智通财经记者 | 田鹤琪 受国际原油价格大幅下跌、化工市场毛利低迷等因素影响，中国石化(600028.SH/00386.HK)上半年效益 有较大幅度下降。 8月21日晚，中国石化发布2025年半年度业绩报告。按中国企业会计准则编制的财务数据和指标，该公 司今年上半年实现营收1.41万亿元，同比下跌10.6%；归母净利润为214.83亿元，同比下跌39.8%；基本 每股收益为0.177亿元，同比下降40.2%。 同期，其经营活动产生的现金流量净额为610.16亿元，同比上升44.4%，主要归因于存货等营运资金净 占用减少。 中国石化当前面临较大的债务压力。截至今年6月底，其资产负债率为54.1%，提高了0.93个百分点；短 期债务为1164.72亿元，同比上涨32.7%；长期债务为2032.32亿元，同比上涨8.6%；一年内到期的非流 动负债为901.11亿元，同比上涨39.5%。 业绩承压的背后，是国际原油市场的显著波动。今年上半年，国际原油价格震荡下行，普氏布伦特原油 现货均价为71.7美元/桶，同比下降14.7%。 尽管业绩不佳，中国石化仍派发中期分红。董事会决定按照《公司章程》规定的上限，派发2025年 ...

★ 宏观动态 ★ 商务部：今年1—7月农村网络零售额同比增长6.4% 在今天（8月21日）举行的商务部例行新闻发布会上，商务部新闻发言人表示，近年来，在各地各部门 共同努力下，农村电商高质量发展取得积极成效。一是农产品销售和农民增收有效促进。2025年1—7 月，农产品网络零售额同比增长7.4%，今年上半年农村居民人均可支配收入同比增长6.2%。二是农村 消费市场不断繁荣。电商带动农村商品服务供给进一步丰富，农民足不出户就能买到物美价廉的商品。 2025年1—7月，农村网络零售额同比增长6.4%。 国家能源局：2025年7月份全社会用电量同比增长8.6% 8月21日，国家能源局发布7月份全社会用电量等数据。7月份，全社会用电量10226亿千瓦时，同比增长 8.6%。从分产业用电看，第一产业用电量170亿千瓦时，同比增长20.2%；第二产业用电量5936亿千瓦 时，同比增长4.7%；第三产业用电量2081亿千瓦时，同比增长10.7%；城乡居民生活用电量2039亿千瓦 时，同比增长18.0%。1—7月，全社会用电量累计58633亿千瓦时，同比增长4.5%，其中规模以上工业 发电量为54703亿千瓦时。从分产业用电 ...

业绩披露 每经记者｜陈晴 每经编辑｜文多 博济医药：控股股东及其一致行动人拟减持不超公司3%的股份 博济医药公告，控股股东王廷春及一致行动人拟于2025年9月12日至2025年12月11日，通过大宗交易或 集中竞价合计减持不超过1148.65万股公司股份，即不超过公司总股本的3.00%。 吉视传媒：上半年净亏损2.32亿元 吉视传媒公告，2025年上半年营业收入为9.97亿元，同比增长8.70%，归母净利润为亏损2.32亿元，上 年同期公司净亏损1.95亿元。 中国石化：上半年归母净利润为214.83亿元 中国石化公告，2025年上半年营业收入为1.41万亿元，同比下降10.6%，归母净利润为214.83亿元，同 比下降39.8%。 宝丰能源：上半年归母净利润同比增长73.02% 宝丰能源公告，2025年上半年营业收入为228.20亿元，同比增长35.05%，归母净利润为57.18亿元，同 比增长73.02%。 增减持 中银证券：江西铜业拟减持不超公司3%的股份 中银证券公告，截至公告披露日，股东江西铜业持有公司1.3亿股，占公司总股本的4.70%；因自身经营 发展需要，拟合计减持不超过8334万股，即不超公 ...

中国石化正加快加气和充换电网络发展。 上游国际原油价格大幅下跌、下游石油化工产品售价下滑共同拖累中国石化（600028.SH）上半年业绩。 具体到相关业务上，因石油石化产品价格以及成品油等产品销量下降，中国石化主营业务收入同比降低11%至1.38万亿元。第一财经记者注意到，中国石化 上半年主要外销的十大石油化工产品中，一半产品销售量同比下滑，原油、煤油、柴油产品跌幅居前；除了合成橡胶之外，所有主要外销产品平均售价下 滑，其中基础化工原料、煤油、柴油等跌幅居前。 在成品油消费达峰背景下，中国石化正在加快终端加气和充换电网络发展。公司称，虽然上半年成品油总经销量同比下滑5.8%，但其车用LNG经营量和充 电量同比大幅增长，液化天然气（LNG）零售市场占有率国内第一，销售液态LNG产品193.4万吨，同比增长61.8%，平均销售价同比增长1.7%至3811元/ 吨。 值得关注的是，今年5月末，中国石化作为全球最大基石投资者入股宁德时代，双方今年计划建设不少于500座换电站。据半年报，由于战略投资宁德时代股 权，中国石化上半年其他权益工具投资额同比大增1064%达48.43亿元。 8月21日晚间，中国石化披露半年报， ...

格隆汇8月21日丨中国石油化工股份(00386.HK)发布公告，2025年上半年，国际原油价格震荡下行，国 内汽柴油需求下降，化工毛利低迷。公司全面统筹生产经营一体化和区域优化、全力拓市扩销、深化挖 潜增效，多措并举应对市场变化，实现营业收入为人民币14,091亿元，同比降低10.6%；经营收益为人 民币334亿元，同比降低34.5%。2025年上半年归属于公司股东的利润为人民币238亿元，同比降低 35.9%。 ...

