Xin Lang Cai Jing·2025-07-31 14:57Group 1 - The core viewpoint of the news is that Sinopec expects a significant decline in net profit for the first half of 2025, primarily due to falling international oil prices and increased market competition [1] - Sinopec anticipates a net profit attributable to shareholders of 20.1 billion to 21.6 billion yuan, representing a year-on-year decrease of 39.5% to 43.7% [1] - The company's non-recurring net profit is projected to be between 20 billion and 21.5 billion yuan, also reflecting a decline of 39.6% to 43.8% compared to the previous year [1] Group 2 - In the first quarter of 2025, Sinopec reported an operating revenue of 735.36 billion yuan, a decrease of 6.9% year-on-year, and a net profit of 13.26 billion yuan, down 27.6% year-on-year [1] - The company’s oil and gas equivalent production reached 262.81 million barrels, marking a year-on-year increase of 2.0% [2] - The crude oil processing volume was 119.97 million tons, showing a decline of 5.3% year-on-year, while ethylene production increased by 16.4% to 7.563 million tons [2]