HKG:0338

3 stories mentioning HKG:0338Updated 27d ago

Every FINWIRES story that references HKG:0338, newest first.

Sinopec Shanghai Petrochemical Forecasts Return to Profit in H1; Hong Kong Shares Down 4%

Sinopec Shanghai Petrochemical (SHA:600688, HKG:0338) forecasts it will return to an attributable profit of between 234 million yuan and 351 million yuan in the first half, against an attributable loss of 462.1 million yuan in the year-ago period.The oil refining and petrochemical company attributed the upbeat forecast to the upward trend of crude oil prices, according to a Tuesday Hong Kong bourse filing.Shares of the company fell over 4% in recent trade.

HKG:0338SHA:600688

Asia67d ago

Sinopec Shanghai Petrochemical Tapers Expectations Over Carbon Fiber Following 20% Stock Surge

Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) tapered expectations around its T1000 grade high-performance carbon fiber following media reports about the product.In a Hong Kong bourse filing Thursday, the firm said the carbon fiber referenced in the reports is a 12K small tow, which is yet to generate revenue or contribute meaningfully once it makes sales.The announcement came after the firm took note of the closing price of its A shares over three consecutive trading days ending June 4, during which its stock price rose by at least 20% in aggregate.The firm clarified that aside from the media reporting, there were no undisclosed matters that would warrant an unusual movement in its A shares' price.The petrochemical firm's Hong Kong shares gained nearly 1% in late morning trade Friday.

HKG:0338SHA:600688

Asia103d ago

Sinopec Shanghai Petrochemical Returns to Profitability in Q1 2026

Sinopec Shanghai Petrochemical Company (HKG:0338, SHA:600688) booked 415.2 million yuan in attributable profit for the first quarter of 2026, swinging from a loss of 89.8 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.The petrochemical firm's Hong Kong shares gained over 3% in afternoon trade Thursday.Earnings per share were 0.039 yuan, compared with a loss of 0.008 yuan in the prior year period.Operating income fell 9.5% year on year to 17.66 billion yuan, figures showed.

HKG:0338SHA:600688

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