00338 1 2016 1.1 2016 1.2 2016 2016 1.3 2016 1.4 2016 12 31 1
1.5 2016 5,955,576 5,968,4662017 3 152016 2016 0.252016 2016 2 2.1 A A A 600688 H H H 00338 (ADR) (ADR) SHI 48 200540 510605 www.spc.com.cn spc@spc.com.cn 2.2 48 200540 48 200540 86-21-57943143 86-21-57933728 86-21-57940050 86-21-57940050 zhangjb@spc.com.cn wuyh@spc.com.cn 2.3 2
2016 3 3.1 2016 2015 (%) 2014 77,894,285 80,803,422 3.60 102,182,861 " " 7,765,405 4,208,729 84.51 914,149 " " 5,955,576 3,245,849 83.48 716,427 " " 5,921,988 3,130,327 89.18 806,028 7,210,957 5,143,397 40.20 4,039,919 2016 2015 (%) 2014 24,750,048 19,838,862 24.76 16,570,623 34,123,693 28,022,171 21.77 31,145,983 3
3.2 2016 2015 (%) 2014 0.551 0.301 83.06 0.066 0.551 0.300 83.67 0.066 0.550 0.290 89.66 0.075 (%)* 26.383 17.831 8.552 4.165 (%)* 26.254 17.251 9.003 4.686 0.668 0.476 40.34 0.374 2016 2015 (%) 2014 2.292 1.837 24.77 1.534 * (%) 26.645 28.143 1.498 45.926 * 4
3.3 2016 2015 2014 42,031 9,393 33,966 19,200 24,892 4,684 154,631 160,116 182,829 1,818 2,880 2,299 37,154 47,281 10,280 25,357 1,714 1,525 1,240 12,635 38,538 30,280 33,588 115,522 89,601 3.4 12 31 2016 2015 2014 2013 2012 65,936.5 67,037.2 92,725.0 105,503.2 87,217.3 7,778.3 4,237.2 (889.9) 2,444.7 (2,016.5) 5,981.5 3,310.4 (675.8) 2,065.5 (1,505.1) 5,968.5 3,274.3 (692.2) 2,055.3 (1,528.4) 0.553 0.303 (0.064) 0.190 (0.212) 0.552 0.303 (0.064) 0.190 (0.212) * (0.142) 12 31 24,722.0 19,797.3 16,500.3 17,732.5 16,037.2 33,945.6 27,820.6 30,905.6 36,636.8 36,462.5 8,942.4 7,726.3 14,134.0 18,645.3 20,158.6 * 2013 1272108 5
3.5 2016 (1-3 (4-6 (7-9 (10-12 16,564,814 20,428,377 17,591,471 23,309,623 1,145,237 1,951,438 1,033,386 1,825,515 1,153,846 1,963,739 972,315 1,832,088 1,947,815 2,697,209 656,447 1,909,486 4 4.1 10 121,214 114,205 2016 (%) A 0 5,460,000,000 50.56 0 0 H 1,600,000 3,454,966,321 31.99 0 A 37,317,811 332,103,090 3.08 0 0 A 0 67,655,800 0.63 0 0 005L FH002 A 32,572,140 0.30 0 0 6
2016 (%) A 960,000 22,375,300 0.21 0 0 A 0 19,645,656 0.18 0 0 A 18,755,639 0.17 0 0 A 1,677,992 17,412,997 0.16 0 0 A 14,999,808 0.14 0 0 4.2 100% 71.32%* 50.56% * 553,150,000 H 7
4.3 2016 12 31 5% 571 XV2 3 336 (%) H (%) 5,460,000,000A (L) 50.56 (BlackRock, Inc.) 217,219,026H (L) 228,000H (S) (1) (2) 2.01 0.002 6.22 0.06 (L)(S) (1) (BlackRock, Inc.)H 4,381,400 H (2) (BlackRock, Inc.)228,000 H 2016 12 31 XV2 3 336 8
5 5.1 20162015 6.7%20150.2 2016 (i) 2016 HAZOP 30.00% 16.11%83 4149.40% 18 21.69% 9
