Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) reported a decline in both revenue and profit amid falling international oil prices and accelerated energy transition, but achieved a significant increase in operating cash flow by 44.4% [1][2][3] Financial Performance - Revenue for the first half of 2025 was 1.41 trillion yuan, a decrease of 10.6% year-on-year, primarily due to the drop in international oil prices and weak demand for refined oil products [2][3] - Total profit decreased by 43.4% to 28.77 billion yuan, with net profit attributable to shareholders dropping by 39.8% to 21.48 billion yuan [1][3][7] - Operating cash flow reached 61 billion yuan, reflecting a 44.4% increase compared to the previous year [1][3][7] - Earnings per share fell by 40.2% to 0.177 yuan [3] Production and Sales - Oil and gas equivalent production reached 263 million barrels, marking a 2.0% year-on-year increase and setting a historical record for the same period [1][4][7] - Crude oil processing volume was 120 million tons, down 5.3% year-on-year, while total refined oil sales volume decreased by 5.8% to 112 million tons [4][7] - Ethylene production increased by 16.4% to 7.563 million tons [4] Strategic Initiatives - Despite challenges, Sinopec set higher production targets for the second half of the year, aiming for crude oil processing of 130 million tons and refined oil sales of 89.8 million tons [1][8] - The company plans to focus capital expenditures on key areas, with 63% of the 43.8 billion yuan allocated to exploration and development [8] - Major projects, such as the Maoming refinery upgrade and the 1.5 million-ton ethylene project in Zhenhai, are progressing well, supporting the company's transition to high-end chemical materials [9] Market Conditions - The decline in revenue was influenced by a 14.7% drop in the average Brent crude oil price to 71.7 USD per barrel and a 3.6% decrease in domestic refined oil consumption [2][7] - The refining segment faced significant pressure, with operating income dropping by 50.4% to 3.5 billion yuan, while the chemical segment reported a loss of 4.2 billion yuan due to industry overcapacity [7][11]

Core Insights - China Petroleum & Chemical Corporation (Sinopec) reported a robust performance for the first half of 2025, with operating revenue reaching 1.4 trillion yuan and net profit attributable to shareholders at 23.75 billion yuan, indicating a strong financial position [1] - The company announced a cash dividend of 0.088 yuan per share, with a payout ratio of 49.7% based on Chinese accounting standards, reflecting its commitment to shareholder returns [1] - A new share buyback plan was approved by the board, with all repurchased shares to be canceled, demonstrating a focus on maintaining company value and shareholder interests [1] Production and Operations - Sinopec processed 120 million tons of crude oil and produced 71.4 million tons of refined oil, alongside 22.06 million tons of chemical light oil, marking an 11.5% year-on-year increase [2] - The company achieved a total oil and gas equivalent production of 262.81 million barrels, a 2% increase year-on-year, with domestic crude oil production at 126.73 million barrels and natural gas production at 736.28 billion cubic feet, up 5.1% [1] - Sinopec is actively transforming into a comprehensive energy service provider, focusing on "oil, gas, hydrogen, electricity, and services" [2] Innovation and Technology - The company has made significant advancements in key core technologies, establishing a national-level innovation platform in the energy sector [2] - Breakthroughs in non-homogeneous composite drive technology have significantly improved recovery rates, and the development of the Geodrill intelligent drilling software system has been achieved [2]

股票代码：600028 股票简称：中国石化 公告编号：2025-34 中国石油化工股份有限公司 中国石化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。 重要内容提示： ? 每股分配比例：2025年半年度A股每股派发现金股利人民币0.088元（含税）。 ? 本次利润分配以股权登记日2025年9月11日（星期四）当日登记的总股本为 基数。 ? 如股权登记日前公司总股本发生变动的，拟维持每股分配比例不变，相应调 整分配总额，并将在相关公告中披露。 一、利润分配方案内容 按照中国企业会计准则，截至2025年6月30日，中国石油化工股份有限公司（简 称"中国石化"或"公司"）母公司报表中期末未分配利润为人民币1,060.43亿元。 经公司第九届董事会第八次会议决议，公司2025年半年度拟以实施分红派息股权登 记日即2025年9月11日（星期四）（简称"股权登记日"）当日登记的总股本为基数 进行利润分配。本次利润分配方案如下： 公司拟以股权登记日当日登记的总股本为基数，每股派发现金股利人民币0.088 元（含税）。若根据截至本公告日的总股本12 ...

