SINOPEC Shandong Taishan Hits Day High with 8.59% Surge

SINOPEC Shandong Taishan Petroleum Co., Ltd. has experienced a significant surge in its stock price, gaining 8.59% on February 24, 2026. The stock reached an intraday high of CNY 8.72, marking a notable performance against the backdrop of a -1.26% decline in the China Shanghai Composite index for the same day. Over the past week, SINOPEC Shandong Taishan has shown a robust increase of 5.57%, and its one-month performance stands at an impressive 26.93%. Year-to-date, the stock has risen by 34.57%, significantly outperforming the broader market, which has only seen a 2.85% increase. The company has reported positive financial metrics, including a pre-tax profit of CNY 72.02 million, reflecting a remarkable growth of 119.93%. Additionally, the net profit for the quarter reached CNY 52.97 million, up by 113.29%. With a return on equity of 14.25% and a price-to-book ratio of 2.20, SINOPEC Shandong Taishan maintains a solid market position within the oil industry, supported by a high dividend yield of 2.19%.