129773184475781250_64Report from (reporters Zhang Yan) yesterday evening, Sinopec announced results for the year 2011, attributable to the shareholders of the parent company's net profit of 71.697 billion yuan, up only 1.4%, below the market consensus forecast of 2.2% per cent, people give consent. Sinopec poor performance last year, mainly due to the oil refinery business losses of up to $ 37.6 billion more than expected, But at the same time, despite the poor performance, under the international accounting standards, its staff costs by improving the distribution system increased by $ 7.9 billion, an increase of more than 23%. In 2011, Sinopec performance increase is progressively reduced, Sinopec attributable to the shareholders of the parent company's net profit for the first half increased 9.4%, growth in the first three quarters fell to 6.3%, the year of only 1.4%.
Prior to this
diablo 3 power leveling, Morgan Stanley, Macquarie, silver, such as Sinopec, had been widely expected performance increase will be higher than 1.4%
tera gold, at least in the 2.2%. In 2011, Sinopec's sales and other operating revenue of 2.5057 trillion yuan, compared with 2010 31%. Operating revenues of $ 105.5 billion, an increase of 0.5%, mainly due to theContinued growth in the domestic economy, increasing demand for petroleum and petrochemical products, company management has been expanding, crude oil
diablo 3 power leveling, oil products and petrochemical product prices rose.
Giving full play to advantages of scale and integration of the company, an effort to develop the market, improve marketing and services, expanding market share and achieve better business performance. But because of the oil refining business losses, a special petroleum proceeds (commonly known as stormProfit and tax) increased, consumption tax increase, ultimately, Sinopec results appear less than was expected. According to the notice, Sinopec taxes other than income tax, paid a $ 189.9 billion last year, an increase of 20.8%, mainly due to higher crude oil prices brings windfall tax increase of $ 17.8 billion per cent, while sales increase, consumption tax and construction tax and education expenses surtaxIncrease of $ 12.9 billion.
Staff costs increased 7.9 billion worth noting is, according to Sinopec announcement last year, Sinopec employee cost $ 41.5 billion, increased by $ 7.9 billion over the previous year, 1.7% per cent of total operating expenses, which means, China trade union fees last year, an increase of more than 23%. Sinopec explained that excluded according to the relevant provisions regulatingAnd wage-related insurance and additional pay base and scale to increase employment, factors such as staff housing reform and pension system after its implementation, an increase is 14.5%, mainly for improving the distribution system, moderately increasing the employee's income. Super 37.6 billion refinery losses, as the first oil refinery giant, losses of the petrochemical refiningOut of the water. As oil prices remain high, oil refining industry has been the focus of Sinopec. According to the notice, in Sinopec in each plate, oil refining Division operating loss of $ 37.608 billion, compared with a profit of over $ 14.8 billion.
This loss more than previously expected. This reporter learned that, BOCOM International had planned for 2011 China petrochemical refining businessLoss of $ 36.6 billion, future assets of Sinopec's refining industry losses last year was expected to reach 34 billion yuan. Reporters learned that there are multiple factors cause huge losses, domestic fuel prices not be able to follow the changes in the international oil prices, and often have control of changes in domestic oil prices.
Despite people still feel finished oil prices rising too fast. ()
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