China Petrochemical Corporation achieves 2.78 trillion yuan in revenue in 2025

Source: Xinhua Finance

Xinhua Finance Beijing, March 22 — (Reporter Anna) China Petroleum & Chemical Corporation (Sinopec) released its 2025 annual performance report on the 22nd. According to the report, under International Financial Reporting Standards (IFRS), the company achieved an operating revenue of 2.78 trillion yuan for the year, with a net profit attributable to shareholders of 32.476 billion yuan, and earnings per share of 0.268 yuan RMB.

Based on Sinopec’s performance report released the same day, according to Chinese Accounting Standards, the net profit attributable to the parent company’s shareholders was 31.809 billion yuan; basic earnings per share were 0.262 yuan RMB. The company’s cash inflow from operating activities reached 162.5 billion yuan, an increase of 13.1 billion yuan year-over-year, maintaining a stable financial position.

Considering the company’s profitability, shareholder returns, and future development needs, the board of directors recommends a final cash dividend of 0.112 yuan RMB per share (tax included), and a total annual cash dividend of 0.2 yuan RMB per share (tax included). Including share repurchases during the year, the profit distribution rate based on Chinese Accounting Standards, after consolidated calculation, reaches 81%. Additionally, the board has approved a new round of share repurchase authorization.

From the perspective of key business segments, in 2025, Sinopec’s oil and gas production equivalent and the entire natural gas industry chain profitability hit record highs. The company’s total oil and gas production was 525.28 million barrels of oil equivalent, up 1.9% year-over-year; natural gas production reached 14,566 billion cubic feet, up 4%; crude oil processed was 250 million tons, with refined oil production at 149 million tons, including a 7.3% increase in aviation kerosene production. Total refined oil sales reached 229 million tons; chemical product sales totaled 87.12 million tons, up 3.6%. Meanwhile, the company’s high-end carbon materials remain nationally leading, with accelerated development of new chemical materials such as POE (polyolefin elastomers). Sales of vehicle LNG (liquefied natural gas), charging volumes, and hydrogen refueling saw significant year-over-year growth. LNG refueling and hydrogenation business remain the top in the country, maintaining the world’s largest supply of low-sulfur marine fuel.

Chairman Hou Qijun stated that over the past five years, Sinopec actively responded to unexpected external challenges, successfully achieved the main operational targets of the 14th Five-Year Plan, with a market value increase of over 240 billion yuan and cumulative dividends of 208.5 billion yuan. The annualized total return for A-share and H-share shareholders reached 16.1% and 15.9%, respectively. During the 15th Five-Year Plan period, Sinopec will fully embark on a new journey of high-quality development through secondary entrepreneurship. Building on existing business foundations, the company will accelerate the cultivation of new growth drivers and vigorously explore new profit spaces. To this end, Sinopec is implementing six strategic initiatives: innovation-driven development, transformation and upgrading, resource assurance, market expansion, cost leadership, and open cooperation. The company aims to accelerate the construction of a new industrial pattern characterized by energy resources as the foundation, refining and chemicals as the two wings, and refined oil, natural gas, and chemical products as the three main sales chains, with new energy, new materials, new business models, and new tracks as growth engines. It will continue to improve a scientific, standardized, and efficient modern corporate governance system and strives to build a world-leading modern energy and chemical enterprise.