2016 1283.06 7.47% 2016 1430.28 258.80 3.33% 2016 778.43 3.6%100.27%100% 2016 2015 2016 2015 1 388.22 426.53-8.98% 280.70 361.17-22.28% 287.87 309.76-7.07% 285.01 310.26-8.14% 1 159.83 161.30-0.91% 55.91 61.22-8.67% 67.06 65.97 1.65% 46.60 46.51 0.19% 2 37.27 35.95 3.67% 35.91 35.78 0.36% 36.14 42.15-14.26% 24.37 30.66-20.52% 14.84 18.29-18.86% 14.59 17.06-14.48% 2 82.56 83.65-1.30% 3.75 3.04 23.36% 53.10 53.56-0.86% 53.51 53.22 0.54% 49.23 48.88 0.72% 45.40 45.30 0.22% 2 41.56 39.47 5.30% 29.83 28.11 6.12% 14.05 15.97-12.73% 14.06 16.11-12.59% 6.47 6.40 1.09% 6.08 5.99 1.50% 1 2 (ii) 2016 2016 10
12 31 12.41% 3.83% 0.51% 10.81% (iii) 2016 2016 201552%WTI2015 45%2016 2004 2016 WTI 43.36 2015 48.70 10.97%44.55 2015 52.38 14.95% 41.93 201550.84 17.53% 2016 12 31 1,430.28 258.8049.253.33% 2016 1,979.582015 2,533.4621.86% 2016 231.90 323.91 28.41% 41.60% 11
(iv) 2016 1# 1# V 98# 98#1.35:1 81.02%12 2016 (v) 2016 2016 0.77720100.807 3.72% COD 6.18% 12
6.17%9.74%7.27% 9.08%100% 100%92.40% 0.05 (vi) 2016+ +6971 311% 500 (vii) 20162# 1#-5# 7# 30 8.24SCF35(T300 ) 13
YS-90101# + 3#APC LIMS (viii) 2016 2016 12 31 1,071 12,1598.81% (ix) (1) 14
(2) 3.06 (3) 2016-0.84 2015 2.44 3.28 (4) 1.05 5.2 (i) 15
(ii) (iii) (iv) 16
2016 12 31 4.12 5.3 5.3.1 12 31 2016 2015 2014 202.1 1,855.5 2.8 222.2 2,328.2 3.5 228.7 2,891.5 3.1 1,341.7 9,797.6 14.9 1,316.0 9,992.2 14.9 1,321.4 12,489.4 13.5 2,055.7 8,827.6 13.4 2,162.1 9,332.0 13.9 1,968.9 12,391.0 13.4 8,097.9 24,002.6 36.4 9,268.9 30,802.0 45.9 9,305.3 49,259.5 53.1 20,585.4 31.2 13,718.2 20.5 14,791.0 15.9 867.8 1.3 864.6 1.3 902.6 1.0 11,697.4 65,936.5 100.0 12,969.2 67,037.2 100.0 12,824.3 92,725.0 100.0 17
12 31 2016 2015 2014 1,855.5 2.8 2,328.2 3.5 2,891.5 3.1 (2,464.4) (3.7) (2,684.6) (4.0) (3,473.4) (3.7) (608.9) (0.9) (356.4) (0.5) (581.9) (0.6) 9,797.6 14.9 9,992.2 14.9 12,489.4 13.5 (8,160.0) (12.4) (8,773.6) (13.1) (12,820.9) (13.8) 1,637.6 2.5 1,218.6 1.8 (331.5) (0.3) 8,827.6 13.4 9,332.0 13.9 12,391.0 13.4 (7,017.6) (10.6) (8,375.2) (12.5) (12,259.2) (13.2) 1,810.0 2.7 956.8 1.4 131.8 0.2 24,002.6 36.4 30,802.0 45.9 49,259.5 53.1 (20,189.6) (30.6) (28,939.7) (43.1) (49,288.8) (53.2) 3,813.0 5.8 1,862.3 2.8 (29.3) (0.1) 20,585.4 31.2 13,718.2 20.5 14,791.0 15.9 (20,534.2) (31.1) (13,703.0) (20.5) (14,724.9) (15.9) 51.2 0.1 15.2 0.0 66.1 0.0 18
