Financial Performance - For the three months ending September 30, 2023, the operating revenue was RMB 876,259 million, a 4.2% increase compared to the same period in 2022[4]. - The net profit attributable to shareholders of the parent company for the same period was RMB 17,855 million, representing a 34.0% increase year-on-year[4]. - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 16,624 million, a 31.0% increase compared to the previous year[4]. - The basic earnings per share for the third quarter was RMB 0.149, reflecting a 35.5% increase from the same period last year[4]. - The net cash flow from operating activities for the nine months ending September 30, 2023, was RMB 98,309 million, a 65.9% increase year-on-year[4]. - Total revenue for the three months ended September 30, 2023, was RMB 876,259 million, an increase of 4.2% compared to RMB 841,196 million for the same period in 2022[6]. - Operating profit for the three months ended September 30, 2023, reached RMB 25,591 million, a significant increase of 97.4% from RMB 12,962 million in the same period last year[6]. - Net profit attributable to shareholders for the three months ended September 30, 2023, was RMB 17,938 million, up 37.7% from RMB 13,028 million in the previous year[6]. - Basic earnings per share for the three months ended September 30, 2023, was RMB 0.150, representing a 38.9% increase from RMB 0.108 in the same period last year[6]. - The company reported a total operating profit of RMB 43,558 million for the first nine months of 2023, down from RMB 45,353 million in the same period of 2022[27]. Assets and Liabilities - Total assets as of September 30, 2023, amounted to RMB 2,084,435 million, a 6.8% increase compared to the end of 2022[4]. - The equity attributable to shareholders of the parent company was RMB 798,988 million, a 1.3% increase from the previous year[4]. - Total assets as of September 30, 2023, amounted to RMB 2,413,435 million, an increase from RMB 2,267,221 million as of December 31, 2022[37]. - Total liabilities increased to RMB 697,515 million as of September 30, 2023, compared to RMB 636,793 million at the end of 2022, marking an increase of about 9.5%[24]. - The total non-current liabilities rose to RMB 437,309 million, compared to RMB 344,194 million at the end of 2022[38]. - The total current liabilities amounted to RMB 436,930 million as of September 30, 2023, slightly down from RMB 438,204 million at the end of 2022, indicating a decrease of about 0.3%[24]. Cash Flow - The company's cash received from operating activities decreased by 48.4% year-on-year to RMB 109.031 billion, primarily due to a reduction in derivative business margin[10]. - The net cash flow from operating activities for the nine months ended September 30, 2023, was RMB 54,094 million, a significant increase from RMB 22,696 million in the same period of 2022, representing a growth of approximately 138%[30]. - The total cash inflow from financing activities was RMB 334,793 million, while cash outflow was RMB 294,427 million, resulting in a net cash flow of RMB 40,366 million for the nine months ended September 30, 2023[30]. - The company's cash inflow from investment activities was RMB 59,168 million, while cash outflow was RMB 113,285 million, resulting in a net cash flow of RMB (54,117) million for the nine months ended September 30, 2023[30]. Segment Performance - The exploration and development segment reported an operating profit of RMB 39,178 million for the nine months ended September 30, 2023, compared to RMB 43,591 million in the same period of 2022, showing a decline of 10.5%[43]. - The refining segment's operating profit decreased to RMB 18,963 million for the nine months ended September 30, 2023, from RMB 20,849 million in the same period of 2022, a decline of 9%[43]. - The marketing and distribution segment achieved an operating profit of RMB 24,348 million for the nine months ended September 30, 2023, compared to RMB 21,120 million in the same period of 2022, representing an increase of 15.5%[43]. - The chemical segment reported an operating loss of RMB 2,775 million for the nine months ended September 30, 2023, improving from a loss of RMB 4,037 million in the same period of 2022[43]. Research and Development - The company's R&D expenses for Q3 2023 were RMB 3,892 million, up from RMB 2,778 million in Q3 2022, showing an increase of approximately 40.2%[25]. - The company’s research and development expenses for the first nine months of 2023 were RMB 8,555 million, compared to RMB 7,310 million in the same period of 2022, reflecting a 17% increase[27]. Future Plans - The company plans to enhance its exploration and development efforts, focusing on new areas and integrated evaluation exploration, achieving significant breakthroughs in regions like Tarim Basin and Junggar Basin[12]. - The company aims to enhance its integrated energy services by expanding into hydrogen applications and electric vehicle charging services[16]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[35].

