SINOPEC KANTONS HOLDINGS LIMITED * 934 (1) (2) 6 29 30 31 32 63 N-1 N-3 183 2248 *
....................................................... 1 I.................................................... 6 II................................................. 7 III.......................................... 16 IV............................... 26 V............................................. 27 VI............................................. 28 VII................................................. 28 VIII................................................. 29.......................................... 30............................................ 32...................... I-1............................. II-1........................ III-1.................................... IV-1............................ V-1................................... VI-1........................................... VII-1............................................ N-1 i
1
1 6 2
0.10 3
386 600028 SNP SNP 4
944.93 50% 50% % 1 1.25 * 5
SINOPEC KANTONS HOLDINGS LIMITED * 934 Clarendon House 2 Church Street Hamilton HM11 Bermuda 18 34 (1) (2) I. * 6
II. A. (a) (b) (i) (ii) (c) (d) 2,576,881,100 30 (e) 7
(i) (f) (ii) 1,291,260,0001,539,370,000 330.09 352.52 331.99 247.56 264.39 248.99 1,466,810,000 8
(f) 2,576,880,000 1,539,370,000 14.6114.62 (1) (2) (3) (4) (5) (6) 9
(7) (8) 14.62 (1) V-16 (a) (b) (c)+ + x x 2 (2) V-162. (2) 10
= G+ S+ B G SB (3) V-22 4. (i) 12.94% (ii) 6.00%(iii) 25% 11.42% (4) (1) (2) (3) 10.82% 11.42% 11
11.42% 2,576,881,100 11.27% 2,639,262,900 11.12% 2,703,177,100 10.97% 2,768,294,300 10.82% 2,834,644,200 (g) (i) (ii) (iii) (i) 12 (h) B. 100% 12
1. 25% 530 1,500 30% 31.6% 1,760 2,300 (IEA) 3,500 3,920 2. (6) 944.93 30 13
3. 174 4. 14
C. 11,002,200,000 857,300,000 17,293,000,000 8,465,700,000 (a) 857,300,000 17,293,000,000 (b) 10,144,900,000 8,465,700,000 (c) 10,144,900,000 8,827,300,000 (d) 491,400,000 352,520,000 331,990,000 15
D. III. 14A 16
A. 5% 14A (a) [2010] 2780 82,000,000138,000,000 222,000,000 1,047,800,000 17
1,343,000,000 1,478,000,0001,550,000,000 (i) (ii) (iii) (iv) (i) (ii) 10% (b) 18
(i) (ii) (iii) (iv) (v) (a) 19
(b) (c) (d) (e) 1,720,000 1,710,0003,050,000 247,560,000 (a) 500,000,000600,000,000 800,000,000 (1) 20
(2) (3) (4) (5) (6) (b) 14A.90 (c) 21
14A.76(1) B. 5% 0.1% 14A.76(2) (a) 85,700,00069,400,000 22
95,000,000 97,000,00097,000,000 (b) 1. 2. 3. 4. (i) (ii) (iii) 23
115,490,000 162,250,000304,670,000 215,150,000 340,000,000380,000,000420,000,000 C. 24
D. (a) 10(i) (ii)(iii) (iv) (a)(b) 25
14A IV. (a) (b) (1)(2) (3) (c) 944.93 30 50 380,000,000 26
(d) (e) 49% 51% V. 25% 14.06(5) 1,500,000,000 60.33% 14A 14A 14A III. B. 14.075%14A.76 14A 27
14A.7114A.72 14.07 5%25% 14A VI. 18322 48 VII. (a) (b) (c) 28
(d) China development of Grant Thornton International Ltd VIII. 30 31 32 63 29
