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    Home > Chemicals Industry > China Chemical > Sinopec releases 2021 annual performance report

    Sinopec releases 2021 annual performance report

    • Last Update: 2022-04-22
    • Source: Internet
    • Author: User
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      On March 27, Sinopec released its 2021 annual performance report
    .
    According to the International Financial Reporting Standards, the company achieved a turnover and other operating income of 2.
    74 trillion yuan, a year-on-year increase of 30.
    2%, and the company's shareholders' profit attributable to 71.
    975 billion yuan, a year-on-year increase of 115.
    2%, the best level in the past 10 years, basic net profit per share The profit is 0.
    594 yuan

    .
    The company's net cash flow from operating activities reached 225.
    174 billion yuan, a record high

    .

      According to the Chinese Accounting Standards for Business Enterprises, the net profit attributable to shareholders of the parent company was RMB 71.
    208 billion, and the basic earnings per share was RMB 0.
    588

    .
    The company has always attached great importance to shareholder returns, and distributed a dividend of 0.
    47 yuan per share throughout the year, with a dividend payout ratio of 80%

    .
    Based on the weighted average share price in 2021, the dividend yield of A shares and H shares will reach 10.
    8% and 14.
    3%, respectively

    .
    At the same time, the board of directors of the company put forward a general authorization proposal to increase repurchase to enrich the company's value management tools

    .

      In terms of exploration and development, the Company promoted oil and gas exploration and development in key basins in an integrated manner, continued to expand the scale of profitable construction and production, and achieved new breakthroughs in increasing reserves, stabilizing oil, increasing gas, and improving efficiency
    .
    In terms of exploration, a number of new oil and gas discoveries have been made, among which major breakthroughs have been made in the exploration of continental shale oil in the three major basins of Bohai Bay, North Jiangsu and Sichuan

    .
    In terms of crude oil development, we will accelerate the construction of crude oil production capacity in Shunbei and Tahe, and strengthen the fine development of old areas

    .
    In terms of natural gas development, speed up the capacity building of Weirong, Yongchuannan, Nanchuan and other gas fields, strengthen the fine development of Puguang, Yuanba and other gas fields, and deepen the three-dimensional development of Fuling shale gas fields

    .
    At the same time, the company signed a medium and long-term LNG contract to ensure the supply of natural gas; developed the high-end and high-quality natural gas market, and the sales volume and market share of natural gas continued to increase

    .
    The annual domestic crude oil output was 35.
    1549 million tons, the overseas crude oil output was 4.
    1773 million tons, and the natural gas output was 33.
    968 billion cubic meters, a year-on-year increase of 11.
    9%

    .

      In terms of refining, we will adhere to the integrated coordination of production and sales, focus on expanding the total volume and adjusting the structure, and maximize the overall efficiency of the industrial chain
    .
    Guided by market demand, accelerate the promotion of "oil conversion" and "oil conversion", vigorously increase the production of gasoline and chemical light oil, continue to promote the market expansion and sales of special products such as low-sulfur marine fuel, and maintain high-load operation of the equipment; optimize resource allocation, Procurement has achieved remarkable results in cost reduction; accelerated the construction of advanced production capacity, and promoted structural adjustment projects in an orderly manner

    .
    6 sets of hydrogen purification devices and filling facilities were built throughout the year

    .
    In the whole year, 255 million tons of crude oil were processed, a year-on-year increase of 7.
    8%, and 146 million tons of refined oil were produced, a year-on-year increase of 3.
    3%.
    Among them, the gasoline output was 65.
    21 million tons, a year-on-year increase of 12.
    6%, and the production of chemical light oil was 45.
    41 million tons, a year-on-year increase of 12.
    9%.

    .

      In terms of marketing and distribution, the Company will give full play to the advantages of integration and marketing network to continuously improve the quality and scale of operations
    .
    Innovate marketing methods, implement precise marketing strategies, and make every effort to expand the market and expand sales; further optimize the terminal network layout, establish an Internet operation center, and continue to promote online and offline integration; actively promote the construction of "oil, gas and hydrogen power service" comprehensive energy stations, and accelerate the construction of new energy service network

    .
    The total sales volume of refined oil products in the whole year was 221 million tons, of which the total sales volume of domestic refined oil products was 171 million tons, a year-on-year increase of 2.
    0%

    .