股票代码：600028 股票简称：中国石化 公告编号：2025-32 中国石油化工股份有限公司 中国石化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。 中国石油化工股份有限公司（简称"中国石化"或"公司"）第九届董事会第八 次会议（简称"会议"）于 2025 年 7 月 31 日以书面形式发出通知，2025 年 8 月 11 日以书面形式发出会议材料，2025 年 8 月 21 日以现场方式在北京召开。 应出席会议的董事 12 人，实际出席会议的董事 12 人。会议由公司董事长侯启军 先生主持。公司全体监事会成员和部分高级管理人员列席了会议。会议的召集和召开 符合有关法律和《中国石油化工股份有限公司章程》的规定。 出席会议的董事以逐项表决方式审议并批准如下事项及议案： 一、选举侯启军先生为公司董事长。 二、关于 2025 年上半年主要目标任务完成情况及下半年重点工作安排的报告。 三、关于 2025 年上半年经营业绩、财务状况及相关事项的说明。 四、2025 年半年度利润分配方案。 董事会综合考虑股东回报、公司盈利情况、现金流状况以及 ...

Group 1 - Xiamen Tungsten's revenue for the first half of 2025 reached 19.178 billion yuan, an increase of 11.75% year-on-year [1] - Xiamen Tungsten's net profit attributable to shareholders decreased by 4.37% year-on-year to 972 million yuan [1] - Xiamen Tungsten plans to distribute a cash dividend of 1.84 yuan per 10 shares [1] Group 2 - Sinopec's revenue for the first half of 2025 was 1.41 trillion yuan, a decrease of 10.6% year-on-year [1][2] - Sinopec's net profit attributable to shareholders fell by 39.8% year-on-year to 21.483 billion yuan [1][2] - Sinopec's basic earnings per share were 0.177 yuan [1] Group 3 - Xinhua Department Store's revenue for the first half of 2025 was 3.254 billion yuan, a decrease of 0.99% year-on-year [3][4] - Xinhua Department Store's net profit attributable to shareholders decreased by 2.52% year-on-year to 86.08 million yuan [3][4] - Xinhua Department Store plans to distribute a cash dividend of 1 yuan per 10 shares [3] Group 4 - Huaqin Technology's revenue for the first half of 2025 reached 516 million yuan, an increase of 6.44% year-on-year [5][6] - Huaqin Technology's net profit attributable to shareholders decreased by 32.45% year-on-year to 146 million yuan [5][6] - Huaqin Technology plans to distribute a cash dividend of 1.3 yuan per 10 shares [5] Group 5 - Tianhao Energy's revenue for the first half of 2025 was 1.372 billion yuan, a decrease of 32.15% year-on-year [7] - Tianhao Energy's net profit attributable to shareholders decreased by 32.08% year-on-year to 69.01 million yuan [7] - Tianhao Energy's basic earnings per share were 0.0798 yuan [7] Group 6 - Wanliyang's revenue for the first half of 2025 reached 2.812 billion yuan, an increase of 2.69% year-on-year [8][9] - Wanliyang's net profit attributable to shareholders increased by 50.24% year-on-year to 277 million yuan [8][9] - Wanliyang's basic earnings per share were 0.21 yuan [8] Group 7 - Kede CNC's revenue for the first half of 2025 was 295 million yuan, an increase of 15.24% year-on-year [10] - Kede CNC's net profit attributable to shareholders increased by 1.27% year-on-year to 49.06 million yuan [10] - Kede CNC's basic earnings per share were 0.4582 yuan [10] Group 8 - Saifutian's revenue for the first half of 2025 reached 1.06 billion yuan, an increase of 62.41% year-on-year [11] - Saifutian achieved a net profit of 3.08 million yuan, recovering from a loss of 12.49 million yuan in the previous year [11] - Saifutian's basic earnings per share were 0.01 yuan [11] Group 9 - Funeng's revenue for the first half of 2025 was 6.369 billion yuan, a decrease of 4.44% year-on-year [13][14] - Funeng's net profit attributable to shareholders increased by 12.48% year-on-year to 1.337 billion yuan [13][14] - Funeng plans to distribute a cash dividend of 0.73 yuan per 10 shares [13] Group 10 - Ningbo Shipping reported a net loss of 39.23 million yuan for the first half of 2025 [15][16] - Ningbo Shipping's revenue for the first half of 2025 was 1.157 billion yuan, an increase of 11.33% year-on-year [15][16] - Ningbo Shipping's basic earnings per share were a loss of 0.0325 yuan [15] Group 11 - Samsung Medical's revenue for the first half of 2025 reached 7.972 billion yuan, an increase of 13.93% year-on-year [17][18] - Samsung Medical's net profit attributable to shareholders increased by 6.93% year-on-year to 1.23 billion yuan [17][18] - Samsung Medical plans to distribute a cash dividend of 4.85 yuan per 10 shares [17] Group 12 - Huiding Technology's revenue for the first half of 2025 was 2.251 billion yuan, a decrease of 0.20% year-on-year [20] - Huiding Technology's net profit attributable to shareholders increased by 35.74% year-on-year to 431 million yuan [20] - Huiding Technology plans to distribute a cash dividend of 0.15 yuan per share [20] Group 13 - Baihua Pharmaceutical's revenue for the first half of 2025 reached 202 million yuan, an increase of 2.95% year-on-year [21] - Baihua Pharmaceutical's net profit attributable to shareholders increased by 12.45% year-on-year to 25.48 million yuan [21] - Baihua Pharmaceutical's basic earnings per share were 0.0663 yuan [21] Group 14 - Stanley's revenue for the first half of 2025 was 6.391 billion yuan, an increase of 12.66% year-on-year [22][23] - Stanley's net profit attributable to shareholders increased by 18.9% year-on-year to 607 million yuan [22][23] - Stanley plans to distribute a cash dividend of 0.45 yuan per 10 shares [22] Group 15 - Duoli Technology's revenue for the first half of 2025 reached 1.734 billion yuan, an increase of 13.15% year-on-year [24] - Duoli Technology's net profit attributable to shareholders decreased by 28.13% year-on-year to 157 million yuan [24] - Duoli Technology's basic earnings per share were 0.51 yuan [24] Group 16 - Datang Telecom reported a net loss of 81.17 million yuan for the first half of 2025 [25][26] - Datang Telecom's revenue for the first half of 2025 was 275 million yuan, a decrease of 3.32% year-on-year [25][26] - Datang Telecom's basic earnings per share were a loss of 0.0623 yuan [25] Group 17 - Niuwei Co.'s revenue for the first half of 2025 reached 3.404 billion yuan, an increase of 19.96% year-on-year [27][28] - Niuwei Co.'s net profit attributable to shareholders increased by 30.44% year-on-year to 637 million yuan [27][28] - Niuwei Co. plans to distribute a cash dividend of 5.8 yuan per 10 shares [27] Group 18 - ST Zhiyun reported a net loss of 106 million yuan for the first half of 2025 [29][30] - ST Zhiyun's revenue for the first half of 2025 was 89.13 million yuan, a decrease of 63.59% year-on-year [29][30] - ST Zhiyun's basic earnings per share were a loss of 0.37 yuan [29] Group 19 - Huace Testing's revenue for the first half of 2025 reached 2.96 billion yuan, an increase of 6.05% year-on-year [31] - Huace Testing's net profit attributable to shareholders increased by 7.03% year-on-year to 467 million yuan [31] - Huace Testing plans to distribute a cash dividend of 0.5 yuan per 10 shares [31] Group 20 - Taixiang's revenue for the first half of 2025 was 219 million yuan, an increase of 6.57% year-on-year [32] - Taixiang's net profit attributable to shareholders increased by 16.12% year-on-year to 25.30 million yuan [32] - Taixiang's basic earnings per share were 0.2533 yuan [32] Group 21 - Huayi Technology applied for a credit line of up to 165 million yuan from HSBC [33][34] - Huayi Technology will use real estate as collateral for the credit line [33][34] Group 22 - Hengong Precision plans to use up to 70 million yuan of idle raised funds for cash management [35][36] - Hengong Precision will invest in high-security, high-liquidity products with a term not exceeding 12 months [35][36] Group 23 - Tianhe's financial assistance to its associate company has not been repaid [37] - Tianhe provided 243,200 yuan in financial assistance to its associate company [37] Group 24 - Spring and Autumn Electronics' revenue for the first half of 2025 reached 1.926 billion yuan, an increase of 2.62% year-on-year [38] - Spring and Autumn Electronics' net profit attributable to shareholders increased by 248.44% year-on-year to 93.31 million yuan [38] - Spring and Autumn Electronics' basic earnings per share were 0.21 yuan [38] Group 25 - Kingsoft Office's revenue for the first half of 2025 was 2.657 billion yuan, an increase of 10.12% year-on-year [39][40] - Kingsoft Office's net profit attributable to shareholders increased by 3.57% year-on-year to 747 million yuan [39][40] Group 26 - Yanjinpuzi's revenue for the first half of 2025 reached 2.941 billion yuan, an increase of 19.58% year-on-year [41] - Yanjinpuzi's net profit attributable to shareholders increased by 16.70% year-on-year to 373 million yuan [41] Group 27 - Muyuan's revenue for the first half of 2025 was 76.463 billion yuan, an increase of 34.46% year-on-year [43][44] - Muyuan's net profit attributable to shareholders increased by 1169.77% year-on-year to 10.53 billion yuan [43][44] - Muyuan plans to distribute a cash dividend of 9.32 yuan per 10 shares [43][44] Group 28 - Tianwei Food is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [45][46] Group 29 - Alloy Investment's shareholder plans to reduce their stake by no more than 3% [47] - Alloy Investment's shareholder plans to sell up to 11.5531 million shares [47] Group 30 - Rongzhi Rixin's controlling shareholder plans to reduce their stake by no more than 3% [48] - Rongzhi Rixin's controlling shareholder plans to sell up to 1.2318 million shares [48] Group 31 - Yijiahe's shareholders plan to reduce their stake by no more than 2% [49] - Yijiahe's shareholders plan to sell up to 409.72 million shares [49] Group 32 - Dongfeng Group adjusted the upper limit of its share repurchase price to 6.28 yuan per share [50] Group 33 - Jingu's revenue for the first half of 2025 reached 2.123 billion yuan, an increase of 10.04% year-on-year [51] - Jingu's net profit attributable to shareholders increased by 45.36% year-on-year to 30.27 million yuan [51] Group 34 - Yibai Pharmaceutical reported a net loss of 19.9 million yuan for the first half of 2025 [52] - Yibai Pharmaceutical's revenue for the first half of 2025 was 999 million yuan, a decrease of 14.99% year-on-year [52] Group 35 - Yonghui Supermarket reported a net loss of 241 million yuan for the first half of 2025 [53] - Yonghui Supermarket's revenue for the first half of 2025 was 29.948 billion yuan, a decrease of 20.73% year-on-year [53] Group 36 - Suotong Development's net profit increased by 1568.52% year-on-year to 523 million yuan [54] - Suotong Development's revenue for the first half of 2025 was 8.306 billion yuan, an increase of 28.28% year-on-year [54]

