Core Viewpoint - The company reported a decline in revenue and increased losses for the first half of 2025, attributed to external economic challenges and industry competition, while emphasizing ongoing efforts in high-quality development and innovation [5][21][22]. Company Overview - The company did not distribute profits for the first half of 2025 and did not implement capital reserve transfers to increase share capital [5][30]. - As of June 30, 2025, the company had a total debt balance reduced by RMB 11.82 billion compared to the beginning of the period [15]. Financial Performance - The company's revenue for the first half of 2025 was RMB 39.5 billion, a decrease of RMB 3.99 billion or 9.17% year-on-year [5]. - The pre-tax loss was RMB 583 million, compared to a profit of RMB 12 million in the same period last year, marking an increase in loss of RMB 595 million [5]. - The net loss after tax and non-controlling interests was RMB 449 million, an increase in loss of RMB 452 million compared to a profit of RMB 3 million in the previous year [5][12]. Production and Sales - The total production of main products was 5.5768 million tons, a decrease of 4.35% year-on-year [6]. - The company processed 6.3249 million tons of crude oil, including 556,400 tons of processing, a decrease of 4.93% year-on-year [6]. - The sales net for the first half of 2025 was RMB 33.498 billion, a decline of 10.66% year-on-year, with refining and chemical sales net decreasing by 16.14% and 3.21% respectively [10]. Cost Management - The company's sales cost was RMB 34.139 billion, a decrease of 9.11% year-on-year, accounting for 101.91% of sales net [10]. - The crude oil processing cost was RMB 23.085 billion, a reduction of RMB 2.735 billion year-on-year, with the unit processing cost decreasing by 8.67% [11]. Strategic Initiatives - The company is focusing on safety and environmental management, aiming to achieve a green enterprise rating and enhance risk management [21][22]. - The company is accelerating project construction and technological upgrades, including the clean efficiency improvement of thermal power units and the development of high-performance carbon fiber [8][22]. Market Outlook - The company anticipates a challenging market environment in the second half of 2025, with a focus on optimizing operations and enhancing innovation to drive growth [21][22].

Core Points - Shanghai Petrochemical Company (00338) reported a revenue of approximately 39.523 billion yuan for the first half of 2025, representing a year-on-year decrease of 9.21% [1] - The company experienced a net loss attributable to shareholders of approximately 462 million yuan, a shift from profit to loss compared to the previous year [1] - Basic loss per share was 0.044 yuan [1] Production and Sales Summary - The total production of main products was 5.5768 million tons, a decrease of 4.35% year-on-year [1] - The company processed a total of 6.3249 million tons of crude oil (including 556,400 tons of processing for others), down 4.93% from the same period last year [1] - The production of finished oil was 3.9929 million tons (including 449,900 tons of processing for others), a year-on-year decrease of 6.81% [1] - Gasoline production was 1.6681 million tons, a slight increase of 0.14% year-on-year; diesel production was 1.1987 million tons, down 13.56%; and aviation kerosene production was 1.1261 million tons, down 8.62% [1] - Ethylene production increased by 24.34% to 273,300 tons; paraxylene production was 352,900 tons, up 1.20%; while the production of plastic resins and copolymers decreased by 3.21% to 457,700 tons [1] - Synthetic fiber production increased by 5.07% to 14,500 tons [1] - The company's product sales rate was 99.94%, and the collection rate of payments (excluding related enterprises) was 100% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sinopec Shanghai Petrochemical Company Limited 中國石化上海石油化工股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：00338） 海外監管公告 本公告乃依據《香港聯合交易所有限公司證券上市規則》第13.10B條的披露義務而作出。 茲載列本公司在上海證券交易所網站刊登的公告。 承董事會命 中國石化上海石油化工股份有限公司 聯席公司秘書 劉剛 中國，上海，2025年8月20日 於本公告刊登日，本公司的執行董事為郭曉軍、杜軍及黃翔宇；本公司的非執行董事為 解正林及秦朝暉；及本公司的獨立非執行董事為唐松、陳海峰、楊鈞、周穎及黃江東。 中国石化上海石油化工股份有限公司 2025 年半年度报告 公司代码：600688 公司简称：上海石化 中国石化上海石油化工股份有限公司 2025 年半年度报告 重要提示 公司已在本报告中详细描述可能存在的风险，敬请 ...

Core Viewpoint - Shanghai Petrochemical (600688.SH) reported a decline in revenue and a net loss for the first half of 2025, indicating challenges in its operational performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 39.523 billion yuan, a year-on-year decrease of 9.21% [1] - The net loss attributable to shareholders was 462 million yuan, with a net loss of 439 million yuan after excluding non-recurring items [1] - Basic loss per share was 0.044 yuan [1] Production and Sales - Total production of main products was 5.5768 million tons, a decrease of 4.35% compared to the same period last year [1] - Crude oil processed amounted to 6.3249 million tons (including 556,400 tons of processing), down 4.93% year-on-year [1] - Finished oil production was 3.9929 million tons (including 449,900 tons of processing), a year-on-year decrease of 6.81% [1] - Gasoline production was 1.6681 million tons, a slight increase of 0.14% year-on-year; diesel production was 1.1987 million tons, down 13.56%; aviation kerosene production was 1.1261 million tons, down 8.62% [1] - Ethylene production increased by 24.34% to 273,300 tons; paraxylene production increased by 1.20% to 352,900 tons; production of plastic resins and copolymers decreased by 3.21% to 457,700 tons [1] - Synthetic fiber production was 14,500 tons, reflecting a growth of 5.07% [1] Operational Efficiency - The product sales rate for the first half of the year was 99.94%, with a cash collection rate (excluding related parties) of 100% [1]