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Sinopec Publishes 2024 Operating Results, Hits 75 Percent Profit Distribution Rate

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BEIJING, April 1, 2025 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) officially disclosed the Company’s operating revenue in accordance with International Financial Reporting Standards (IFRS) on March 23, hitting 3.07 trillion yuan (USD 422.739 billion) with profit attributable to shareholders amounting to 48.94 billion yuan (USD 6.74 billion) and earnings per share reaching 0.404 yuan.

Sinopec stresses shareholder returns and has implemented a return-oriented action plan with enhanced quality and efficiency, a dividend return plan for shareholders in the next three years, and its first-ever market value management strategy. It is expected that a cash dividend of 0.286 yuan per share (including tax) will be paid for the whole year of 2024, which, when combined with the repurchase amount, will result in an annual payout ratio of 75 percent.

In 2024, Sinopec reported record highs in terms of oil and gas equivalent production, crude oil processing volume, kerosene production, and domestic oil and gas reserve replacement rate:

Produced 515.35 million barrels of oil and gas equivalent, 1,400.4 billion cubic feet of natural gas, up 4.7 percent year-on-year, and hit record high of natural gas industry chain profit;Produced 254 million barrels of crude oil, up 0.9 percent year-on-year with domestic oil and gas reserve replacement rate reaching 144 percent;Processed 252 million tonnes of crude oil, a year-on-year increase in kerosene production of 8.6 percent;PX production hit record high; the annual ethylene output was 13.47 million tonnes, and the total sales volume of chemical products was 83.45 million tonnes, of which the export volume increased by 13.1 percent year-on-year;The total sales volume of refined oil products reached 239 million tonnes.

As a service provider of fuel, natural gas, hydrogen, electricity and non-fuel business, Sinopec responds to market changes and gives full play to its integration and network advantages, building over 1,000 LNG/CNG refueling stations and over 10,000 battery charging and swapping stations. Pushing forward the steady development of hydrogen mobility, Sinopec is also exploring the domestic and international low-sulfur marine fuel market and has the second highest marketing volume of marine fuel in the world.

Sinopec is also vigorously promoting the integration of sci-tech innovation and industrial innovation. It has put into operation the world’s first cyclohexene esterification hydrogenation unit for producing cyclohexanone and digital twin-based smart ethylene factory, also completed China’s first factory-scale seawater to hydrogen production demonstration project. Throughout 2024, Sinopec applied for 9,666 domestic and foreign patents, and 5,550 were authorized.

In addition, Sinopec is responding to climate challenges with concrete actions; it’s carrying out the second phase of the green enterprise action program and launched the 10,000 PV Sites initiative. The annual carbon capture volume has increased 20.1 percent year-on-year, and methane recovery increased by 9.4 percent. It has lowered comprehensive energy consumption per 10,000 yuan of production output by 4.9 percent year-on-year. With the rapid development of emerging industries such as hydrogen energy, biofuels, CCUS and more, Sinopec has established 11 hydrogen fuel cell supply centers in China and successfully developed the “Beijing-Shanghai Hydrogen Transportation Corridor.”

“In 2025, as China’s economy rebounds, Sinopec will have a broader space for transformation and upgrading. We will anchor on high-end, high-quality, intelligent and green development, while steadily carrying out green and low-carbon transformation, fulfilling corporate social responsibilities, and joining hands with global stakeholders to promote the sustainable development of the Company, creating greater values for the shareholders and society,” said Ma Yongsheng, President of Sinopec.

For more information about Sinopec, please visit http://www.sinopec.com/listco/en/.

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BizClik Media Launches April Edition of FinTech Magazine

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The April edition of FinTech Magazine features exclusive interviews and insights from leaders at BBVA, Abzena, Mollie, Yuno, Chainalysis, Ecommpay, and more—exploring innovation across AI, blockchain, open banking, and financial regulation.

LONDON, April 4, 2025 /PRNewswire/ — BizClik, the UK’s fastest-growing digital media and publishing company, has released the April 2025 edition of FinTech Magazine. Known for its executive-led content and deep dives into industry transformation, the publication continues to be a trusted voice across the global financial services and technology sectors.

