HK Stock Market Move | SINOPEC SSC (01033) opened over 8% higher, with a 4.3% year-on-year increase in net profit attributable to mothers in 25 years. The company is expected to continue to benefit from the strong oil engineering industry.

SINOPEC SSC (01033) opened more than 8% higher, rising 8.08% to 1.07 Hong Kong dollars as of the time of writing, with a trading volume of 10.37 million Hong Kong dollars. On the news front, recently, SINOPEC SSC announced its performance for 2025, with operating income of approximately 80.712 billion yuan, a decrease of 0.5% year-on-year; net profit attributable to shareholders of listed companies of approximately 659 million yuan, an increase of 4.3% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of approximately 451 million yuan, an increase of 237.9% year-on-year; and basic earnings per share of 0.035 yuan. In 2025, the company's total new contract value reached 95.6 billion yuan, an increase of 4.8% year-on-year, reaching a historical high. Among them, China Petroleum & Chemical Corporation Group's new contract value in the domestic market was 50.3 billion yuan, an increase of 7.0% year-on-year; the new contract value in the domestic and foreign external markets was 18.6 billion yuan, a decrease of 6.5% year-on-year; and the new contract value in overseas markets was 26.7 billion yuan, an increase of 9.9% year-on-year. EB SECURITIES pointed out that SINOPEC SSC's net profit attributable to owners and gross profit margin have steadily increased, and the quality of operation continues to improve. The bank believes that the petroleum engineering industry is in good shape, coupled with the company maintaining high upstream capital expenditure, and the company is expected to continue to benefit in the future. The situation in the Middle East is unpredictable, and the security of China's energy supply chain is facing challenges. The importance of ensuring the independence and controllability of China's energy supply is highlighted. The petroleum engineering industry is expected to maintain its prosperity.