Xin Hua Cai Jing·2025-10-29 11:37Core Insights - China Petroleum & Chemical Corporation (Sinopec) reported a stable operational performance in the first three quarters of 2025, with a net profit attributable to shareholders of RMB 32.065 billion, and a third-quarter profit of RMB 8.313 billion, reflecting a year-on-year growth of 3.5% [1] - The company achieved a net cash flow from operating activities of RMB 114.782 billion, marking a 13.0% increase year-on-year, indicating a solid financial position [1] - Sinopec has been actively repurchasing shares to maintain company value and protect shareholder interests, with a total of 32.16 million A-shares and 96.97 million H-shares repurchased by September 30, 2025 [1] Upstream Business - The upstream segment focused on high-quality exploration and efficient development, achieving significant breakthroughs in offshore oil and gas, ultra-deep shale gas in the Sichuan Basin, and shale oil in southern Sichuan [2] - The company accelerated the construction of key crude oil production capacities and enhanced the development of natural gas production in various regions [2] - In the first three quarters, the total oil and gas equivalent production reached 55.5 million tons, a year-on-year increase of 2.2%, with domestic crude oil production at 26.94 million tons and natural gas production at 31.1 billion cubic meters, up 4.9% [2] Refining Business - The refining segment maintained an integrated operation model, optimizing device loads and increasing processing volumes for profitability [2] - Sinopec leveraged global resource allocation advantages to optimize procurement and inventory operations, reducing crude oil and raw material costs [2] - In the first three quarters, the company processed 186.41 million tons of crude oil, produced 111.08 million tons of refined oil, and generated 33.34 million tons of chemical light oil, reflecting a 10.0% year-on-year increase [2] Sales and Chemical Business - The refined oil sales segment capitalized on integrated and network advantages, expanding market reach and increasing the proportion of high-octane gasoline [3] - The company significantly increased its vehicle LNG operations and charging volumes, while also promoting hydrogen energy utilization in transportation [3] - In the first three quarters, domestic refined oil sales totaled 133.08 million tons, while the chemical segment focused on cost reduction and enhancing processing loads, achieving an ethylene production of 11.588 million tons and a total chemical product volume of 63.68 million tons [3]