SINOPEC KANTONS HOLDINGS LIMITED * 934 (1) (2) (i)(ii) (i)(ii) (i)(ii) (i)(ii) (i) (ii) * 30
(i) (ii) (i)(ii) (i)(ii) 31
29 20 (1) (2) 25%100% 14.06(3) 1,500,000,00060.3% 14A 14A 5% 14A 32
14A.71 14A.72 China development of Grant Thornton International Limited 33
1. (i) (ii) (iii) 78.22284,000,000 32.09% Vesta Terminal B.V. 33,230,000 64.83% 34
2. (a) 1 3,510,630 13,049,149 23,355,579 22,041,792 153,311 71,146 154,782 239,391 56,383 63,586 108,780 92,007 260,363 165,902 456,966 59,759 377,284 230,864 491,397 291,738 15.18 10.52 21.00 15.49 23,355.6491.46.0% 68.4%3.35 3.6520,936.0 22,435.9 59.8 457.0 35
3,510.6377.373.1% 63.4% 511,300 74.9% (b) 2 1,893,216 1,958,211 14,581 14,910 715,369 724,018 682,356 617,864 5,906,671 5,475,680 9,212,193 8,790,683 19,634 47,108 465,491 730,367 1,304,883 1,622,454 1,790,008 2,399,929 11,002,201 11,190,612 36
95,228 97,582 740,632 1,223,410 21,483 13,399 762,115 1,236,809 857,343 1,334,391 248,616 248,616 9,857,624 9,597,975 10,106,240 9,846,591 38,618 9,630 10,144,858 9,856,221 1,622.5 1,304.9 1,223.4740.6 367.6 55% 37
3. (6) 25% 530 1,500 30% 31.6% 1,760 2,300 (IEA) 3,500 3,920 944.93 30 38
1 4. (a) (i) 39
(ii) (iii) (i) 12 (b) 2,576,881,100 30 (i) 40
(ii) 2,576.88 1,539.37 5. (a) 944.93 30 50 380 41
(b) (i) 3 1,047,813 1,254,658 979,604 869,943 (584,222) (746,305) (498,482) (434,746) 463,591 508,353 481,122 435,197 56,667 6,479 (29,541) (23,859) (27,964) (13,166) 490,717 490,973 453,158 422,031 46 16 32 33 (158,772) (138,470) (123,103) (94,821) (158,726) (138,454) (123,071) (94,788) 331,991 352,519 330,087 327,243 (82,998) (88,130) (82,522) (81,811) 248,993 264,389 247,565 245,432 A. 12.6% 28.1% 42
5.5% 0.46 19.3 18.7 B. 10.6% 5.7% 50.0% 49.1% 40.5% 44.2% C. 6.5 56.7 D. 3,300 2.9% 3.7%4.2% 5.4% 43
E. 245.4 247.6 264.4 249.0 19.1% (ii) 44
4 27,181 27,710 4,560,907 4,775,115 4,963,232 4,658,967 4,588,088 4,802,825 4,963,232 4,658,967 5,787 7,160 7,206 689 239,670 108,207 5,283 28,287 215,662 3,115 2,257 517 461,119 118,482 14,746 29,493 5,049,207 4,921,307 4,977,978 4,688,460 3,300,000 3,300,000 3,300,000 3,300,000 209,841 330,042 111,824 79,001 3,509,841 3,630,042 3,411,824 3,379,001 1,000,000 466,811 1,267,488 1,229,172 982,070 72,555 23,777 336,982 327,389 1,539,366 1,291,265 1,566,154 1,309,459 45
A. 944.93 B. 27.3 0.7 100.7 215.0 C. 0.5 2.3 3.1 215.7 D. 5.4% 4.2% 3.7% 2.9% E. 1,000 466.8 72.6 46
6. 2,576.9 (i) 10 5 2,576.9 1,539.4 (i) 47
(a)(b) (a) / (b) 48
(ii) 6 60% 1 2 2,200 3 150 1600. 0135. 100% 432 8.0 60% 21,973.3 12.7 2.7 000669. 100% 2,366.7 13.7 2.0 49
13.7 8.0 12.7 2.0 13.2 4.2 100% 2,576.9 9.7 1.7 www.cninfo.com.cn 9.71.7 7 Cloud Decade LimitedCloud Decade 89.2% 6828. 100% 515.4 7.9 5.1 100% 0600. 49% 315 1.1 002524. 33.3% 54.7 27.8 1.1 AEI China Gas Ltd 1193. 100% 237.7 18.0 0.9 50
