Lates News

During the performance briefing in the first quarter of 2025, Sinopec's Chief Financial Officer, Shou Donghua, responded to the company's 69.9% year-on-year decline in investment income to 16.47 billion yuan and a loss of 3.825 billion yuan. He stated that Sinopec's implementation of commodity financial derivatives business complies with regulatory requirements for financial derivatives business, and in coordination with the needs of physical operations, operates in a regulated manner to achieve the goal of stabilizing price fluctuations and preventing market risks. The healthy and stable operation of the company's derivatives business in the first quarter, with the profit and loss fluctuations in hedging transactions in investment income being reflected in accounting. Additionally, Sinopec's joint venture companies mainly focus on downstream business, with a slight decline in performance compared to the same period last year. (Yi Cai)