Ge Long Hui·2025-07-31 09:06Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) expects a significant decline in net profit for the first half of 2025, primarily due to adverse market conditions and falling oil prices [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, representing a year-on-year decrease of 39.5% to 43.7% [1] - The expected net profit, excluding non-recurring gains and losses, is projected to be between RMB 20 billion and RMB 21.5 billion, also reflecting a decline of 39.6% to 43.8% compared to the same period last year [1] Market Conditions - The company faces 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]