Sinopec Posts Record Profit

The video discusses the company's financial performance, focusing on operating profit in refining despite high raw material costs due to a clean fuel premium. It highlights the alignment with China's environmental policies to improve air quality. The company has reduced upstream losses significantly, nearing break-even for the first time since 2014. Capital expenditure is low in the first half, with 80% of the budget remaining for the second half, drawing market attention.

What was the percentage increase in the company's refining operating profit?

• 25%

• 50%

• 33%

• 40%

What strategy did the company use to maintain higher margins despite increased raw material costs?

• Reducing workforce

• Increasing product prices

• Implementing a clean fuel premium

• Expanding market reach

What significant financial milestone did the company achieve in the upstream oil sector?

• Achieving record profits

• Increasing production capacity

• Reducing upstream losses to around 400 million

• Expanding into new markets

How much of the annual budget did the company spend in the first half of the year?

• 10%

• 20%

• 50%

• 70%

What is the market's focus regarding the company's capital expenditure in the second half of the year?

• If the company will reduce its production

• Whether the company will spend the remaining 80% of its budget

• If the company will expand into new markets

• Whether the company will increase its workforce