SINOPEC SSC (01033) fell more than 3% intraday, and as of press time, the stock was down 2.5% at HK$0.78, with a turnover of HK$48.45 million. The company reported its performance for the first three quarters of 2025, posting revenue of RMB55.163 billion, up 0.5% year-on-year, while net profit attributable to shareholders declined 1% to RMB669 million. In the third quarter alone, revenue rose 0.3% YoY to RMB18.1 billion, but net profit dropped 21.2% YoY to RMB180 million. Everbright Securities noted that operating cash flow surged by RMB4.7 billion to RMB3.1 billion in the first nine months, and the debt-to-asset ratio improved slightly to 87.8% as of end-September, down 0.29 percentage points YoY. However, R&D expenses in Q3 reached RMB460 million, up RMB249 million YoY, which weighed on quarterly earnings.