In 2014, petroleum products (mainly
consisting of oil products and other
refined petroleum products) sold by
Refining Segment and Marketing and
Distribution Segment achieved external
sales revenues of RMB 1,633.9 billion,
accounting for 58.7% of the Company’s
turnover and other operating revenues,
representing a decrease of 2.8% over
2013 mainly due to the decline of various
refinery products prices and sales volume
decrease of other refined petroleum
products which offset the effect of
increase in gasoline, diesel and kerosene
sales volumes. The sales revenue of
gasoline, diesel and kerosene was RMB
1,342.0 billion, representing an increase
of 0.7% over 2013, and accounting
for 82.1% of the total sales revenue of
petroleum products. Turnover of other
refined petroleum products was RMB
291.9 billion, representing a decrease of
16.0% compared with 2013, accounting
for 17.9% of the total sales revenue of
petroleum products.
The Company’s external sales revenue
of chemical products was RMB 357.0
billion, representing a decrease of 4.6%
over 2013, accounting for 12.8% of
the Company’s total turnover. This was
mainly due to the decline of chemical
product prices which offset the sales
volume increase of basic chemical
feedstock and synthetic resin.