Yanchang Petroleum International FY2025 operating loss widens to HK$746 million; revenue drops 41% to HK$17.3 billion

Reuters03-26
<a href="https://laohu8.com/S/YCGPF">Yanchang Petroleum</a> International FY2025 operating loss widens to HK$746 million; revenue drops 41% to HK$17.3 billion
  • Yanchang Petroleum International published an annual results announcement, reporting revenue of HKD 17.33 billion, down 41%, reflecting lower international oil prices and weaker refined oil demand in China.
  • Net loss was HKD 782.39 million, compared with a prior-year profit, as impairment losses and expected credit loss provisions weighed on results.
  • Net recognition of impairment loss on non-current assets was HKD 566.1 million, including HKD 548.93 million tied to oil and gas assets in Canada.
  • Provision for expected credit loss was HKD 52.2 million, as the group booked additional allowances on trade and other receivables in its PRC oil trading business.
  • Management said 2026 oil prices are expected to remain highly volatile amid supply disruptions and weak demand recovery, and it plans to focus on cost control upstream and more flexible sales strategies downstream.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yanchang Petroleum International Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260326-12070156), on March 26, 2026, and is solely responsible for the information contained therein.

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