SinoPec Reports July 2026 Revenue of NT$1.06 Billion (YoY -35.6%)

Company Code: 1314 Company Name: SinoPec Industry: Plastics Industry Data Month: July 2026 Monthly Revenue: NT$10,599,160,000 (NT$1.06 billion) Year-on-Year Change: -35.6%

Keywords: Monthly Revenue, Plastics Industry

SinoPec, a leading petrochemical manufacturer in Taiwan, primarily produces ethylene, polyethylene, and other basic chemical materials. In July 2026, the company reported monthly revenue of NT$10.599 billion (approximately USD 1.06 billion), marking a significant 35.6% decline compared to NT$16.45 billion in the same month last year. This downturn is attributed to weakening demand across Asian markets—particularly in China—tighter global regulations on plastic usage, and increasing competition from recycled plastic alternatives.

Demand for engineering plastics used in automotive and electronics sectors remains sluggish, leading to lower operating rates at production facilities. Although crude oil prices have declined, reducing raw material costs, the drop in product prices has outpaced cost savings, resulting in continued margin pressure.

Industry analysts note that Taiwanese petrochemical firms, including SinoPec, are shifting production to Southeast Asia and investing in high-value specialty materials. However, near-term recovery appears challenging. Future success will likely depend on innovation in sustainable materials and progress toward carbon neutrality, which are becoming critical factors in corporate valuation.