The Sinopec Shanghai Petrochemical Co. (600688), one of China's largest refining-chemical integrated petrochemical companies, released its audited financial report for 2017 on Wednesday.
The report shows that the company saw a year-on-year growth of 18.13 percent in its operating revenue last year, which finished the year at RMB 92.01 billion.
Its net income rose by 3.12 percent last year to reach RMB 6.14 billion. What's more, the company's total assets also surged by 16.08 percent last year to hit nearly RMB 36.61 billion by the end of 2017.
According to the report, the company saw a year-on-year increase of 3.09 percent in its basic earnings per share (EPS), whereas its weighted average rate of return on equity lost 5.54 percentage points last year to 20.84 percent. The company's debt-asset ratio was up 1.3 percentage points to finish the year at 27.943 percent.
Over the past year, the company processed a total of roughly 14.35 million tons of crude oil, a slight increase of 0.35 percent from a year earlier. However, its turnover dropped by 3.6 percent to finish the year at around RMB 77.84 billion.
By improving its business operation, the company's total gasoline output increased by 9.98 percent last year to reach over 3.16 million tons, with the ratio of its diesel output to gasoline output down 0.13 percentage points last year to 1.22 percent.
The company continued to carry out various measures for its energy saving and emission reduction efforts last year. As a result, its total consumption of standard coal last year was roughly 6.9 million tons, meaning that it had reduced its standard coal consumption per ten thousand-output value by 1.03 percent.
The company also further lowered its emissions of such pollutants as chemical oxygen demand (COD), ammonia nitrogen, sulfur dioxide, and oxynitride in 2017.
Major accounting data and financial indicators
I. Major accounting data and financial indicators for the past three years
Unit: a thousand yuan
II. Major quarterly accounting data for the reporting period
Unit: a thousand yuan
The report shows that the company saw a year-on-year growth of 18.13 percent in its operating revenue last year, which finished the year at RMB 92.01 billion.
Its net income rose by 3.12 percent last year to reach RMB 6.14 billion. What's more, the company's total assets also surged by 16.08 percent last year to hit nearly RMB 36.61 billion by the end of 2017.
According to the report, the company saw a year-on-year increase of 3.09 percent in its basic earnings per share (EPS), whereas its weighted average rate of return on equity lost 5.54 percentage points last year to 20.84 percent. The company's debt-asset ratio was up 1.3 percentage points to finish the year at 27.943 percent.
Over the past year, the company processed a total of roughly 14.35 million tons of crude oil, a slight increase of 0.35 percent from a year earlier. However, its turnover dropped by 3.6 percent to finish the year at around RMB 77.84 billion.
By improving its business operation, the company's total gasoline output increased by 9.98 percent last year to reach over 3.16 million tons, with the ratio of its diesel output to gasoline output down 0.13 percentage points last year to 1.22 percent.
The company continued to carry out various measures for its energy saving and emission reduction efforts last year. As a result, its total consumption of standard coal last year was roughly 6.9 million tons, meaning that it had reduced its standard coal consumption per ten thousand-output value by 1.03 percent.
The company also further lowered its emissions of such pollutants as chemical oxygen demand (COD), ammonia nitrogen, sulfur dioxide, and oxynitride in 2017.
Major accounting data and financial indicators
I. Major accounting data and financial indicators for the past three years
Unit: a thousand yuan
II. Major quarterly accounting data for the reporting period
Unit: a thousand yuan
| First Quarter (January-March) |
Second Quarter (April-June) |
Third Quarter (July-September) |
Fourth Quarter (October-December) |
|
| Total operating revenue | 22,571,848 | 20,535,102 | 25,050,668 | 23,855,951 |
| Net income attributable to shareholders of the company | 1,928,852 | 646,627 | 1,526,012 | 2,040,067 |
| Net income attributable to shareholders of the company, net of non-recurring gains and losses | 1,938,530 | 633,053 | 1,553,371 | 2,168,791 |
| Net cash flow from operating activities | 2,854,156 | -495,376 | 2,710,023 | 2,009,679 |
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