Sou Hu Cai Jing·2025-10-30 10:05Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) reported a decline in revenue and net profit for the first three quarters of 2025, indicating challenges in the current market environment [1][2]. Financial Performance - For the first three quarters of 2025, Sinopec's operating revenue was 2,113,441 million RMB, a year-on-year decrease of 10.7% [1]. - The net profit attributable to shareholders was 29,984 million RMB, down 32.2% year-on-year [1]. - Basic earnings per share were 0.247 RMB, reflecting a decrease of 32.5% compared to the previous year [1]. - Operating cash flow for the period was 114,782 million RMB, showing a year-on-year increase of 13.0% [1]. - Under international financial reporting standards, the revenue was the same at 2,113,441 million RMB, with a net profit of 32,065 million RMB, down 28.9% year-on-year [1]. Investment Activities - As of September 30, 2025, Sinopec's investments in other equity instruments amounted to 8,114 million RMB, a significant increase of 1,850.5% from 416 million RMB at the end of 2024, primarily due to strategic investment in CATL [2]. - Cash paid for investments in the first three quarters of 2025 was -6,606 million RMB, a decrease of 3,173 million RMB year-on-year, reflecting a 92.4% reduction, also influenced by the strategic investment [2]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 459,733, with 454,592 from domestic A-shares and 5,141 from overseas H-shares [2]. - The largest shareholder, China Petroleum & Chemical Corporation Group, held 68.58% of the shares, while Hong Kong Central Clearing (Nominee) Limited held 19.65% [2].