The net profit of China Petroleum & Chemical Co., Ltd. (00386) in the first three quarters was 38.988 billion yuan, up 30% year-on-year

According to the Zhitong Finance App, China Petroleum & Chemical Corporation (00386) announced the results for the first three quarters of 2026. According to Chinese corporate accounting standards, operating income was about 2206.296 billion yuan, up 4.4% year on year; net profit attributable to shareholders of listed companies was 38.988 billion yuan, up 30% year on year; basic earnings per share were 0.323 yuan.

According to international financial reporting accounting standards, the profit attributable to the company's shareholders in the first three quarters was RMB 40.167 billion, up 25.3% year on year, of which the third quarter was RMB 13.60 billion, up 63.6% year on year.

According to the announcement, the increase in performance was mainly due to an improvement in the price spread of refined and chemical products. The company's efforts to increase production of high-value-added products such as aviation coal and refining by-products, as well as rising crude oil prices were affected by factors such as increased inventory profits.