中国石化发布2024年经营业绩 利润分派率达75%

Sinopec Releases 2024 Operating Results Profit Distribution Ratio of 75%

✧按照国际财务报告准则，公司实现营业收入人民币3.07万亿元，公司股东应占利润为人民币489.4亿元，每股盈利人民币0.404元。公司注重股东回报，预计全年派发现金股利每股人民币0.286元(含税)，与回购金额合并计算后年度利润分派比例达到75%。

✧ In accordance with International Financial Reporting Standards (IFRS), the company achieved operating revenue of RMB3.07 trillion, profit attributable to the company's shareholders of RMB48.94 billion, and earnings per share of RMB0.404. Focusing on shareholder returns, the Company expects to pay out cash dividends of RMB0.286 per share (tax inclusive) for the year, which, when combined with the buyback amount, will result in an annual profit distribution ratio of 75%.

✧油气当量产量515.35百万桶，天然气产量14004亿立方英尺，同比增长4.7%，天然气全产业链盈利创历史新高，境内油气储量替代率达144%;加工原油2.52亿吨，煤油产量同比增长8.6%，PX产量再创历史新高;成品油总经销量2.39亿吨。

✧ Oil and gas equivalent production of 515.35 million barrels, natural gas production of 1,400.4 billion cubic feet, a year-on-year increase of 4.7%, natural gas industry chain profit hit a record high, the replacement rate of oil and gas reserves in the territory of 144%; processing of 252 million tons of crude oil, kerosene production increased by 8.6% year-on-year, the production of PX hit a record high; the total distribution volume of refined oil products of 239 million tons.

✧充换电、氢能、生物燃料、CCUS等新兴产业快速发展，累计建成加气站超千座、充换电站超万座。

✧ Rapid development of emerging industries such as power charging and switching, hydrogen energy, biofuels, CCUS, etc., with more than 1,000 gas filling stations and more than 10,000 charging and switching stations built cumulatively.

✧公司首次制定市值管理制度，将市值管理作为一项长期战略管理行为。同时，董事会审议并通过新一轮回购授权议案。2021年至2024年，公司回购股份金额共人民币86.35亿元。

✧ For the first time, the Company formulated a market value management system, making market value management a long-term strategic management behavior. Meanwhile, the Board of Directors considered and passed a new round of repurchase authorization motion. from 2021 to 2024, the company repurchased shares for a total amount of RMB 8.635 billion.

3月23日，中国石化发布2024年度业绩报告。2024年，面对复杂经营形势和激烈市场竞争，中国石化深入贯彻新发展理念，

On March 23, SINOPEC released its 2024 annual results report. 2024, in the face of the complex business situation and fierce market competition, SINOPEC implemented the new development concept in depth, optimized production and operation, and comprehensively coordinated all aspects of production and operation.

全力优化生产经营，全面统筹各板块效益运行，全方位推进区域协同优化，取得了良好经营业绩。按照国际财务报告准则，公司全年实现营业收入人民币3.07万亿元，公司股东应占利润为人民币489.4亿元，每股盈利人民币0.404元。

In the face of complicated operating conditions and fierce market competition, SINOPEC implemented the new development concept in depth, optimized production and operation with full efforts, comprehensively coordinated the effective operation of each segment, and promoted regional synergy and optimization in an all-round way, thus achieving good operating results. In accordance with International Financial Reporting Standards (IFRS), Sinopec achieved operating revenue of RMB3.07 trillion, profit attributable to shareholders of RMB48.94 billion, and earnings per share of RMB0.404 for the year.

注重股东回报，首次制定市值管理制度。公司注重股东回报，实施“提质增效重回报”行动方案和未来三年股东分红回报规划，预计2024年全年派发现金股利每股人民币0.286元(含税)，与回购金额合并计算后年度利润分派比例达到75%。同时，公司将市值管理作为一项长期战略管理行为，首次制定市值管理制度。董事会审议并通过新一轮回购授权议案，2021年至2024年，公司回购股份金额累计人民币86.35亿元。

Focusing on shareholder returns, the Company established a market capitalization management system for the first time. Focusing on shareholder returns, the Company has implemented the action plan of “Enhancing Quality, Increasing Efficiency and Focusing on Returns” and the shareholders' dividend return plan for the next three years, and expects to pay out a cash dividend of RMB0.286 per share (tax included) for the whole year of 2024, which will reach 75% of the annual profit distribution ratio after combining with the buyback amount. Meanwhile, the Company has made market value management as a long-term strategic management behavior and formulated a market value management system for the first time. The Board of Directors considered and passed a new round of repurchase authorization proposal, and from 2021 to 2024, the company repurchased shares for a cumulative amount of RMB 8.635 billion.