Financial Performance - Operating revenue for the first half of 2023 was RMB 1,593,682 million, a decrease of 1.1% compared to RMB 1,612,126 million in the same period of 2022[6]. - Net profit attributable to shareholders of the parent company was RMB 35,111 million, down 20.1% from RMB 43,920 million in the first half of 2022[6]. - Basic earnings per share for the first half of 2023 were RMB 0.293, a decrease of 19.3% compared to RMB 0.363 in the same period of 2022[7]. - The weighted average return on net assets was 4.43%, down 1.18 percentage points from 5.61% in the first half of 2022[7]. - The company reported a net profit attributable to shareholders of RMB 36,122 million, down 19.4% from the previous year[12]. - The company reported a net profit of RMB 4.16 billion for the first half of 2023, a decrease of 18.5% year-on-year[30]. - The company reported a net profit attributable to shareholders of RMB 33,655 million for the first half of 2023, a decrease of RMB 9,695 million compared to the same period last year[140]. Cash Flow and Liquidity - Net cash flow from operating activities increased significantly to RMB 27,562 million, a 457.1% increase from RMB 4,947 million in the same period of 2022[6]. - The cash received from tax refunds increased by 73.7% to RMB 5,978 million, attributed to higher VAT refunds on imported LNG[11]. - The company’s cash and cash equivalents at the end of the first half of 2023 amounted to RMB 94.9 billion[63]. - Total cash and cash equivalents at the end of the period were RMB 94,874 million, down from RMB 139,178 million at the end of June 2022[148]. - The net increase in cash and cash equivalents was RMB 22,376 million, slightly up from RMB 21,664 million in the same period last year[149]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 2,026,902 million, reflecting a 3.9% increase from RMB 1,951,121 million at the end of 2022[6]. - Total liabilities stood at RMB 1,078.31 billion, rising by RMB 66.73 billion, with non-current liabilities increasing by RMB 65.55 billion[61]. - Current assets reached RMB 573.99 billion, up RMB 50.85 billion, primarily due to increased inventory and accounts receivable[61]. - Non-current assets were RMB 1,452.91 billion, an increase of RMB 24.93 billion, driven by investments in refining and chemical materials[61]. - The asset-liability ratio increased to 53.16% from 51.80%, attributed to an increase in borrowings[140]. Revenue Breakdown - The company's main business revenue was RMB 156.15 billion, down 1.3% year-on-year, primarily due to declining prices of crude oil, refined oil, and chemical products[32]. - The revenue from the sale of refined oil products (mainly gasoline, diesel, and kerosene) was RMB 926.1 billion, an increase of 6.9% year-on-year, accounting for 58.1% of total revenue[35]. - The revenue from chemical products sales was RMB 196.8 billion, accounting for 12.3% of total revenue, a decrease of 16.0% year-on-year[35]. - The operating revenue for the Exploration and Development segment in the first half of 2023 was RMB 144.863 billion, a decrease of 8.4% compared to RMB 158.168 billion in the same period of 2022[46]. - The operating revenue for the Refining segment in the first half of 2023 was RMB 729.557 billion, down 5.9% from RMB 775.636 billion year-on-year, primarily due to a significant decline in international crude oil prices[47]. Production and Sales - The company's oil and gas equivalent production reached 250 million barrels in the first half of 2023, a year-on-year increase of 3.3%[16]. - Natural gas production was 6,609 billion cubic feet, reflecting a year-on-year growth of 7.6%[17]. - The company processed 12,654 million tons of crude oil, an increase of 4.8% compared to the same period in 2022[18]. - Total refined oil sales volume was 11,660 million tons, up 18.5% year-on-year, with domestic sales reaching 9,247 million tons, a 17.9% increase[20]. - The company produced 6,875 thousand tons of ethylene, a slight increase of 0.4% year-on-year[24]. Capital Expenditures and Investments - Capital expenditures for the first half of 2023 