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    Home > Chemicals Industry > China Chemical > Revenue has increased greatly!

    Revenue has increased greatly!

    • Last Update: 2021-06-13
    • Source: Internet
    • Author: User
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    ✧ In the first quarter, realized operating income of RMB 576.


    ✧ In the first quarter, realized operating income of RMB 576.


    ✧ Earnings per share is RMB 0.


    ✧ Cash flow at the end of the first quarter exceeded RMB 198 billion;

    ✧ The output of natural gas, gasoline and diesel, the sales volume of refined oil products, and the total business volume of chemical products all increased significantly year-on-year.


    ✧ The output of natural gas, gasoline and diesel, the sales volume of refined oil products, and the total business volume of chemical products all increased significantly year-on-year.


    On April 28 , Sinopec released its 2021 first quarter performance report.


    In accordance with International Financial Reporting Standards, the first quarter achieved operating income of RMB 576.


    In the first quarter, the global epidemic prevention and control effect gradually emerged.


    Exploration and developmentExploration and development

    Continue to strengthen high-quality exploration and profitable development, accelerate the construction of a natural gas production, supply, storage and marketing system, and make new progress in stabilizing oil, increasing gas, and reducing costs.


    Continue to strengthen high-quality exploration and profitable development, accelerate the construction of a natural gas production, supply, storage and marketing system, and make new progress in stabilizing oil, increasing gas, and reducing costs.


    In terms of exploration, continue to strengthen risk exploration in strategic areas, exploration in oil and gas-rich zones, and shale oil and gas exploration, and make important breakthroughs in oil and gas exploration in areas such as the Shunbei and Sichuan Basin;

    In terms of crude oil development, efficiently promote the production capacity construction of oil fields such as Shunbei and Zhunxi, strengthen the fine development of old areas, vigorously promote the application of enhanced oil recovery technologies, and lay a solid foundation for stable production;

    In terms of crude oil development, efficiently promote the production capacity construction of oil fields such as Shunbei and Zhunxi, strengthen the fine development of old areas, vigorously promote the application of enhanced oil recovery technologies, and lay a solid foundation for stable production;

    In terms of natural gas development, we accelerated the production capacity construction of gas fields in West Sichuan, Weirong, and Dongsheng, and strengthened natural gas market expansion.


    In terms of natural gas development, we accelerated the production capacity construction of gas fields in West Sichuan, Weirong, and Dongsheng, and strengthened natural gas market expansion.


    In the first quarter, oil and gas equivalent production was 117.


    The exploration and development segment's EBIT was RMB 3.


    RefiningRefining

    Giving full play to the advantages of the integration of refining and marketing, keeping abreast of market changes, and optimizing production organization and operation, refining equipment maintains stable and high-load operation, and crude oil processing volume is greatly increased;

    Giving full play to the advantages of the integration of refining and marketing, keeping abreast of market changes, and optimizing production organization and operation, refining equipment maintains stable and high-load operation, and crude oil processing volume is greatly increased;

    Guided by market demand, intensify the adjustment of product structure and increase the production of marketable and efficient products such as gasoline, jet fuel, chemical light oil, asphalt and lubricants;

    Guided by market demand, intensify the adjustment of product structure and increase the production of marketable and efficient products such as gasoline, jet fuel, chemical light oil, asphalt and lubricants;

    Optimize the allocation of crude oil resources, coordinate the management of the whole process of crude oil supply, and reduce procurement costs;

    Optimize the allocation of crude oil resources, coordinate the management of the whole process of crude oil supply, and reduce procurement costs;

    Increase the productivity of low-sulfur heavy-duty ships, and the output in the first quarter increased by 187% year-on-year , and the market share continued to increase.


    Increase the productivity of low-sulfur heavy-duty ships, and the output in the first quarter increased by 187% year-on-year , and the market share continued to increase.


    In the first quarter, 62.
    52 million tons of crude oil were processed , a year-on-year increase of 16.
    3% .

    The pre-interest and tax profit of the refining segment was RMB 19.
    885 billion, which turned losses into profits year-on-year, which was also better than the same period in 2019 .

    The pre-interest and tax profit of the refining segment was RMB 19.
    885 billion, which turned losses into profits year-on-year, which was also better than the same period in 2019 .

