Financial Performance - The net profit attributable to the shareholders of the parent company for 2024 is RMB 316,500 thousand, a significant recovery from a loss of RMB 1,405,876 thousand in 2023[7]. - Total revenue for 2024 is RMB 87,132,820 thousand, representing a decrease of 6.32% compared to RMB 93,013,595 thousand in 2023[20]. - The company reported a total profit of RMB 428,835 thousand for 2024, a significant turnaround from a loss of RMB 1,715,136 thousand in 2023[20]. - Basic earnings per share for 2024 is RMB 0.030, a significant improvement from a loss of RMB 0.130 in 2023[22]. - The weighted average return on equity increased to 1.270% in 2024 from a loss of 5.504% in 2023, representing an increase of 6.77 percentage points[22]. - The company recorded a net profit attributable to shareholders of RMB 310.98 million in 2024, compared to a loss of RMB 1,346.15 million in 2023[30]. - The company reported a net profit of RMB 317.00 million for 2024, recovering from a loss of RMB 1,349.31 million in 2023[30]. - The company's total revenue for the year ended December 31, 2024, was RMB 87.13 billion, a decrease of 6.32% compared to RMB 93.01 billion in 2023[111]. Cash Flow and Assets - The operating cash flow for 2024 shows a substantial increase to RMB 7,740,447 thousand, up 859.17% from RMB 806,996 thousand in 2023[20]. - The total assets at the end of 2024 amount to RMB 41,769,339 thousand, reflecting a growth of 5.32% from RMB 39,658,244 thousand at the end of 2023[20]. - The net assets attributable to the shareholders of the parent company increased by 0.87% to RMB 25,040,254 thousand at the end of 2024, compared to RMB 24,824,929 thousand at the end of 2023[20]. - The total cash inflow from operating activities for 2024 was RMB 76.24 billion, an increase of RMB 69.6 billion compared to RMB 6.64 billion in the previous year[92]. - The company's total assets as of December 31, 2024, amounted to RMB 41,800,000 thousand, with cash and cash equivalents at RMB 12,096,477 thousand, representing 28.96% of total assets[135]. - The company reported a 115.74% increase in cash and cash equivalents compared to the previous year[135]. Dividends and Profit Distribution - The company plans to distribute a final dividend of RMB 0.02 per share for the 2024 fiscal year, pending approval at the annual general meeting[7]. - The profit distribution plan for 2024 includes a cash dividend of RMB 0.02 per share, pending approval at the annual shareholders' meeting[172]. - The company has a cash dividend policy that mandates a minimum of 30% of the annual net profit to be distributed as cash dividends if certain conditions are met[170]. - The total cash dividends distributed over the last three accounting years amount to RMB 211.58 million, with an average net profit attributable to shareholders of RMB -1.32 billion during the same period[176]. Operational Efficiency and Cost Management - The total cost of sales and expenses for 2024 was RMB 74.23 billion, a decrease of 9.28% from RMB 81.83 billion in 2023[74]. - The company has implemented cost reduction strategies across various operations, including crude oil procurement and logistics management, to improve profitability[52]. - The company's total operating costs for 2024 were RMB 72.05 billion, down 8.99% from RMB 79.16 billion in 2023, primarily due to a decline in the sales volume of petrochemical products[119]. - The company achieved significant breakthroughs in safety production, turning losses into profits, and high-quality development[47]. Market and Product Development - The company emphasizes its commitment to enhancing product quality and variety while focusing on new product development and market expansion[18]. - The company plans to continue focusing on market expansion and new product development to drive future growth[22]. - The company is actively adjusting its product structure to meet the growing demand for petrochemical products in China[18]. - The company anticipates a decline in gasoline and diesel consumption in 2025 due to increased competition and market saturation[146]. Environmental and Safety Initiatives - The company achieved a 100% compliance rate for wastewater discharge and hazardous waste disposal in 2024[180]. - The company reported a total environmental tax payment of RMB 11.066 million to the Jinshan District Tax Bureau in 2024[181]. - The company successfully repaired 8,707 out of 8,971 detected leakage points, resulting in a cumulative repair rate of 97.06%[180]. - The company reduced carbon emissions by 89,053 tons through various measures in 2024[190]. - The company purchased 17.789 million kWh of green electricity, reducing carbon emissions by 74,714 tons[191]. - The company generated 1.333 million kWh of solar power, leading to a reduction of 5,599 tons of carbon emissions[191]. - The company maintained a 100% compliance rate for air pollutant emissions across all major pollution facilities in 2024[180]. - The company completed environmental impact assessments for seven new projects in 2024[186]. Research and Development - Research and development expenses for 2024 amounted to RMB 1.74 billion, compared to RMB 1.87 billion in 2023 and RMB 1.31 billion in 2022[96]. - The company has 153 R&D personnel, accounting for 2.17% of the total workforce[126]. - The company is involved in the development of high-strength carbon fiber technology, with a total funding requirement of RMB 114.75 million for various research projects[200]. Related Party Transactions - The company has engaged in related party transactions with its controlling shareholder, Sinopec Corp, which may impact its business and economic benefits[164]. - Sinopec Corp holds approximately 54.59 billion shares, representing 51.14% of the total shares, indicating a controlling interest that may affect the company's operations[165]. - The company confirmed that all related party transactions were conducted at market prices or according to national pricing policies, ensuring no significant impact on its independence[198]. - The company's financial services transactions with Sinopec Group's contacts amounted to RMB 4.86 million, representing only 1.57% of the maximum limit[196]. - The maximum limit for comprehensive service framework agreements was RMB 1,542 million, with actual transactions for construction and engineering design services amounting to RMB 116.928 million, or 16.93% of the limit[196]. Future Outlook - For 2025, the company plans to process a total of 13.1 million tons of crude oil, producing 8.39 million tons of refined oil, 622,200 tons of ethylene, and 688,000 tons of paraxylene[149]. - The company will invest approximately RMB 2.85 billion in capital expenditures for 2025, funded through financing activities and some self-owned funds[158]. - The company aims to become a "domestically leading, world-class" energy chemical and new materials company, focusing on low-cost upstream and high-value downstream operations[147]. - The company plans to focus on innovation by transitioning from refining to chemicals, then to materials, and finally to high-end products, while also promoting ecological development[152].

