Shanghai Petrochemical: Net profit expected to be a loss of 418 million to 511 million yuan in the first half of 2025.

Shanghai Petrochemical announced that it is expected to incur a net loss attributable to the parent company shareholders of approximately RMB 418 million to 511 million in the first half of 2025, and a net loss after deducting non-recurring gains and losses of approximately RMB 397 million to 486 million. The company stated that in the first half of 2025, with fluctuating crude oil prices and no significant improvement in product market demand, the narrowing price difference between major petrochemical products and raw material costs has squeezed profit margins. Specific data will be disclosed in the 2025 interim report.