Sinopec appoints Zhang Zheng and China Petroleum & Chemical stock costs EUR 0.52
Published on 10/14/2026 at 12:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGovernance and reporting dates
- Zhang Zheng became company secretary and authorized representative on October 14, 2026.
- Second-quarter 2026 revenue reached CNY 729.9 billion, while net income was CNY 8.83 billion.
- China Petroleum & Chemical stock trades at EUR 0.52 at 12:24 p.m. CEST at Lang & Schwarz on October 14, 2026.
China Petroleum & Chemical (ISIN CNE1000002Q2) was at EUR 0.52 at Lang & Schwarz on October 14, 2026, at 12:24 p.m. CEST. As TipRanks reported on October 14, 2026, Sinopec appointed Zhang Zheng as company secretary and authorized representative, effective the same date.
Governance change takes effect
Zhang replaces Huang Wensheng, who remains a vice president, according to TipRanks. The appointment changes two listed governance roles but keeps the outgoing secretary inside senior management, making continuity the central detail of the announcement.
The company operates across exploration, production, refining and chemicals. That breadth matters because the latest quarterly figures show higher revenue alongside sharply lower profit.
Three dated operating markers
On April 29, 2026, China Petroleum & Chemical reported first-quarter revenue of CNY 706.7 billion and net income of CNY 17.0 billion, according to Simply Wall St. On August 24, 2026, second-quarter revenue rose to CNY 729.9 billion, while net income fell to CNY 8.83 billion from CNY 9.78 billion a year earlier, the same source reported.
The comparison is important: quarterly revenue increased 8.30 percent year over year, but net income declined 9.70 percent. Simply Wall St also reported second-quarter earnings per share of CNY 0.073, down from CNY 0.081 in the second quarter of 2025, while the profit margin fell to 1.20 percent from 1.50 percent.
On October 14, 2026, the company secretary change became the third dated marker. The next major numerical test is the third-quarter report, scheduled for October 30, 2026, according to Simply Wall St.
What does October 30 bring?
The upcoming report will show whether the second-quarter gap between revenue and profit widened or narrowed. The latest quarterly margin of 1.20 percent gives the market a concrete operating benchmark, while the CNY 729.9 billion revenue figure sets the latest reported scale.
Shanghai shares add market context
The Shanghai-listed A shares were last at CNY 5.65 at 3:00 p.m. CST on October 14, 2026, up 3.48 percent from CNY 5.46. The market capitalization was CNY 683.1 billion on the same date, while the euro quote at Lang & Schwarz stood at EUR 0.52 at 12:24 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of China Petroleum & Chemical stock.
China Petroleum & Chemical key data
- Company: China Petroleum & Chemical Corporation
- ISIN: CNE1000002Q2
- Ticker: 600028
- Primary exchange: Shanghai Stock Exchange
- Price Lang & Schwarz as of October 14, 2026, 12:24 p.m. CEST: EUR 0.52
- Market capitalization: CNY 683.1 billion as of October 14, 2026
- Sector / Industry: Energy / Integrated oil and gas and petrochemicals
- Next earnings date: October 30, 2026
Market context: Market report Shanghai Composite.