上游增储稳油增气，降本增效取得新进展。公司不断加强高质量勘探和效益开发，在四川盆地超深层页岩气、渤海湾盆地页岩油等勘探取得重大突破，胜利济阳页岩油国家级示范区建设高效推进，新兴、溱潼油田1.8亿吨页岩油探明地质储量获自然资源部评审认定。全年油气当量产量515.35百万桶，同比增长2.2%，其中，境内原油产量254.00百万桶，同比增长0.9%;天然气产量14004亿立方英尺，同比增长4.7%，天然气全产业链盈利创历史新高，境内油气储量替代率达144%。

Upstream increased reserves, stabilized oil and increased gas, and made new progress in cost reduction and efficiency enhancement. The Company continued to strengthen high-quality exploration and beneficial development, and made major breakthroughs in the exploration of ultra-deep shale gas in the Sichuan Basin and shale oil in the Bohai Bay Basin; the construction of the Shengli Jiyang shale oil national demonstration area was efficiently promoted, and the 180 million tons of proved geologic reserves of shale oil in the Xinxing and Qintong oil fields were assessed and recognized by the Ministry of Natural Resources. Annual oil and gas equivalent production of 515.35 million barrels, an increase of 2.2%, of which 254.00 million barrels of crude oil production in the territory, an increase of 0.9%; natural gas production of 140.4 billion cubic feet, an increase of 4.7%, natural gas industry chain profit hit a record high, and the rate of replacement of the territory's oil and gas reserves reached 144%.

炼化业务以效益为导向，低成本应对市场变化。炼油方面，坚持产销一体运行优化，全力做大有效益的加工量，保持较高负荷率，灵活调整产品结构和出口节奏，推进低成本“油转化”、高价值“油转特”，增产高端碳材料、特种油品等适销产品，加快基地建设，全年加工原油2.52亿吨，生产成品油1.53亿吨，其中，汽油产量同比增长2.6%，煤油产量同比增长8.6%。化工方面，以效益为导向优化原料、装置、产品结构，PX产量再创历史新高，持续推进原料多元化，稳步提升高附加值产品比例，全年乙烯产量1347万吨，化工产品经营总量为8345万吨，其中出口量同比增长13.1%。

The refining and chemical business was benefit-oriented and responded to market changes at low cost. In terms of oil refining, we insisted on the optimization of production and sales, made every effort to increase the processing volume with benefits, maintained a high load factor, flexibly adjusted the product structure and export tempo, pushed forward the low-cost “oil to oil” and high-value “oil to special”, and increased the production of high-end carbon materials, special oils and other marketable products, and accelerated the construction of bases. The company accelerated the construction of bases, processed 252 million tons of crude oil and produced 153 million tons of refined oil products, of which, gasoline output increased by 2.6% year-on-year and kerosene output increased by 8.6% year-on-year. On the chemical side, we optimized the structure of raw materials, devices and products in a benefit-oriented manner, with PX output hitting a record high, continued to promote the diversification of raw materials, and steadily increased the proportion of high-value-added products, with an annual output of 13.47 million tons of ethylene, and a total of 83.45 million tons of chemical products in operation, of which the export volume increased by 13.1% year-on-year.

成品油销售业务发挥一体化优势，打造“油气氢电服”综合能源服务商。公司顺应市场变化，充分发挥一体化优势和网络优势，精准开展客户营销，高标号汽油销量持续增长，累计建成加气站超千座、充换电站超万座，推进氢能交通稳步发展，开拓境内外低硫船燃市场，船加油经营量世界第二，非油业务经营质量不断提升，全年成品油总经销量2.39亿吨。

The refined oil sales business gave full play to its integration advantages to build a comprehensive energy service provider of “oil, gas, hydrogen, electricity and services”. The Company responded to market changes, gave full play to its integration advantages and network advantages, carried out accurate customer marketing, continued to grow the sales of high-grade gasoline, built more than 1,000 gas stations and 10,000 charging and switching stations, pushed forward the steady development of hydrogen transportation, explored the domestic and overseas low-sulfur marine fuel market, and was second in the world in terms of the volume of marine refueling operations, while the quality of the operation of the non-oil business continued to be improved, with the annual total volume of refined petroleum products distributed at 239 million tons.

