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CK Life Sciences Int'l., (Holdings) Inc. Earnings Release 2017

Mar 26, 2017

49461_rns_2017-03-26_d88b063f-0a4e-473d-ae46-e3d10cef0b49.pdf

Earnings Release

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this notice.

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(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 00386)

Positive Profit Alert in respect of the First Quarterly Results of 2017

The Board of Directors of the Company and all its directors warrant that there are no misrepresentations, 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 in this announcement.

I. Estimated Results of this Period

  1. Period of the Estimated Results

From 1 January 2017 to 31 March 2017.

  1. Estimated Results

  2. Based on preliminary calculations by the financial department of China Petroleum & Chemical Corporation (the “ Company ”) and in accordance with PRC Accounting Standards for Business Enterprises, it is estimated that the net profit attributable to shareholders of the Companty for the first quarter of 2017 will increase by approximately 150% as compared with the corresponding period of the preceding year.

  3. The estimated results have not been audited.

II. Results for the Corresponding Period of the Preceding Year

  1. Net profit attributable to the shareholders of the Company: RMB 6,185 million.

  2. Basic earnings per share: RMB 0.051.

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III. Main Reasons for the Estimated Results of this Period

The price of international crude oil in the first quarter of this year increased significantly, which helps the upstream segment to reduce its losses as compared with the corresponding period last year; and market demand for middle and downstream products remained stable, and profitablility increased as compared with the corresponding period last year.

IV. Other Matters

The above estimated data represents figures of preliminary calculations only. Please refer to the 2017 first quarterly report to be officially disclosed by the Company for specific and accurate financial data.

By Order of the Board China Petroleum & Chemical Corporation Huang Wensheng

Vice President and Secretary to the Board of Directors

Beijing, the PRC 24 March 2017

As of the date of this announcement, directors of the Company are: Wang Yupu*, Dai Houliang[#] , Wang Zhigang[#] , Zhang Haichao[#] , Jiao Fangzheng[#] , Ma Yongsheng[#] , Jiang Xiaoming[+] , Andrew Y. Yan[+] , Tang Min[+] and Fan Gang[+] .

Executive Director

  • Non-executive Director

    • Independent Non-executive Director

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