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EQS via SeaPRwire.com / 22/08/2025 / 16:45 UTC+8 Immersive technologies are entering the field of cultural heritage at an unprecedented pace. From exhibition spaces to cultural tourism experiences, AR, VR, and interactive installations are reshaping the industry’s value chain. The traditional model that relied on artifacts and static displays is gradually being replaced by digital experiences that are interactive, participatory, and experiential. Against this backdrop, 2025 “DIGITAL HERITAGE” Global Innovator Contest , hosted by the Nanjing Great Bao’en Temple Ruins Museum, offers a compelling case study: it brings together young creatives from around the world with immersive technologies and is emerging as a new driving force in the cultural and creative industries. This year’s competition received around 700 applications from 19 countries, with 31 finalists selected for the grand finale, representing China, the United Kingdom, Germany, Greece, India, Azerbaijan, and more. The participants leveraged immersive technologies to explore new possibilities for heritage expression, presenting diverse proposals ranging from interactive exhibitions to virtual reconstructions. The competition’s international participation is particularly noteworthy. Supported by UNESCO, the event brought together a panel of mentors and judges that included senior museum consultant from the United Kingdom, as well as lecturers from University College London, Goldsmiths, University of London, the University of Bristol, and the Royal College of Art. They not only provided academic and technical guidance but also offered young participants deep insights into cross-cultural pathways for innovation. The inception of this competition is closely tied to one of the lost wonders of the world. The Nanjing Porcelain Tower of the Great Bao'en Temple, once an imperial temple of the Ming Dynasty, was introduced to Europe in the 17th century through the engravings of Dutch traveler Johan Nieuhof, becoming the iconic image of the "Porcelain Tower of Nanking." It even inspired the design of the Pagoda at Kew Gardens in London. This landmark also frequently appears in modern pop culture symbols—from Chinese takeout boxes in the US to the Wonder building in the game Civilization V. Today, through digital reconstruction, this heritage has once again become a cultural medium connecting the world. Among the entries, the Echo Silk team won the top prize with their project “Garden of Living Bells”. Centered on AR technology, the work connects the bell of the Great Bao’en Pagoda with the history of the Maritime Silk Road: dynamic scenes of merchant ships and bustling ports appear in the air, and when viewers tap on the virtual ships, they hear the crisp sound of the bell while literary works from Nanjing are displayed before their eyes. Another finalist, “Canopy of Echoes”, uses VR technology to let audiences experience the history of the Ming City Wall bricks in a virtual space, creating a tangible, immersive experience. These explorations demonstrate that immersive technologies not only enhance viewers’ sensory engagement but are also driving the ways cultural heritage is presented toward education, tourism, and urban branding. Regarding the contest, Shahbaz Khan, Director of UNESCO’s East Asia Regional Office, commented: “It sets a new standard for international collaboration and contributes to the renewal of Nanjing’s city brand as a centre of global cultural dialogue.” Senior museum consultant Lizzy Moriarty added: “This is a prime example of the convergence of creativity, technology, history, and public engagement.” Amid the wave of digitalization, such cross-border collaboration among young innovators is gradually showing its industrial significance. It is not only an experiment in cultural heritage preservation but also has the potential to become a growth driver for the cultural and creative industries. Digital heritage is opening up new markets; from virtual exhibitions to urban branding, the commercial potential of immersive technologies is increasingly evident. Nanjing’s practice may be just a microcosm, but it reveals a broader trend: cultural heritage is becoming a “new laboratory” in the digital era, with young people serving as the engine of innovation. 22/08/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS Newswire / 21/08/2025 / 21:00 UTC+8 Press release (For immediate release)   Sinopec Announced 2025 Interim Results   Recorded Net Profit of RMB 23.75 Billion for the First Half of the Year The Board Approved a New Round of the Share Repurchase Plan   (21 August 2025, Beijing, China) China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX: 386; SSE: 600028) today announced its interim results for the six months ended 30 June 2025.   Financial Highlights   In accordance with IFRS, the Company’s total revenue for the first half of 2025 reached RMB 1.41 trillion. Profit attributable to shareholders of the Company was RMB 23.752 billion; basic earnings per share were RMB 0.196. In accordance with CASs, the Company’s net profit attributable to shareholders of the Company was RMB 21.483 billion; basic earnings per share were RMB 0.177. Net cash flow from operating activities for the first half of 2025 reached RMB 61.016 billion, up by 44.4% year-on-year   The Board of Directors has resolved to distribute an interim cash dividend of RMB 0.088 per share (tax inclusive) in accordance with the upper limited of the interim dividend payout ratio stipulated in the “Articles of Association”. In accordance with CASs, the interim dividend payout ratio amounted to 49.7%. Moreover, the Board of Directors has approved a new round of share repurchase plan with an aim of protecting the enterprise value.   