On August 24, SINOPEC CORP rose 3.18% in regular trading, trading at HKD 4.575/share, with turnover of HKD 104 million.
The rally was driven by the company's H1 interim results disclosed on August 23. SINOPEC CORP reported revenue of RMB 1,436.56 billion, up 2.0% year-over-year, with net profit attributable to shareholders reaching RMB 25.63 billion, a 19.3% increase. Operating profit surged 27.0% to RMB 36.96 billion, reflecting significantly improved core profitability. Operating cash flow rose 2.4% to RMB 62.50 billion, underpinning earnings quality.
The company simultaneously announced an interim dividend of RMB 0.105 per share, payable on October 14. While H1 impairment provisions of RMB 16.03 billion reduced net profit by RMB 15.66 billion, the underlying operational improvement and shareholder return commitment provided a positive catalyst. Research expenditure rose 25.9%, signaling continued investment in innovation.
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