China Petroleum & Chemical Corp Class A
600028: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| R> | LOCK|D@$ | LOCK|?x#QbFn |
Sinopec Earnings: Weak Downstream Performance in Line With Guidance; H-Shares Undervalued
Sinopec’s first-half net profit declined by 36% year on year, driven by lower energy prices and weak downstream performance. Notably, the operating loss in the chemicals segment widened to CNY 4.2 billion from CNY 3.2 billion a year ago due to intense competition.
