Sinopec Shanghai Petrochemical Company (338) Q3 2026 earnings summary

Executive summary

• Q3 2026 operating income rose 7.93% YoY to RMB20,855,746 thousand; nine-month net profit attributable to shareholders reached RMB1,084,770 thousand, versus a loss of RMB431,533 thousand in 2025.

• Financial statements were prepared under China Accounting Standards and were unaudited.

Financial highlights

• Q3 total profit was RMB1,024,222 thousand versus RMB19,010 thousand YoY; attributable net profit was RMB784,339 thousand versus RMB30,595 thousand.

• Q3 adjusted attributable net profit, excluding extraordinary items, was RMB861,345 thousand versus RMB45,426 thousand YoY.

• 9M operating income rose 1.70% YoY to RMB59,847,740 thousand; total profit was RMB1,411,437 thousand versus a loss of RMB576,606 thousand.

• 9M net profit was RMB1,041,271 thousand versus a loss of RMB429,121 thousand; attributable net profit was RMB1,084,770 thousand versus a loss of RMB431,533 thousand.

• 9M adjusted attributable net profit, excluding extraordinary items, was RMB1,164,983 thousand versus a loss of RMB393,948 thousand.

Segment performance

• Higher gross profit from petroleum and chemical products YoY drove improved Q3 operating results.

• Petroleum and chemical product gross profit also supported improved attributable net profit for the nine-month period.