      In terms of chemical industry, adhere to "basic + high-end", accelerate the construction of advantages and advanced production capacity, strengthen structural adjustment, extend the industrial chain, and cultivate growth points
    .
    Continue to promote diversification of raw materials, optimize plant structure and maintenance arrangements, and maintain high-load production of profitable plants; closely integrate production, sales, research and use, increase research and development of high-end products and new materials, and increase the output of high value-added products such as metallocene polyolefin and carbon fiber

    .
    The annual output of ethylene was 13.
    38 million tons, a year-on-year increase of 10.
    9%

    .
    The total operating volume of chemical products in the year was 81.
    6 million tons, realizing full production and full sales

    .

      In terms of scientific and technological development, deepen the reform of the scientific and technological system and mechanism, increase investment in science and technology, and promote key and core technology research
    .
    Upstream, new progress has been made in oil and gas exploration theories in the Sichuan Basin and Shunbei area, and breakthroughs have been made in key technologies for exploration and development

    .
    In terms of oil refining, the world's first full-distillate crude oil catalytic cracking technology industrial test was completed; a breakthrough was made in the industrial application of MFP technology for the production of propylene and low-sulfur fuel oil components; needle coke products were successfully developed and produced

    .
    In terms of chemical industry, it took the lead in completing the industrial test of direct cracking of crude oil to produce ethylene; successfully developed 15 new lightweight products for green and environmental protection such as carbon fiber reinforced epoxy resin composite materials; and made breakthroughs in the development of a series of hydrogenated styrene elastomers

    .
    Throughout the year, 8,045 domestic and foreign patents were applied, and 4,868 domestic and foreign patent authorizations were obtained; 1 first prize, 5 second prizes of the 2020 National Science and Technology Progress Award, 1 second prize of the National Technology Invention Award; 1 Chinese Patent Gold Award , 4 silver awards and 11 excellence awards

    .

      In terms of health and safety, we continued to improve the HSE management system
    .
    Comprehensively promote the construction of HSE management system, and continue to strengthen professional management

    .
    Strengthen employee health and public safety management, strictly normalize epidemic prevention and control, improve emergency rescue capabilities, and protect the occupational health, physical health and mental health of domestic and foreign employees

    .
    Implement the responsibility system for safety production of all employees, promote the construction of a dual prevention mechanism for safety risk classification management and control and hidden danger investigation and management, promote the pilot construction of "industrial Internet + safety production", and carry out in-depth three-year special rectification actions for safety production and "100-day safety without accidents".
    and other special actions, the safety production situation has remained generally stable

    .

      In terms of capital expenditures, it focuses on promoting the high-quality development of the company through incremental investment
    .
    Capital expenditure for the year was RMB 167.
    9 billion

    .
    The capital expenditure of the exploration and development segment was RMB 68.
    1 billion, which was mainly used for crude oil production capacity construction in Shunbei, natural gas production capacity construction in Western Sichuan, Fuling, Weirong, storage and transportation facilities such as Tianjin LNG Phase II, Qingdao LNG Phase III, and Shengli CCUS, etc.
    Project construction; the capital expenditure of the refining segment was RMB 22.
    5 billion, which was mainly used for the expansion of Zhenhai Refinery and refinery structure adjustment projects such as Anqing and Yangzi; the capital expenditure of the marketing and distribution segment was RMB 21.
    9 billion, which was mainly used for refueling (gas) stations, " Construction of projects such as "Oil, Gas and Hydrogen Power Services" comprehensive energy stations and logistics facilities; capital expenditure of chemical sector of RMB 51.
    6 billion, mainly for the construction of Zhenhai, China and South Korea, Hainan, Tianjin Nangang, Gulei and other projects; headquarters and other capital expenditures of RMB 3.
    8 billion yuan, mainly used for scientific and technological research and development and informatization and other projects

    .

      Ma Yongsheng, chairman of Sinopec, said that in 2022, Sinopec will adhere to the general principle of seeking progress while maintaining stability, based on the new development stage, fully, accurately and comprehensively implement the new development concept, and focus on high-quality corporate governance, production and operation, transformation and development, technology Innovation, reform management and other aspects of work, unswervingly march towards the world's leading goal, create greater value for shareholders and society, and cheer for a better life
    .

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