Sinochem International (600500) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 9.70 billion, down 10.23% year-over-year, but net loss narrowed significantly to RMB -216 million, a reduction of RMB 180 million from the prior year.

• Gross profit reached RMB 568 million, up 72% year-over-year, with monthly operating profit improvement and a return to profitability in March.

• Operating cash flow was RMB 441 million, up 16% year-over-year.

Financial highlights

• Operating income: RMB 9.70 billion (down 10.23% year-over-year).

• Net loss attributable to shareholders: RMB -216 million (vs. -396 million last year).

• Basic and diluted EPS: -0.06 RMB (vs. -0.11 RMB last year).

• Gross margin improved sharply, with gross profit up 72% year-over-year.

• Operating cash flow: RMB 441 million (up 16% year-over-year).

Outlook and guidance

• Management expects continued improvement, citing stabilized product prices, cost reduction, and efficiency gains.

• Market conditions are expected to remain favorable due to strong demand recovery and higher chemical prices.