Sinopec profits 70.7 billion yuan last year

Sinopec (600028) achieved a net profit of 70.713 billion yuan last year, an increase of 12.8%, a share of 0.816 yuan, the proposed late-stage interest per share of 0.13 yuan. Last year, the company produced 328 million barrels of crude oil, an increase of 0.1%, the annual processing of 211 million tons of raw material oil, the growth of 13.2% per cent, production of refined oil 124 million tons, the year-on-year increase of 9.4%, the total distribution of oil products 140 million tons, an increase of 13.3%.　　Chemical products, the annual production of ethylene 9.059 million tons, an increase of 34.9%, chemical products operating total of 43.5 million tons. Since last year's high oil prices, in addition to upstream exploration and development of the gross profit margin has increased, Sinopec last year, the lower and middle sections of the gross profit margin declined.　　Among them, the refinery gross profit margin of 3.7%, down 2.2% year-on-year. According to China Petrochemical announced the "Twelve-Five" development Goals, 2015, the company's domestic crude oil production reached 4350~4500 million tons, natural gas production reached 20.024 trillion cubic meters, crude processing capacity reached 255 million tons, the domestic product sales reached more than 170 million tons, terminal sales ratio of more than 80%,　　Oil production reached 156 million tons, ethylene production capacity reached 1250~1350 million tons/year, chemical products operating total of 550.06 billion tons. The company expects the overall level of oil prices to be higher than 2010 in 2011 as the world economy recovers. 2011 Annual capital expenditure of the company is 124.1 billion yuan. Annual plan to produce 45.59 million tons of crude oil, 14.1 billion cubic meters of natural gas, processing of 222 million tons of raw materials, equivalent to 5.2% year-on-year growth, production of oil 132 million tons, finished the domestic product sales by 147 million tons, production of 9.85 million tons of ethylene. Responsible Editor: NF045