中国石油化工股份有限公司2005年上半年业绩发布ChinaPetroleumChemicalCointhefirsthalfof2005releasedtheresults.ppt

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1、China Petroleum&Chemical Corporation 1H 2008 Results Announcement,August 26,2008Hong Kong,2008-08-26,2,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 dev

2、elopments 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-lo

3、oking 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 re

4、gulatory 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 oblig

5、ation to update these statements.,Disclaimer,2008-08-26,3,Agenda,1H 2008 Business Overview1H 2008 Operational Results2H 2008 Operational Plan,1H 2008 Business Overview,2008-08-26,5,Review of Market Environment,Chinas economy maintained steady and rapid growth,GDP increased by 10.4%Domestic consumpti

6、on of refined oil products grew by 13.9%Domestic ethylene-equivalent consumption grew by 2.5%International crude oil prices surgedDomestic refined oil product prices remained tightly controlledChemical product prices kept rising,driven by the surge of feedstock price,2008-08-26,6,Profitability,2008-

7、08-26,7,Financial Position,2008-08-26,8,Capital Expenditure,E Tianjin,Zhenhai ethylene projects and Jinling PX project progressed on scheduleCorporate and others:RMB 1.251 billion,RMB Million,2008-08-26,9,ROCE,Note:ROCE for 1H 2008 is not annualized,Dividend Per Share,RMB Yuan,Return and Dividend,1H

8、 2008 Operational Results,2008-08-26,11,E&POperational Summary,2008-08-26,12,E&P Segment Performance,Crude Oil and Natural Gas Realized prices,EBIT of E&P Segment,Crude OilRMB/tonne,Natural GasRMB/000 cubic meter,RMB million,2008-08-26,13,RefiningOperational Summary,2008-08-26,14,Refining Segment Pe

9、rformance,EBIT of Refining Segment,Refining Margin/Cash Operating Cost,Refining Margin(RMB/tonne),Cash Operating Cost(RMB/tonne),RMB million,2008-08-26,15,MarketingOperational Summary,2008-08-26,16,Marketing Segment Performance,RON#90 Gasoline Guidance Price,EBIT of Marketing Segment,#0 Diesel Guida

10、nce Price,RMB/Tonne,RMB million,RMB/Tonne,2008-08-26,17,ChemicalsOperational Summary,*100%production from YPC-BASF and Shanghai-Secco included.,2008-08-26,18,Chemicals Segment Performance,Chemicals Price Spread(2002 Jul.2008),EBIT of Chemicals Segment,USD/tonne,RMB million,2H 2008 Operational Plan,2

11、008-08-26,20,Market Environment for 2H 2008,Chinas economy is expected to maintain growth momentumDemand for oil products and petrochemicals will increase steadilyInternational crude oil prices will remain highDomestic refining business will still be under pressureDemand growth for chemical products

12、 may slow down,2008-08-26,21,2H 2008 Operational Plan,2008-08-26,22,http:/,Investor RelationsBeijing:Tel:(8610)64990060 Fax:(8610)64990022Email:Hong Kong:Tel:(852)28242638 Fax:(852)28243669Email:New York:Tel:(212)759 5085 Fax:(212)759 6882Email:,Media RelationsTel:(8610)64990092Fax:(8610)64990093Email:,For Further Information,