Sinopec's gasoline-processing capacity soared 50% in 5 years

Sinopec (600028) SH, hereinafter referred to as "Sinopec", at least 80 billion yuan in 2010 of net profit, will make the enterprise to create a more historic success. The main reason behind this is the gradual recovery of domestic economy and the basic position of oil price adjustment mechanism.　　At the same time, although the company's gasoline processing last year increased by less than 5%, but the continuous increase in domestic private car sales, so that Sinopec's gasoline processing volume in the last 5 years, 50% of the increase. Gasoline processing volume increased Sinopec's business data announced last year, the company's crude oil production almost no growth, but crude processing volume of 211 million tons, an increase of 13.2%, oil sales of 140 million tons, the increase of 13%, retail and wholesale sales growth of 11% and 26.5%, the production and sales volume of 10　　% of the rapid growth. Sinopec, by contrast, did not increase its petrol production last year, with 36 million tonnes rising 4.2% per cent compared with the previous year. "This increase is not higher than the increase in diesel fuel."　　"Redingkun, a researcher at CIC Securities, told the first financial daily that Diesel has created 76 million tonnes of processing in the last year, an increase of more than 10% per cent, mainly because in the last October some provinces and cities in order to complete the" energy-saving emissions "indicators, many industrial enterprises to increase the amount of diesel fuel,　　But, looking back 5 years, Sinopec's petrol-processing growth is still staggering. From 2005 to 2009, Sinopec's gasoline processing capacity was 23 million tons, 23 million tons, 24.7 million tons, 29.1 million tons and 34.5 million tons respectively. That said, the company's gasoline processing capacity (36 million tonnes) last year increased by about 50% compared with 2005.　　The increase of diesel oil in the same period was 40%.　　Car sales increase is the main reason for Redingkun that the increase in gasoline processing volume has been such a big increase in China's auto industry, especially the car industry's big development directly related.　　According to the annual consumption of about 1200 litres of petrol per vehicle calculation, China's current car oil is 30 million tons per year. According to the National Bureau of Statistics survey, in 2005, China's small private car holdings of nearly 10 million vehicles. 2010, China's car sales of about 9.49 million units, the year-on-year increase of 27%.　　If we refer to the 2009 Private car ownership volume of 26.05 million vehicles, the estimated domestic private car total of 36 million vehicles, compared to more than 2005 years out of the 2000多万辆. "The increase in car volume is higher than the increase in petrol sales, which is caused by a number of reasons."　　A fund researcher, who declined to be named, said the new increase in the car was higher, but the main use of petrol in that year was the existing car stock, after all, some new cars are not sold out, they will be on the road immediately.　　Second, not all petrol is supplied to cars. Reporter inquires The National Bureau of Statistics found that transportation, warehousing and postal consumption of petrol, about 50% of the total gasoline consumption. and industrial oil consumption ratio of 10%, living, buildingThe ratio of construction to 5% to 8%. "For example, China's car sales grew very fast in 2009 and passenger vehicle sales rose by 53% in the year. But the oil production and sales of petroleum companies in that year were far below that figure. Therefore, if we look at the consumption of petrol, on the one hand, we should refer to the ownership of the car and the observation time will be longer, on the other hand, we must look at the industry, construction, consumer services and other industries to use oil.　　National Gold Securities researcher Liu pointed out.　　Liu believes that the future increase in China's car sales, will promote gasoline production and sales continue to go higher.　　In 2010, China's gasoline processing capacity accumulated 76.75 million tons, so that 3000多万辆 car's gasoline demand accounted for about 40% of the gasoline production. On the other hand, however, the continued rise in oil prices may dampen car consumption, and some will prefer public transport as their first choice.