From June 1st to 2nd, Sinopec successfully held a reverse roadshow for investors in the entire industrial chain business in Yangzhou and Nanjing. More than 100 investors, analysts and media reporters formed a research team to visit the production lines of 5 companies including Sinopec Yizheng Chemical Fiber, East China Oil and Gas Bureau, Jinling Petrochemical, Yangzi Petrochemical, and Jiangsu Petroleum to experience Sinopec's integration and synergistic benefits , transformation and development, scientific and technological innovation and environmental protection.
Sinopec vice president and secretary of the board of directors Huang Wensheng said that this reverse roadshow is to implement the spirit of the State Council's "Opinions on Further Improving the Quality of Listed Companies" and the State-owned Assets Supervision and Administration Commission's "Work Plan for Improving the Quality of Listed Companies Holding the Central Enterprises", the Securities Regulatory Commission's " One of the important measures to promote the relevant requirements of the Three-Year Action Plan for Improving the Quality of Listed Companies (2022-2025). In the future, Sinopec will focus on value realization, carry out investor relationship management more proactively, strengthen information disclosure, and consolidate the foundation of ESG governance , earnestly safeguard the interests of investors, and contribute to the construction of a capital market with Chinese characteristics with its own high-quality development.
Sinopec is an energy and chemical company integrating upstream, midstream and downstream. Its business covers four sectors: upstream oil and gas exploration and development, oil refining, chemicals and refined oil sales. Not only is it one of the largest oil and gas producers in China, it also has the world's largest refining capacity and the world's second largest refined oil sales network in China. At the same time, as a leading company of the United Nations Global Compact, Sinopec firmly follows the road of green, low-carbon, safe and responsible development, integrates ESG into development strategy and production and operation, corporate governance, safe and stable supply of energy, green and low-carbon development, technology Innovation, safety management, fulfillment of social responsibilities and other work continue to step up to a new level.
Shale oil has broad prospects for increasing reserves and production. The research team went to the East China Oil & Gas Qinye 1 platform to visit the construction of the demonstration zone for continental shale oil exploration and development in the Subei Basin, and learned about the low-cost development of Huadong Oil & Gas through the use of factory drilling, electric fracturing, and automated remote control. Rock oil development and application technology has reduced the average drilling and fracturing investment per meter by 23% and 18% respectively. The cost control level per barrel of oil is leading in China, and we feel the surging momentum of the "Oriental Shale Revolution".
Refining transformation and upgrading achieved remarkable results. Under the background of "dual carbon", how to transform and upgrade traditional refineries is a common challenge faced by the industry. Relying on the advantages of world-class refining technology, Sinopec is accelerating the construction of a "world-class, high-tech, integrated" refining and chemical base, continuously improving the flexibility of equipment, and promoting the production capacity of refined oil to chemical raw materials, high-end lubricating grease, needle coke and other special products Capacity shift. The research team went deep into Jinling Petrochemical, visited the high-end graphite device and continuous reforming device developed based on independent process technology, learned about Jinling Petrochemical's "oil conversion" and "oil conversion" process and the high emphasis on intrinsic safety and environmental protection, and felt the refinery and the city Vigorous vitality displayed by harmonious symbiosis.
Continue to increase the proportion and competitiveness of high-end chemical products. In recent years, emerging industries such as photovoltaics and new energy vehicles have developed rapidly, and the demand for various chemical materials is increasing day by day. Sinopec adheres to the direction of "basic + high-end", accelerates the layout and development of large ethylene and the transformation and upgrading of the aromatics chain, and promotes the construction of large-scale production capacity and the elimination of outdated production capacity. Closely integrate production, marketing, research and application, and extensively deploy new materials such as photovoltaics, batteries, medical, automotive lightweight, and aerospace. The research team went to Yizheng Chemical Fiber and Yangzi Petrochemical. The two surveys showed that the development of science and technology drives the upgrading of the new chemical material industry chain and helps the people's yearning for a better life.
The construction of an integrated energy service provider for "Oil, Gas, Hydrogen, Electric Services" is accelerating. With the gradual increase in the penetration rate of new energy vehicles, the transformation needs of traditional gas stations are becoming more and more urgent. On the one hand, Sinopec takes advantage of network advantages and integration of production and sales to improve the profitability of existing assets such as refueling and gas refueling. pace. The research team visited Jiangsu Petroleum Zhonghe Lujia Energy Station to learn about the progress of the construction and layout of Jiangsu Petroleum's "Oil, Gas, Hydrogen, Electric Service" comprehensive energy station and the cooperation with the industry's leading chain catering brands. The new experience of smart travel such as senseless refueling.
Unswervingly follow the road of sustainable development. As the ESG concept has been widely recognized by the capital market, more and more investors have expanded their focus from traditional financial performance to ESG issues such as green and low-carbon, safety management, and social responsibility. As a leading company of the United Nations Global Compact, Sinopec firmly follows the road of green, low-carbon, safe and responsible sustainable development, and integrates ESG into its development strategy and production and operation. At Yangzi Petrochemical, the research team witnessed the environmental governance and protection along the "Yangtze Bay" of the Yangtze River on the spot, and felt the progress of the construction of a three-level prevention system for water pollution risks along the Yangtze River. In Jinling Petrochemical, the research team witnessed the achievements of the "Garden Factory" construction and learned that the company has received tens of thousands of visits through the "Public Open Day" activities, which has been widely recognized by the society. During the reverse roadshow, volunteers also introduced to the research guests the efforts made by Sinopec in developing the enterprise, rewarding shareholders, contributing to the society, and benefiting employees.
Sinopec’s independent directors, senior managers and principals of relevant companies participated in this reverse roadshow.