公告日期：2026-05-12

Full content of 2024Annual Report

A Letter to Investors

Dear Investors:

Strengthening the nation through industry to build new dreams; keeping our original

aspiration like a torch to embark on a new journey. Standing firm in the real economy and

moving towards prosperity, we have tempered our resilience within industry cycles and stood at the
forefront of industrial transformation. On the occasion of the disclosure of the 2025Annual Report,
we carry our gratitude and commitment in this letter to express our most sincere thanks to global

investors for your long-term trust and support! In 2025, amidst the surging industrial waves and

accelerating evolution of industry changes, we have walked hand in hand with all shareholders,

forging foundations with perseverance, breaking new ground through innovation, and creating value
through hard work, marching towards the light on the path of high-quality development.

Enhancing the foundation to improve quality and efficiency; expanding new horizons
through chain synergy. In 2025, the global macro-economic environment remained complex, and
the petrochemical industry was in a period of bottom adjustment within the cycle. Relying on its
world-leading ultra-large integrated refining and chemical platform, the Company stabilized
operations, improved quality and efficiency, and sought upgrades, achieving high-quality and steady
development. On one hand, the Company continuously strengthened market judgment and overall
production and operation coordination, achieving a total operating revenue of RMB 308.6 billion and
total assets exceeding RMB 386.6 billion. On the other hand, the Company focused deeply on its core
business, fully releasing its core advantages of the entire industrial chain integration—delving into
internal potential for cost reduction and efficiency, while optimizing external layouts to extend the
value chain. We have orderly advanced the tank f……
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