<a href="https://laohu8.com/S/YCGPF">Yanchang Petroleum</a> Reports 41% Drop in Revenues and 36% Decrease in Sales Volume for H1 2025
Yanchang Petroleum International Limited has announced its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The company reported a significant decline in revenue, with the total revenue for the period amounting to HK$9.99 billion, down from HK$16.77 billion in the same period in 2024. This decline is primarily attributed to reduced trading and distribution of oil-related products, which decreased from HK$16.58 billion in 2024 to HK$9.9 billion in 2025. The sales of crude oil and gas also experienced a decline, generating HK$94.1 million in 2025 compared to HK$189.1 million in the prior year. Other revenue, including bank interest income and rental income, also saw a reduction to HK$3.56 million from HK$5.48 million in the same period last year. During the first half of 2025, the company noted high volatility in international oil prices, which impacted its operations. The Group did not engage in any connected transactions with fellow associates related to the sales of refined oil and by-products during this period. The company has no updates on future outlook or guidance included in this announcement, and there are no mentions of net income, profit, loss, or earnings per share $(EPS)$ in the provided document.
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