Shanghai Petrochemical Co., Ltd. (00338) announced interim results, with net profit of 300 million yuan

According to the Zhitong Finance App, Shanghai Petrochemical Co., Ltd. (00338) released its 2026 semi-annual report, with operating income of 38.992 billion yuan, a year-on-year decrease of 1.34%; net profit attributable to shareholders of the parent company was 300 million yuan, a loss of 462 million yuan for the same period last year; basic earnings per share were 0.028 yuan.

In the first half of 2026, due to the US-Israel conflict, international oil prices fluctuated violently and repeatedly, and the petrochemical industry faced shocks and challenges that exceeded expectations in various aspects such as cost, demand, and capacity adjustments. Under this situation, the Group actively promoted various tasks such as safety and environmental protection, exploiting potential and efficiency, and project construction, and turned losses into profits in the first half of the year.

In the first half of 2026, the total volume of main commodities produced by the Group was 4.939,800 tons, a decrease of 11.42% over the same period last year. The Group has processed a total of 5.682 million tons of crude oil (including 458,100 tons of incoming material processing), a decrease of 10.16% over the same period last year. The production of refined oil products was 3.482 million tons, a year-on-year decrease of 12.80%, of which 1,439,600 tons of gasoline were produced, a year-on-year decrease of 13.70%; 1,154 million tons of diesel, a decrease of 6.95%; and 926,900 tons of aviation kerosene, a year-on-year decrease of 17.68%. Production of 327,300 tons of ethylene, a year-on-year increase of 19.79%; 338,300 tons of p-xylene, a year-on-year decrease of 4.14%; production of plastic resins and copolymers was 453,500 tons, a decrease of 0.91% year-on-year. Production of 14,100 tons of synthetic fiber was reduced by 2.61% year on year. The Group's product production and sales rate in the first half of the year was 100.87%, and the payment return rate (excluding affiliated companies and internal enterprises) was 100.03%.