---
title: "Sinopec climbs 3% in Hong Kong on strong H1 earnings and dividend"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296722692.md"
description: "Sinopec's H1 net profit rose 12% to 26.57B yuan; refining profit surged 3.8x; interim dividend of ~12.7B yuan declared."
datetime: "2026-08-24T01:40:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296722692.md)
  - [en](https://longbridge.com/en/news/296722692.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296722692.md)
generator: "portal-rs"
---

# Sinopec climbs 3% in Hong Kong on strong H1 earnings and dividend

China Petroleum & Chemical (386.HK) climbed over 3% during Hong Kong trading to HK$4.62, extending gains after the company reported stronger-than-expected first-half earnings.

The state-owned refiner posted a net profit of approximately **26.57 billion yuan** for the first half, up about **12%** year on year, on revenue of **1.44 trillion yuan**. The exploration and production segment saw profit jump **21%**, while the refining unit's profit surged **3.8 times** and petrochemical losses narrowed by 94%. An interim dividend of **10.5 fen** per share was declared, totaling nearly **12.7 billion yuan** in payouts.

Separately, Iranian officials warned that oil exports through the Strait of Hormuz and Persian Gulf could be disrupted if the U.S. escalates economic pressure, adding volatility to crude prices and drawing attention to the energy sector.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**