totaled RMB 74.67 billion, with RMB 33.42 billion allocated to exploration and development, RMB 7.06 billion to refining, RMB 3.32 billion to marketing and distribution, and RMB 30.04 billion to the chemical sector[26]. - For the second half of 2023, the company plans capital expenditures of RMB 104 billion, with RMB 41 billion for exploration and development and RMB 15.6 billion for refining[28]. - The company plans to produce 141 million barrels of crude oil and 6,309 billion cubic feet of natural gas in the second half of 2023[27]. Environmental and Social Responsibility - The company achieved a 13% year-on-year reduction in COD emissions and a 2% decrease in sulfur dioxide emissions, with a 100% proper disposal rate for hazardous waste[91]. - The company reduced carbon emissions by 2.26 million tons of CO2 equivalent and recycled 843,000 tons of CO2 during the reporting period[91]. - The company has increased the number of supported schools from 37 to 59 as part of its rural revitalization efforts, completing consumption assistance of RMB 400 million[102]. Governance and Compliance - The company has adhered to all provisions of the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[89]. - Sinopec's governance policies include regulations for the management of shares held by directors and senior management, ensuring compliance with the standards set by the Hong Kong Listing Rules[81]. - The company has not implemented any equity incentive plans during the reporting period[89]. Risks and Challenges - The company is exposed to macroeconomic risks, including uncertainties in global economic growth and potential impacts from carbon tariffs and trade protectionism[125]. - Sinopec's operations are sensitive to industry cycles, with a significant portion of revenue derived from the sale of refined oil and petrochemical products[127]. - The company faces risks related to oil price volatility, geopolitical factors, and natural disasters, which could adversely affect financial performance[128]. - The company has implemented measures to mitigate various operational risks but acknowledges that complete risk elimination is not feasible[125].

Financial Performance - Operating revenue for the first half of 2023 was RMB 1,593,682 million, a decrease of 1.1% compared to RMB 1,612,126 million in the same period of 2022[6]. - Net profit attributable to shareholders of the parent company was RMB 35,111 million, down 20.1% from RMB 43,920 million in the first half of 2022[6]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 33,655 million, a decrease of 22.4% from RMB 43,350 million in the same period of 2022[6]. - Basic earnings per share decreased by 19.3% to 0.293 RMB compared to the same period last year[7]. - Operating profit for the first half of 2023 was RMB 53.7 billion, down 14.7% year-on-year[30]. - The net profit attributable to shareholders for the first half of 2023 was RMB 36.122 billion, a decline of 19.4% compared to RMB 44.841 billion in the same period of 2022[40]. - The company reported a net profit attributable to shareholders of RMB 33,655 million for the first half of 2023, a decrease of RMB 9,695 million compared to the same period last year[140]. - The EBITDA to total debt ratio decreased to 0.34 from 0.56 year-on-year, indicating a reduction in profitability[140]. Cash Flow and Liquidity - Net cash flow from operating activities increased significantly to RMB 27,562 million, up 457.1% from RMB 4,947 million in the first half of 2022[6]. - The net cash inflow from operating activities for the first half of 2023 was RMB 27.56 billion, an increase of RMB 22.62 billion year-on-year[62]. - The net cash outflow from investment activities was RMB 93.43 billion, an increase of RMB 42.29 billion compared to the same period last year[63]. - Cash inflow from financing activities was RMB 366,323 million, slightly up from RMB 349,919 million in the previous year[148]. - Net cash flow from financing activities decreased to RMB 66,861 million from RMB 75,212 million, indicating a decline in financing efficiency[148]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 