HK Stock Market Move | Sinopec Shanghai Petrochemical (00338) fell more than 5%, with an annual attributable loss to shareholders of 1.433 billion yuan. Prices of most products in the petrochemical industry are under pressure.

Sinopec Shanghai Petrochemical (00338) fell by more than 5%, dropping by 4.38% to 1.31 Hong Kong dollars as of the time of publication, with a turnover of 2030.34 million Hong Kong dollars. On the news front, on March 18, Sinopec Shanghai Petrochemical released its annual performance report for 2025, with the group achieving revenue of 75.513 billion yuan (same unit), a decrease of 13.26% year-on-year; a net loss attributable to the parent company's shareholders of 1.433 billion yuan, a year-on-year change from profit to loss; and a loss per share of 0.153 yuan. The announcement stated that the group's refining product sales volume in 2025 decreased by 9.62% compared to the previous year, leading to a decrease in the group's operating income compared to the previous year. In 2025, international crude oil prices fluctuated and fell, and the overall performance of the Petrochina chemical industry showed a weak trend, with prices of most products under pressure and significant structural differentiation. As of December 31, 2025, the weighted average prices (excluding taxes) of the group's refining and chemical products decreased by 8.31% and 13.36% respectively compared to the previous year.