8070. /3633. 100% 97 49.2 1193. 100% 1,710 25.6 2.2 1193. 100% 2,000 27.7 1.4 27.8 49.2 7.9 0.9 21.4 8.7 Cloud Decade 27.8 2.2 18.0 0.9 24.8 1.3 100% 2,576.9 9.7 1.7 www.cninfo.com.cn Cloud Decade 7 51
7.927.8 21.4 0.949.2 8.7 Cloud Decade Cloud Decade 18.027.8 24.80.92.2 1.3 Cloud Decade 7. (a) 869.9 979.6 1,254.7 1,047.8 245.4 247.6 264.4 249.0 (b) 52
8 10,144.9 8,827.3 (1) (1) 2,576,881,100 10,144.9 8,827.3 5 2,576.9 3,221.1 1,000 1,250 1,971.1 3,221.1 3,221.1 53
(c) / 2 1,304.9 10,106.2 1,304.9 1,539.4 215.7 3,300 9 11,002.2 17,293.0 4,125.0 (1) % 0.0 23.9 (2) 7,346.1 (3) % 0.0 42.5 (4) 54
(1) 3,300 (2) (3) (i) 3,300(ii) 2,576,881,100 (4) (i) 23.9% (ii)42.5% 8. 14A 5% 14A 14A.71 14A.72 (a) 55
[2010]2780 56
10 82.0 (1) 138.0 (1) 222.0 (1) 1,047.8 (1) 87.6 (2) 1,221.0 (2) 1,339.3 (2) 1,410.3 (2) 1,343 1,478 1,550 (1) 869.9 979.6 1,254.7 (2) (i) (ii) (iii) (iv) (i) (ii) 10% 57
(b) 14A (1) (2) 58
(3) (4) (5) (6) (a) (b) (c) 59
(d) (e) 11 1.72 (1) 1.71 (1) 3.05 (1) 247.56 (1) 500 600 800 (1) (i) 968.5 (ii) 60
251.6 (iii) 138.5 577.6 (iv) (v) 20% (i) 718.8 763.3 (ii) (iii) 20% 78.22 284 32.09% 174 30944.93 61
2,300 1,500 3,500 3,920 2,576.9 10% 2 1,304.9 62
6 63
4.29 (i) (ii) I-1
I-2 1 2 3 4 1,893,216 5,701,134 7,594,350 14,581 14,581 715,369 33,976 749,345 682,356 682,356 5,906,671 5,906,671 9,212,193 5,735,110 14,947,303 19,634 7,234 26,868 465,491 299,588 765,079 1,304,883 269,578 (20,710) 1,553,751 1,790,008 576,400 2,345,698 11,002,201 6,311,510 17,293,001 4,125,000 4,125,000 95,228 95,228 95,228 4,125,000 4,220,228 740,632 262,302 3,221,101 4,224,035 21,483 21,483 762,115 262,302 4,245,518 857,343 4,387,302 8,465,746 10,144,858 1,924,208 8,827,255
1. 2. 1 1.25 3. 12 2,576,881,1003,221,101,000 30 (i) (ii) 500,000,000 3,900,000,000 2,576,881,100 3,221,101,000 4. 20,710,000 5. 5 6. 36, 7. I-3
, I-1 I-3 I-1 I-3 4.29 7 7 I-4
4.29(7) 3420 4.29 7 I-5
(a) (b) (c) 4.29(1) I-6
II2.1 II-1
3.340 II2.1 2410 II-2
(I) 5 869,943 979,604 1,254,658 1,109,026 1,047,813 (434,746) (498,482) (746,305) (684,089) (584,222) 435,197 481,122 508,353 424,937 463,591 6 6,479 56,667 7 (13,166) (27,964) (23,859) (18,892) (29,541) 422,031 453,158 490,973 406,045 490,717 9 33 32 16 16 46 9 (94,821) (123,103) (138,470) (127,293) (158,772) (94,788) (123,071) (138,454) (127,277) (158,726) 327,243 330,087 352,519 278,768 331,991 10 (81,811) (82,522) (88,130) (69,692) (82,998) 245,432 247,565 264,389 209,076 248,993 II-3
11 27,710 27,181 12 4,658,967 4,963,232 4,775,115 4,560,907 4,658,967 4,963,232 4,802,825 4,588,088 14 689 7,206 7,160 5,787 13 28,287 5,283 108,207 239,670 15 517 2,257 3,115 215,662 29,493 14,746 118,482 461,119 4,688,460 4,977,978 4,921,307 5,049,207 16 1,000,000 17 982,070 1,229,172 1,267,488 466,811 17 327,389 336,982 23,777 72,555 1,309,459 1,566,154 1,291,265 1,539,366 19 3,300,000 3,300,000 3,300,000 3,300,000 3,300,000 3,300,000 3,300,000 3,300,000 18 79,001 111,824 330,042 209,841 79,001 111,824 330,042 209,841 3,379,001 3,411,824 3,630,042 3,509,841 4,688,460 4,977,978 4,921,307 5,049,207 4,609,459 4,866,154 4,591,265 4,839,366 (49,508) (97,078) (211,560) 251,278 II-4
