China Petroleum & Chemical Corp Class H

00386: XHKG (HKG)

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Sinopec Earnings: Refining Outperforms Expectations, but Near-Term Challenges Persist

Chokwai Lee

Oct 30, 2026

Sinopec's cumulative nine-month net profit rose 25% year on year. Notably, the refining segment returned to profitability in the third quarter, generating operating profit of HKD 12 billion versus a HKD 2 billion loss in the second quarter.

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China Petroleum & Chemical Corp Class H

Sinopec Earnings: Refining Outperforms Expectations, but Near-Term Challenges Persist

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