2,026,902 million, representing a 3.9% increase from RMB 1,951,121 million at the end of 2022[6]. - Total liabilities as of June 30, 2023, were RMB 1,078.3 billion, an increase of RMB 66.73 billion from the end of 2022[60]. - The asset-liability ratio increased to 53.16% from 51.80%, primarily due to an increase in borrowings[140]. - Non-current liabilities increased to RMB 408.9 billion, up RMB 65.6 billion from the end of 2022, primarily due to increased long-term borrowings[74]. Revenue Segmentation - The exploration and development segment reported operating revenue of RMB 144.863 billion for the first half of 2023, a decrease of 8.4% year-on-year, primarily due to falling crude oil prices[46]. - The refining segment's operating revenue was RMB 729.557 billion, down 5.9% year-on-year, attributed to a significant decline in international crude oil prices[47]. - The marketing and distribution segment achieved operating revenue of RMB 871.348 billion, an increase of 10.0% year-on-year, reflecting strong sales performance[45]. - The chemical segment reported operating revenue of RMB 244.300 billion, a decrease of 12.2% year-on-year, impacted by lower product prices[45]. Investments and Capital Expenditure - Capital expenditure in the first half of 2023 totaled RMB 74.67 billion, with RMB 33.42 billion allocated to exploration and development, RMB 7.06 billion to refining, RMB 3.32 billion to marketing and distribution, and RMB 30.04 billion to chemicals[26]. - Capital expenditure for the second half of 2023 is projected to be RMB 104 billion, with RMB 41 billion for exploration and development and RMB 15.6 billion for refining[28]. Environmental and Social Responsibility - The company has strengthened its ESG management and is actively promoting carbon peak actions as part of its corporate social responsibility initiatives[1]. - The company achieved a 13% year-on-year reduction in COD emissions and a 2% decrease in sulfur dioxide emissions[91]. - Carbon emissions were reduced by 2.26 million tons of CO2 equivalent, with 843,000 tons of CO2 recycled and 422,000 tons injected for oil recovery[91]. Corporate Governance and Compliance - The company emphasizes the importance of maintaining accurate and complete financial reporting to stakeholders[3]. - The company has enhanced its compliance management and risk control, achieving new improvements in compliance management levels[1]. - The company strictly adheres to the corporate governance code as per the Hong Kong listing rules[89]. Future Outlook and Strategy - Future outlook remains cautious due to market volatility and external economic factors impacting the energy sector[2]. - The company aims to enhance its integrated energy services, expanding into hydrogen and electric charging businesses[20]. - The company plans to continue optimizing its supply chain and cost management to maximize overall industry chain benefits[23]. Employee and Talent Management - As of June 30, 2023, the company employed 368,450 staff, with total employee compensation costs amounting to approximately RMB 49.949 billion[86]. - The company has implemented 29 key talent training projects during the reporting period, training a total of 3,100 individuals[88].

Financial Performance - Revenue increased by 2.59% to RMB 791,331 million compared to the same period last year[4] - Net profit attributable to parent company shareholders decreased by 11.83% to RMB 20,102 million compared to the same period last year[4] - Basic earnings per share decreased by 10.64% to RMB 0.168 compared to the same period last year[4] - Weighted average return on equity decreased by 0.38 percentage points to 2.52% compared to the same period last year[4] - Net profit attributable to parent company shareholders in Q1 2023 was RMB 20.102 billion under Chinese accounting standards and RMB 20.740 billion under international financial reporting standards[11] - Total revenue for the first quarter of 2023 reached RMB 791.331 billion, an increase from RMB 771.386 billion in the same period last year[24] - Net profit