中国石化上海石油化工股份有限公司 董事会审计与合规管理委员会 2024 年履职情况报告 根据中国证监会《上市公司治理准则》、香港联合交易所《企业管治守 则》等有关规定,中国石化上海石油化工股份有限公司("本公司"或"公 司") 董事会设立了审计与合规管理委员会。审计与合规管理委员会主要负 责向董事会提议聘请或更换外部审计机构及公司内、外部审计与合规之间 的沟通;监督公司内部审计制度、合规管理制度及其实施;审核公司财务 信息及其披露;审查公司内控制度等。《中国石化上海石油化工股份有限公 司审计与合规管理委员会议事规则》("《议事规则》")已登载于公司信息披 露指定网站上。 按照《议事规则》,审计与合规管理委员会每年至少召开两次会议。2024 年,审计与合规管理委员会共召开四次会议,会议出席情况分别如下: | 审计与合规管理委员 | 亲自出席会议次数 | 委托出席次数 | 出席率 | | --- | --- | --- | --- | | 会成员 | | | | | 唐松 | | | 100% | | 陈海峰 | | | 100% | | 黄江东 | | | 100% | 2024年3月19日召开的第十一届董事会 ...

中国石化上海石油化工股份有限公司 自 2024 年 1 月 1 日 至 2024 年 12 月 31 日止年度财务报表 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 审计报告 毕马威华振审字第 2501446 号 中国石化上海石油化工股份有限公司全体股东： 一、审计意见 我们审计了后附的中国石化上海石油化工股份有限公司 (以下简称"上海石化") 财务报 表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润 表、合并及母公司现金流量表、合并及母公司股东权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照中华人民共和国财政部颁布的企业会计准 则 (以下简称"企业会计准则") 的规定编制，公允反映了上海石化 2024 年 12 月 31 日的合并 及母公司财务状况以及 2024 年度的合并及母公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国 ...

