SINOPEC SSC (01033) has announced its financial results for the year 2025. The company reported operating revenue of approximately 80.712 billion yuan, representing a slight decrease of 0.5% compared to the previous year. Net profit attributable to equity shareholders of the company was about 659 million yuan, an increase of 4.3% year-on-year. After excluding non-recurring gains and losses, the net profit attributable to shareholders was approximately 451 million yuan, surging by 237.9% compared to the prior year. Basic earnings per share were 0.035 yuan.
In 2025, the company secured new contracts totaling 95.6 billion yuan, a growth of 4.8% year-on-year, reaching a record high. Within this total, new contract value from the Sinopec Group market amounted to 50.3 billion yuan, up 7.0%. New contracts from the domestic external market were valued at 18.6 billion yuan, down 6.5%. The overseas market contributed 26.7 billion yuan in new contracts, an increase of 9.9%.
The company focused on expanding its market scale and optimizing its business structure, leading to a continued increase in the proportion of overseas market and high-value-added business. It persistently strengthened technological innovation, accelerating breakthroughs in key core technologies. By deeply optimizing core resources such as human resources and equipment, the company achieved a year-on-year reduction in costs and expenses. The enhancement of engineering technical service capabilities resulted in steady growth in drilling footage per team and stable improvement in construction efficiency.
Throughout the year, production operations remained safe and stable, and the level of operational efficiency achieved new improvements, providing strong support for increasing oil and gas reserves, production, and efficiency.
For 2026, the company will prioritize ensuring exploration and development. It will focus on three key tasks: ensuring safety, strengthening technology, and reducing costs. The company will fully advance six major initiatives covering safety and environmental protection, support and guarantee, quality and efficiency improvement, science-production-finance integration, reform and empowerment, and market development. The goal is to comprehensively achieve the annual targets, solidify the foundation for high-quality development, and ensure a successful start to the 15th Five-Year Plan period. The full-year target for new contract value is set at 92.5 billion yuan, comprising 48.5 billion yuan from the internal Sinopec Group market, 18.0 billion yuan from the domestic external market, and 26.0 billion yuan from the overseas market.