China Petroleum and Chemical Corporation announced on the 6th that in 2007, net profit reached 56.533 billion yuan, an increase of 5.5%, according to Xinhua Net.
China Sinopec issued its 2007 annual performance report. According to international financial reporting standards, China Sinopec's annual turnover, other operating income and other income in 2007 totaled 1.209706 trillion yuan, an increase of 13.4%. According to Chinese enterprise accounting standards, China Sinopec achieved an annual revenue of 1.204843 trillion yuan in 2007, an increase of 13.5%; and a net profit of 54.947 billion yuan, an increase of 5.5%.
By People's Daily Online
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