中国石油化工股份有限公司上半年业绩发布ChinaPetroleumChemicalCointhefirsthalfofreleasedtheresults.ppt
China Petroleum&Chemical Corporation1H 2007 Results Announcement,August 27,2007Hong Kong,2007-08-27,2,Disclaimer,This presentation and the presentation materials distributed herein include forward-looking statements.All statements,other than statements of historical facts,that address activities,events or developments that Sinopec Corp.expects or anticipates will or may occur in the future(including but not limited to projections,targets,estimates and business plans)are forward-looking statements.Sinopec Corp.s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties,including but not limited to price fluctuations,actual demand,exchange rate fluctuations,exploration and development outcomes,estimates of proven reserves,market shares,competition,environmental risks,changes in legal,financial and regulatory frameworks,international economic and financial market conditions,political risks,project delay,project approval,cost estimates and other risks and factors beyond our control.In addition,Sinopec Corp.makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.,2007-08-27,3,Agenda,1H 2007 Overview1H 2007 Operational Results2H 2007 Operational Plan,1H 2007 Overview,2007-08-27,5,Review of Market Environment,Chinas economy maintained steady and rapid growth,GDP increased by 11.5%Domestic consumption of refined oil products grew by 4.2%Domestic ethylene-equivalent consumption grew by 8.4%International crude prices first declined and rose laterChemical product prices remained highDomestic refined oil products prices still tightly controlled,2007-08-27,6,Operational Overview,*Includes 100%production from YPC-BASF and Shanghai-Secco.,2007-08-27,7,Profit Growth,2007-08-27,8,Financial Position,2007-08-27,9,ROCE and Dividend,ROCE,Note:ROCE for 1H 2007 is not annualized,Dividend Per Share,RMB Yuan,1H 2007 Operational Results,2007-08-27,11,E&POperational Summary,2007-08-27,12,E&PSegment Performance,Crude Oil and Natural Gas Realized price,EBIT of E&P Segment,Crude OilRMB/tonne,Natural GasRMB/000 cubic meter,RMB million,2007-08-27,13,RefiningOperational Summary,2007-08-27,14,RefiningSegment Performance,EBIT of Refining Segment,Refining Margin/Cash Operating Cost,Refining Margin(RMB/tonne),Cash Operating Cost(RMB/tonne),RMB million,2007-08-27,15,MarketingOperational Summary,2007-08-27,16,MarketingSegment Performance,EBIT of Marketing Segment,RON#90 Gasoline Guidance Price,RMB/Tonne,#0 Diesel Guidance Price,RMB/Tonne,RMB million,2007-08-27,17,ChemicalsOperational Summary,*Includes 100%production from YPC-BASF and Shanghai-Secco.,2007-08-27,18,ChemicalsSegment Performance,EBIT of Chemicals Segment,Chemicals Price Spread(2002 Jul.2007),USD/tonne,RMB million,2007-08-27,19,Energy consumption per unit of production decreased by 3.95%Energy consumption per unit of production for E&P segment decreased by 4.72%Energy consumption per unit of production for Refining segment increased by 0.28%Energy consumption of ethylene units decreased by 1.02%Fresh water consumption and water discharge reduced substantiallyFresh water consumption reduced by 5%Wastewater discharge reduced by 7%COD in wastewater reduced by 15%,Environmental Record,2007-08-27,20,Effective Cost Control,RMB million,1H 2007 Cost Saving,2007-08-27,21,Capital Expenditure,E newly added 307 stations.Chemicals:RMB 3.30 billion.Tianjin ethylene,Zhenhai ethylene and Fujian Ethylene projects progressed smoothly,1H 2007 Capex,RMB million,2H 2007 Operational Plan,2007-08-27,23,Market Environment for 2H2007,Chinas economy is expected to maintain rapid growthDemand for oil products and petrochemicals will increase steadilyInternational crude oil prices will remain highRefining business will still be under pressurePetrochemical product prices will remain at a relative high level,2007-08-27,24,2H 2007 Operation Estimates,2007-08-27,25,For Further Information,http:/,Investor RelationsBeijing:Tel:(8610)64990060 Fax:(8610)64990489Email:Hong Kong:Tel:(852)28242638 Fax:(852)28243669Email:New York:Tel:(212)759 5085 Fax:(212)759 6882Email:,Media Relations Tel:(8610)64990092Fax:(8610)64990093Email:,
