- Sinopec published its annual results announcement for the year ended Dec. 31, 2025, including audited financial statements prepared under PRC accounting standards and IFRS.
- Revenue fell 9.5% to RMB2.8 trillion, while operating profit fell 31.2% to RMB48.6 billion.
- Profit before taxation decreased 36.7% to RMB43.7 billion, and profit attributable to shareholders decreased 33.6% to RMB32.5 billion.
- Net cash generated from operating activities rose 8.8% to RMB162.5 billion, while capital expenditure totaled RMB147.2 billion.
- Management attributed the performance decline mainly to lower international crude oil prices and weaker chemical margins, and guided for 2026 production of 280.91 million barrels of crude oil, 1,471.7 billion cubic feet of natural gas, and 15.8 million tonnes of ethylene.
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