Ge Long Hui·2026-01-19 10:25Core Viewpoint - Shanghai Petrochemical (600688.SH) is expected to report a net loss attributable to shareholders of approximately RMB 1.289 billion to RMB 1.576 billion for the year 2025, according to Chinese accounting standards [1] Financial Performance - The company anticipates a net loss of approximately RMB 1.280 billion to RMB 1.564 billion after excluding non-recurring gains and losses for the year 2025 [1] Reasons for Expected Loss - The primary reasons for the anticipated loss in 2025 include a general decline in international crude oil prices, lack of significant improvement in product market demand, reduced gross profit margins for major refining products, and the impact of major maintenance on production facilities in the fourth quarter, leading to a decrease in total commodity output [1]