SHANGHAI PECHEM (00338) set up a total provision for impairment of 397 million yuan in the 2025 fiscal year.

20:56 18/03/2026

Shanghai Petrochemical Company Limited (00338) announced that, in order to objectively reflect the financial condition and operating results of the company for the year 2025, in accordance with relevant regulations such as the "Enterprise Accounting Standards", the company conducted impairment tests on assets that may have impairment indicators by the end of the year. The impairment provisions totaling RMB 397 million were accrued for the year 2025 after the tests were conducted.

SHANGHAI PECHEM (00338) announced that, in order to objectively reflect the financial condition and operating results of the company in 2025, in accordance with the relevant provisions of the Enterprise Accounting Standards and other regulations, the company conducted impairment tests on assets that might have impairment indicators at the end of the year. After the test, the company recorded a total of RMB 397 million in impairment provisions for the year 2025.

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