606,919 81,957 688,876 245,432 245,432 375,151 375,151 982,070 327,389 1,309,459 247,565 247,565 247,102 247,102 (237,972) (237,972) 1,229,172 336,982 1,566,154 264,389 264,389 38,316 38,316 (577,594) (577,594) 1,267,488 23,777 1,291,265 248,993 248,993 1,000,000 (800,677) (199,323) (892) (892) 1,000,000 466,811 72,555 1,539,366 II-5
1,229,172 336,982 1,566,154 209,076 209,076 31,404 31,404 (429,443) (429,443) 1,260,576 116,615 1,377,191 II-6
327,243 330,087 352,519 278,768 331,991 303,085 331,417 350,254 320,264 329,385 529 94,821 123,103 138,470 127,293 158,772 (33) (32) (16) (16) (46) 3 20 20 20,273 (689) (6,517) 46 (48) 1,373 (162) (3,694) (2,890) (74,039) (17,198) (44,014) 32,823 218,218 49,527 (120,201) 680,251 807,190 1,056,621 701,769 704,878 (81,811) (82,522) (88,130) (69,692) (82,998) 598,440 724,668 968,491 632,077 621,880 (55,663) (484,988) (223,875) (73,691) (469,987) (27,710) 33 32 16 16 46 220,272 (55,630) (484,956) (251,569) (73,675) (249,669) II-7
(138,470) (127,293) (158,772) (542,393) (237,972) (577,594) (429,443) (892) (542,393) (237,972) (716,064) (556,736) (159,664) 417 1,740 858 1,666 212,547 100 517 2,257 2,257 3,115 15 517 2,257 3,115 3,923 215,662 II-8
(II) 1 15002 10 2.1 [2014]393 2.2 4 II-9
2.3 (a) (b) 2.4 15 11 20 4 20 8 2.5 2.6 II-10
12 2.7 2.8 2.9 2.10 II-11
2.11 2.12 2.13 (a) (b) (c) (d) [2013]106 1 11% II-12
[2013]1064 3% 2.14 2.15 2.16 2.17 2.18 2.19 (a) (i) II-13
(ii) (iii) (b) (i) (ii) (iii) (iv) (v) 3.1 (vi) (a) (vii) (a)(i) (a) (b) 0 30 II-14
(%) (%) (%) (%) 21 30 63 87 (c) 208,990 208,990 208,990 3,524,213 3,524,213 3,300,000 208,990 3,524,213 3,733,203 3,508,990 309,980 309,980 309,980 3,438,678 3,438,678 3,300,000 309,980 3,438,678 3,748,658 3,609,980 90,395 90,395 90,395 3,423,185 3,423,185 3,300,000 90,395 3,423,185 3,513,580 3,390,395 51,907 51,907 51,907 3,394,821 3,394,821 3,300,000 51,907 3,394,821 3,446,728 3,351,907 II-15
3.2 220% 36% 13% 37% 70% 74% 69% 72% 79,001 111,824 330,042 209,841 3,300,000 3,300,000 3,300,000 3,300,000 (517) (2,257) (3,115) (215,662) 3,378,484 3,409,567 3,626,927 3,294,179 1,309,459 1,566,154 1,291,265 1,539,366 258% 218% 281% 214% 4 (a) 36 II-16
(b) 5 869,943 979,604 1,254,658 1,109,026 1,047,813 10% A 129,313 109,897 B 102,010 126,386 189,184 167,624 C 108,626 D 137,868 222,343 195,995 1,047,813 10% II-17
6 6,479 56,615 52 6,479 56,667 7 12 303,085 331,417 350,254 320,264 329,385 529 15,907 18,272 28,126 25,782 26,432 2,297 3,788 5,830 5,345 5,479 3 20 20 20,273 8 13,893 15,959 24,566 22,518 23,086 2,014 2,313 3,560 3,264 3,346 15,907 18,272 28,126 25,782 26,432 II-18
