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The latest announcement is out from China Petroleum & Chemical ( (HK:0386) ).
China Petroleum & Chemical Corporation announced an estimated net profit for the first half of 2025 to be between RMB 20.1 billion and RMB 21.6 billion, marking a significant decrease of 39.5% to 43.7% compared to the same period in 2024. This decline is attributed to lower international crude oil prices, intense market competition, and low chemical margins, despite the company’s efforts to optimize operations and control costs.
The most recent analyst rating on (HK:0386) stock is a Hold 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, also known as Sinopec, is a major player in the petroleum and petrochemical industry. The company focuses on the exploration, production, and sale of oil and petrochemical products, serving a global market.
Average Trading Volume: 155,833,707
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$722.5B
For a thorough assessment of 0386 stock, go to TipRanks’ Stock Analysis page.