Shanghai Petrochemical Company Limited (00338.HK): Provision for impairment of approximately 417 million yuan is planned for the first half of 2025.

Zhtng cijng APP news, Shanghai Petrochemical Co., Ltd. (00338.HK) announced that, in order to objectively reflect the financial situation and operating results of the company for the first half of 2025, in accordance with the relevant provisions of the "Enterprise Accounting Standards" and other regulations, based on the prudence principle, the company conducted impairment testing on relevant assets that may have impairment indicators as of June 30, 2025. As a result of the testing, the company plans to make a total provision for impairment of RMB 417 million for the first half of 2025.