智通财经网·2025-07-31 09:01Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) expects a significant decline in net profit for the first half of 2025, projecting a range of RMB 20.1 billion to RMB 21.6 billion, which represents a decrease of 39.5% to 43.7% compared to the same period last year [1] Group 1: Financial Performance - The projected net profit for the first half of 2025 is between RMB 20.1 billion and RMB 21.6 billion [1] - This represents a year-on-year decline of 39.5% to 43.7% [1] Group 2: Operational Challenges - The company is facing severe and complex operational conditions [1] - Sinopec has intensified efforts to optimize production and control costs strictly [1] Group 3: Market Influences - The decline in net profit is attributed to several factors, including a significant drop in international oil prices, intense competition in the oil and petrochemical markets, and low margins in the chemical market [1]