Shanghai Petrochemical Co., Ltd. (00338) Fa Yingxi expects mid-term net profit to be about 234 million to 351 million yuan, turning a year-on-year loss into a profit

According to Zhitong Finance App News, Shanghai Petrochemical Co., Ltd. (00338) announced that the Group expects to achieve net profit attributable to shareholders of the parent company in the first half of 2026 about RMB 234 million to RMB 351 million, turning a loss into a profit; net profit attributable to shareholders of the parent company in the first half of 2026 after deducting non-recurring gains and losses is expected to be approximately RMB 245 million to RMB 367 million. Compared with the same period last year, it will turn a loss into a profit.

In the first half of 2026, the overall price of petrochemical products showed an upward trend due to factors such as rising international crude oil prices driven by geographical conflicts and adjustments in the industry's supply and demand pattern. The company continues to optimize production and operation. The price increase for major products was higher than the increase in crude oil processing costs, product gross profit increased year-on-year, and overall profit increased.