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Sinopec Shanghai Petrochemical Co ( (HK:0338) ) has shared an update.
Sinopec Shanghai Petrochemical Company Limited has issued a profit warning for the 2025 financial year, estimating a net loss attributable to equity shareholders of between RMB1.289 billion and RMB1.576 billion, and a similar loss range after excluding non-recurring items, a sharp reversal from the prior year’s profit. The company cited declining gross margins due to falling international crude oil prices, weak product market demand, and reduced production volumes caused by overhaul work on production facilities in the fourth quarter, signaling mounting operational pressure and a more challenging operating environment for the group’s core petrochemical business in 2025.
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 major Chinese petrochemical producer engaged in the refining of crude oil and the manufacture of petrochemical and chemical products. Operating under China Accounting Standards for Business Enterprises, the group focuses on a broad portfolio of main petroleum and chemical products serving both domestic and international markets.
YTD Price Performance: 8.03%
Average Trading Volume: 12,351,038
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.13B
See more data about 0338 stock on TipRanks’ Stock Analysis page.