attributable to parent company shareholders was RMB 20.102 billion, down from RMB 22.8 billion in the first quarter of 2022[24] - Operating profit for the first quarter of 2023 was RMB 29.404 billion, compared to RMB 33.777 billion in the same period last year[24] - Basic earnings per share (EPS) for the first quarter of 2023 were RMB 0.168, down from RMB 0.188 in the first quarter of 2022[25] - Total comprehensive income for the first quarter of 2023 was RMB 21.645 billion, compared to RMB 29.19 billion in the same period last year[25] - Revenue for the first quarter of 2023 was 791,331 million RMB, up from 771,386 million RMB in the same period last year[33] - Net profit attributable to shareholders of the company was 20,740 million RMB, down from 23,533 million RMB in the same period last year[33] - Basic earnings per share decreased to 0.173 RMB from 0.194 RMB[33] - Net profit under Chinese Accounting Standards was RMB 22,864 million, compared to RMB 26,690 million in the same period last year[46] - Adjusted net profit for the 3 months ended March 31, 2022 increased by RMB 214 million to RMB 26,690 million[50] - Adjusted net profit for the 3 months ended March 31, 2022 was RMB 27,543 million, an increase of RMB 214 million compared to the unadjusted figure[59] - Total comprehensive income for the 3 months ended March 31, 2022 was RMB 30,043 million, up RMB 214 million from the unadjusted amount[60] - Basic and diluted earnings per share for the 3 months ended March 31, 2022 were both RMB 0.194, an increase of RMB 0.001 from the unadjusted figures[59] Assets and Liabilities - Total assets increased by 3.08% to RMB 2,011,153 million compared to the end of the previous year[4] - Accounts receivable increased by 51.24% to RMB 70,122 million due to increased receivables from crude oil trade[8] - Short-term borrowings increased by 298.74% to RMB 84,983 million to supplement working capital[8] - Long-term borrowings increased by 36.83% to RMB 129,943 million to meet capital expenditure needs[8] - Total assets increased to RMB 2,011.153 billion as of March 31, 2023, up from RMB 1,951.121 billion at the end of 2022[19] - Total liabilities rose to RMB 1,050.940 billion as of March 31, 2023, compared to RMB 1,010.664 billion at the end of 2022[20] - Shareholders' equity increased to RMB 960.213 billion as of March 31, 2023, from RMB 940.457 billion at the end of 2022[20] - Total liabilities amounted to RMB 649.979 billion, slightly higher than RMB 636.793 billion in the previous year[22] - Total equity of shareholders increased to RMB 514.585 billion from RMB 506.627 billion[22] - The company's total assets and liabilities combined amounted to RMB 1.164564 trillion, up from RMB 1.14342 trillion in the previous year[22] - Total assets as of March 31, 2023, were 1,426,384 million RMB, slightly down from 1,427,981 million RMB at the end of 2022[35] - Total equity attributable to shareholders of the company increased to 806,099 million RMB from 787,600 million RMB[37] - Shareholders' equity under Chinese accounting standards increased from RMB 940,457 million to RMB 960,213 million as of March 31, 2023[47] - Equity under international financial reporting standards increased from RMB 939,542 million to RMB 959,305 million as of March 31, 2023[47] - Total equity increased by RMB 3,304 million to RMB 940,457 million as of December 31, 2022[52] - Net assets as of December 31, 2022 were RMB 939,542 million, an increase of RMB 3,304 million compared to the unadjusted amount[61] - Total non-current assets as of December 31, 2022 were RMB 1,427,981 million, an increase of RMB 2,481 million compared to the unadjusted amount[61] - Total equity attributable to the company's shareholders as of December 31, 2022 was RMB 787,600 million, up RMB 2,894 million from the unadjusted figure[61] - Equity attributable to non-controlling interests as of December 31, 2022 was RMB 151,942 million, an increase of RMB 410 million compared to the unadjusted amount[61] Cash Flow and Financing - Cash received from borrowings in Q1 2023 increased by 65.44% to RMB 228.36 