SINOPEC SSC Reports Interim NP of RMB760M, Reflecting a 1% Increase
Company Overview: SINOPEC SSC (01033.HK) reported its interim results for the period ending June 2025.
Financial Performance: The company experienced a slight increase in turnover, rising 0.6% year-on-year to RMB37.051 billion, while net profit reached RMB760 million, marking an almost 1% YoY growth.
Earnings Per Share: Earnings per share (EPS) were recorded at RMB4 cents.
Dividend Announcement: No dividend was declared by the company during this reporting period.
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HKD2.6 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant net inflows of HKD2.6 billion, while XIAOMI-W (01810.HK) and SINOPEC SSC (01033.HK) also experienced inflows, despite short selling pressures.
Southbound Trading Outflows: BABA-W (09988.HK) faced the highest net outflow of HKD1.2 billion, along with SMIC (00981.HK) and CNOOC (00883.HK), indicating a trend of selling in these stocks.
Market Activity: The TRACKER FUND (02800.HK) was the most active stock in the Shanghai-Hong Kong Stock Connect with a net inflow of HKD2.3 billion, while BABA-W had the highest outflow of HKD977.4 million.
Overall Trading Summary: At market close, Southbound Trading recorded a net outflow of HKD0, accounting for 48.32% of the total transaction amount of HKD179.03 billion.
Oil Service Stocks Under Speculation: SHANDONG MOLONG Jumps 47%, SINOPEC SSC Rises 20%, Mixed Performance for 3 Oils
Middle East Crisis: The situation in the Middle East has escalated, with Iran's Revolutionary Guards claiming to have closed the Strait of Hormuz and threatening to attack ships attempting to pass through.
US Embassy Attack: The US Embassy in Saudi Arabia was reportedly attacked and set on fire by a drone, contributing to rising international oil prices, which have increased for three consecutive days.
Market Reactions: Following a significant drop in the Hang Seng Index (HSI), the market showed some recovery, with oil service stocks experiencing notable speculation and price increases.
Oil Company Performance: Major oil companies displayed mixed performance, with CNOOC and PetroChina seeing gains, while Sinopec experienced a decline, reflecting volatility in the oil market.
JPM Identifies Chinese Stocks Most Affected by RMB Appreciation's Negative Earnings Impact (Table)
Stock Performance Overview: Various stocks showed mixed performance with notable gains for SHENZHOU INTL (+2.953%) and SMIC (+2.061%), while others like UNIVERSAL SCIENTIFIC (-2.412%) and COWELL (-0.682%) experienced declines.
Short Selling Data: Significant short selling activity was observed, particularly in SMIC ($217.14M) and WUXI BIO ($160.63M), indicating market skepticism towards these stocks.
Estimated Impact of RMB Appreciation: The estimated impact of a 5% appreciation of the RMB against the USD on net profit varies, with some companies projected to face high single-digit impacts while others may see declines around 10-15%.
Market Outlook: UOB Kay Hian maintains a constructive medium-term view on markets, adding stocks like BABA and GANFENGLITHIUM to their buy list, while placing MEITUAN on the sell list.
SINOPEC SSC Reports 21.2% Year-on-Year Decline in 3Q Net Profit
Company Overview: SINOPEC SSC (01033.HK) has reported its financial results for the third quarter ending September 2025.
Short Selling Activity: The company experienced short selling amounting to $3.78 million, with a short selling ratio of 6.594%.
SINOPEC SSC Reports Interim NP of RMB760M, Reflecting a 1% Increase
Company Overview: SINOPEC SSC (01033.HK) reported its interim results for the period ending June 2025.
Financial Performance: The company experienced a slight increase in turnover, rising 0.6% year-on-year to RMB37.051 billion, while net profit reached RMB760 million, marking an almost 1% YoY growth.
Earnings Per Share: Earnings per share (EPS) were recorded at RMB4 cents.
Dividend Announcement: No dividend was declared by the company during this reporting period.
HKD2.6 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant net inflows of HKD2.6 billion, while XIAOMI-W (01810.HK) and SINOPEC SSC (01033.HK) also experienced inflows, despite short selling pressures.
Southbound Trading Outflows: BABA-W (09988.HK) faced the highest net outflow of HKD1.2 billion, along with SMIC (00981.HK) and CNOOC (00883.HK), indicating a trend of selling in these stocks.
Market Activity: The TRACKER FUND (02800.HK) was the most active stock in the Shanghai-Hong Kong Stock Connect with a net inflow of HKD2.3 billion, while BABA-W had the highest outflow of HKD977.4 million.
Overall Trading Summary: At market close, Southbound Trading recorded a net outflow of HKD0, accounting for 48.32% of the total transaction amount of HKD179.03 billion.
Oil Service Stocks Under Speculation: SHANDONG MOLONG Jumps 47%, SINOPEC SSC Rises 20%, Mixed Performance for 3 Oils
Middle East Crisis: The situation in the Middle East has escalated, with Iran's Revolutionary Guards claiming to have closed the Strait of Hormuz and threatening to attack ships attempting to pass through.
US Embassy Attack: The US Embassy in Saudi Arabia was reportedly attacked and set on fire by a drone, contributing to rising international oil prices, which have increased for three consecutive days.
Market Reactions: Following a significant drop in the Hang Seng Index (HSI), the market showed some recovery, with oil service stocks experiencing notable speculation and price increases.
Oil Company Performance: Major oil companies displayed mixed performance, with CNOOC and PetroChina seeing gains, while Sinopec experienced a decline, reflecting volatility in the oil market.
JPM Identifies Chinese Stocks Most Affected by RMB Appreciation's Negative Earnings Impact (Table)
Stock Performance Overview: Various stocks showed mixed performance with notable gains for SHENZHOU INTL (+2.953%) and SMIC (+2.061%), while others like UNIVERSAL SCIENTIFIC (-2.412%) and COWELL (-0.682%) experienced declines.
Short Selling Data: Significant short selling activity was observed, particularly in SMIC ($217.14M) and WUXI BIO ($160.63M), indicating market skepticism towards these stocks.
Estimated Impact of RMB Appreciation: The estimated impact of a 5% appreciation of the RMB against the USD on net profit varies, with some companies projected to face high single-digit impacts while others may see declines around 10-15%.
Market Outlook: UOB Kay Hian maintains a constructive medium-term view on markets, adding stocks like BABA and GANFENGLITHIUM to their buy list, while placing MEITUAN on the sell list.
SINOPEC SSC Reports 21.2% Year-on-Year Decline in 3Q Net Profit
Company Overview: SINOPEC SSC (01033.HK) has reported its financial results for the third quarter ending September 2025.
Short Selling Activity: The company experienced short selling amounting to $3.78 million, with a short selling ratio of 6.594%.
SINOPEC SSC Reports Interim NP of RMB760M, Reflecting a 1% Increase
Company Overview: SINOPEC SSC (01033.HK) reported its interim results for the period ending June 2025.
Financial Performance: The company experienced a slight increase in turnover, rising 0.6% year-on-year to RMB37.051 billion, while net profit reached RMB760 million, marking an almost 1% YoY growth.
Earnings Per Share: Earnings per share (EPS) were recorded at RMB4 cents.
Dividend Announcement: No dividend was declared by the company during this reporting period.
