Mei Ri Jing Ji Xin Wen·2026-02-04 10:28Core Viewpoint - The environmental assessment approval for the polypropylene (PP) unit bottleneck transformation project of Fujian Gulei Petrochemical Co., Ltd., an indirect subsidiary of Sinopec, has received principle consent, with a total investment of 41.12 million yuan [1]. Group 1: Company Overview - Sinopec primarily engages in the exploration, development, and production of crude oil and natural gas, refining, transportation, storage, and marketing of crude oil and petroleum products, as well as the production and sale of chemical products [3]. Group 2: Financial Data - The market capitalization of Sinopec is 746.546 billion yuan [4]. - Projected operating revenue for 2024 is 307.4562 billion yuan, while the first three quarters of 2025 are expected to generate 211.3441 billion yuan [4]. - The net profit attributable to shareholders for 2024 is projected at 81.9922 billion yuan, with an expected increase to 83.0967 billion yuan in 2025 [4]. - The return on equity is forecasted to be 6.19% for 2024, down from 3.63% in 2025 [4]. - The gross profit margin is expected to be 15.47% in 2024 and 15.68% in 2025 [4]. - Operating cash flow for 2024 is projected at 149.36 billion yuan, decreasing to 114.782 billion yuan in 2025 [4]. - Accounts receivable is expected to be 44.333 billion yuan in 2024 and 67.369 billion yuan in 2025 [4].