Sinopec's bright spots in the first half of the year have achieved a net profit of 40 billion yuan

On August 29, Sinopec released its 2021 interim performance report.
According to the International Financial Reporting Standards, the company's operating income in the first half of the year was 1.
26 trillion yuan, a year-on-year increase of 22%.
The profit attributable to shareholders was 40 billion yuan, and the earnings per share were 0.
33 yuan.
It has strong capabilities and achieved the best performance in the same period in the past three years, surpassing the level before the epidemic year-on-year
.
The company's stable financial status and abundant cash flow provide sufficient capital guarantee for the company's future strategic development

In the first half of the year, the company vigorously implemented the world's leading development strategy, made every effort to build a "one base, two wings, three new" industrial structure, and unswervingly moved towards the middle and high end of the value chain of the industrial chain
.

The upstream sector promoted high-quality exploration and profitable development, and profitability improved significantly
.
Increased reserves, production and efficiency have been realized

The oil refining sector promoted the maximization of industrial chain efficiency, and profitability rebounded strongly
.
Adhere to the integrated coordination of production and sales, optimize the allocation of crude oil resources, vigorously increase the total processing volume, and maintain high-load operation of the equipment

Sales of refined oil products recovered quickly
.
Leveraging on the advantages of integration and network, we will make every effort to expand the market and expand sales, with a total sales volume of 109 million tons of refined oil products

The chemical sector adheres to the development direction of "basic + high-end"
.
Accelerate the construction of advantages and advanced production capacity, focus on structural adjustment, and successfully develop a batch of high value-added and high profit products

Capital expenditure pays more attention to quality and efficiency
.
In terms of investment, continue to optimize the investment management system and focus on improving the quality and efficiency of investment

Actively respond to climate change and continue to strengthen HSE management
.
Focusing on the national "dual-carbon" goal, strengthen the study of dual-carbon strategic paths, formulate and publish the "Guiding Opinions on Sinopec's Carbon Peak and Carbon Neutral Action", jointly launch the Chinese oil and gas enterprises methane emission control alliance, and launch China's first million The construction of a ton-level CCUS project-Qilu Petrochemical-Shengli Oilfield CCUS project, provides an application case for the country to promote the large-scale development of CCUS

Focus on high-quality development, and strive to achieve good performance throughout the year to create greater value
.
In the second half of the year, China's economy is expected to maintain steady growth on the basis of the good momentum in the first half of the year.
It is expected that domestic demand for refined oil will remain stable, demand for chemical products is expected to achieve a better growth rate, and demand for natural gas will continue to grow rapidly

　　Transfer from: Sinopec News Network