The Company’s oil and gas output in the first half reached approximately 263 million barrels of oil equivalent, up by 2.0% year-on-year. Natural gas production reached approximately 736.3 billion cubic feet, up by 5.1% year-on-year; refinery throughput was 120 million tonnes; total sales volume of refined oil products was approximately 112 million tonnes; ethylene production was 7.563 million tonnes, up by 16.4% year-on-year.     Business Review   In the first half of 2025, China’s economy made steady improvement, with GDP increasing by 5.3% year on year. According to the Company’s statistics, the domestic demand for natural gas saw modest growth, with consumption rising by 2.1% year on year. Mainly affected by alternative energy, the domestic consumption of refined oil products declined by 3.6% year on year, among which, gasoline decreased by 4.6% and diesel decreased by 4.3%, while kerosene increased by 4.2%. The domestic demand for major chemical products grew rapidly, with ethylene equivalent consumption up by 10.1% year on year. During the reporting period, international crude oil prices fluctuated with a downward trend. The average spot price of Platts Brent was USD71.7 per barrel, down by 14.7% year on year.   Exploration and Production   In the first half of 2025, the Company adhered to high-quality exploration and profit-oriented development, and achieved progress in increasing reserves and boosting production. Domestic oil and gas equivalent output reached a record high for the same period. In exploration, major breakthroughs were made in offshore oil and gas and ultra-deep shale gas in the Sichuan Basin. In crude oil development, we accelerated key production capacity construction in Jiyang, Tahe, and West Junggar, and strengthened the construction of the Shengli Jiyang Shale Oil National Demonstration Zone. In natural gas development, we advanced key projects in offshore fields, the Shunbei Area II, and the Xujiahe reservoir in the Sichuan Basin. We also strengthened integration of production, supply, storage, and sales of natural gas, and profit of natural gas industrial chain hit record-high for the same period. In the first half of 2025, oil and gas production of the Company reached 262.81 million barrels, up by 2.0% year on year, among which domestic crude totalled 126.73 million barrels and natural gas amounted to 736.28 billion cubic feet, up by 5.1%.   In the first half of 2025, operating revenue of exploration and production segment was RMB144.7 billion, representing a decrease of 5.9% year on year. This change was mainly due to the decreased prices of crude oil and natural gas products. In the first half of 2025, this segment made efforts to increase reserves, boost production and cut costs, accelerated the construction of key crude oil and natural gas production capacities, and strengthened the integration of the whole natural gas industrial chain, but impacted by decrease of crude oil prices, the segment realised an operating profit of RMB23.6 billion, representing a decrease of RMB5.5 billion or 18.9% year on year.   Exploration and Production: Summary of Operations   Six-month periods ended 30 June Change (%) 2025 2024 Oil and gas production (mmboe) 262.81 257.66 2.0 Crude oil production (mmbbls) 140.04 140.53 (0.3) China 126.73 126.49 0.2 Overseas 13.31 14.04 (5.2) Natural gas production (bcf) 736.28 700.57 5.1     Refining   In the first half of 2025, facing severe challenges brought by fluctuation with a downward trend of international oil prices and declining demand for gasoline and diesel, the Company insisted on integrated production and marketing operations, comprehensively optimized utilization rates, and increased profitable processing volumes. By leveraging global resources allocation advantages, we optimized procurement pace and inventory management to reduce crude oil costs. We flexibly adjusted product mix and refined oil products yields and increased jet fuel production. We promoted low-cost “refined oil products to chemical feedstocks” and high-value “refined oil products to refining specialties” strategy, and boosted output of marketable products like high-end carbon materials and lubricating grease. In the first half of 2025, the Company processed 119.97 million tonnes of crude oil, produced 71.40 million tonnes of refined products and 22.06 million tonnes of light chemical feedstock, rising by 11.5% year on year.   In the first half of 2025, operating revenues of refining segment were RMB658.3 billion, representing a decrease of 12.2% year on year. This change was mainly due to the decline in refinery throughput and the decreased prices of refined oil products and others year on year. In the first half of 2025, the segment adhered to synergy and optimization of production and marketing, coordinated the procurement pace of crude oil, increased the profitable processing volume and optimised the yield of refined oil products by closely following the market, produced more high value-added products such as high-end carbon materials and LPG, but impacted by the inventory loss caused by continuous decrease of crude oil prices, the segment realised an operating profit of RMB3.5 billion, decreased by RMB3.6 billion or 50.4% year on year.   