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The latest update is out from Sinopec Shanghai Petrochemical Co ( (HK:0338) ).
Sinopec Shanghai Petrochemical Company Limited announced a provision for asset impairment amounting to RMB417 million for the first half of 2025. This decision, driven by fluctuating market prices and in accordance with accounting standards, reflects the company’s effort to accurately represent its financial position. The impairment provision primarily stems from inventory write-offs and has impacted the company’s net profit, reducing it by RMB19 million for the period.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
More about Sinopec Shanghai Petrochemical Co
Sinopec Shanghai Petrochemical Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the petrochemical industry. The company primarily focuses on the production and sale of petrochemical products, including refined oil products, intermediate petrochemical products, synthetic resins, and synthetic fibers.
Average Trading Volume: 16,671,101
Technical Sentiment Signal: Buy
Current Market Cap: HK$27.33B
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