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    386   CNE1000002Q2

CHINA PETROLEUM & CHEMICAL CORPORATION

(386)
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China Petroleum & Chemical : N/A (Form 6-K)

07/23/2021 | 08:48am EDT
N/A


This Form 6-K consists of:

An announcement regarding operational statistics for the first half of 2021 of China Petroleum & Chemical Corporation (the 'Registrant'), made by the Registrant on July 21, 2021.



Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00386)

OPERATIONAL STATISTICS FOR THE FIRST HALF OF 2021


This is an announcement voluntarily made by China Petroleum & Chemical Corporation (the 'Sinopec Corp.' or the 'Company') in connection with certain matters relating to the operational statistics for the first half of 2021 of Sinopec Corp.
The board of directors and all directors of Sinopec Corp. warrant that there are no false representations, misleading statements or material omissions contained in this announcement and severally and jointly accept full responsibility for the authenticity, accuracy and completeness of the information contained herein.


Production
Unit
1H 2021
1H 2020
Change %
Oil and gas
mmboe
235.29
225.71
4.2
Crude Oil
mmbbls
138.15
140.27
(1.5)
China
mmbbls
123.62
124.05
(0.3)
Overseas
mmbbls
14.53
16.22
(10.4)
Natural Gas (Note 1)
bcf
582.62
512.41
13.7
Refinery Throughput (Note 2)
Million tonnes
126.11
110.95
13.7
Gasoline
Million tonnes
32.40
26.82
20.8
Diesel
Million tonnes
28.54
30.47
(6.3)
Kerosene incl. Jet Fuel
Million tonnes
11.24
9.90
13.5
Light Chemical Feedstock
Million tonnes
22.26
19.00
17.2
Ethylene
'000 tonnes
6,463
5,776
11.9
Synthetic Resins
'000 tonnes
9,292
8,376
10.9
Synthetic Fibers
'000 tonnes
676
573
18.0
Synthetic Rubbers
'000 tonnes
594
526
12.9





Total Domestic Sales Volume of Refined Oil Products
Million tonnes
84.01
77.75
8.1
Retail
Million tonnes
55.50
52.50
5.7
Direct sales & Distribution
Million tonnes
28.51
25.24
13.0

Notes:
1. Natural gas production conversion rate is 1 cubic meter = 35.31 cubic feet
2. Refinery throughput conversion rate is 1 tonne = 7.35 barrels
3. The above table includes 100% of the production from domestic Joint Ventures.

Investors are advised that the operational statistics for the first half of 2021 as listed in the above table are based on our current statistical survey of the Company. The Company will release its definitive production data in its interim report, which may be different from, and in such cases shall prevail over, the above.





By Order of the Board
China Petroleum & Chemical Corporation
Huang Wensheng
Vice President and Secretary to the Board of Directors



Beijing, PRC
21 July 2021


As of the date of this announcement, directors of the Company are: Zhang Yuzhuo*, Ma Yongsheng#, Zhao Dong*, Yu Baocai#, Liu Hongbinn#, Ling Yiqun#, Li Yonglin#, Cai Hongbin+, Ng, Kar Ling Johnny+, Shi Dan+and Bi Mingjian+.

# Executive Director
* Non-executive Director
+Independent Non-executive Director




Disclaimer

China Petroleum & Chemical Corporation published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 12:47:06 UTC.


© Publicnow 2021
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Sales 2021 2 665 B 412 B 412 B
Net income 2021 71 594 M 11 073 M 11 073 M
Net cash 2021 48 839 M 7 554 M 7 554 M
P/E ratio 2021 5,48x
Yield 2021 10,5%
Capitalization 511 B 79 045 M 79 041 M
EV / Sales 2021 0,17x
EV / Sales 2022 0,19x
Nbr of Employees 384 065
Free-Float 31,3%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 18
Last Close Price 3,22 CNY
Average target price 4,46 CNY
Spread / Average Target 38,8%
EPS Revisions
Managers and Directors
Yong Sheng Ma Chairman & President
Dong Hua Shou Chief Financial Officer
Shao Feng Zhang Chairman-Supervisory Board
Hong Bin Cai Independent Non-Executive Director
Kar Ling Ng Independent Non-Executive Director
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