SHANGHAI PECHEM (00338): Provision for impairment of a total of 545 million yuan for the first half of 2026.
Shanghai Petroleum and Chemical Company Limited (00338) announced that in order to objectively reflect the companys financial condition and operating results for the first half of 2026, and in accordance with the relevant regulations such as the "Enterprise Accounting Standards," the company conducted impairment tests on related assets that may show signs of impairment as of June 30, 2026, based on the principle of prudence. The tests indicated that the company recognized a total impairment provision of 545 million yuan for the first half of 2026.
SHANGHAI PECHEM (00338) announced that, in order to objectively reflect the company's financial status and operational results for the first half of 2026, and in accordance with the relevant provisions of the "Enterprise Accounting Standards" and other related regulations, the company conducted impairment tests on relevant assets that may show signs of impairment as of June 30, 2026, based on the principle of prudence. As a result of the tests, the company recognized a total impairment provision of RMB 545 million for the first half of 2026.
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