Shares of SINOPEC SSC (01033) rose nearly 3% in Hong Kong trading on Tuesday, last up 2.27% at HK$0.67 with turnover of HK$8.796 million.
On the news front, the company recently released its interim results for 2026. During the period, the group recorded operating revenue of RMB 37.664 billion, an increase of 1.7% year-on-year. Net profit attributable to shareholders of the listed company stood at RMB 510 million, up 3.5% compared to the same period last year, with basic earnings per share of RMB 0.027.
In the first half of 2026, the company's drilling services business achieved main business revenue of RMB 18.20 billion, essentially flat compared to RMB 18.19 billion in the corresponding period last year. Drilling footage reached 5.74 million meters, up 2.5% year-on-year, completing 54.2% of the annual plan, ahead of schedule.
The company has deepened the integrated operation between Party A and Party B, strengthened operational management and technical support in key work areas and demonstration zones, and continuously improved service quality and efficiency. The "four improvements" in drilling have yielded notable results, with average mechanical drilling speed increasing by 4.3% year-on-year.