Sou Hu Cai Jing·2025-08-23 18:01Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has reported a decline in both revenue and net profit for the first half of 2025, alongside a decrease in the number of shareholders, while also announcing a share buyback plan and a cash dividend distribution [1][2][3]. Shareholder Changes - As of June 30, 2025, Sinopec had 450,900 shareholders, a decrease of 7,961 or 1.73% from March 31, 2025 [1]. - The average number of shares held per shareholder increased from 211,900 to 215,600, with an average holding value of 1.2162 million yuan [1]. Financial Performance - For the first half of 2025, Sinopec reported total revenue of 1,409.052 billion yuan, a year-on-year decrease of 10.6% [1]. - The net profit attributable to shareholders was 21.483 billion yuan, down 39.83% year-on-year [1]. - The second quarter of 2025 saw a revenue of 673.696 billion yuan, a decline of 14.31% year-on-year, and a net profit of 8.219 billion yuan, down 52.73% year-on-year [1]. Dividend Distribution - Sinopec announced a cash dividend of 0.088 yuan per share (before tax) for the first half of 2025, totaling approximately 10.67 billion yuan based on the current total share capital [2][3]. Share Buyback Plan - Sinopec plans to repurchase A-shares using between 500 million and 1 billion yuan of its own funds, with the buyback price capped at the average trading price over the previous 30 trading days [3][4]. - The estimated number of shares to be repurchased ranges from approximately 57.34 million to 114.68 million, representing about 0.05% to 0.09% of the total issued share capital [4].