billion[9] - Operating cash flow from activities was RMB 878.252 billion, a 4.5% increase compared to RMB 840.175 billion in the same period last year[27] - Net cash used in operating activities was RMB 18.397 billion, a significant improvement from RMB 46.781 billion in the previous year[27] - Net cash used in investing activities increased to RMB 54.289 billion from RMB 38.080 billion, reflecting higher capital expenditures[27] - Net cash from financing activities rose to RMB 82.285 billion, up from RMB 58.780 billion, driven by increased borrowing[27] - The company's cash and cash equivalents at the end of the period stood at RMB 101.935 billion, compared to RMB 82.152 billion in the previous year[28] - Parent company's operating cash flow improved to RMB 23.881 billion from a negative RMB 5.161 billion in the same period last year[29] - The company's total debt repayment amounted to RMB 139.146 billion, compared to RMB 73.648 billion in the same period last year[28] - Net cash used in operating activities was RMB 18,397 million, a significant improvement compared to RMB 46,781 million in the same period last year[39] - Capital expenditures amounted to RMB 27,956 million, slightly lower than RMB 31,762 million in the previous year[39] - Net cash provided by financing activities was RMB 82,285 million, compared to RMB 58,780 million in the same period last year[39] - The company's cash and cash equivalents at the end of the period were RMB 101,935 million, up from RMB 82,152 million year-over-year[39] Segment Performance - Oil and gas equivalent production in Q1 2023 reached 124.6 million barrels, a year-on-year increase of 2.6%[12] - Natural gas production in Q1 2023 was 3,304.7 billion cubic feet, up 5.3% year-on-year[12] - Refining segment EBIT in Q1 2023 was RMB 10.459 billion with crude oil processing volume of 62.24 million tons[13] - Total refined oil product sales volume in Q1 2023 was 56.16 million tons, a 10.1% year-on-year increase[14] - Marketing and distribution segment EBIT in Q1 2023 reached RMB 8.475 billion[14] - Domestic refined oil product sales volume in Q1 2023 was 44.57 million tons, up 8.5% year-on-year[15] - Retail sales volume increased by 7.4% year-on-year to 29.36 million tons[16] - Direct sales and distribution volume rose by 10.9% year-on-year to 15.21 million tons[16] - Annual average refueling volume per station grew by 6.8% to 3,802 tons[16] - Ethylene production decreased by 7.2% year-on-year to 3,347 thousand tons[17] - Chemical product operating volume increased by 0.2% year-on-year to 2,069 million tons[16] - Operating profit for the Exploration and Production segment increased to 11,447 million RMB from 10,494 million RMB[32] - Refining segment operating profit decreased to 9,836 million RMB from 22,061 million RMB[32] - Marketing and Distribution segment operating profit decreased to 8,062 million RMB from 9,318 million RMB[32] - Chemical segment operating profit turned negative at (2,144) million RMB compared to 1,157 million RMB[32] - Total operating profit for the company decreased to 29,404 million RMB from 33,777 million RMB[32] - Revenue from the marketing and distribution segment increased to RMB 412,676 million, up from RMB 370,095 million year-over-year[42] - The chemical segment reported a loss of RMB 1,780 million, compared to a profit of RMB 1,325 million in the same period last year[43] - Consolidated operating income reached RMB 791,331 billion, up 2.6% from RMB 771,386 billion in the previous year[31] - The exploration and production segment generated a profit of RMB 12,847 million, up from RMB 10,429 million year-over-year[43] - Revenue from the refining segment decreased to RMB 367,382 million, down from RMB 384,300 million in the previous year[42] Capital Expenditure and Investments - Capital expenditure for Q1 2023 was RMB 23.4 billion, with RMB 14.98 billion allocated to exploration and development[18] - Capital expenditures amounted to RMB 27,956 million, slightly lower than RMB 31,762 million in the previous year[39] Taxes and Deferred Tax - Total taxes paid in Q1 2023 decreased by RMB 