中国石化上海石油化工股份有限公司 自 2024 年 1 月 1 日 至 2024 年 12 月 31 日止年度财务报表 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第 2502235 号 中国石化上海石油化工股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审 计了中国石化上海石油化工股份有限公司（以下简称"贵公司"）2024 年 12 月 31 日的 财务报告内部控制的有效性。 一、 企业对内部控制的责任 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况 的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内 部控制审计结果推测未来内部控制的有效性具有一定风险。 第 1页，共 2 页 毕马威华振会计师事务所(特殊普通合伙) — 中国合伙制会计 师事务所，是与毕马威国际有限公 ...

中国石化上海石油化工股份有限公司 2024 年度独立董事述职报告 本人杨钧,作为中国石化上海石油化工股份有限公司("公司")的独立董 事,按照《公司法》、《上市公司治理准则》、《上市公司独立董事管理办法》、《上 海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第1号 -- 规范运作》等相关法律法规以及《中国石化上海石油化工股份有限公司章程》 ("《公司章程》")、《中国石化上海石油化工股份有限公司独立董事工作制度》等 有关规定,在 2024年度工作中,积极参加独立董事专门会议、董事会及专门委 员会会议,认真审议各项议案,在发挥独立董事的作用,维护全体股东特别是广 大中小股东的合法权益等方面,独立、诚信、谨慎地履行了职责。现将本人在 2024年度履行职责的情况报告如下: 一、独立董事的基本情况 本人经 2019 年股东周年大会选举为公司第十届董事会独立董事。2024 年 6 月，公司召开 2023 年股东周年大会及第十一届董事会第一次会议,选举本人为 公司第十一届董事会独立董事,并同意本人担任第十一届董事会提名委员会委员、 董事会薪酬与考核委员会委员。 本人简历详见公司 2024 年年度报告。本人 ...

中国石化上海石油化工股份有限公司 2024 年度独立董事述职报告 本人周颖，作为中国石化上海石油化工股份有限公司（"公司"）的独立董 事,按照《公司法》、《上市公司治理准则》、《上市公司独立董事管理办法》、《上 海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第１号 ___规范运作》等相关法律法规以及《中国石化上海石油化工股份有限公司章程》 ("《公司章程》")、《中国石化上海石油化工股份有限公司独立董事工作制度》等 有关规定，在 2024 年度工作中，积极参加独立董事专门会议、董事会及专门委 员会会议，认真审议各项议案，在发挥独立董事的作用，维护全体股东特别是广 大中小股东的合法权益等方面,独立、诚信、谨慎地履行了职责。现将本人在 2024 年度履行职责的情况报告如下: 一、独立董事的基本情况 2023 年 6 月 ,公司召开 2022年股东周年大会及第十一届董事会第一次会议, 选举本人为公司第十一届董事会独立董事,并同意本人担任第十一届董事会战略 与 ESG 委员会委员、董事会薪酬与考核委员会委员。 本人简历详见公司 2024 年年度报告。本人已按要求向董事会提交了《2024 年度独立非执行 ...

中国石化上海石油化工股份有限公司 2024 年度独立董事述职报告 本人陈海峰,作为中国石化上海石油化工股份有限公司("公司")的独立 董事,按照《公司法》、《上市公司治理准则》、《上市公司独立董事管理办法》、 《上海证券交易所股票上市规则》、《上海证券交易所上市公司自律监管指引第 1 号 -- 规范运作》等相关法律法规以及《中国石化上海石油化工股份有限公司章 程》("《公司章程》")、《中国石化上海石油化工股份有限公司独立董事工作制度》 等有关规定,在 2024年度工作中,积极参加独立董事专门会议、董事会及专门 委员会会议,认真审议各项议案,在发挥独立董事的作用,维护全体股东特别是 广大中小股东的合法权益等方面,独立、诚信、谨慎地履行了职责。现将本人在 2024年度履行职责的情况报告如下: 一、独立董事的基本情况 本人经 2019年股东周年大会选举为公司第十届董事会独立董事。2023年6 月,公司召开 2022年股东周年大会及第十一届董事会第一次会议,选举本人为 公司第十一届董事会独立董事,并同意本人担任第十一届董事会审计与合规管理 委员会委员、董事会提名委员会委员。 本人简历详见公司 2024年年度报告。本 ...