China News Service, Beijing, August 29 (Reporter Liu Liang) Sinopec released its 2021 interim performance report on the 29th. According to International Financial Reporting Standards, the company's operating income in the first half of the year was 1.26 trillion yuan (RMB, the same below), a year-on-year increase of 22 %, the profit attributable to shareholders is 40 billion yuan, the earnings per share is 0.33 yuan, the profitability is strong, the best performance in the same period in the past three years, and it exceeds the level before the epidemic.

　　In terms of sectors, Sinopec's upstream sector profit improved significantly in the first half of the year, achieving operating income of 6.2 billion yuan; oil and gas equivalent production was 235.29 million barrels, a year-on-year increase of 4.2%; natural gas production was 582.6 billion cubic feet, a year-on-year increase of 13.7%.

　　In the oil refining sector, the profit of this sector rebounded strongly in the first half of the year, achieving operating income of 39.4 billion yuan; processing crude oil was 126 million tons, a year-on-year increase of 13.7%, and produced 72.19 million tons of refined oil, a year-on-year increase of 7.4%.

　　In the chemical sector, operating income of 13 billion yuan was realized in the first half of the year, and the total operating volume of chemical products was 40 million tons; the output of ethylene was 6.46 million tons, a year-on-year increase of 11.9%.

The company adheres to the "basic + high-end" development direction, optimizes the product structure, increases the output of high value-added products such as metallocene polyolefin, and increases the proportion of high value-added products such as synthetic resin, synthetic rubber and synthetic fiber by 0.3, 4.9 and 0.8 percentage points respectively.

　　In the marketing and distribution sector, in the first half of the year, the profitability of the company's refined oil sales segment increased significantly, achieving operating income of 16.1 billion yuan, and total sales of refined oil reaching 109 million tons.

The company is speeding up the construction of the "oil, gas, hydrogen and electricity service" comprehensive energy station. The first carbon-neutral gas station and photovoltaic building integrated gas station have been completed and put into operation. 20 hydrogen refueling stations, 570 charging and swapping stations, and distributed photovoltaic power stations have been built in China. There are 205 power stations.

　　In terms of capital expenditure, capital expenditure in the first half of the year was 57.9 billion yuan.

Among them, the upstream sector is 24 billion yuan, which is mainly used for the construction of natural gas production capacity and storage and transportation facilities, as well as the construction of crude oil production capacity.

　　This year, Sinopec also co-sponsored the Methane Emission Control Alliance of China’s Oil and Gas Enterprises and launched China’s first megaton CCUS project-Qilu Petrochemical-Shengli Oilfield CCUS (Carbon Capture, Utilization, and Storage) project to promote CCUS scale for the country The development of chemistry provides application cases.

Continue to promote energy conservation and consumption reduction, reduce greenhouse gas emissions by 2.304 million tons of carbon dioxide equivalent; recover and reuse 716,000 tons of carbon dioxide; and recover 320 million cubic meters of methane.

　　Looking forward to the second half of the year, the relevant person in charge of Sinopec said that China's economy is expected to maintain stable growth based on the good momentum in the first half of the year. Domestic demand for refined oil is expected to remain stable, demand for chemical products is expected to achieve a good growth rate, and demand for natural gas continues to grow rapidly. (over)