In the first half of 2018, the total production volume of the Group reached 7,396,800 tons,
representing a
year-on-year
increase of 21.35%. From January to June, the Group processed 7,343,900 tons of crude oil (including 386,900 tons of crude oil processed on a
sub-contract
basis), representing a
year-on-year
increase of 7.93%. The production volume of refined oil products in total
reached 4,317,700 tons, representing a
year-on-year
increase of 6.23%. Among these, the output of gasoline was 1,630,900 tons, representing a
year-on-year
increase of 7.54%; the diesel output was 1,947,300 tons, representing a
year-on-year
increase of 7.82%; and the jet fuel output was 739,500 tons, representing a
year-on-year
decrease of 0.32%. The Group produced 402,500 tons of ethylene and 329,900 tons of paraxylene, representing a
year-on-year
increase of 13.25% and 15.84%, respectively. The Group also produced 484,000 tons of synthetic resins and plastic (excluding polyesters and polyvinyl alcohol), representing a
year-on-year
increase of 4.09%; 334,000 tons of synthetic fibre monomers, representing a
year-on-year
increase of 3.86%; 201,900 tons of synthetic fibre polymers, representing a
year-on-year
decrease of 0.25%; and 86,700 tons of synthetic fibres, representing a
year-on-year
decrease of 9.40%. For the first half of the year, the sales to output ratio and debt recovery ratio of the Group were 99.77% and 100%, respectively.
Good control of HSSE and keeping stable operation at its units. In the first half of the year, the Group adhered to the goals of zero
accident, zero harm and zero environmental damage, assigned clear responsibilities of production safety to correspondent parties, and strengthened the identification and control of safety risks. Focusing on atmospheric management, the Group
continued to push forward the full coverage work of leak, detection and repair (LDAR) and actively promoted the comprehensive environmental remediation in Jinshan District, with 13 environmental management projects launched on schedule.
From January to June, the Companys comprehensive compliance rate of discharged wastewater was 100%, and the total emissions of COD, ammonia nitrogen, sulfur dioxide and nitrogen oxides decreased by 29.33%, 88.17%, 70.62% and 30.56%,
respectively. In terms of production and operation, in the first half of the year, the Group started the first phase of the maintenance and repair at its units, with the focus on No. 2 ethylene units in newly developed area. It led to six times
cumulatively of
non-planned
halts, four times more than the same period last year. The overall operation of the units remained stable. Among the 71 major technological and economic indicators monitored, 43
items were better than the annual level last year, with a
year-on-year
progress rate of 60.56%. There were 31 items reaching advanced level of the industry, leading to
the industrys advanced rate of 43.66%. During the Reporting Period, the Companys accumulated comprehensive energy consumption was 0.746 tons of standard coal per RMB10,000, representing a decrease of 2.99% compared with the annual total
of 0.769 tons of standard coal per RMB10,000 last year.
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