China Petroleum & Chemical Corporation (stock code 019283746565748392) released its annual performance report, with net profit attributable to the parent company of 31.809 billion yuan, a decrease of 36.8% year-on-year.

MaticHoleFiller · 2026-03-23T11:54:13+00:00

China National Petroleum & Chemical Corporation's 2025 annual performance shows operating revenue of 2,783.583 billion yuan, down 9.5% year-on-year; net profit attributable to parent company of 31.809 billion yuan, down 36.8% year-on-year; earnings per share of 0.262 yuan, with a proposed cash dividend of 0.112 yuan per share. Both main business revenue and external sales declined due to decreases in prices and sales volumes.

MaticHoleFiller

2026-03-23 11:54:13

Abstract generation in progress

China Petroleum & Chemical Corporation (00386) announced its annual performance for the year ending December 31, 2025. The company achieved operating revenue of 27,835.83 billion yuan (RMB, same below), a decrease of 9.5% year-on-year; net profit attributable to shareholders was 31.809 billion yuan, down 36.8% year-on-year; basic earnings per share were 0.262 yuan. A final cash dividend of 0.112 yuan per share (tax included) is proposed.

The announcement states that in 2025, the company’s main business revenue was 27,265 billion yuan, a decrease of 9.6% year-on-year. This was mainly due to falling prices of petroleum and petrochemical products and decreased sales of refined oil products. Most of the crude oil produced and a small amount of natural gas are used for the company’s refining, chemical, and vehicle natural gas sales businesses, with the rest sold to other customers. In 2025, revenue from external sales of crude oil, natural gas, and other upstream products was 1,579 billion yuan (5.7% of the company’s total revenue), down 10.2% year-on-year, mainly due to declining crude oil prices and export volumes.

In 2025, the company’s refining division and marketing and distribution division achieved external sales of petroleum products (mainly refined oil and other refined petroleum products) of 16,169 billion yuan (58.1% of total revenue), a decrease of 11.7% year-on-year. This was mainly due to lower prices and volumes of gasoline, diesel, and other products. Revenue from gasoline, diesel, and kerosene sales was 13,390 billion yuan (82.8% of petroleum product sales), down 12.4% year-on-year; revenue from other refined petroleum products was 2,779 billion yuan (17.2%), down 8.4%.

In 2025, the company’s external sales of chemical products totaled 3,780 billion yuan (13.6% of total revenue), a decrease of 9.6% year-on-year, mainly due to falling product prices.

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