(Adnkronos) – BEIJING, March 31, 2022 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec” or “the Company”) hosted its 2021 annual performance conference on March 28 in Beijing via webinar. Per International Financial Reporting Standards, Sinopec’s 2021 turnover and other operating income was CNY2.74 trillion (USD431.50billion), with profit attributable to shareholders of the company reaching CNY71.975 billion (USD11.33 billion), a 115.2 percent growth year-on-year. This has been Sinopec’s best operating performance in the past decade.
A dividend of CNY0.47 per share was distributed throughout the year, with a dividend payout ratio of 80 percent. Based on the weighted average share price in 2021, the dividend yield of A shares and H shares reached 10.8 percent and 14.3 percent, respectively.
In light of the COVID-19 pandemic and a complex macroenvironment, Sinopec focused on advancing high-quality production and operations, transformative development, technological innovation, management reform, risk prevention and control among other aspects in 2021 to achieve a solid start in line with China’s “14th Five-Year Plan.” Overall, Sinopec’s various business sectors have been growing positively, with remarkable achievements in:
In the meantime, Sinopec also focused on environmental, social and corporate governance (ESG) development with the board of directors coming from more diverse backgrounds and the Company is actively responding to climate change challenges, vigorously saving energy and reducing pollution and carbon emissions, as well as supporting the 2022 Beijing Winter Olympics and Paralympics.
Mr. Ma Yongsheng, president of Sinopec noted, Sinopec will give full play to its advantages in the integration of marketing, brand, technology and talent to unswervingly move towards the goal of becoming a world-leading clean energy and chemical company, creating greater value for shareholders and society.
“Looking to the future, Sinopec will actively and constructively embrace energy transformation and the transformation of the industry as a whole, extensively implementing a world-leading development strategy and continuously optimizing the 14th Five-Year Plan and long-term 2035 goal to achieve high-quality, sustainable development,” said Ma.
Sinopec has laid out five key focuses in implementing its new development strategy and strives to:
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