SNP.L Regulatory News (SNP)

Announcement on the Preliminary Financial Data for 2018

This announcement is made pursuant to the Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board and all directors of the Company warrant that there are no false representations, misleading statements or material omissions contained in this announcement and severally and jointly accept full responsibility for the authenticity, accuracy and completeness of the information contained herein.

1. Principal Financial Data and Indicators for 2018 prepared in accordance with the PRC Accounting Standards for Business Enterprises (ASBE)

2. Details of Operating Results and Financial Position

In 2018, the operating loss of exploration and production segment of the Company decreased significantly compared with the previous year, the refining segment and marketing and distribution segment continued to achieve good business performance, and the gross margin of chemicals segment remained steady. According to ASBE, the Company achieved operating income of RMB 2,881.6 billion, representing a year on year increase of 22.09%. Profit before taxation was RMB100.3 billion, representing a year on year increase of 15.88%. Net profit attributable to equity shareholders of the Company increased 22.04% year on year to RMB 62.4 billion, and net profit attributable to equity shareholders of the Company excluding extraordinary gains and losses increased 27.31% year on year to RMB 58.0 billion.

As of 31 December 2018, total assets of the Company was RMB 1,593.5 billion, representing a decrease of 0.13% as compared with that at the end of last year; the total equity attributable to equity shareholders of the Company decreased 1.37% to RMB 717.3 billion as compared with that at the end of last year.

3. Risk alert

The principal financial data for 2018 as set out in this announcement is not audited, and may be different from the data to be disclosed in the 2018 annual report of the Company. Investors of the Company are advised to exercise caution when dealing in securities of the Company.

Beijing, the PRC,

25 January 2019

As of the date of this announcement, directors of the Company are: Dai Houliang*, Li Yunpeng*, Yu Baocai*, Ma Yongsheng#, Ling Yiqun# , Liu Zhongyun# , Li Yong*, Tang Min+ , Fan Gang+, Cai Hongbin+, Ng, Kar Ling Johnny+

# Executive Director

* Non-executive Director

+ Independent Non-executive Director