Refining: Summary of Operations   Six-month periods ended 30 June Change (%) 2025 2024 Refinery throughput (million tonnes) 119.97 126.69 (5.3) Gasoline, diesel and kerosene production (million tonnes) 71.40 77.30 (7.6) Gasoline (million tonnes) 30.79 32.34 (4.8) Diesel (million tonnes) 24.27 29.31 (17.2) Kerosene (million tonnes) 16.33 15.65 4.3 Light chemical feedstock production (million tonnes) 22.06 19.79 11.5 Note: Includes 100% of the production of domestic joint ventures.     Marketing and Distribution   In the first half of 2025, facing fierce market competition, the Company fully leveraged its integrated advantages and network strengths to actively transform into a comprehensive energy service provider of petrol, gas, hydrogen, power and service. We vigorously expanded marketing and sales, with the proportion of high-grade gasoline rising continuously. We accelerated the development of gas refueling and EV charging and battery swapping networks, with significant year-on-year growth in automotive LNG operating volume and charging volume, and maintained top position in domestic LNG retail market share. We also promoted the large-scale utilization of hydrogen, with our first overseas hydrogen refueling station commencing operations. The Easy Joy service ecosystem was further enriched to enhance the operating quality of non-fuel business. In the first half of the year, total sales volume of refined products reached 112.14 million tonnes, of which domestic sales accounting for 87.05 million tonnes.   In the first half of 2025, the operating revenues of marketing and distribution segment were RMB752.6 billion, decreased by 12.8% year on year. This change was mainly due to decreased consumption of refined oil products and declined prices of refined oil products resulting from decreased crude oil prices. In the first half of 2025, the segment made great effort to expand market and increase sales volume, proactively developed Easy Joy service, EV charging and battery swapping, automotive natural gas and other businesses, but impacted by the inventory loss caused by the decreased crude oil prices and fast development of alternative energy, the segment realised an operating profit of RMB8.0 billion, representing a decrease of RMB6.7 billion or 45.7% year on year. In the first half of 2025, the profit of non-fuel business of this segment was RMB3.09 billion, representing an increase of RMB0.45 billion or 17.0% year on year, among which, the profit of selling convenience store products and providing related services was RMB2.93 billion, increased by RMB0.35 billion year on year. The service fee of EV charging business was RMB0.5 billion, which grew significantly year on year.   Marketing and Distribution: Summary of Operations   Six-month periods ended 30 June Change (%) 2025 2024 Total sales volume of refined oil products (million tonnes) 112.14 119.01 (5.8) Total domestic sales volume of refined oil products (million tonnes) 87.05 90.14 (3.4) Retail (million tonnes) 54.53 56.96 (4.3) Direct sales and distribution(million tonnes) 32.52 33.18 (2.0) Note: The total sales volume of refined oil products includes the amount of refined oil marketing and trading sales volume.     As of 30 June 2025 As of 31 December 2024 Change from the end of last year (%) Total number of Sinopec-branded service stations 31,015 30,987 0.1 Number of convenience stores 28,689 28,648 0.1     Chemicals   In the first half of 2025, faced with the continued release of new domestic production capacities and weak chemical margins, the Company vigorously reduced costs and expenses and increased utilization rate with marginal profits. We continued to promote the lightening and diversification of feedstocks, optimized unit operations, and adjusted product mix. Efforts were increased in developing new and high value-added products. Ethylene production reached 7.563 million tonnes in the first half of the year, up by 16.4% year-on-year. We refined marketing strategies and customized product services, and actively expanded domestic and international markets. In the first half of the year, the total operating volume of chemical products reached 40.08 million tonnes with all products sold.   In the first half of 2025, the operating revenues of chemicals segment were RMB241.9 billion, down by 6.0% year on year. This change was mainly because the average prices of chemical products decreased by 9.6% year on year resulting from the declining international crude oil prices. In the first half of 2025, the segment closely followed the market changes, optimised the structure of products and operation of facilities, promoted the lightening and diversification of feedstocks, strengthened the integration of industrial chain and the coordination of production, sales, R&D and application efforts, implemented precision marketing, but impacted by the significant increase of capacities, decreased profits of aromatics and other products, and increased maintenance scale of facilities, the segment realised an operating loss of RMB4.2 billion, representing an increase in loss of RMB1.1 billion year on year.   