    Marketing and distribution

    Marketing and distributionMarketing and distribution

    Give full play to the advantages of the marketing network, continue to improve the marketing strategy, make every effort to expand the market and expand sales, and the volume of refined oil operations has increased significantly;

    Give full play to the advantages of the marketing network, continue to improve the marketing strategy, make every effort to expand the market and expand sales, and the volume of refined oil operations has increased significantly;

    Adhere to customer-centricity, vigorously develop differentiated marketing, and expand retail scale;

    Adhere to customer-centricity, vigorously develop differentiated marketing, and expand retail scale;

    Continue to optimize the terminal network layout to improve network integrity, stability and competitiveness;

    Continue to optimize the terminal network layout to improve network integrity, stability and competitiveness;

    Deepen the reform of non-oil business and promote the establishment of the membership system;

    Deepen the reform of non-oil business and promote the establishment of the membership system;

    Explore the new model of "Internet + Gas Station + Convenience Store + Third Party " , accelerate the construction of oil-hydrogen combined stations and hydrogen refueling stations, and build a comprehensive energy service pattern of " oil-gas-hydrogen-electric service " .

    Explore the new model of "Internet + Gas Station + Convenience Store + Third Party " , accelerate the construction of oil-hydrogen combined stations and hydrogen refueling stations, and build a comprehensive energy service pattern of " oil-gas-hydrogen-electric service " .

    In the first quarter, the total domestic sales of refined oil products reached 40.
    03 million tons.

    In the first quarter, the total domestic sales of refined oil products reached 40.
    03 million tons.

    The profit before interest and taxes of the marketing and distribution segment was RMB 8.
    55 billion, which turned losses into profits year-on-year, which was also better than the same period in 2019 .

    The profit before interest and taxes of the marketing and distribution segment was RMB 8.
    55 billion, which turned losses into profits year-on-year, which was also better than the same period in 2019 .

    Chemical industry

    Chemical industryChemical industry

    Strengthen market analysis, strengthen the dynamic optimization of equipment and product chain, actively optimize equipment maintenance, and achieve optimal operation of equipment structure and load;

    Strengthen market analysis, strengthen the dynamic optimization of equipment and product chain, actively optimize equipment maintenance, and achieve optimal operation of equipment structure and load;

    Close the connection between production and sales, optimize the raw material structure and product structure, increase the production of high-profit products, and continuously increase the proportion of high value-added and high-end products.
    In the first quarter, the proportion of synthetic fiber high value-added products was 33.
    6% , an increase of 0.
    6 % year-on-year .
    Synthetic rubber high value-added products The ratio was 35.
    5% , an increase of 5.
    2 % year-on-year , and the ratio of new synthetic resin products to special materials was 67.
    8% , an increase of 1.
    7 % year-on-year ;

    Close the connection between production and sales, optimize the raw material structure and product structure, increase the production of high-profit products, and continuously increase the proportion of high value-added and high-end products.
    In the first quarter, the proportion of synthetic fiber high value-added products was 33.
    6% , an increase of 0.
    6 % year-on-year .
    Synthetic rubber high value-added products The ratio was 35.
    5% , an increase of 5.
    2 % year-on-year , and the ratio of new synthetic resin products to special materials was 67.
    8% , an increase of 1.
    7 % year-on-year ;

    Innovating marketing models, deepening refined marketing, precise service levels, and increasing market development efforts, the sales volume of major chemical products increased significantly.

    Innovating marketing models, deepening refined marketing, precise service levels, and increasing market development efforts, the sales volume of major chemical products increased significantly.

    In the first quarter, the output of ethylene was 3.
    38 million tons, an increase of 11.
    7% year-on-year ; the total volume of chemical product operations was 19.
    84 million tons, an increase of 10.
    53% year-on-year .

    In the first quarter, the output of ethylene was 3.
    38 million tons, an increase of 11.
    7% year-on-year ; the total volume of chemical product operations was 19.
    84 million tons, an increase of 10.
    53% year-on-year .

    The pre-interest and tax profit of the chemical sector was RMB 8.
    933 billion, which turned losses into profits year-on-year, which was also better than the same period in 2019 .

    The pre-interest and tax profit of the chemical sector was RMB 8.
    933 billion, which turned losses into profits year-on-year, which was also better than the same period in 2019 .

    Capital expenditure

    Capital expenditureCapital expenditure

    Pay attention to investment quality and benefits, and continuously optimize investment projects.

