Sinostar PEC (C9Q) H2 2025 earnings summary

Executive summary

• FY2025 remained profitable despite weak demand, lower industry margins and a triennial plant-wide turnaround; net profit fell 88.9% YoY to RMB25.65m.

• First high-end polypropylene exports to Indonesia and Thailand generated RMB3.279m, while logistics revenue grew as chemical product volumes contracted.

Financial highlights

• Revenue was RMB4,521.95m, down from RMB5,457.92m in FY2024; gross profit fell 61.0% to RMB148.66m.

• Profit before tax declined to RMB45.58m from RMB309.43m; net profit was RMB25.65m versus RMB231.67m.

• Operating cash flow was RMB243.05m, down from RMB404.64m; cash and cash equivalents were RMB425.57m at year-end.

• Chemical products generated RMB4.06bn in revenue; logistics and transport contributed RMB463.44m in external revenue.

Outlook and guidance

• FY2026 priorities include maintaining market leadership in core and diversified businesses through quality products, competitive pricing and operational efficiency.

• FY2026 targets include maintaining or reducing energy intensity, maintaining current GHG intensity, and full environmental compliance.

• Geopolitical volatility, weak market confidence and intensifying industry competition remain uncertainties for FY2026; management emphasized prudent operations and long-term sustainable development.