Chemical Major Products: Summary of Operations   Six-month periods ended 30 June Change (%) 2025 2024 Ethylene (thousand tonnes) 7,563 6,496 16.4 Synthetic resin (thousand tonnes) 11,041 9,784 12.8 Synthetic fiber monomer and polymer (thousand tonnes) 5,437 4,598 18.2 Synthetic fiber (thousand tonnes) 601 633 (5.1) Synthetic rubber (thousand tonnes) 804 678 18.6 Note: Includes 100% of the production of domestic joint ventures.   Safety and Health   In the first half of 2025, the Company continuously improved the building and operating of HSE management system, enhancing all employees’ HSE awareness and capabilities. We carried out the 2025 Action for Improvement in Work Safety, persistently advanced risk identification and control in key areas along with potential dangers investigation and rectification, and maintained overall safe and clean production. We strengthened occupational disease prevention at the source and focused on the occupational health, physical health, and mental well-being of domestic and overseas employees.   Science and Technology Innovation   In the first half of 2025, the Company stepped up efforts to secure breakthroughs in core technologies, established national-level innovation platforms in the energy sector, and achieved fruitful results in innovation-driven development. Breakthroughs were made in the heterogeneous composite displacement technology system which significantly improved the recovery rates, and the self-developed Geodrill intelligent drilling software system was successfully developed. We applied needle coke products in large-diameter graphite electrodes and started up our self-developed POE industrial demonstration unit and the 400,000 tonnes per year acrylonitrile unit. We completed the performance and stability tests for seawater hydrogen production pilot plant. The Great Wall AI Model was officially launched, and the iterative development was completed for OPEN, a process simulation software for the petrochemical industry.   Capital Expenditures   The Company continued optimizing management of projects. In the first half of 2025, total capital expenditure was RMB43.8 billion. Capital expenditure for the exploration and production segment was RMB27.6 billion, mainly for crude oil capacity building in Jiyang and Tahe, natural gas capacity building in Dingshan-Dongxi, and the construction of oil and gas storage and transportation facilities. Capital expenditure for the refining segment was RMB5.5 billion, mainly for the Maoming Refining upgrading and Guangzhou Petrochemical revamping projects. Capital expenditure for the marketing and distribution segment was RMB2.8 billion, mainly for the development of the petrol, gas, hydrogen, power and service integrated energy network, the revamping of the existing marketing network, non-fuel business and other projects. Capital expenditure for the chemical segment was RMB7.3 billion, mainly for ethylene projects in Maoming and Henan and the aromatics project in Jiujiang, etc. Capital expenditure for corporate and others was RMB0.5 billion, mainly for R&D and digitalization projects, etc.     Business Outlook   For the second half of 2025, China’s economy continues to maintain a momentum of recovery and improvement. The domestic demand for natural gas and chemical products is expected to increase, and that for refined products will be impacted by alternative energy. Taking into account the changes in global supply and demand, geopolitics and inventory levels, more uncertainties exist in changes of international crude oil prices. The Company will prioritize profit generation, technological innovation, transition and upgrading, reform and management to comprehensively promote high-quality development. We will stress on the following aspects:   In E&P, the Company will focus on increasing reserve, boosting production and improving profitability, and forge ahead with high quality exploration and profitable development. We will enhance the overall research and joint exploration within the same basin, and strive to increase high-quality and scaled reserves. We will accelerate the oil and gas capacity building in Tahe, Jiyang and offshore fields, and proceed with the fine development in mature oil and gas fields. We will refine the production, supply, storage and marketing of natural gas, diversify and expand the resources, reduce resources costs, and enhance the profitability of the whole industrial chain. Our plan for the second half is to produce 141 million barrels of crude oil and 714.5 billion cubic feet of natural gas.   In refining, the Company will coordinate production and sales, and improve the operation efficiency for the industrial chain. We will coordinate the diversification of crude oil resources, dynamically optimize the procurement scale and pace, and reduce procurement costs. We will promote the optimisation of regional resources, adjust product mix and utilization rates with profit orientation, and ramp up jet fuel production. We will continue with the transition of low-cost “refined oil products to chemical feedstocks” and high-value “refined oil products to refining specialties” strategy, strengthen operational scale and profitability of refining intermediate products, by-products, and refining specialties, and build up an industrial chain for high-end carbon material. In the second half, we plan to process 130 million tonnes of crude oil.   