来源：上交所网站 转自：北京日报客户端 8月21日下午，中国石化公告，公司第九届董事会第八次会议决议：选举侯启军为公司董事长。指定侯 启军担任战略委员会主任委员、提名委员会委员；赵东担任可持续发展委员会主任委员；蔡勇担任审计 委员会委员；其他专门委员会成员不作调整。 ...

人民财讯8月21日电，中国石化（600028）消息，中国石化江汉油田红星页岩气田1650.25亿立方米页岩 气探明储量，顺利通过自然资源部审定，标志着我国又一大型页岩气田正式诞生，进一步证明红星地区 具有良好的资源潜力。 ...

董事会决定派发本次中期股息每股0.088元，现金派息率达到49.7%。据悉，董事会同时批准了新一轮股 份回购方案，旨在维护公司价值。公司拟使用不低于5亿元、不超过10亿元的自有资金和回购专项贷 款，通过上交所系统以集中竞价交易方式回购A股股票。 回购价格不高于董事会通过决议前30个交易日股票交易均价的150%。本次回购股份期限自董事会批准 方案之日起不超过3个月。按回购股份价格上限8.72元/股测算，预计回购A股股份数量约为5733.94万股 至11467.89万股。回购的股份将全部注销并减少注册资本。 生产经营方面，中国石化充分发挥一体化优势，深化挖潜降本措施。公司生产经营总体保持平稳运行， 改革、管理、创新、发展等各方面工作取得新成效。报告期内，公司实现油气当量产量262.81百万桶， 同比增长2.0%。 中国石化8月21日发布2025年中期业绩报告，公司上半年营业收入达1.4万亿元。按照国际财务报告准 则，公司股东应占利润为237.5亿元。报告期内，公司经营活动现金流保持充裕，整体财务状况呈现稳 健态势。 其中境内原油产量达到126.73百万桶，天然气产量为7362.8亿立方英尺，同比增长5.1%。炼化 ...

8月21日下午，中国石化公告，公司第九届董事会第八次会议决议：选举侯启军为公司董事长。指定侯 启军担任战略委员会主任委员、提名委员会委员；赵东担任可持续发展委员会主任委员；蔡勇担任审计 委员会委员；其他专门委员会成员不作调整。 ...

新华财经北京8月21日电（记者安娜）中国石油化工股份有限公司（简称"中国石化"）21日发布的2025 年中期业绩报告显示，按照国际财务报告准则，公司上半年实现营业收入1.4万亿元，公司股东应占利 润237.5亿元，经营活动现金流充裕，财务状况稳健。公司董事会决定派发2025年中期现金股利每股 0.088元。 记者从中国石化获悉，为维护公司价值及股东权益，公司董事会批准新一轮股份回购方案，回购股份将 全部注销。此外，基于对股份公司未来发展前景的信心和长期投资价值的认可，控股股东中国石化集团 于2025年4月8日作为首家央企启动新一期30亿元大额增持计划，今年上半年累计增持股份公司A股、H 股约3.3亿股，投入资金近13亿元。 分业务板块来看，这份中期业绩报告显示，上半年，中国石化上游业务增储增产降本增效取得新进展， 国内油气当量产量创历史同期新高。公司加强高质量勘探和效益开发，在海域油气、四川盆地超深层页 岩气等勘探取得重大突破，济阳、塔河、准西等原油重点产能建设加快推进，积极推进海域、顺北二 区、四川盆地须家河组等天然气重点产能建设，加强天然气产供储销一体协同创效，全产业链盈利创历 史同期最好水平。上半年，中 ...