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China Petrochemical Corporation (SinopecGroup) is China’s largest state-owned oilrefiner.Its major domestic business is runby its listed company Sinopec Corp, inwhich Sinopec Group holds 75.84% ofshares.In 2009, faced with serious challengescaused by the international financialcrisis, Sinopec Group achieved a sales revenueof RMB 1.392 trillion, a pre-tax profitof RMB273.9 billion and a net profit ofRMB81.7 billion, 80% of which came fromits listed arm Sinopec Corp.In 2009, Sinopec Group identified 285
China Petrochemical Corporation (SinopecGroup) is China’s largest state-owned oilrefiner .Its major domestic business is runby its listed company Sinopec Corp, inwhich Sinopec Group holds 75.84% ofshares.In 2009, faced with serious challengescaused by the international financialcrisis, Sinopec Group achieved a sales revenueof RMB 1.392 trillion, a pre-tax profitof RMB273.9 billion and a net profit ofRMB81.7 billion, 80% of which came fromits listed arm Sinopec Corp.In 2009, Sinopec Group identified 285