大力推动科技创新和产业创新融合发展，科技创新收获新成果。深化科技体制机制改革，打造能源领域国家级科研机构，深层和超深层页岩气勘探理论和技术取得突破，动物疫苗白油、超高压变压器油等特种油品实现应用，全球首套环己烯酯化加氢制环己酮装置建成投产，基于数字孪生的智能乙烯工厂建成投用，国内首个工厂化海水制氢示范项目成功建成。全年申请境内外专利9666件，获得境内外专利授权5550件。

Vigorously promote the integration and development of scientific and technological innovation and industrial innovation, and scientific and technological innovation reaped new results. The company has deepened the reform of science and technology system and mechanism, built national scientific research institutions in the field of energy, made breakthroughs in the theory and technology of deep and ultra-deep shale gas exploration, realized the application of special oils such as white oil for animal vaccines and ultra-high-voltage transformer oil, put into operation the world's first cyclohexene esterification and hydrotreating plant to make cyclohexanone, put into operation an intelligent ethylene plant based on digital twins, and successfully completed the first plant-based seawater hydrogen production demonstration project in China. During the year, 9,666 domestic and foreign patents were applied for and 5,550 domestic and foreign patents were authorized.

践行绿色低碳发展，锻造绿色竞争力。公司积极应对气候变化，全面推进绿色企业行动第二阶段计划，启动“万站沐光”行动，二氧化碳捕集量同比增长20.1%，甲烷回收量同比增长9.4%，万元产值综合能耗同比下降4.9%。氢能、生物燃料、CCUS等新兴产业快速发展，建成遍布全国的11个氢燃料电池供氢中心，成功探路“京沪氢能交通走廊”。

We practiced green and low-carbon development and forged green competitiveness. The Company actively responded to climate change, fully promoted the second phase of the Green Enterprise Action Program, and launched the “10,000 Stations Bathing in Light” action, with the amount of carbon dioxide captured increasing by 20.1% year-on-year, the amount of methane recovered increasing by 9.4% year-on-year, and the comprehensive energy consumption of 10,000 yuan of output value decreasing by 4.9% year-on-year. Hydrogen energy, biofuels, CCUS and other emerging industries are developing rapidly, 11 hydrogen fuel cell hydrogen supply centers have been built across the country, and the “Beijing-Shanghai Hydrogen Transportation Corridor” has been successfully explored.

中国石化董事长马永生表示，2025年，随着中国经济持续回升向好，中国石化转型升级将拥有更广阔空间。公司将锚定高端化、智能化、绿色化发展方向，全方位推进高质量发展。公司将加快转型升级，上游业务聚焦巩固资源基础，实现油气稳增长，炼油业务加快高端碳材料、可持续燃料、特种蜡等产品发展，油品销售业务在巩固市场地位的基础上，打造车用LNG业务中国第一品牌、做大做优做强充换电业务、示范带动氢能交通规模化发展、拓展易捷服务新业态，化工业务多措并举降低原料成本，提升高附加值产品比例。公司将加强科技攻关，推动人工智能与石化产业深度融合，赋能产业技术变革和优化升级。公司将强化ESG管治，持续提升公司治理水平，协同降碳减污扩绿增长，稳步实施绿色低碳转型，践行企业社会责任，与全球利益相关方携手推动公司和社会可持续发展，为股东和社会创造更大价值。

Mr. Ma Yongsheng, Chairman of SINOPEC, said that in 2025, as China's economy continues to rebound and improve, SINOPEC will have a broader space for transformation and upgrading. The company will anchor the development direction of high-end, intelligent and green development, and promote high-quality development in all aspects. The Company will accelerate the transformation and upgrading of its upstream business, focusing on consolidating its resource base and achieving steady growth in oil and gas, accelerating the development of high-end carbon materials, sustainable fuels and special waxes in its refining business, building the No. 1 brand of automotive LNG business in China on the basis of consolidating its market position in the oil sales business, expanding the charging and switching business, demonstrating and driving the large-scale development of hydrogen transportation, and expanding the new mode of ETS service, and expanding the new business mode of chemical industry by taking measures to reduce feedstock costs in its chemical business. The chemical business will take measures to reduce raw material costs and increase the proportion of high value-added products. The Company will strengthen scientific and technological research, promote the in-depth integration of artificial intelligence and the petrochemical industry, and empower industrial technological change and optimization and upgrading. The Company will strengthen ESG governance, continuously improve corporate governance, collaborate to reduce carbon and pollution, expand green growth, steadily implement green and low-carbon transformation, fulfill corporate social responsibility, and work with global stakeholders to promote the sustainable development of the Company and the society to create greater value for shareholders and the society.