49.176 billion compared to the same period last year due to deferred tax payments in the previous year[9] - The impact of deferred tax adjustments on net profit for the 3 months ended March 31, 2022 was RMB 214 million[50] - Deferred tax assets increased by RMB 2,481 million to RMB 22,433 million as of December 31, 2022[52] - Deferred tax liabilities decreased by RMB 823 million to RMB 7,256 million as of December 31, 2022[52] - Deferred tax assets as of December 31, 2022 were RMB 22,433 million, up RMB 2,481 million from the unadjusted figure[61] Shareholders and Equity - The company's total number of shareholders at the end of the reporting period was 428,736, with China Petrochemical Corporation holding 67.20% of shares[10] - Total equity attributable to shareholders of the company increased to 806,099 million RMB from 787,600 million RMB[37] - Shareholders' equity under Chinese accounting standards increased from RMB 940,457 million to RMB 960,213 million as of March 31, 2023[47] - Equity under international financial reporting standards increased from RMB 939,542 million to RMB 959,305 million as of March 31, 2023[47] - Total equity increased by RMB 3,304 million to RMB 940,457 million as of December 31, 2022[52] - Net assets as of December 31, 2022 were RMB 939,542 million, an increase of RMB 3,304 million compared to the unadjusted amount[61] - Total equity attributable to the company's shareholders as of December 31, 2022 was RMB 787,600 million, up RMB 2,894 million from the unadjusted figure[61] - Equity attributable to non-controlling interests as of December 31, 2022 was RMB 151,942 million, an increase of RMB 410 million compared to the unadjusted amount[61] Other Comprehensive Income and Expenses - Other comprehensive income decreased by 73.99% to RMB 799 million due to changes in foreign currency translation differences and hedging business gains/losses[8] - Research and development expenses increased to RMB 2.841 billion from RMB 2.706 billion in the first quarter of 2022[24] - Interest expenses rose to RMB 5.604 billion from RMB 3.743 billion in the first quarter of 2022[24] - Government subsidies decreased from RMB 915 million to RMB 908 million as of March 31, 2023[47] - Net profit for the parent company increased by RMB 133 million to RMB 5,995 million for the 3 months ended March 31, 2022[55]

Financial Performance - Total operating revenue for 2022 reached RMB 3,318,168 million, an increase of 21.06% compared to RMB 2,740,884 million in 2021[5] - Net profit attributable to shareholders of the parent company was RMB 66,302 million, a decrease of 6.89% from RMB 71,208 million in the previous year[5] - The operating profit for 2022 was RMB 96,414 million, a decrease of 14.23% from RMB 112,414 million in 2021[5] - The net profit after deducting non-recurring gains and losses was RMB 57,182 million, down 20.82% from RMB 72,220 million in the previous year[5] - Basic earnings per share for 2022 decreased by 6.80% to RMB 0.548 from RMB 0.588 in 2021[6] - The company reported a significant increase of 70.8% in cash received from operating activities, totaling RMB 269,895 million compared to RMB 158,049 million in 2021[10] - Operating profit for the year was RMB 75.8 billion, a decrease of 19.9% compared to the previous year[47] - Profit attributable to shareholders was RMB 66.2 billion, reflecting a year-on-year decline of 8.1%[53] Cash Flow and Assets - The net cash flow from operating activities was RMB 116,269 million, down 48.36% from RMB 225,174 million in 2021[5] - The company's cash and cash equivalents decreased by 34.7% to RMB 145,052 million from RMB 221,989 million in 2021[10] - The total assets as of December 31, 2022, amounted to RMB 1,948,640 million, reflecting a 3.1% increase from RMB 1,889,255 million in 2021[5] - The company's total liabilities increased by RMB 38.22 billion to RMB 1,012.40 billion, with current liabilities rising by RMB 26.11 billion[73] Dividends and Shareholder Returns - The company proposed a final cash dividend of RMB 0.195 per share, in addition to an interim dividend of RMB 0.16 per