(a) 158 27 108 293 178 27 141 346 209 46 144 399 II-19
168 42 19 229 125 21 18 164 173 49 19 241 (b) 807 905 999 799 800 136 136 241 221 210 566 754 621 82 79 1,509 1,795 1,861 1,102 1,089 II-20
1 1,000,000 5 5 5 5 5 9 33 32 16 16 46 5 94,821 123,185 138,678 127,501 164,423 (82) (208) (208) (5,651) 94,821 123,103 138,470 127,293 158,772 10 81,811 82,522 88,130 69,692 82,998 (25%) II-21
327,243 330,087 352,519 278,768 331,991 81,811 82,522 88,130 69,692 82,998 77 112 179 162 55 (77) (112) (179) (162) (55) 81,811 82,522 88,130 69,692 82,998 11 10 50 27,710 27,181 II-22
12 4,968,982 488 15,277 4,984,747 18,493 9,821 28,314 4,968,982 18,981 25,098 5,013,061 618,881 2,407 1,828 12,569 635,685 (3) (3) 618,881 4,968,982 21,388 26,923 12,569 5,648,743 142,264 11,981 5,942 1,970 162,157 (20) (20) 618,881 5,111,246 33,349 32,865 14,539 5,810,880 14,954 1,703 339,065 355,722 146,961 (146,961) (114,067) (156,798) (270,865) 504,814 5,116,363 35,052 32,865 206,643 5,895,737 49,709 153 1,147 51,009 300,276 614 2,195 303,085 349,985 767 3,342 354,094 25,013 300,545 2,465 3,394 331,417 25,013 650,530 3,232 6,736 685,511 42,880 300,546 3,053 3,775 350,254 67,893 951,076 6,285 10,511 1,035,765 38,860 282,643 3,851 4,031 329,385 (6,248) (24,072) (30,320) 100,505 1,209,647 10,136 14,542 1,334,830 4,618,997 18,214 21,756 4,658,967 593,868 4,318,452 18,156 20,187 12,569 4,963,232 550,988 4,160,170 27,064 22,354 14,539 4,775,115 404,309 3,906,716 24,916 18,323 206,643 4,560,907 II-23
13 65 5,831 2,671 357 2,736 6,188 27,349 2,547 100,685 214,950 938 1,334 24,720 28,287 5,283 108,207 239,670 0 30 1 2,736 6,188 2,736 6,188 II-24
14 689 7,206 7,160 5,787 6,410,000 6,820,0004,431,0003,857,000 6,252,000 15 9 54 25 5 1,638 1,831 213,492 503 565 1,259 2,170 517 2,257 3,115 215,662 16 1,000,000 17 72,555,000 II-25
18 25,791 32,351 162,749 68,259 27,094 21,429 20,062 851 26,116 58,044 147,231 140,731 79,001 111,824 330,042 209,841 19 3,300,000 3,300,000 3,300,000 3,300,000 5.4% 4.2% 3.7% 2.9% 20 (a) 1,125,555 557,244 1,071,223 542,782 II-26
(b) 1 1,522 2,815 2,653 834 1 5 863 551 71 1,150 2,385 3,366 2,724 1,984 21 (a) 94,821 123,185 138,678 127,501 164,423 15 19 5 5 22 81,691 137,868 222,343 195,995 1,047,813 85,711 78,568 69,358 14,156 648,400 179,659 65,636 204,326 13 18 II-27
(b) 928 1,210 1,540 1,224 1,364 162 190 357 328 334 674 1,039 956 127 138 1,764 2,439 2,853 1,679 1,836 (c) (i) 21(a) 149,892 178,678 275,241 251,348 480 18,470 23,878 20,518 46,835 (ii) 18 13 11 11 24 II-28
503 565 1,259 2,170 (III) 28 12 P04834 II-29
