823426308.USD":"法巴中国股票基金","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","BK1521":"挪威政府全球养老基金持仓","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","BK0183":"MSCI概念","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","LU0181495838.USD":"施罗德新兴亚洲A Acc","BK0012":"证金概念","BK0025":"油气改革","BK0196":"行业龙头","LU0828237940.HKD":"SCHRODER ISF EMERGING ASIA \"A\" (HKD) ACC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","BK0000":"一带一路","LU0823426480.USD":"法巴中国股票经典Dis","BK1528":"石油股票概念","BK0015":"沪股通50","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","BK0010":"央企","LU0173614495.USD":"富达中国焦点A","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK0006":"大央企重组","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","00386":"中国石油化工股份","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK1562":"石化股","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0140636845.USD":"施罗德大中华区股票A Acc","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A"},"translate_title":"中石化2024年利润下降17%；港股下跌3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600028":0.9,"00386":0.9},"content_text":"China Petroleum & Chemical or Sinopec (HKG:0386, 600028) reported a 17% decline in profit attributable to equity holders to 50.31 billion yuan for 2024 from 60.46 billion yuan a year earlier, according to a Sunday filing with the Hong Kong bourse.Earnings per share fell to 0.415 yuan from 0.505 yuan the previous year. Ten analysts polled by Visible Alpha estimated EPS at 0.47 yuan.Operating income decreased 4.3% to 3.075 trillion yuan from 3.212 trillion yuan in the same period last year. Analysts polled by Visible Alpha estimated revenue of 3.217 trillion yuan.The company declared a final dividend of 0.14 yuan per share, which is expected to be paid on June 27.The petroleum refiner's shares were down 3% in early trading in Hong Kong, while its Shanghai-listed shares fell 1%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2521734613"}