12 31 2016 2015 2014 867.8 1.3 864.6 1.3 902.6 1.0 (792.8) (1.2) (652.2) (1.0) (745.7) (0.8) 75.0 0.1 212.4 0.3 156.9 0.2 65,936.5 100.0 67,037.2 100.0 92,725.0 100.0 (59,158.6) (89.7) (63,128.3) (94.2) (93,312.9) (100.6) 6,777.9 10.3 3,908.9 5.8 (587.9) (0.6) 83.7 0.1 (243.8) (0.4) (359.7) (0.4) 916.8 1.4 572.1 0.9 57.7 0.1 7,778.3 11.8 4,237.2 6.3 (889.9) (1.0) (1,796.8) (2.7) (926.8) (1.4) 214.1 0.2 5,981.5 9.1 3,310.4 4.9 (675.8) (0.7) 5,968.5 9.0 3,274.3 4.8 (692.2) (0.7) 13.0 0.0 36.1 0.1 16.4 0.0 5,981.5 9.0 3,310.4 4.9 (675.8) (0.7) 19
5.3.2 2016 12 312015 12 31 5.3.2.A (1) 2016659.365670.372 1.64% 2016 12 31 12.41% 3.83% 0.51% 10.81% (i) 201618.555 23.28220.30% 12.41%9.02% 13.15% 5.99% 79.22% 14.90% 2.8% 0.7 (ii) 201697.976 99.9221.95% 3.83%1.95% 3.23% 20
4.22% 0.58% 45.11% 33.07% 16.56% 14.9% (iii) 201688.276 93.3205.41% 0.51%4.92% 27.01% 8.76% 11.58% 16.99% 12.7% 13.4% 0.5 (iv) 2016240.026 308.02022.07% 10.81% 12.63% 36.4% 9.5 21
(v) 2016205.854 137.18250.06% 31.2%10.7 (vi) 2016 8.678 8.646 1.3% (2) 2016 591.586 2015 631.2836.29% 24.644 81.600 70.176 201.896 205.342 7.929 8.20% 6.99% 16.21% 30.24%49.85% 21.57% 22
2016587.317 627.571 6.41% 89.07% 2016 5.461 6.0099.12% 20161.973 2.34916.01% 20160.243 0.33928.32% 0.340 (3) 201667.779 39.089 28.690 2016 23
(i) 6.089 3.5642.525 (ii) 16.376 12.186 4.190 6.99% (iii) 18.100 9.5688.532 5.044 13.576 (iv) 38.130 18.62319.507 67.994 87.501 24
(v) 0.512 0.1520.360 68.672 68.312 (vi) 0.7502.124 64.69% 0.032 1.407 (4) 20160.837 2.4383.275 20152.119 20160.536 0.842 (5) 201677.783 42.37235.411 (6) 201617.968 9.268 2008 1 1 2016 25% 201525% 25
(7) 201659.815 33.10426.711 5.3.2.B (1) (i) 2016 71.818 49.32822.490 2016 72.88048.521 24.359 (ii) 201615.236 5.46415.236 26
(2) 2016 12 3126.34% 201527.77% *100% 5.3.2.C 201420152016 0.436 0.876 1.021 5.3.2.D 32 27
5.3.2.E 2016 12 31 2016 12 31 546,432 546,432 546,432 546,432 5.3.2.F 2016 12 3150% (%) (%) 2016 100 1,000,000 22,466 67.33 25,000 18,564 74.25 9,154 34,549 60 50,000 148 28
(%) (%) 2016 75 250,000 56,038 100 545,776 73,937 67.33 100,000 16,222 38.26%13.011 20%20.313 (1) 10% 2016 239.6937.535 7.507 (2) 30% (i) 2016 85.81% 2016 29
(ii) 201638.38% 2016 (iii) 201699.74% TR480 2016 (iv) 201628.44% 5.3.2.G 2016 520.45 85.89% 206.2356.38% 2016 403.491 51.8% 317.96140.82% 30
30% 20% 5.4 5.4.1 5.4.1.A 2016 12 31 2015 12 31 (%) 77,894,285 80,803,422 3.60% 55,743,306 60,089,297 7.23% 493,289 516,943 4.58% 2,683,310 2,667,413 0.60% " " 55,830 254,114 121.97% " " " " " " 7,210,957 5,143,397 40.20% 189,895 438,985 56.74% 2,666,344 3,906,275 31.74% 102,104 87,629 16.52% 31
