Sinopec's net profit of 32.4 billion hit a 7-year low

wallpapers Industry 2020-12-09

three barrels of oil financial report issued. On March 29, Sinopec announced its 2015 annual performance. According to the international financial reporting standards, the company's turnover and other operating income reached 2.02 trillion yuan, a year-on-year decrease of 28.6%. The profit attributable to shareholders was 32.438 billion yuan, down 30.2% year-on-year, and the profit reached a new low in seven years. Before

and

, the net profit of PetroChina and CNOOC was one third of that of the previous year, and Sinopec was the best among the "three barrels of oil".

refining profits increased to make up for the upstream performance.

Sinopec said in its financial report that in 2015, the world economic recovery was weak, the international oil price was low and the market environment was grim. In terms of exploration, Sinopec is similar to PetroChina and CNOOC, with large landslides. The equivalent oil and gas production in the whole year was 471.91 million barrels, a year-on-year decrease of 1.7%. The operating income of the division was 1387.7 billion yuan, a significant decrease of 39.1% year-on-year. Affected by the sharp drop in oil prices, the upstream sector, once like cash cows, suffered an operating loss of 17.4 billion yuan.

and

on the contrary, the oil refining sector has enjoyed the dividend of low cost price. In 2015, Sinopec processed 236 million tons of crude oil, an increase of 0.5% year-on-year. It produced 148 million tons of refined oil, up 1.5% year on year.

and

the operating revenue of the division was 926.6 billion yuan last year, a year-on-year decrease of 27.2%. However, due to the decrease of product price, the operating income increased by 22.9 billion yuan year on year, which made up for the decline of upstream performance to a large extent. Among them, the gross profit of oil refining was 318.1 yuan / ton, with a year-on-year increase of 105.1 yuan / ton. The gross profit of refining was 6.95 US dollars / barrel in the whole year, with a year-on-year increase of 47.2%.

and

industry analysis shows that Sinopec has strong strength in the middle and lower reaches of the industry, which makes Sinopec's net profit only drop by 30%, while the net profit of PetroChina and CNOOC is only one third of last year's, leading to the rapid closing of Sinopec's net profit with that of CNPC, the largest.

and

petrochemicals "rival" Alibaba

Sinopec's mixed ownership reform is still in progress. From the financial report, the turnover of non oil products reached 24.83 billion yuan last year, up 45.2% year on year. According to the analysis report of

and

Haitong Securities, Sinopec took the lead in launching mixed reform in February 2014, and introduced private and social capital with Sinopec Sales Company as the platform. As of March 9, 2015, 25 investors have paid the corresponding capital increase price to the sales company, totaling 105.044 billion yuan (including equivalent US dollars). At the end of 2015, the first meeting of the first board of directors and board of supervisors of Sinopec Sales Company was held in Beijing. The board of directors of the sales company is composed of 11 directors, among which 3 directors are appointed by social investors, which indicates that Sinopec's mixed reform continues to move forward.

and

on March 10, 2016, Sinopec and PetroChina released the cooperation news with Alibaba Group on the same day.

and

on March 10, PetroChina officially released the news, signed a strategic cooperation framework agreement with Alibaba and ant financial services, and mentioned the direction of Internet payment and member sharing. Sinopec official wechat also released an article "Ma Yun visited Sinopec headquarters", which mentioned cooperation concepts such as energy Internet and big data refueling. Two news issued on the same day, two petrochemical giants were accused of "robbing" Alibaba.