FinTech Magazine – April 2025 Edition

This month’s edition highlights how financial institutions and fintech companies are leveraging cutting-edge technology to redefine the future of finance.

Cover Feature: BBVA in Switzerland
COO Francisco Javier Arranz and CFO Eva Blaya outline how the bank is leading digital innovation through AI, blockchain, and strategic transformation.

“The CFO is no longer just the guardian of financial performance but a key driver of digital transformation.” – Eva Blaya, CFO, BBVA in Switzerland

Abzena – CIO David Williamson discusses data-led biotech finance strategies and the power of predictive analytics in innovation
Ecommpay – CRO Moshe Winegarten explains how APIs are changing banking decisions
Mollie & Yuno – Executives Dave Smallwood and Carol Grunberg explore regulatory complexity in a multi-jurisdictional world
Chainalysis – CEO Jonathan Levin details how the company is setting global standards for crypto investigations
Risk Management & Predictive Analytics – AI-led financial modelling insights from:

Gunnar Már Gunnarsson, PAYSTRAXMark Dearman, FintechOSAlan Jacobson, Alteryx

Cloud in Financial Services – Leaders from IBM, Capgemini, GFT Technologies, Persistent Systems, Red Hat, Protegrity, and SaaScada unpack trends in compliance, sovereignty, and scalability
Top 10 Women in FinTech – A spotlight on the standout leaders shaping the future of finance, taken from the 2025 Top 100 Women in FinTech ranking

Explore the April edition for more on AI, open banking, digital risk management, cloud innovation, and the people leading the transformation of global financial services.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit our website.

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BizClik Media Launches April Editions of Supply Chain Digital and Procurement Magazine

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The April editions feature interviews with leading executives from PepsiCo, BMW Group, DP World, Exotec, Royal Mail, Coupa Software and more, offering insights into supply chain innovation, procurement transformation, and global logistics strategies.

LONDON, April 4, 2025 /PRNewswire/ — BizClik, the UK’s fastest-growing B2B digital media and publishing company, has released the April 2025 editions of Supply Chain Digital and Procurement Magazine. These titles remain essential reading for professionals across the global supply chain, logistics, and procurement industries, offering forward-looking features, in-depth interviews, and exclusive event coverage.

Supply Chain Digital

This edition’s lead interview features Rashid Abdulla, CEO for Europe at DP World, who shares how the company is driving supply chain transformation across the continent.

Other highlights include:

Lauren Hymen, PepsiCo – On how digital transformation is empowering procurementMilan Nedeljkovic, BMW Group – Exploring the impact of Industry 4.0 on manufacturingCharles Hou, J&T Express Middle East – On revolutionising last-mile deliveryRomain Moulin & Arthur Bellamy, Exotec – Discussing robotics, AI, and future-ready automationMary Rollman, KPMG US – Analysing nearshoring strategies to navigate trade uncertaintyPierre-Yves Dermagne – On entering a new era of supplier diversity and complianceTop 10 Supply Chain Leaders – Featuring standout figures including Carol B. Tomé at UPSPeople Moves – Updates on Fernando Fernandez, Torsten Pilz, Gavin Chappell, and Adam Jones

This issue also includes highlights from Procurement & Supply Chain LIVE: Sustainability and previews of the upcoming shows in Chicago and London.

Procurement Magazine

The April edition features a cover story with Lauren Hymen of PepsiCo, who shares how the company is leveraging digital tools to drive innovation and meet its sustainability goals.

