B · Normal
[Sinopec: Net profit in the third quarter was 13.6 billion yuan, a year-on-year increase of 64%, and continued to carry out A-share and H-share share repurchases] On October 29, Sinopec disclosed its third quarter report. According to International Financial Reporting Accounting Standards, the net profit in the first three quarters was 40.167 billion yuan, a year-on-year increase of 25.3%, of which the third quarter was 13.6 billion yuan, a year-on-year increase of 63.6%.
In the first three quarters, the company focused on promoting high-quality development through secondary entrepreneurship, strengthened situation analysis and judgment, dynamically adjusted production and operation arrangements, and the industrial chain showed strong resilience. Achieved oil and gas production of 396.93 million barrels of oil equivalent, including 192.48 million barrels of domestic crude oil production and 1.1 trillion cubic feet of natural gas, a year-on-year increase of 1.4%; processed 167.37 million tons of crude oil , produced 102.97 million tons of refined oil and 26.83 million tons of chemical light oil; domestic sales of refined oil were 118.9 million tons; ethylene output was 9.391 million tons, and total chemical product sales were 61.92 million tons.
During the reporting period, in order to safeguard the company's value and shareholders' rights and interests, the Company continued to carry out share repurchases of A shares and H shares. As of September 30, 2026, a total of 104 million A shares have been repurchased in this round, and all of them have been cancelled; a total of 139 million H shares have been repurchased. The H share repurchase is still in the process of being implemented, and all repurchased shares will be cancelled.
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