每经AI快讯，上海石化1月19日晚间发布业绩预告，经中国石化上海石油化工股份有限公司（"公司"） 财务部门初步测算，预计公司及其附属公司截至2025年12月31日止归属于母公司股东的净亏损12.89亿 元到15.76亿元，与2024年同期相比将出现亏损；预计归属于母公司股东的扣除非经常性损益的净亏损 为人民币12.8亿元到人民币15.64亿元，与2024年同期相比将出现亏损。具体数据将在公司2025年年度报 告中予以披露。2025年国际原油价格总体震荡下行，产品市场需求未有明显改善，公司主要炼化产品毛 利空间缩减，叠加四季度公司生产装置大修影响，商品总量下降，上述原因综合导致公司经营亏损。 每经头条（nbdtoutiao）——短剧大爆发，吸纳69万人就业！一度送外卖的演员也找到工作：收入还算 可观但太累，剧组常备速效救心丸，拍睡觉戏真能睡着 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 （记者 曾健辉） ...

Core Viewpoint - Shanghai Petrochemical (600688.SH) is expected to report a net loss attributable to shareholders of approximately RMB 1.289 billion to RMB 1.576 billion for the year 2025, according to Chinese accounting standards [1] Financial Performance - The company anticipates a net loss of approximately RMB 1.280 billion to RMB 1.564 billion after excluding non-recurring gains and losses for the year 2025 [1] Reasons for Expected Loss - The primary reasons for the expected loss in 2025 include a general decline in international crude oil prices, lack of significant improvement in product market demand, reduced gross profit margins for major refining products, and the impact of major maintenance on production facilities in the fourth quarter, leading to a decrease in total commodity output [1]

公司代码：600688 公司简称：上海石化 编号：临 2026-003 产品名称 产量（万吨） 销量（万吨） 销售收入 （人民币千元） 炼油产品 柴油 246.97 244.74 15,479,375 汽油 312.13 312.19 24,656,133 航空煤油 注 1 225.09 131.71 6,427,361 化工产品 对二甲苯 68.07 68.10 4,094,974 苯 35.07 35.05 1,924,103 一、2025 年主要产品经营数据 | 乙二醇 | 4.23 | 4.17 | 159,500 | | --- | --- | --- | --- | | 环氧乙烷 | 11.67 | 11.30 | 606,917 | | 注 2 乙烯 | 60.71 | 0.40 | 24,196 | | 聚乙烯 | 53.00 | 52.87 | 3,977,634 | | 聚丙烯 | 40.13 | 40.12 | 2,893,202 | | 腈纶 | 2.47 | 2.48 | 310,384 | 注 1：销量不包括来料加工业务。 注 2：产销量差距部分为内部自用。 以上销量和销售收入数据 ...

证券代码：600688 股票简称：上海石化 公告编号：临 2026-004 中国石化上海石油化工股份有限公司 2025 年业绩预亏公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：经中国石化上海石油化工股份有限公司（"公司"）财务 部门初步测算，预计公司及其附属公司("本集团")截至 2025 年 12 月 31 日止 归属于母公司股东的净亏损约为人民币 12.89 亿元到人民币 15.76 亿元，与 2024 年同期（法定披露数据）相比将出现亏损；预计归属于母公司股东的扣除非经常 性损益的净亏损约为人民币 12.80 亿元到人民币 15.64 亿元，与 2024 年同期（法 定披露数据）相比将出现亏损。具体数据将在公司 2025 年年度报告中予以披露。 3、本次所预计的业绩未经注册会计师审计或审阅。 | | 按照中国企业会计准则 | | --- | --- | | 利润总额（人民币千元） | 428,835 | | 归 ...

Core Viewpoint - Shanghai Petrochemical (600688.SH) is expected to report a net loss attributable to shareholders of approximately RMB 1.289 billion to RMB 1.576 billion for the year 2025, according to Chinese accounting standards [1] Financial Performance - The company anticipates a net loss of approximately RMB 1.280 billion to RMB 1.564 billion after excluding non-recurring gains and losses for the year 2025 [1] Reasons for Expected Loss - The primary reasons for the anticipated loss in 2025 include a general decline in international crude oil prices, lack of significant improvement in product market demand, reduced gross profit margins for major refining products, and the impact of major maintenance on production facilities in the fourth quarter, leading to a decrease in total commodity output [1]

【上海石化：预计2025年净利润亏损12.89亿元-15.76亿元】智通财经1月19日电，上海石化(600688.SH) 公告称，上海石化发布2025年度业绩预告，预计归属于母公司股东的净亏损约为12.89亿元到15.76亿 元。本期同比转亏。报告期内，国际原油价格震荡下行，产品市场需求未明显改善，主要炼化产品毛利 空间缩减，叠加四季度生产装置大修导致商品总量下降，综合造成经营亏损。 转自：智通财经 ...

