搜索
Search

NEWS 

News center

这是描述信息
/
/
/
Sinopec's net profit of 46.4 billion yuan last year increased 44% year-on-year, earned 127 million yuan

Sinopec's net profit of 46.4 billion yuan last year increased 44% year-on-year, earned 127 million yuan

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:

Sinopec's net profit of 46.4 billion yuan last year increased 44% year-on-year, earned 127 million yuan

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

March 26 evening, the Chinese petrochemical released 2016 annual report showed that in 2016 the company achieve the business income is 1.93 trillion yuan, fell by 4.4%; Net profit of 46.4 billion yuan, up 43.8% year-on-year, day to earn 127 million yuan.

Distributed board recommended final dividend per share 0.17 yuan, plus medium-term have dividends per share 0.079 yuan, 0.249 yuan per share, for the whole year dividend rate of 64.6%.

Sinopec said in 2016, in the face of rising international oil prices low volatility, resource supply abundant domestic refined oil market, competition is intense, stable chemical demand growth, increasingly strict environmental requirements in market environment, such as the company actively respond to market changes, focusing on the mass transfer efficiency upgrade.

Annual report in 2016, the exploration and development department and business income is 115.9 billion yuan, 16.4% year-on-year decline, mainly due to the crude oil, natural gas prices fell and oil sales. The division focus on resource structure optimization, pay close attention to cash flow, to control the cost. Because of the crude oil and natural gas prices, operating losses year-on-year increase. The division operating loss in 2016 of 36.6 billion yuan.

Because of a drop in the price of crude oil, oil companies, including sinopec, upstream results are not satisfactory, but the Chinese petrochemical refinery and chemical industry and other sectors outstanding performance, to make up for this part.

Annual report, said in 2016, the Chinese petrochemical refining margins of 471.9 yuan/ton, an increase of 153.8 yuan/ton, optimize product structure, mainly attributed to the company at the same time, the international crude oil prices rising, the domestic refined oil set lower limit price controls, product prices and raw material costs spreads widened.

Refining division, therefore, seize the oil prices bottoming out favorable opportunity, strengthen the crude oil procurement management, market-oriented optimized structure, increase exports, efforts to improve self locking product profitability, business performance year-on-year growth. The department of business income is 56.3 billion yuan, year-on-year increase income 35.3 billion yuan.

Annual report, according to the marketing and distribution business in the face of domestic refined oil supply abundant resources, market competitive environment, give full play to the terminal network advantage, good results have been achieved. The division in 2016 operating income of 32.2 billion yuan, up 11.4% from a year earlier.

In addition, in 2016, the chemical division seize the advantage of raw material price low, production and marketing cohesion closely and also achieve an income of 20.6 billion yuan year-on-year increase of 1.1 billion yuan.

At the same time, sinopec also released first-quarter earnings forecast, according to the first quarter of 2017 to achieve attributable to the parent company shareholders net income of 6.185 billion yuan, up 150% year on year, basic earnings per share 0.051 yuan. Main reason is that in the first quarter of this year the international crude oil price year-on-year growth, profitability year-on-year growth.

Need to mention is that as oil prices remain low, cnooc in 2016 net profit of 637 million yuan, down 97% year-on-year.

Is not hard to find, sinopec on middle and lower reaches of the integration of obvious advantages, last year earned 45.763 billion yuan more than cnooc and sinopec's net profit of about 73 times of cnooc.

Sinopec chairman yu-pu wang says in 2017, according to "much starker choices-and graver consequences-in planning objectives, the company plans to capital spending 110.2 billion yuan. Upstream to the basis, expand resources base, to develop the natural gas and shale gas, promote "gasification of the Yangtze river economic belt" action; Product sales play to network and brand advantages, continue to supply more clean oil, actively expand emerging business development space, integrated service providers to change; Continue to promote the multiplication of energy efficiency project, the implementation of "green action plan" enterprise, strive to become a green low carbon industry leader.

这是描述信息

ADD:Hebei Langfang City Yonghua Road No. 148-2
FAX:
0316-2781891
E-mail:lfjfy@126.com

这是描述信息
这是描述信息

Copyright Langfang jinfengyuan Petroleum Equipment Co., Ltd. All Right Reserved Powered by www.300.cn  冀ICP备09023940号-4