智通财经APP讯，中国石化(600028.SH)发布2025年半年度报告，按中国企业会计准则编制，报告期 内，公司实现营业收入1.41万亿元，同比下降10.6%。实现归属于母公司股东的净利润为人民币215亿 元，同比降低39.8%。 ...

Performance Summary - China Petroleum & Chemical Corporation (00386.HK) reported a revenue of 1,409.05 billion yuan, a decrease of 10.6% year-on-year, and a net profit of 21.483 billion yuan, down 39.8% year-on-year [2] - Kuaishou Technology (01024.HK) achieved a revenue of 67.654 billion yuan, an increase of 12.04% year-on-year, with a net profit of 8.9 billion yuan, up 9.9% year-on-year [2] - China National Pharmaceutical Group (01099.HK) recorded a revenue of 36.363 billion yuan, a decrease of 1.48% year-on-year, and a net profit of 295 million yuan, an increase of 1.02% year-on-year [2] - Miniso Group (09896.HK) reported a revenue of 9.393 billion yuan, a growth of 21.1% year-on-year, but a net profit of 906 million yuan, down 22.6% year-on-year [2] - Tuhu (09690.HK) had a revenue of 7.9 billion yuan, an increase of 10.5% year-on-year, with an adjusted net profit of 410 million yuan, up 14.6% year-on-year, and the number of stores increased to 7,205 [2] - Bilibili Inc. (09626.HK) reported a second-quarter revenue of 7.338 billion yuan, an increase of 19.76% year-on-year, and a net profit of 219 million yuan, turning from a loss of 609 million yuan in the same period last year [2] - Zaitong (00062.HK) achieved a revenue of 4.226 billion HKD, an increase of 3.98% year-on-year, and a net profit of 190 million HKD, up 57.94% year-on-year [2] - Xincheng Power (01148.HK) reported a revenue of 2.804 billion yuan, an increase of 7.06% year-on-year, but a net profit of 16.49 million yuan, down 25.49% year-on-year [2] - Fourth Paradigm (06682.HK) achieved a revenue of 2.626 billion yuan, an increase of 40.71% year-on-year, with an adjusted net loss of 44 million yuan, narrowing by approximately 71.2% from a loss of 152 million yuan in the same period last year [2] - Meilian Group (01200.HK) reported a revenue of 2.518 billion HKD, a decrease of 24.1% year-on-year, and a net profit of 151 million HKD, down 13% year-on-year [2] - Baisheng Group (03368.HK) achieved a revenue of 1.963 billion yuan, an increase of 0.93% year-on-year, and a net profit of 22.468 million yuan, turning from a loss of 18.641 million yuan in the same period last year [2] - Yuexiu Services (06626.HK) reported a revenue of approximately 1.962 billion yuan, a slight increase of 0.09% year-on-year, with a net profit of approximately 240 million yuan [2] - Yika (09923.HK) achieved a revenue of 1.64 billion yuan, an increase of 4% year-on-year, and a net profit of 43.075 million yuan, up 36.2% year-on-year [2] - Gaoweidianzi (01415.HK) reported a revenue of 1.36 billion USD, an increase of 132.2% year-on-year, with a net profit of 67.398 million USD, up approximately 320% year-on-year [2] - BOC Aviation (02588.HK) achieved a revenue of 1.242 billion USD, an increase of 6% year-on-year, but a net profit of 342 million USD, down 26% year-on-year [2] - Jiuxing Holdings (01836.HK) reported a revenue of 775 million USD, an increase of 0.7% year-on-year, but a net profit of 78.633 million USD, down 14.5% year-on-year [2] - Sinopec Kantons Holdings (00934.HK) reported a revenue of approximately 307 million HKD, a decrease of 7.2% year-on-year, and a net profit of approximately 563 million HKD, down 17.8% year-on-year [2] - Great Wall Holdings (00583.HK) issued a profit warning, expecting a mid-term net loss of 266 million to 294 million HKD, a significant shift from profit to loss [2] Company News - Shengye (06069.HK) has initiated a global strategic layout to build an AI + international supply chain technology platform [2] - Yuan Zheng Technology (02488.HK) plans to develop a strategic layout for equipment assetization and related RWA applications [2] - Oconview Biosciences (01477.HK) announced that the second Phase III clinical trial of OT-301 has reached its primary endpoint [2] Buyback Activities - Tencent Holdings (00700.HK) repurchased 928,000 shares at a cost of 551 million HKD, with a buyback price ranging from 590 to 597 HKD [2] - HSBC Holdings (00005.HK) repurchased approximately 1.33 million shares at a cost of about 132 million HKD, with a buyback price ranging from 98.6 to 99.55 HKD [2] - Techtronic Industries (00669.HK) repurchased approximately 25,000 shares at a cost of about 25.085 million HKD, with a buyback price ranging from 99.5 to 101.6 HKD [2] - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of 22.4935 million HKD, with a buyback price ranging from 111.8 to 112.8 HKD [2]

Group 1 - China Petroleum & Chemical Corporation (00386.HK) announced a mid-term dividend of RMB 0.088 per share for the fiscal year ending June 30, 2025, to be distributed on September 25, 2025 [1]

中国石油化工股份(00386)发布公告，将于2025年9月25日派发截至2025年6月30日止年度的中期股息每 股0.088元人民币。 ...

2025年上半年，公司实现主营业务收入为13,804亿元，同比降低10.7%。主要归因于石油石化产品价格 以及成品油等产品销量下降。 中国石油化工股份(00386)公布2025年中期业绩，营业收入为14090.5亿元，同比减少10.6%;归属于母公 司股东净利润为214.83亿元，同比减少39.8%;基本每股收益0.177元，中期现金股利每股0.088元。 ...