1,047.8 1,254.7 979.6 869.9 463.6 508.4 481.1 435.2 490.7 491.0 453.2 422.0 249.0 264.4 247.6 245.4 1 621.9 968.5 724.7 598.4 44.2% 40.5% 49.1% 50.0% 46.8% 39.1% 46.3% 48.5% 23.8% 21.1% 25.3% 28.2% 23.8% 21.1% 25.3% 28.2% 16.2% 20.5% 15.8% 18.7% 2 4.9% 5.4% 5.0% 5.2% 3 219.7% 35.9% 13.2% 37.3% 4 3.6 3.5 5.3 0.6 5 0 1.8 1.0 0 6 228.0% 281.1% 217.8% 258.0% 7 69.5% 73.8% 68.5% 72.1% III-1
1. 2. 3. 4. 365 5. 365 6. 7. 869,900,000 979,600,0001,254,700,000 1,047,800,000 12.6% 28.1% 435,200,00010.5% 481,100,000 5.7% 508,400,000 III-2
50.0%49.1% 40.5% 6,500,000 56,700,000 20,300,000 500,000 2,300,000 3,100,000 215,700,000 III-3
28,300,000 635,700,000 189,900,000 355,700,000 28,300,000 635,700,000 618,900,000 189,900,000 355,700,000 (a)(b) 3,300,000,000 3,300,000,0003,300,000,0003,300,000,000 5.4% III-4
982,100,000 1,229,200,000 1,267,500,000 466,800,000 1,000,000,000 6,200,000 2,700,000 129.6% 27,300,000 700,000 100,700,000 215,000,000 III-5
700,000 7,200,000 7,200,000 5,800,000 700,000 7,200,0007,200,000 5,800,000 79,000,000 41.5% 111,800,000 195.2%330,000,000 209,800,000 III-6
185 249 258 274 III-7
(http://www.hkexnews.hk)(http://www.sinopec.com.hk) 1046 36116 30102 2677 3,510,630,000 13,049,149,000 73.103,357,319,000 12,978,003,00074.13 153,311,000 71,146,000 115.49108,950,000 48,425,000 124.99 IV-1
15,209,000 9,313,000 63.31% 23,355,579,000 22,041,792,000 5.96% 154,782,000 239,391,000 35.34% 20,414,000 7,924,000157.62% 22,041,792,000 19,684,732,00011.97 291,738,000 213,512,000 36.64% 1,901,390,0003,087,220,000 2,399,930,000 1,790,000,000 IV-2
771,750,0002,404,980,000 1,622,450,000 1,304,880,000 1.37 2.28 1.94 2.35 32.96% 17.26% 11.92% 7.79% 267,230,000 30 90 IV-3
200232241243 IV-4
500,000,000 3,900,000,000 3,300,000,000 12 IV-5
1. 2. 3. 4. 5. V-1
(2014) BJV2075 2014 11 30 2014 11 30 V-2
2014 11 30 153,936.62 257,688.11 103,751.49 67.40% V-3
(2014) BJV2075 67 1101021794812 V-4
1 15002 2 2014 10 27 2008 11 2010 10 944.93 km107.04 km459.51 km215.516 km 162.9 km30 108 m 3 /a 10.0 Mpa 711 X65 8.0 Mpa 610 X60 1312 11 3 5 2 1 V-5
1 3 2014 2014 2013 2012 2011 11 30 9 30 12 31 12 31 12 31 504,920.70 499,031.86 493,334.36 497,797.79 468,846.05 350,984.08 352,350.68 364,207.87 341,182.43 337,900.16 153,936.62 146,681.18 129,126.49 156,615.36 130,945.89 2014 1-11 2013 2012 2011 104,781.32 125,465.76 97,960.42 86,994.29 57,483.34 71,679.63 46,567.17 40,537.61 938.88 2,950.88 3,277.92 2,933.65 919.01 2,382.13 2,796.01 1,316.56 15,876.31 13,847.19 12,310.31 9,482.13 29,563.78 34,605.94 33,009.01 32,724.35 5,666.66 647.93 0.00 0.00 2,031.37 2.05 0.35 0.00 33,199.07 35,251.82 33,008.66 32,724.35 8,299.77 8,812.96 8,252.16 8,181.09 24,899.30 26,438.87 24,756.49 24,543.26 V-6
4 2014 11 30 100%[2014]643 V-7
