HK Stock Market Move | SINOPEC SSC (01033) fell by more than 3% during trading, with increased research and development costs affecting performance. Net profit for the third quarter decreased by 20% year-on-year.

SINOPEC SSC (01033) fell more than 3% intraday, falling 2.5% by the time of writing, to HK$0.78, with a turnover of HK$484.513 million. On the news front, SINOPEC SSC released its performance for the first three quarters of 2025, with the group achieving operating income of 55.163 billion yuan, a year-on-year increase of 0.5%; net profit attributable to shareholders of the listed company was 669 million yuan, a year-on-year decrease of 1%. Looking at the third quarter alone, the company achieved total operating revenue of 18.1 billion yuan, a year-on-year increase of 0.3%, and achieved a net profit of 1.8 billion yuan, a year-on-year decrease of 21.2%. EB SECURITIES pointed out that the company achieved a net cash flow from operating activities of 3.1 billion yuan in the first three quarters, an increase of 4.7 billion yuan year-on-year, with a significant increase in cash flow; as of the end of September, the asset-liability ratio was 87.8%, a decrease of 0.29 percentage points year-on-year, indicating an improvement in the capital structure. In the third quarter of 2025, the company's research and development expenses were 460 million yuan, an increase of 249 million yuan year-on-year, and the provision of phased expenses had a certain impact on the company's quarterly performance.