12 31 2016 2015 (%) 11,906,438 13,710,933 1,804,495 13.16 " " 55,830 254,114 309,944 121.97 330,440 95,625 234,815 245.56 906,754 599,189 307,565 51.33 7,700,086 4,068,286 3,631,800 89.27 7,765,405 4,208,729 3,556,676 84.51 5,968,583 3,281,952 2,686,631 81.86 1,796,822 926,777 870,045 93.88 32
12 31 2016 2015 " " 7,210,957 5,143,397 2,067,560 40.20% " " 189,895 438,985 249,090 56.74% " " 2,666,344 3,906,275 1,239,931 31.74% 5.4.1.B 1) 2016 12.41% 3.83% 0.51% 10.81%2016 2) 5.3.2.G 33
5.4.1.C 1) 2016 557.433 600.8937.23% 12 31 2016 2015 (%) (%) (%) 23,190.5 41.60 32,390.7 53.90 28.40% 8,786.4 15.76 9,092.6 15.13 3.37% 1,560.8 2.80 1,659.0 2.76 5.92% 1,580.8 2.84 1,570.4 2.61 0.66% 20,423.9 36.64 13,573.2 22.59 50.47% 200.9 0.36 1,803.4 3.01 88.86% 55,743.3 100.00 60,089.3 100.00 7.23% 2) 5.3.2.G 5.4.1.D 5.4.1.A 34
5.4.1.E 102,104 0 102,104 (%) 0.13 217 (%) 1.96 (%) 0 5.3.2.C 5.4.1.F 5.4.1.A 35
5.4.2 5.4.2.A (%) (%) (%) 1,915,242 1,920,884 0.29% 20.10% 18.89% 1.49 10,072,760 7,217,955 28.34% 1.65% 8.88% 5.68 9,112,004 5,994,941 34.21% 5.16% 17.01% 9.40 35,261,722 19,506,920 44.68% 19.67% 31.26% 9.33 20,596,948 20,423,854 0.84% 50.13% 50.47% 0.23 413,634 235,284 43.13% 4.37% 6.85% 1.51 18.77% 36
5.4.2.B (%) 59,736,734 16.63 6,255,708 23.75 11,901,843 190.39 5.4.3 2016 12 31 (%) 2015 12 31 (%) 2016 12 31 2015 12 31 (%) 6,159,473 18.05 4,178,188 14.91 47.42 546,432 1.6 2,070,000 7.39 73.6 5,082,470 14.89 3,017,878 10.77 68.41 37
5.5 (1) 10,986 102 11,088 17,451 6,602 89 3,161 102 1,134 11,088 8,396 2,517 175 11,088 38
(2) 2016 (3) 2016 12 312015 12 31 (4) 5.6 2016 12 31 249,281 5.7 1. 2017 L 2017 39
2017 2017 20172016 2. 3. 2017 2017146088676 61 8979 4520 40
2017 (1) HSE LDARLDAR (2) 2017 2#3# 41
(3) (4) 1# EVA 2# SCF-55(T800 ) 2.0 42
(5) 4. (1) 43
(2) 95% (3) 2017 15 44
(4) (5) 2005 7 45
H (6) (7) 54.6 50.56% 46
5.8 20168.242015 7.2313.97% 2016 12 31 10EVA 11.32 1.22 1#~6# 1.64 0.18 0.81 0.31 2# 0.99 0.81 0.63 0.17 201715 47
5.9 5.9.1 2016 2016 6 152015 (1) (2) (3) 30% (4) 23 48
(5) 3 5.9.2 2016 5,955,576 5,968,4662017 3 152016 2016 0.252016 2016 49
5.9.3 10 10 10 (%) 2016 0 2.5 0 2,700,000 5,955,576 45.34 2015 0 1 0 1,080,000 3,245,849 33.27 2014 0 0 0 0 716,427 5.10 5.10.1 20162016 2016 5.10.2 50
ISO140012013 1 (GB/T 19001 2008) (GB/T 24001 2004) (GB/ T28001 2011)2016 10 26 2016 2016COD COD 6.18% 9.74% 7.27% 2016 100% 100% 100% LDARVOC2016 LDAR 100 VOCVOCVOC 2016 0.63 51
6 6.1 2016 (%) 94,475,000 26,350,188 45.27% 79,586,000 33,159,665 42.57% 31,156,000 5,738,425 7.37% 116,000 28,160 61.47% 309,000 100,220 100.00% 1,824,000 177,295 21.52% 200,000 123,621 96.93% 300,000 3,553 4.45% 2016 12 5 5,3962016 1 12018 12 312016 11 24 2016 11 25 5,396 52