Key content includes:

Stuart Farrell & Natalia Merkulova, AllPoints Fibre Networks – On aligning procurement and finance for value creationJoao Paulo da Silva, Coupa Software – On leading digital transformation initiativesErnest Rolfson, Finexio – Executive perspective on payment innovationKristian O’Meara, JAGGAER – Exploring AI’s impact on supply chain visibilityTop 10 Influential CPOs – Including Heather Ostis, Thomas Udesen, Amanda Davies, and morePeople Moves – Career updates from David Khuat-Duy, Franck Lheureux, James Jones and Willem UijenSupplier Diversity – Insights from Kelly Grainger, Felizitas Lichtenberg and Rebecca SimpsonBlockchain – Expert commentary from Scott Zoldi at FICO and Cristiano Ventricelli at Moody’s Ratings

Also featured: Highlights from Procurement & Supply Chain LIVE: Sustainability, and what to expect at upcoming events in Dubai and Chicago.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit https://www.bizclikmedia.com/

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SOURCE Bizclik Media

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BizClik Media Launches April Editions of Technology, Data Centre & Mobile Magazines

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The April editions feature exclusive interviews and insights from industry leaders across AWS, Vodafone, Nokia, BBVA, Equinix and more—covering AI, sustainability, quantum computing, and future-ready infrastructure.

LONDON, April 4, 2025 /PRNewswire/ — BizClik, the UK’s fastest-growing B2B digital media company, has released the April 2025 editions of Technology Magazine, Data Centre Magazine and Mobile Magazine. These flagship titles continue to lead the conversation across the tech, telecoms and cloud infrastructure sectors, delivering deep industry insights and exclusive interviews with global executives and innovators.

Technology Magazine

The April edition explores how technology is driving corporate climate action, transforming AI in automotive, and unlocking new frontiers in quantum computing.

The cover feature is a spotlight interview with Rahul Pathak, VP of Data & AI at Amazon Web Services (AWS), discussing the evolving AI landscape and AWS’s innovation roadmap.

The issue also highlights exclusive interviews with:

Ashlie Thurston, Stonegate GroupDavid Williamson, AbzenaLauren Hymen, PepsiCoRajvir (Raj) Madan, Arcutis BiotherapeuticsChenzira Allen, Indianapolis Public SchoolsEva Blaya & Francisco Javier Arranz, BBVAAggelos Karonis, Kaizen GamingErnest Popescu, metrobloksGary Watson, Keppel DC REITVasco Gonçalves & Ibidapo Ibrahim, Seven Up Bottling Company

Also included:

A leadership spotlight on Christian Klein, CEO of SAPThe Top 10 Robotics Companies, featuring Boston Dynamics, KUKA, Universal Robots and more

Data Centre Magazine

The April issue offers a sharp focus on AI, sustainability, cloud, and the transformation of global digital infrastructure.

Highlights include:

“Fashion Meets Data Centres” – Maximilian Raynor partners with Equinix to blend design with infrastructureDanielle Rossi, Trane Technologies, discusses the future of hybrid data centre designRichard Petrie, CTO at LINX, shares perspectives on IX growth and AI’s role in 5GPaul Greenley details Vodafone’s data centre evolutionNick Drouet, CTO at Kyndryl, explores the AI sustainability paradoxA look at Donald Trump’s investment in AI-led data centre assetsGary Watson, Keppel DC REIT, on Ireland’s sustainable futureErnest Popescu, metrobloks, on the rise of AI-ready metro hubs

Plus: The Top 10 Data Centre Influencers—featuring leaders from Compass Datacenters, Huawei, Nomad Futurist, and more

Mobile Magazine

April’s edition delivers insights from the frontline of telecoms, mobile tech and next-gen connectivity.

Key features include:

MWC Barcelona 2025 Special – Interviews with leaders from Ericsson, NVIDIA, and Kyndryl on the future of mobile innovationNokia’s Dr. Rolf Werner on quantum-safe networks and the power of AISam Greenslade, CARMA, on how AI and social media are shaping content strategyTop 10 Women in Telco – Spotlighting change-makers at Deutsche Telekom, BT Group, Lumen and othersAndy Train, Cornerstone, on digital infrastructure and AI talent pipelinesStuart Farrell & Natalia Merkulova, AllPoints Fibre Networks, on the value of strategic procurementPaul Greenley, Vodafone, on the company’s evolving data centre strategy

Explore the April editions of Technology, Data Centre, and Mobile Magazine today to stay informed on the innovations and strategies shaping the global tech and telco landscape.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit https://www.bizclikmedia.com/ 

View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-april-editions-of-technology-data-centre–mobile-magazines-302420936.html

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