    Pay attention to investment quality and benefits, and continuously optimize investment projects.

    The capital expenditure in the first quarter was RMB 23 billion, of which the exploration and development sector capital expenditure was RMB 9 billion, mainly for the construction of natural gas production capacity in Fuling and Weirong, the construction of crude oil production capacity in Shunbei and Jiyang, as well as Tianjin LNG Phase II and Shandong LNG.
    Phase II construction, etc.
    ;

    The capital expenditure in the first quarter was RMB 23 billion, of which the exploration and development sector capital expenditure was RMB 9 billion, mainly for the construction of natural gas production capacity in Fuling and Weirong, the construction of crude oil production capacity in Shunbei and Jiyang, as well as Tianjin LNG Phase II and Shandong LNG.
    Phase II construction, etc.
    ;

    The capital expenditure of the refining segment was RMB 7.
    6 billion, which was mainly used for the adjustment of the Anqing oil refining structure and the expansion of Zhenhai Refining and Chemical; the capital expenditure of the marketing and distribution segment was RMB 2.
    9 billion, which was mainly used for gas stations, gas stations, integrated energy stations, Construction of storage facilities, non-oil business and other projects;

    The capital expenditure of the refining segment was RMB 7.
    6 billion, which was mainly used for the adjustment of the Anqing oil refining structure and the expansion of Zhenhai Refining and Chemical; the capital expenditure of the marketing and distribution segment was RMB 2.
    9 billion, which was mainly used for gas stations, gas stations, integrated energy stations, Construction of storage facilities, non-oil business and other projects;

    The capital expenditure of the chemical sector was RMB 1.
    8 billion, which was mainly used for the construction of projects such as Zhenhai, Tianjin Nangang, Amur Natural Gas Chemical, Shanghai Large Tow Carbon Fiber, and Yizheng PTA ;

    The capital expenditure of the chemical sector was RMB 1.
    8 billion, which was mainly used for the construction of projects such as Zhenhai, Tianjin Nangang, Amur Natural Gas Chemical, Shanghai Large Tow Carbon Fiber, and Yizheng PTA ;

    Headquarters and other capital expenditures of RMB 1.
    7 billion are mainly used for scientific research equipment and information construction.

    Headquarters and other capital expenditures of RMB 1.
    7 billion are mainly used for scientific research equipment and information construction.

    Implement the world's leading development strategy

    Implement the world's leading development strategyImplement the world's leading development strategy

    At present, the world economy continues to recover and China’s economy is growing strongly.
    Sinopec will continue to firmly implement the world’s leading development strategy, centering on the vision of building a world-leading clean energy chemical company, and promote the formation of a "one base, two wings and three new" industrial structure, and accelerate the promotion of energy Transformation and industrial upgrading.
    During the "14th Five-Year Plan" period, it plans to deploy 1,000 hydrogen refueling stations, 5,000 recharging stations, and 7,000 distributed photovoltaic power generation sites to create a comprehensive energy service provider for " oil, gas, hydrogen, and electric service " , and promote high-quality development of the enterprise .
    In the context of carbon peak and carbon neutrality, Sinopec will unswervingly move towards net zero emissions, ensure that carbon dioxide peaks before the national carbon peak target, and strive to achieve carbon neutrality by 2050 10 years ahead of the national target .
    And, to make new contributions to the response to global climate change.

    At present, the world economy continues to recover and China’s economy is growing strongly.
    Sinopec will continue to firmly implement the world’s leading development strategy, centering on the vision of building a world-leading clean energy chemical company, and promote the formation of a "one base, two wings and three new" industrial structure, and accelerate the promotion of energy Transformation and industrial upgrading.
    During the "14th Five-Year Plan" period, it plans to deploy 1,000 hydrogen refueling stations, 5,000 recharging stations, and 7,000 distributed photovoltaic power generation sites to create a comprehensive energy service provider for " oil, gas, hydrogen, and electric service " , and promote high-quality development of the enterprise .
    In the context of carbon peak and carbon neutrality, Sinopec will unswervingly move towards net zero emissions, ensure that carbon dioxide peaks before the national carbon peak target, and strive to achieve carbon neutrality by 2050 10 years ahead of the national target .
    And, to make new contributions to the response to global climate change.
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