In marketing and distribution, the Company will fully leverage the advantages of integration, keep optimizing resources by coordinating volume and price, continuously improve the network layout, and vigorously expand the market and increase sales. We will speed up the gas refueling and EV charging and battery swapping network layout, expand electricity business ecosystems, promote hydrogen mobility business, strengthen development of self-owned brands, build China’s largest integrated driver service platform, and accelerate the transition to a comprehensive energy service provider of petrol, gas, hydrogen, power and service. In the second half, we plan to sell 89.80 million tonnes of refined oil products.   In chemicals, the Company will adhere to the ‘basic + high-end’ strategy, and raise our competitiveness in the chemical industrial chain. We will coordinate optimization of the feedstock and cut its costs through multiple means. Market oriented, we will improve the production scheduling, maintain high utilization rate of profitable units, and proceed with differentiated development. We will enhance the development of new materials and high value-added products, so as to tap the potential for profit creation. We will innovate our marketing strategies, and promote the strategic customer servicesand tailor-made product development. In the second half, we plan to produce 7.85 million tonnes of ethylene.   FINANCIAL DATA AND INDICATORS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING STANDARDS   Principal accounting data Items Six-month period ended 30 June Change over the same period of the preceding year (%) 2025 (RMB million) 2024 (RMB million) Operating profit 33,423 51,021 (34.5) Profit attributable to shareholders of the Company 23,752 37,079 (35.9) Net cash generated from operating activities 61,016 42,269 44.4   As of 30 June 2025 (RMB million) As of 31 December 2024 (RMB million) Change from the end of last year (%) Total equity attributable to shareholders of the Company 824,565 815,815 1.1 Total assets 2,142,807 2,081,440 2.9   Principal financial indicators Items Six-month period ended 30 June Change over the same period of the preceding year (%) 2025 (RMB) 2024 (RMB) Basic earnings per share 0.196 0.307 (36.2) Diluted earnings per share 0.196 0.307 (36.2) Return on capital employed (%) 2.82 4.30 (1.48) percentage points     The following table sets forth the operating revenues, operating expenses and operating profit by each segment before elimination of the inter-segment transactions for the periods indicated, and the percentage change between the first half of 2025 and the first half of 2024.     Six-month period ended 30 June Change (%) 2025 2024 (RMB million) Exploration and Production Segment        Operating revenues 144,656 153,762 (5.9)  Operating expenses 121,018 124,614 (2.9)  Operating profit 23,638 29,148 (18.9) Refining Segment        Operating revenues 658,324 749,665 (12.2)  Operating expenses 654,789 742,540 (11.8)  Operating profit 3,535 7,125 (50.4) Marketing and Distribution Segment        Operating revenues 752,587 863,497 (12.8)  Operating expenses 744,628 848,849 (12.3)  Operating profit 7,959 14,648 (45.7) Chemicals Segment        Operating revenues 241,938 257,251 (6.0)  Operating expenses 246,162 260,415 (5.5)  Operating loss (4,224) (3,164) — Corporate and Others        Operating revenues 662,975 796,568 (16.8)  Operating expenses 661,330 792,264 (16.5)  Operating profit 1,645 4,304 (61.8) Elimination 870 (1,040) —           About Sinopec Corp. Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the production, sale, storage and transportation of refinery products, petrochemical products, coal chemical products, synthetic fiber, and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information; hydrogen energy business and related services such as hydrogen production, storage, transportation and sales; battery charging and swapping, solar energy, wind energy and other new energy business and related services.   Disclaimer This press release includes "forward-looking statements". All statements, other than statements of historical facts that address activities, events or developments that Sinopec Corp. expects or anticipates will or may occur in the future (including but not limited to projections, targets, reserve volume, other estimates and business plans) are forward-looking statements. Sinopec Corp.'s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to the price fluctuation, possible changes in actual demand, foreign exchange rate, results of oil exploration, estimates of oil and gas reserves, market shares, competition, environmental risks, possible changes to laws, finance and regulations, conditions of the global economy and financial markets, political risks, possible delay of projects, government approval of projects, cost estimates and other factors beyond Sinopec Corp.'s control. In addition, Sinopec Corp. makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.     Investor Inquiries：     Media Inquiries： Beijing         Hong Kong Tel：(86 10) 5996 0028    Tel：(852) 2522 1838 Fax：(86 10) 5996 0386    Fax：(852) 2521 9955 Email：ir@sinopec.com    Email：sinopec@prchina.com.hk File: [Press Release] Sinopec FY2025 Interim Results 21/08/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com