Ge Long Hui·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, representing a 39% decrease compared to the same period last year [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of RMB 20.1 billion to RMB 21.6 billion for the first half of 2025 [1] - This projected profit reflects a 39% decline compared to the same period in the previous year [1] Group 2: Operational Challenges - The company is facing a challenging operating environment, characterized by a significant drop in international crude oil prices, intense competition in the oil and petrochemical markets, and low margins in the chemical market [1] - In response to these challenges, the company is intensifying efforts to optimize production and operations while strictly controlling costs and expenses [1]