Shanghai Petrochemical swings to profit in 2026 interim results with net profit of 300 million yuan

Earnings
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Shanghai Petrochemical has released its 2026 interim report, with net profit attributable to the parent company of 300 million yuan, an increase of 763 million yuan compared with the same period last year, turning a year-on-year loss into a profit. The company's total operating revenue was 38.992 billion yuan, net cash flow from operating activities was negative 841 million yuan, and the latest asset-liability ratio was 42.91 percent. Gross margin was 18.13 percent, up 1.36 percentage points from the same period last year, marking a third consecutive year of increase. Return on equity was 1.28 percent, up 3.18 percentage points from the same period last year. Diluted earnings per share were 0.03 yuan, an increase of 0.07 yuan compared with the same period last year. The company had 112,200 shareholders, and the top ten shareholders held 8.759 billion shares, accounting for 83.09 percent of the total share capital.

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