Commodity Chemicals

SHANGHAI PECHEM

SHANGHAI PECHEM released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue HKD 20.02 B, actual EPS HKD 0.0442 (forecast EPS HKD 0.0323)

SHANGHAI PECHEM to release FY2026 Q1 earnings on April 29 After-Market BJT, forecast EPS HKD 0.0323

Shanghai Petrochemical Plans to Launch Financial Derivatives Hedging Program

Sinopec Shanghai Approves RMB 397 Million in Asset Impairment Provisions for 2025

Shanghai Petrochemical Net Loss of 1.433 Billion Yuan in 2025

SHANGHAI PECHEM released FY2025 Q4 earnings on March 18 After-Market (BJT), actual revenue HKD 18.55 B (forecast HKD 19.3 B), actual EPS HKD -0.1054 (forecast HKD -0.0946)

SHANGHAI PECHEM released FY2025 earnings on March 18 After-Market BJT, actual revenue HKD 82.59 B (forecast HKD 81.18 B), actual EPS HKD -0.1486 (forecast HKD -0.0605)

SHANGHAI PECHEM to Release FY2025 Earnings on March 18 After-Market (BJT), Forecast Revenue HKD 82.58 B, EPS HKD -0.0615

Shanghai Petrochemical forecasts full-year net loss in 2025

Sinopec Shanghai Petrochemical to Sign Personnel Lending Service Contract with Balin New Materials

Shanghai Petrochemical Obtains Patent for Large Tows Carbon Fiber

Sinopec Shanghai Petrochemical Co Ltd reports profit of 30.595 million yuan in first three quarters of 2025

SHANGHAI PECHEM released FY2025 Q3 earnings on October 22 During-Market (BJT), actual revenue HKD 0 (forecast HKD 21.32 B), actual EPS HKD 0 (forecast HKD 0.0306)

SHANGHAI PECHEM released FY2025 9 Months Earnings on October 22 During-Market (BJT), actual revenue HKD 63.97 B, actual EPS HKD -0.0468

SHANGHAI PECHEM to release FY2025 Q3 earnings on October 22, during market hours (BJT), with forecast revenue of HKD 21.23 B and EPS of HKD 0.0306

Domestic crude cyclopentadiene price center shifted upward in August

Sinopec Shanghai Petrochemical Announces Mid-Year Results with Profit Turned to Loss

SHANGHAI PECHEM released FY2025 Q2 earnings on August 20 After-Market (BJT), actual revenue HKD 21.89 B (forecast HKD 23.23 B), actual EPS HKD -0.0416 (forecast HKD 0.028)

SHANGHAI PECHEM released FY2025 Semi-Annual earnings on August 20 After-Market (BJT), actual revenue HKD 42.79 B, actual EPS HKD -0.0476

SHANGHAI PECHEM to Release FY2025 Semi-Annual Earnings on August 20, 2025 (BJT)

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

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05423

600688

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Sinopec Shanghai Petrochemical Co (HK:0338) reported strong Q1 2026 production and sales of refined oil and chemical products, including diesel, gasoline, and jet fuel. Despite year-on-year declines in diesel and gasoline prices, jet fuel prices rose, and PX prices increased sharply. Crude oil processing costs fell, providing margin support. The latest analyst rating for the stock is a Hold with a price target of HK$1.13. The company is a major integrated petrochemical producer in China, serving both fuel and chemical markets.

Tip Ranks

SINOPEC N4704

SINOPEC N2911

SINOPEC N3101

Sinopec Shanghai Petrochemical Posts Strong Q1 2026 Volumes Amid Mixed Pricing Trends

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Sinopec reported a 27% rise in net profit to 17.74 billion yuan ($2.59 billion) in Q1, driven by increased crude oil prices amid the Iran conflict. However, revenue fell 3.9% to 706.70 billion yuan. The company noted a 3.1% rise in domestic natural gas demand, while refined oil consumption dropped 2.3%. Analysts warn of operational vulnerabilities due to reliance on Middle Eastern imports. Sinopec is enhancing exploration and production efforts, reporting a slight increase in total oil and gas production to 131.49 million barrels of oil equivalent.

MorningStar

SINOPEC SSC

SINOPEC CORP

Sinopec Corp.

PETROCHINA

ChinaAMC CSI Petrochemical Industry ETF

China Universal CSI Oil & Gas Resources ETF

E Fund CSI Petrochemical Industry ETF

Guotai CSI Oil & Gas Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

S&P Global

Sinopec Reports Profit Rise as Oil Prices Climb Amid Iran War

China’s state-owned refiners are applying for government permits to resume fuel exports in May, citing high domestic stockpiles. Major oil companies like China Petrochemical and China National Petroleum are seeking approval to ship petrol and diesel after a halt due to the Iran war. Domestic fuel prices have risen, leading to weak demand, while export margins have increased. Inventories are at their highest levels since 2025 and 2024. The government has not yet responded to the permit requests, as China continues to prioritize energy security amid global supply challenges.

Businesstimes News

PetroCN HK SDR 1to2

China’s state refiners seek to resume fuel exports after halt

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UBS has lowered the target price for SHANGHAI PECHEM to HKD 2.02, with a rating of "Buy." It is expected that revenue will decline by 13% to RMB 75.6 billion in 2025, with a net loss of RMB 1.4 billion, in line with profit warning expectations. The net loss for the fourth quarter is RMB 1 billion, due to pressure on refining fundamentals, with gross margins dropping to 12%. The company is promoting the development of its carbon fiber business, with capital expenditures expected to be around RMB 6 billion in 2026. Adjustments have been made to the earnings per share forecasts for 2026 to 2028

AASTOCKS

Guotai CSI Subdivision Chemical Industry Theme ETF

Yinhua CSI Oil & Gas Resources ETF

UBS lowers the target price for Shanghai Petrochemical to 2.02 yuan, rating "Buy"

The situation in the Middle East affects the stability of crude oil supply. Shanghai Petrochemical Chairman Guo Xiaojun stated that the company will expand crude oil channels in South America and West Africa to reduce reliance on a single supplier. The proportion of crude oil procurement from the Middle East will rise to 66% by 2025. In 2022, the company reported a loss of 1.612 billion yuan, and the board decided not to distribute a final dividend. The company will implement cost reduction and efficiency enhancement measures, optimize the crude oil procurement structure, control operating costs, and commit to an annual dividend ratio of no less than 30% of net profit

Stheadline

The situation in the Middle East has led to unstable crude oil supply. Shanghai Petrochemical: Striving to expand crude oil channels in South America, West Africa, and other regions

Sinopec Corp. expects the petrochemical industry to face rising costs and supply chain risks. The company's crude oil inventory remains at a reasonable level, with 65.75% of crude oil sourced from the Middle East. The pass-through of oil price costs will be affected by market and government regulation, and may not be fully compensated. Refining output is expected to reach 12 million tons by 2026, with capital expenditures of 6 billion RMB. The company will utilize bank loans to reduce financing costs, and the dividend policy remains unchanged, with a payout ratio of 30% of net profit

SHANGHAI PECHEM: The level of crude oil inventory is reasonable and may not be able to fully pass on the cost of oil prices