Guangzhou (JLC), October 30, 2025--Sinopec recorded a slump of 32.2% in its net profit in Jan-Sept (Q1-Q3), according to its latest report released on October 29.
In accordance with Chinese Accounting Standards (CASs), the company’s net profit attributable to its equity holders for Q1-Q3 2025 settled at 29.98 billion yuan (4.23 billion US dollars), down by 14.26 billion yuan from a year earlier. The basic earnings per share were 0.25 yuan.
The net profit after the deduction of non-recurring profits and losses for this period stood at 30.55 billion yuan, down by 30.5% year on year, Sinopec said.
Sinopec’s Q3 net profit decreased 0.5% year on year to 8.50 billion yuan.
Sinopec ascribed the profit plunge to falling international crude prices, which led to inventory write-downs, coupled with lower domestic sales of gasoline and diesel and compressed margins for chemical products.
In the first nine months, the company’s operating revenue settled at 2.11 trillion yuan, declining by 10.7% year on year.
