April 30,2004.ppt

China Petroleum Chemical CorporationQ1 2004 Results Announcement Disclaimer Agenda Performance Review of Q1 2004 Operation Estimates for Q2 2004 Sound Financial Position E P —Production Continue to Grow Refining -Adjust Product Mix, Increase Throughput Refining – Earnings Increased Yoy Maketing –Increased Volume, Optimized Structure Marketing – Sustainable Earnings Growth Chemical – Increased Volume Chemical – Increased Profitability Capital Expenditure Operational Estimates for Q2 2004 Market Outlook for Q2 Operational Estimates for 2Q For Further Information 2000年本公司原油加工量及成品油产量均创历史最高水平.原油加工量大幅度至1.05亿吨,折合约211万桶/日,同比增长19.6%,其中为了降低原料采购成本,高硫原油的加工量增幅达129.5%;原油加工负荷率达81.0%,比上年提高了13个百分点,石油产品轻油收率71.6%,比上年提高了0.9%上百分点,石油产品综合商品率92.3%,比上年提高了1.1个百分点。 April 30,2004 As required by the CSRC, financial statements of the first quarter of Sinopec Corp. (the “Company”) are prepared under PRC Accounting Rules and Regulations. The Company has adjusted part of financial data in accordance with the International Financial Reporting Standards hereby for the reference of international investors. Financial data of the first quarter contained in the presentation and presentation materials are unaudited. The presentation and presentation materials hereby include forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. The Companys actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, exploration and development outcomes, estimates of proved reserves, market shares, competition, environmental risks, changes in legal, fina