Sinopec Cuts Registered Capital After Share Cancellations, Adjusts A/H Share Mix

China Petroleum & Chemical ( (HK:0386) ) has shared an update.

Sinopec has completed a new phase of its 2025 share repurchase programme, cancelling all repurchased A and H shares and reducing its total share count from about 121.18 billion to 120.93 billion. The move is positioned as a step to protect corporate value and shareholders’ interests, slightly increasing the proportion of A shares and marginally reducing the weight of H shares in its capital structure.

Following these cancellations, the board has approved corresponding cuts to the company’s registered capital and revisions to key share-capital provisions in its Articles of Association. These changes, which formalise the reduced share base and updated A/H share split, are still subject to approval at Sinopec’s 2025 annual general meeting, and if passed will lock in a modestly more concentrated equity structure for remaining investors.

The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.30 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.

More about China Petroleum & Chemical

China Petroleum & Chemical Corporation, better known as Sinopec, is a major Chinese integrated energy and petrochemical company. It operates across oil and gas exploration, refining, chemicals and fuel distribution, and is listed in Hong Kong with both A shares and H shares serving domestic and international investors.

YTD Price Performance: 0.21%

Average Trading Volume: 220,108,201

Technical Sentiment Signal: Buy

Current Market Cap: HK$783.5B

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