201629 14A 14A 6.2 A.2.1 A.2.1 6.3 6.4 53
6.5 2016 12 31 7 7.1 2016 12 31 2015 12 31 5,440,623 1,077,430 1,267,920 1,007,373 1,656,580 1,624,571 29,340 15,131 11,596 2,491 56,545 29,050 6,159,473 4,178,188 253,804 209,746 14,875,881 8,143,980 3,838,794 3,471,139 380,429 405,572 13,502,370 14,424,899 717,672 722,520 406,116 423,529 299,340 359,487 103,091 71,045 19,247,812 19,878,191 34,123,693 28,022,171 54
2016 12 31 2015 12 31 546,432 2,070,000 5,000 5,082,470 3,017,878 476,806 579,887 37,634 39,999 2,158,427 1,368,418 465 1,890 20,473 19,119 614,668 629,080 8,942,375 7,726,271 150,000 160,000 9,092,375 7,886,271 10,800,000 10,800,000 534,628 516,624 18,213 346 953 5,100,401 4,493,260 8,296,460 4,028,025 24,750,048 19,838,862 281,270 297,038 25,031,318 20,135,900 34,123,693 28,022,171 2017 3 15 55
2016 2015 77,894,285 80,803,422 55,743,306 60,089,297 11,906,438 13,710,933 493,289 516,943 2,683,310 2,667,413 (55,830) 254,114 330,440 95,625 906,754 599,189 906,754 562,035 7,700,086 4,068,286 161,418 193,695 5,491 4,055 96,099 53,252 47,522 13,448 7,765,405 4,208,729 1,796,822 926,777 5,968,583 3,281,952 5,955,576 3,245,849 13,007 36,103 18,213 5,986,796 3,281,952 5,973,789 3,245,849 13,007 36,103 0.551 0.301 0.551 0.300 2017 3 15 56
7.2 77,842,906 80,748,138 (11,906,438) (13,710,933) 65,936,468 67,037,205 (58,731,674) (62,757,106) 7,204,794 4,280,099 (546,087) (600,859) 197,306 234,924 (24,275) (33,871) (53,882) 28,639 6,777,856 3,908,932 137,302 49,302 (53,617) (293,081) 83,685 (243,779) 916,754 572,035 7,778,295 4,237,188 (1,796,822) (926,777) 5,981,473 3,310,411 5,968,466 3,274,308 13,007 36,103 5,981,473 3,310,411 0.553 0.303 0.552 0.303 57
5,981,473 3,310,411 18,213 18,213 5,999,686 3,310,411 5,986,679 3,274,308 13,007 36,103 5,999,686 3,310,411 58
705,456 783,016 13,474,287 14,383,319 380,429 405,572 717,672 722,520 3,688,794 3,311,139 103,091 71,045 19,069,729 19,676,611 6,159,473 4,178,188 414,944 488,560 1,238,620 991,273 165,798 141,655 165,804 103,746 1,290,619 1,163,128 5,440,623 1,077,430 14,875,881 8,143,980 33,945,610 27,820,591 10,800,000 10,800,000 13,921,965 8,997,282 24,721,965 19,797,282 281,270 297,038 25,003,235 20,094,320 59
546,432 2,070,000 462,992 561,721 2,123,904 1,562,232 5,000 2,139,378 1,898,754 3,044,304 1,573,967 620,365 59,597 8,942,375 7,726,271 8,942,375 7,726,271 33,945,610 27,820,591 60
1. (a) 27 27 27 2016 1 1 34 11 1638 2012-2014 1 27 61