5,049,206,960.49461,119,359.88 4,354,263,487.87 206,643,272.05 27,180,840.69 3,509,840,752.47 209,840,752.47 3,300,000,000.001,539,366,208.02 2014 11 30 1 461,119,359.88 2 215,662,227.92 3 214,950,312.11 4 3,636,978.01 5 5,787,068.13 6 21,082,773.71 7 4,588,087,600.61 8 4,354,263,487.87 9 206,643,272.05 10 27,180,840.69 11 5,049,206,960.49 12 209,840,752.47 13 33,606,948.07 14 850,500.00 15 175,383,304.40 16 3,300,000,000.00 17 3,300,000,000.00 18 3,509,840,752.47 19 1,539,366,208.02 2008 11 2010 10 V-8
944.93 km 107.04 km 459.51 km215.516 km162.9 km 30 108 m 3 /a10.0 Mpa 711 X65 8.0 Mpa 610 X60 1312 11 3 5 2 1 1 1. 5,787,068.13 2. 5,621,176,896.924,310,777,584.65 2380 2 8,531.60 * (km) (m) (mm*mm) 944.93km 1.5 711 12.5/14.4/16/20 610 10/12.5/16 X65/X60 3PE 2010/09/30 12 40 3. 67,916,585.47 43,485,903.22 V-9
1,124 105 1,355 4. 206,643,272.05 27,180,840.69 8,474.00(2011) 0100061 2011 11 4 50 201401199 2,764.22 V-10
2014 11 30 100% [2014]643 2008 10 28 2013 12 28 91 1991 [1992]36 12 14 3 [2006]274 [2013]64 V-11
[2004]20 [2004]20 [2003]18 [2012]248 [2011]230 [2011]227 [2007]189 [2011]230 [2007]189 [2007]189 [2007]189 [2012]244 [2007]189 [2010]214 [2011]230 V-12
2014 [2007]620 [2006] 444 2014 2012 12 [2007]670 [2002]10 V-13
V-14
1 2 3 4 5 V-15
= 1 + + 2 60% 40% + 100% = 1 =++ + 2 = 100% V-16
= 1 V-17
FOB FOB FOB FOB = FOB + + + + + + + + + + + = 1+17% + + = 1+17%10% V-18
2 = 40% + 60% = 100% = 100% 201212 = 100% V-19
= 100% 1 = 2 V-20
2 + + 1. n P Ri(1+r ) i i =1 P R i i V-21
r i n 2. 3. 4. WACCWACC WACC=ke [E (D+E)]+kd (1-t) [D (D+E)] ke = E = D = kd = t = V-22
CAPM CAPMCAPM E[Re] = Rf1 + (E[Rm]-Rf2) + Alpha E[Re] = Rf1 = = E[Rm] = Rf2 = Alpha = (E[Rm] Rf2)ERP 10 V-23
1 2 3 4 10 25 5 10 25 V-24
6 7 V-25
8 9 V-26
1 2 V-27
2014 11 30 504,920.70 513,976.81 9,056.111.79% 350,984.08350,984.08 0.00 0.00%153,936.62162,992.73 9,056.11 5.88% V-28
2014 11 30 46,111.94 46,110.74-1.20-0.003 458,808.76 467,866.07 9,057.31 1.97 435,426.35 444,385.73 8,959.38 2.06 20,664.33 20,716.12 51.79 0.25 2,718.08 2,764.22 46.14 1.70 504,920.70 513,976.81 9,056.11 1.79 20,984.08 20,984.08 0.00 330,000.00 330,000.00 0.00 350,984.08 350,984.08 0.00 153,936.62 162,992.73 9,056.11 5.88 153,936.62 257,688.11 103,751.49 67.40% V-29
162,992.73257,688.11 58.10% 257,688.11 (2014) 110ZC2343 V-30
201401199 2,764.22 1. 2. 3. 4. 5. 2015 11 29 6. V-31
V-32
14.62 VI-1
14.62(3) 18 34 VI-2
14.61 V-27 14.62(2) VI-3
3000 28 12 P04834 VI-4
1. 2. 571 XV XV78 10 352 (1) VII-1
3. 336 (5%) 1% (%) 1 1,500,000,000 60.33 1 4. 5. 1 4 6 1 6 VII-2
6. 7. (a) (b) (c) (d) (e) (f) (g) VII-3
(h) (i) (j) (k) (l) (m) (n) (1) (2) (3) (o) VII-4
(p) J.P. Morgan Securities plc 6.50 412,500,000 8. (a) (b) Clarendon House, 2 Church Street, Hamilton HM11, Bermuda18 34 (c) 183 22 (d) VII-5
9. 18 34 (a) (b) (c) (d) (e) 32 63 (f) 30 31 (g) (h) (i) (j) (k) (l) VII-6
SINOPEC KANTONS HOLDINGS LIMITED * 934 1. (a) (i) (i) (ii) 2,576,881,100 A B (ii) (iii) * N-1
(b) (i) (ii) (iii) (c) (i) (ii) (iii) 18 34 N-2
1. 1 1.25 2. 3. 4. (48) 183 22 5. 183 22 N-3