SINOPEC CORP (00386) releases annual performance with a net profit attributable to shareholders of 31.809 billion yuan, a year-on-year decrease of 36.8%.

SINOPEC CORP (00386) released its annual results for the year ending December 31, 2025. The company achieved operating revenue of 27,835.83 billion yuan (RMB, same unit), a decrease of 9.5% year-on-year; net profit attributable to shareholders was 31.809 billion yuan, a decrease of 36.8% year-on-year; basic earnings per share were 0.262 yuan. It is proposed to distribute a final cash dividend of 0.112 yuan per share (inclusive of tax). The announcement stated that in 2025, the company's main operating revenue was 272.65 billion yuan, a decrease of 9.6% year-on-year. This was mainly due to the decrease in prices of petroleum and petrochemical products, as well as the sales volume of finished oil products. The majority of the crude oil and a small amount of natural gas produced by the company are used for the company's refining, chemical, and automotive natural gas sales business, with the remainder exported to other customers. In 2025, the operating revenue from the export of crude oil, natural gas, and other upstream products was 157.9 billion yuan (5.7% of the company's operating revenue), a decrease of 10.2% year-on-year, mainly due to the decrease in crude oil prices and export volumes. In 2025, the refining division and the marketing and distribution division of the company achieved operating revenue from the export of petroleum products (mainly including finished oil and other refined petroleum products) of 161.69 billion yuan (58.1% of the company's operating revenue), a decrease of 11.7% year-on-year. This was mainly due to the decrease in the quantity and price of gasoline and diesel. The sales revenue of gasoline, diesel, and kerosene was 133.9 billion yuan (82.8% of the revenue from petroleum products sales), a decrease of 12.4% year-on-year; the sales revenue of other refined petroleum products was 27.79 billion yuan (17.2% of the revenue from petroleum products sales), a decrease of 8.4% year-on-year. In 2025, the company's revenue from the sale of chemical products to external customers was 378 billion yuan (13.6% of the company's operating revenue), a decrease of 9.6% year-on-year. This was mainly due to the decrease in product prices.