HK Stock Market Move | Sinopec Shanghai Petrochemical (00338) increases by over 5%. Net profit attributable to shareholders in the first quarter is approximately 415 million yuan, with refining product gross profit rising compared to the same period last year.

Sinopec Shanghai Petrochemical (00338) rose more than 3% after the performance report, up 2.38% to HKD 1.3 as of the time of writing, with a trading volume of HKD 25,843,800. On the news front, on April 29th, Sinopec Shanghai Petrochemical released an announcement stating that in the first quarter of 2026, the operating income was approximately 17.662 billion yuan, a decrease of 9.52% year-on-year; the net profit attributable to the shareholders of the listed company was approximately 415 million yuan, turning losses into profits year-on-year; and the basic earnings per share was 0.039 yuan. During the reporting period, the gross profit of refining products increased compared to the same period last year, leading to an increase in operating performance for this reporting period.