Sinopec Shanghai Petrochemical Company (338) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 19.36 billion, down 13.8% year-over-year; YTD revenue was RMB 58.89 billion, down 10.77% year-over-year.

• Net profit attributable to equity shareholders in Q3 was RMB 30.60 million, a 361.67% increase year-over-year; YTD net loss was RMB 431.53 million.

• Excluding non-recurring items, Q3 net profit was RMB 45.43 million, up 233.23% year-over-year.

• Gross profit of petrochemical products increased in Q3, improving operating results compared to last year.

Financial highlights

• Basic and diluted EPS for Q3 were RMB 0.003, up 200% year-over-year; YTD EPS was RMB -0.041.

• Net cash flows from operating activities in Q3 were RMB 1.89 billion, down 81.28% year-over-year; YTD was RMB 2.67 billion, down 74.42%.

• Total assets at quarter-end were RMB 41.86 billion, up 0.22% from year-end 2024.

• Total equity attributable to shareholders was RMB 24.27 billion, down 3.08% from year-end 2024.

Outlook and guidance

• Operating results improved in Q3 due to higher gross profit in petrochemical products, but YTD results turned from profit to loss due to a decline in petroleum product sales.