share, totaling RMB 0.355 per share for the year[3] - The company plans to distribute a final cash dividend of RMB 0.195 per share, leading to a total cash dividend of RMB 0.355 per share for the year, with a payout ratio of approximately 71%[16] Production and Operations - The company reported a domestic oil and gas equivalent production reaching a historical high, achieving the best profit level since the 13th Five-Year Plan[17] - The company’s total non-current assets increased to RMB 1,425,500 million in 2022 from RMB 1,331,231 million in 2021, showing a growth of approximately 7%[13] - The company's oil and gas equivalent production was 488.99 million barrels in 2022, a year-on-year increase of 1.9%[25] - The crude oil processing volume for 2022 was 242.27 million tons, down 5.1% from 255.28 million tons in 2021[33] - The total sales volume of refined oil reached 207 million tons, with domestic sales accounting for 163 million tons[34] Market and Pricing - In 2022, the average Brent crude oil price was $101.2 per barrel, an increase of 43.1% year-on-year[21] - The average realized price for crude oil increased by 45.9% to RMB 4,449 per ton in 2022, while the sales volume rose by 14.1% to 8,171 thousand tons[49] - The revenue from the refining and marketing and distribution segments reached RMB 1,855.8 billion, accounting for 55.9% of total revenue, with a year-on-year growth of 20.9% due to significant increases in refined oil sales prices[51] Research and Development - Research and development expenses for 2022 amounted to RMB 22.51 billion, with RMB 12.77 billion classified as expenses and RMB 9.74 billion as capitalized[78] - The company applied for 8,687 patents in 2022, receiving 6,289 patent grants[39] Environmental and Social Responsibility - The company achieved an 8.3% year-on-year reduction in COD emissions and a 4.0% decrease in sulfur dioxide emissions[158] - A total of 2.46 million tons of greenhouse gas emissions were reduced, equivalent to 12.5 million tons of CO2 equivalent[159] - The company invested RMB 2.11 billion in poverty alleviation and rural revitalization efforts, with a 10% increase in various support measures[172] Governance and Compliance - Sinopec's board approved the "14th Five-Year Plan" and 2035 vision goals, focusing on high-quality development and value creation for stakeholders[98] - The company emphasizes the importance of ESG integration into its development strategy to enhance governance and risk management[18] - Sinopec's internal control system has been continuously improved, with effective implementation and evaluation reported[94] - The company adheres to anti-corruption laws and actively promotes a culture of integrity and compliance within its operations[115] Future Outlook and Investments - The company plans to invest RMB 165.8 billion in capital expenditures in 2023[18] - The company plans to produce 280.23 million barrels of crude oil in 2023, including 29.03 million barrels from overseas[43] - The company anticipates rapid growth in domestic demand for natural gas, refined oil, and chemical products in 2023[42]

2022 年度報告 目錄 2 公司簡介 3 主要財務數據及指標 7 董事長致辭 9 經營業績回顧及展望 16 管理層討論與分析 26 公司治理 48 環境和社會責任 50 重要事項 57 關聯交易 59 董事會報告 68 監事會報告 70 股份變動及主要股東持股情況 72 債券相關情況 74 主要全資及控股公司 75 財務會計報告 211 公司資料 212 備查文件目錄 本年度報告包括前瞻性陳述。除歷史事實陳述外，所有本公司預計或期 待未來可能或即將發生的業務活動、事件或發展動態的陳述（包括但不限 於預測、目標、儲量及其他估計以及經營計劃）都屬於前瞻性陳述。受諸 多可變因素的影響，未來的實際 ...

中国后化 0000 中国石化 SINOPEC BEIJING 2022 北 京 2022 年 冬 奥 会 官 方 合 作 伙 伴 Pr 2022 半年度報告 中国石油化工股份有限公司 中国互油化工股份有限公司 目錄 | --- | --- | |-------|--------------------| | 2 | 公司簡介 | | 4 | 主要財務數據及指標 | | 8 | 經營業績回顧與展望 | | 12 | 管理層討論與分析 | | 23 | 公司治理 | | 26 | 環境和社會責任 | | 28 | 重要事項 | | 36 | 股份變動及股東情況 | | 37 | 債券相關情況 | | 40 | 財務會計報告 | | 144 | 備查文件目錄 | 本報告包括前瞻性陳述。除歷史事實陳述外，所有本公司預計或期待未 來可能或即將發生的業務活動、事件或發展動態的陳述（包括但不限於預 測、目標、儲量和其他預估及經營計劃）都屬於前瞻性陳述。受諸多可變 因素的影響，未來的實際結果或發展趨勢可能會與這些前瞻性陳述出現 重大差異，該等前瞻性陳述不構成本公司對投資者的實質承諾，投資者 及相關人士均應當對此保持足夠的風險 ...

中国石化 ODEC 中国石化 SINOPEC BEIJING 2022 北 京 2022 年 冬 奥 会 官 方 合 作 伙 伴 電影 Fr 2021 年度報告 中国石油化工股份有限公司 中国空湖化工股份有限公司 目錄 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...