Sinopec released the performance report for the third quarter of 2021. In the first three quarters, the company focused on system optimization, market development and cost control to achieve high-quality business results. The natural gas output increased by 13.7% year-on-year, the processed crude oil was 191 million tons, a year-on-year increase of 9.3%, the ethylene output was 9.75 million tons, a year-on-year increase of 10.2%, and the total economic sales of domestic refined oil was 128 million tons, a year-on-year increase of 3.8%.
According to the Chinese accounting standards for business enterprises, the net profit attributable to the shareholders of the parent company in the first three quarters was 59.892 billion yuan, a year-on-year increase of 154.9%; According to international financial reporting standards, the net profit attributable to shareholders of the company in the first three quarters was 60.755 billion yuan, a year-on-year increase of 148.5%.
In terms of exploration and development, continue to promote high-quality exploration and benefit development, and strive to consolidate the resource base. In terms of exploration, we increased risk exploration in new areas and made a number of new oil and gas discoveries in Tarim Basin, Sichuan Basin and Ordos Basin. Meanwhile, major breakthroughs have been made in continental shale oil exploration in Bohai Bay, Sichuan and Subei basins. In terms of development, we strengthened the construction and production of key natural gas and crude oil projects. In the first three quarters, the natural gas output increased by 13.7% year-on-year, and the domestic crude oil output was flat year-on-year.
In terms of oil refining, increase production and marketing coordination, maintain high load operation of the unit, actively adjust the product structure and maximize the overall benefits of the industrial chain. Optimize the allocation of crude oil resources and reduce procurement costs; Adhere to the direction of "oil conversion" and vigorously increase the production of marketable products such as gasoline and chemical light oil; Increase the production of high value-added products and special products, build 6 sets of hydrogen purification units, and successfully develop high-end needle coke products. The domestic market share of low sulfur ship fuel ranks first; Accelerate the construction of advanced production capacity and orderly promote structural adjustment projects. In the first three quarters, 191 million tons of crude oil were processed, a year-on-year increase of 9.3%, and 109 million tons of refined oil were produced, a year-on-year increase of 3.2%.
In terms of marketing and distribution, give full play to the advantages of integration, fully promote market development, vigorously carry out differentiated marketing, and improve the business scale. Integrate national customers and marketing resources and continuously improve service quality; Optimize the terminal network layout, accelerate the construction of "oil, gas and hydrogen electric service" comprehensive energy charging station, and complete and put into operation the first carbon neutralization gas station and photovoltaic building integrated gas station. In the first three quarters, the total sales volume of refined oil was 167 million tons, and the total sales volume of domestic refined oil was 128 million tons, a year-on-year increase of 3.8%. At the same time, we will strengthen the development and sales of self owned brand goods, continue to expand new business formats such as auto service, fast food and advertising, and promote the rapid development of non oil business.
In the chemical industry, we will accelerate the construction of advantageous and advanced production capacity and accelerate structural adjustment. Optimize raw material structure and reduce raw material cost; Strengthen the connection between production, marketing and research, increase the proportion of high value-added products, and increase the proportion of high value-added products of synthetic resin, synthetic rubber and synthetic fiber by 1.4, 3.7 and 1.6 percentage points respectively. Ethylene output in the first three quarters was 9.75 million tons, a year-on-year increase of 10.2%. At the same time, the company improved the key customer management mechanism, increased export efficiency, and promoted the online Petrochemical e trade of self sold products. The total volume of chemical products in the first three quarters was 60.77 million tons.
In terms of capital expenditure, we continued to optimize the investment management system and strive to improve the quality and efficiency of investment. The capital expenditure in the first three quarters was 89.7 billion yuan. Among them, 38.6 billion yuan of exploration and development is mainly used for the construction of Shunbei crude oil production capacity, Weirong, Fuling, Western Sichuan and other natural gas production capacity, as well as the construction of Tianjin LNG phase II and other storage and transportation facilities; The oil refining sector is 10.6 billion yuan, which is mainly used for the construction of oil refining structure adjustment projects such as Zhenhai and Anqing and hydrogen purification units; The marketing and distribution sector is 9.9 billion yuan, which is mainly used for the construction of gas (gas) stations, "oil, gas and hydrogen electric service" comprehensive energy stations, logistics facilities and other projects; The chemical sector is 29.7 billion yuan, which is mainly used for the construction of ethylene projects in Zhenhai, China and South Korea, Hainan and Tianjin, overseas Amur project, Jiujiang aromatics, Yizheng PTA and other projects.
At present, the world economy is gradually recovering and China's economy continues to recover and develop. Facing the production and operation situation of rising international oil prices and steady recovery of demand for petroleum and petrochemical products, Sinopec will focus on the vision and goal of building a world leading clean energy chemical company, accelerate energy transformation and industrial upgrading, accelerate the construction of "one base, two wings and three new" industrial pattern, focus on high-quality development, expand Rio Tinto market, focus on optimization, adjust structure, promote reform and prevent risks, Strive to achieve good performance and create greater value for society and shareholders.
