Yanchang Petroleum International expects HKD 780 million loss for FY2025

Reuters

Mar 11

<a href="https://laohu8.com/S/YCGPF">Yanchang Petroleum</a> International expects HKD 780 million loss for FY2025

Yanchang Petroleum expects a loss of around HKD 780 million for the year ended 31 December 2025, versus a profit of around HKD 56 million a year earlier. The company cited an average WTI crude oil price of around USD 66 per barrel in 2025, down from around USD 77 per barrel in 2024. It also attributed the shift to lower revenue and gross profit, plus impairment losses on Canadian oil and gas assets and on goodwill and other non-current assets tied to its China refined oil trading business. Yanchang Petroleum also recorded provisions for bad debts in its China refined oil and by-products trading business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yanchang Petroleum International Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260311-12048332), on March 11, 2026, and is solely responsible for the information contained therein.

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The company cited an average WTI crude oil price of around USD 66 per barrel in 2025, down from around USD 77 per barrel in 2024. It also attributed the shift to lower revenue and gross profit, plus impairment losses on Canadian oil and gas assets and on goodwill and other non-current assets tied to its China refined oil trading business. Yanchang Petroleum also recorded provisions for bad debts in its China refined oil and by-products trading business.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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ID: HKEX-EPS-20260311-12048332), on March 11, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1159","symbol_name":"石油与天然气的炼制和营销","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260311:nNDL24Gy4K:1","article_id":"2618910789","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618910789","pubTimestamp":1773220833,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Yanchang Petroleum expects a loss of around HKD 780 million for the year ended 31 December 2025, versus a profit of around HKD 56 million a year earlier. 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Yanchang Petroleum also recorded provisions for bad debts in its China refined oil and by-products trading business.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yanchang Petroleum International Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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