(b) 9 92014 7 39 9 (ECL)39 9 39 15 515 1518 11 1315 18 15 15 16 16 16 17 15 62
16 IFRS162019 1 1 2. 133,484 49,302 3,818 137,302 49,302 (56,080) (215,460) 2,463 3,518 (53,617) (211,942) (81,139) (53,617) (293,081) 83,685 (243,779) 63
3. 31,922,984 41,483,278 20,423,854 13,573,180 2,487,534 2,595,646 1,882,260 2,044,961 1,192,203 978,845 323,678 337,454 254,172 50,757 100,221 112,245 76,268 44,868 73,852 23,477 7,800 7,800 (731,944) 855,692 1,264,879 1,249,762 59,277,761 63,357,965 4. 1,828,868 82,753 (32,046) 844,024 1,796,822 926,777 64
7,778,295 4,237,188 25% 1,944,574 1,059,297 (225,813) (140,509) (16,610) (19,178) 23,578 5,486 32,457 1,752 (58) 13,511 15 (36) (12,359) 25,219 32,273 1,796,822 926,777 25% 2015: 25% 5. (a) 5,968,466 3,274,308 10,800,000 10,800,000 0.553 0.303 65
(b) 5,968,466 3,274,308 10,800,000 10,800,000 8,632 9,041 10,808,632 10,809,041 RMB 0.552 RMB 0.303 6. 0.11,080,000 0.252,700,000 66
7. 414,962 488,584 (18) (24) 414,944 488,560 1,238,620 991,273 1,290,619 1,163,128 2,944,183 2,642,961 165,804 103,746 165,798 141,655 3,275,785 2,888,362 557,312 197,158 88,0001.75% 106,0001.75% 3.00% 67
: 2,944,162 2,642,921 21 40 2,944,183 2,642,961 1,269 1,256 71 834 (207) (743) (141) (78) 992 1,269 68
8. 546,432 1,700,000 370,000 546,432 2,070,000 3.03% 3.55% 23,664,190 28,179,12021,959,224 9. 2,123,904 1,562,232 5,000 3,044,304 1,573,967 5,173,208 3,136,199 37,634 39,999 1,538,062 1,308,821 465 1,642 20,473 19,119 191,043 205,714 351,701 323,459 2,139,378 1,898,754 7,312,586 5,034,953 69
94,734,678 16,891,772 77,842,906 101,894,130 21,145,992 80,748,138 13,814 18,165 5,151,868 3,110,638 7,373 3,240 13,967 22,321 5,173,208 3,136,199 10. 1,915,242 1,915,242 2,397,015 2,397,015 10,164,433 91,673 10,072,760 10,348,002 106,042 10,241,960 20,360,722 11,248,718 9,112,004 23,305,685 13,697,886 9,607,799 38,776,209 3,514,487 35,261,722 47,473,490 3,579,131 43,894,359 22,148,401 1,551,453 20,596,948 16,940,621 3,220,905 13,719,716 1,369,671 485,441 884,230 1,429,317 542,028 887,289 94,734,678 16,891,772 77,842,906 101,894,130 21,145,992 80,748,138 70
3,812,973 1,862,304 1,637,578 1,218,598 1,810,011 956,820 51,168 15,165 (608,891) (356,399) 75,017 212,444 6,777,856 3,908,932 83,685 (243,779) 916,754 572,035 7,778,295 4,237,188 7.3 H 2016 2015 2016 12 31 2015 12 31 5,968,583 3,281,952 25,031,318 20,135,900 (a) 13,497 28,771 (28,083) (41,580) (b) (607) (312) 5,981,473 3,310,411 25,003,235 20,094,320 71
(a) (b) 2017 3 15 72