Sinopec Shanghai Petrochemical Company (HKG:0338, SHA:600688) said it made asset impairment provisions totaling 397 million yuan for 2025, according to a Wednesday Hong Kong bourse filing.
Hong Kong-listed shares of the firm were down nearly 1% in Thursday afternoon trade.
The provision mainly included 393 million yuan for inventory impairment and 4 million yuan for bad debts of accounts receivable, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.