上海石化1月19日公告，按照中国企业会计准则，本集团预计2025年实现归属于母公司股东的净亏损约 为人民币12.89亿元到人民币15.76亿元。按照中国企业会计准则，本集团预计2025年归属于母公司股东 的扣除非经常性损益的净亏损约为人民币12.80亿元到人民币15.64亿元。 ...

上海石化公告，预计2025年归属于母公司股东的净亏损约为12.89亿元到15.76亿元，与2024年同期相比 将出现亏损。预计归属于母公司股东的扣除非经常性损益的净亏损约为12.8亿元到15.64亿元。2024年同 期归属于母公司股东净利润为3.17亿元，归属于母公司股东的扣除非经常性损益的净利润为3.38亿元。 本集团于2025年业绩预计出现亏损的主要原因如下：2025年国际原油价格总体震荡下行，产品市场需求 未有明显改善，公司主要炼化产品毛利空间缩减，叠加四季度公司生产装置大修影响，商品总量下降， 上述原因综合导致公司经营亏损。 ...

Group 1 - Since 2022, the chemical industry has faced price declines due to new capacity coming online and falling crude oil prices, leading to a decrease in overall profitability as companies adopt a price-for-volume strategy to capture market share [1] - In 2024, most chemical prices are stabilizing at low levels, with profitability still under pressure; however, the introduction of growth stabilization measures may lead to the elimination of some outdated capacities, improving the overall supply-demand balance and potentially enhancing product profitability [1] - According to Huatai Securities, by the second half of 2025, the profitability of bulk chemicals is expected to hit a ten-year low due to weak demand and the end of supply-side increases, with the current downturn resembling the bottom of the basic chemical sector in late 2015 [1] Group 2 - The chemical industry is characterized as a typical cyclical industry, usually experiencing a five-year cycle that includes phases of "profit upturn - capacity expansion - profit bottoming - capacity clearance/demand expectation improvement" [2] - With capital expenditure growth turning negative, anti-involution trends, global interest rate cuts, and domestic demand expansion, there is optimism for the chemical sector entering a "dawn" phase at the beginning of the 14th Five-Year Plan [2] - The chemical industry chain includes several Hong Kong-listed companies such as Sinopec (600028)(00386), Sinopec Oilfield Service (600871)(01033), and Shanghai Petrochemical (600688)(00338) [3]

Group 1 - Since 2022, the chemical industry has faced price declines due to new capacity coming online and falling crude oil prices, leading to a decrease in overall profitability as companies adopt a price-for-volume strategy to capture market share [1] - In 2024, most chemical prices are stabilizing at the bottom, with profitability still under pressure; however, the introduction of growth stabilization measures may lead to the elimination of some outdated capacities, improving the overall supply-demand balance and potentially enhancing product profitability [1] - According to Huatai Securities, by the second half of 2025, the profitability of bulk chemicals is expected to hit a ten-year low due to weak demand and the end of supply-side increments, similar to the industry losses seen at the end of 2015 [1] Group 2 - The chemical industry is characterized as a typical cyclical industry, usually experiencing a five-year cycle through stages of "profit upturn - capacity expansion - profit bottoming - capacity clearance/demand expectation improvement" [2] - With negative growth in capital expenditure, anti-involution trends, global interest rate cuts, and domestic demand expansion, the chemical sector is anticipated to enter a "dawn" phase at the beginning of the 14th Five-Year Plan [2] - Related Hong Kong stocks in the chemical industry include Sinopec (00386), Sinopec Oilfield Service (01033), Sinopec Engineering (02386), Shanghai Petrochemical (00338), Sinopec Kantons (00934), China Sanjiang Chemical (02198), and Wuhan Organic Chemicals (02881) [3]