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2008-4-7 China Petroleum Chemical Corporation 2007 Annual Results Announcement Disclaimer Agenda 2007 Overview Profit Growth Financial Position Financial Position (Continued) Dividend Cost Reduction Capital Expenditure EP: RMB 54.498 billion. Newly added crude oil production capacity was 6.05 million tonnes per year and that of natural gas was 1.66 billion cubic meters per year. Sichuan-East China pipeline project started Refining: RMB 22.763 billion. Qingdao project progressed smoothly; Oil products quality upgrading projects such as Yanshan project commenced production Marketing and Distribution: RMB 12.548 billion. Improved refined oil products distribution network through construction, acquisition and renovation of service stations and oil depots; added 753 new stations Chemicals: RMB 16.184 billion. Major Ethylene projects progressed smoothly. Corporate and others: RMB 3.289 billion Technological Innovation Driving corporate development through technological innovation EP: New technologies such as enhancing oil recovery rate Refining: Substantial progress has been made in technologies to process low-grade crude oil; commercialized technology to produce gasoline and diesel which meet the National IV emission standard (equivalent to Euro IV standard) Chemicals: Developed proprietary technology for 300ktpa polypropylene RD in new and alternative energies Obtained 616 domestic and 61 foreign patents Social Responsibility Ensured stable domestic supply of refined oil products Implemented energy conservation and effluent-reduction measures Energy intensity decreased by 6.1% Fresh water consumption decreased by 4.3% COD in discharged waste water decreased by 5.4% Philanthropic activities Donations to support rescue and rebuilding in Southern China area affected by snow storm disaster early 2008 Sponsored “Health Express” campaign Sponsor of Beijing 2008 Olympics 2007 Operational Results Review of Market Environment China’s economy maintained steady and rapid gro
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