Sinopec: The net profit of the first half of the year was 43.53 billion yuan, which was the best level in history at the same time.

21st Century Business Herald reporter Peng Qiang Beijing report

On the afternoon of August 28, Sinopec (600028.SH) announced the financial report in the first half of the year. The company's oil and gas production continued to increase, and the revenue of the five major business sectors increased. The decline in net profit is obvious. Sinopec also decided to distribute 19.371 billion yuan in medium-term dividends, and intended to spend 1.25 billion yuan to 2.5 billion yuan to repurchase A shares.

During the reporting period, Sinopec achieved revenue of 1.6 trillion yuan, an increase of 27.9%year -on -year; net profit of home mother was 43.53 billion yuan, an increase of 10.4%year -on -year.

Sinopec said that in the first half of the year, the company fully exerted its integrated advantage and actively responded to market changes. The company decided to pay a medium -term dividend of 0.16 yuan/share, with a total dividend amount of 19.371 billion yuan, with a dividend rate of 44%.

In the first half of this year, Sinopec realized the amount of oil and gas volume of 34.04 million tons of oil, an increase of 2.9%year -on -year; of which, the domestic crude oil output was 17.55 million tons, an increase of 0.8%year -on -year; natural gas output was 17.4 billion cubic meters, a year -on -year increase of 5.4%.

今年上半年，全球经济增长放缓，受地缘政治冲突影响，国际油价高位震荡，带动主要能源价格与化工产品价格走高，但国内成品油、化工产品需求疲软，中国石化汽油、煤油、合成树脂、 The sales of products such as synthetic fibers declined to varying degrees.

Sinopec's crude oil in the first half of the year was 121 million tons, a decrease of 4.2%year -on -year; the production of yield oil was 68.99 million tons, a decrease of 4.4%year -on -year. Among them, gasoline and kerosene production decreased by 7.3%and 26.1%year -on -year, respectively, and only 7.4%of diesel grows positively.

From the perspective of the section, in the first half of the year, several major business sectors of Petrochemicals achieved income growth, but the income performance was not the same: the operational income of the exploration and development of the business department increased by more than three times, and the operating income of the marketing and distribution divisions increased slightly. The operating income of the Refining Division has decreased by more than 20 %, and the chemical industry has decreased by more than 90 %.

In the first half of the year, the Sinopec Investigation and Development Division realized operating income of 26.3 billion yuan, an increase of 322%year -on -year; the operating income of the marketing and distribution division was 16.9 billion yuan, an increase of 4.9%year -on -year; The significant increase in prices and weak demand. The business income of the division was 29.8 billion yuan, a year -on -year decrease of 24.4%.

Sinopec pointed out that in the first half of the year, the chemical business faced the difficult situation of high cost, high inventory, low load, and low gross profit in the industrial chain. According to data from the semi -annual report, Sinopec's chemical industry in the first half of the year achieved revenue of 278.2 billion yuan, an increase of 19.6%year -on -year; 100 million yuan, a year -on -year decrease of 12.6 billion yuan.

In the first half of the year, Sinopec's net operating activities were 4.947 billion yuan, a year -on -year decrease of 43.4 billion yuan.

Sinopec's capital expenditure in the first half of the year was 64.65 billion yuan, of which the expenditure for the exploration and development sector was 33.34 billion yuan. It was mainly used for the construction of crude oil production capacity such as Shunbei and Tahe. The construction of storage and transportation facilities such as Longkou LNG; the capital expenditure of the refining sector was 8.93 billion yuan, which was mainly used for the construction of Anqing and Yangzi oil refining structure adjustment projects and Zhenhai Refining and Chemical Phase II.

In the chemical sector, Sinopec's capital expenditure was 1,821 million yuan in the first half of the year, mainly used for ethylene projects such as Hainan and Tianjin Nangang, and the construction of the second phase of Jiujiang aromatic hydrocarbons, Zhenhai Refining and Chemical Phase, and Yicheng PTA.

Sinopec said that the board of directors has now approved the share repurchase plan and will repurchase A shares and H shares at the right time. On the afternoon of August 28, Sinopec issued an announcement saying that the company intends to use its own funds to repurchase A -share shares with a ownership of not less than 1.25 billion yuan and not more than 2.5 billion yuan. The repurchase shares will cancel and reduce the registered capital.

According to Sinopec, according to the calculating price limit of 6.18 yuan/share, it is expected that the number of repurchase shares is about 202 million-405 million shares, accounting for about 0.17%-0.33%of the company's total share capital.

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