CITIC Securities Maintains "Outperform" Rating on Sinopec with a Target Price of 5.2 Hong Kong Dollars

Citic Securities released a research report saying that China Petrochemical Corporation's performance in the fourth quarter of 2025 and the full year of 2025 fell below expectations, with a net profit of 32.5 billion RMB, a year-on-year decrease of 34%, lower than the bank's expectations and market consensus by 12% and 19% respectively. The net profit in the fourth quarter was only 400 million RMB, a year-on-year decrease of 89% and a quarterly decrease of 95%. The company's rating was maintained as "outperform the market" with a target price of 5.2 Hong Kong dollars.