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Sinopec Publishes 2024 Operating Results, Hits 75 Percent Profit Distribution Rate

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BEIJING, April 1, 2025 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) officially disclosed the Company’s operating revenue in accordance with International Financial Reporting Standards (IFRS) on March 23, hitting 3.07 trillion yuan (USD 422.739 billion) with profit attributable to shareholders amounting to 48.94 billion yuan (USD 6.74 billion) and earnings per share reaching 0.404 yuan.

Sinopec stresses shareholder returns and has implemented a return-oriented action plan with enhanced quality and efficiency, a dividend return plan for shareholders in the next three years, and its first-ever market value management strategy. It is expected that a cash dividend of 0.286 yuan per share (including tax) will be paid for the whole year of 2024, which, when combined with the repurchase amount, will result in an annual payout ratio of 75 percent.

In 2024, Sinopec reported record highs in terms of oil and gas equivalent production, crude oil processing volume, kerosene production, and domestic oil and gas reserve replacement rate:

Produced 515.35 million barrels of oil and gas equivalent, 1,400.4 billion cubic feet of natural gas, up 4.7 percent year-on-year, and hit record high of natural gas industry chain profit;Produced 254 million barrels of crude oil, up 0.9 percent year-on-year with domestic oil and gas reserve replacement rate reaching 144 percent;Processed 252 million tonnes of crude oil, a year-on-year increase in kerosene production of 8.6 percent;PX production hit record high; the annual ethylene output was 13.47 million tonnes, and the total sales volume of chemical products was 83.45 million tonnes, of which the export volume increased by 13.1 percent year-on-year;The total sales volume of refined oil products reached 239 million tonnes.

As a service provider of fuel, natural gas, hydrogen, electricity and non-fuel business, Sinopec responds to market changes and gives full play to its integration and network advantages, building over 1,000 LNG/CNG refueling stations and over 10,000 battery charging and swapping stations. Pushing forward the steady development of hydrogen mobility, Sinopec is also exploring the domestic and international low-sulfur marine fuel market and has the second highest marketing volume of marine fuel in the world.

Sinopec is also vigorously promoting the integration of sci-tech innovation and industrial innovation. It has put into operation the world’s first cyclohexene esterification hydrogenation unit for producing cyclohexanone and digital twin-based smart ethylene factory, also completed China’s first factory-scale seawater to hydrogen production demonstration project. Throughout 2024, Sinopec applied for 9,666 domestic and foreign patents, and 5,550 were authorized.

In addition, Sinopec is responding to climate challenges with concrete actions; it’s carrying out the second phase of the green enterprise action program and launched the 10,000 PV Sites initiative. The annual carbon capture volume has increased 20.1 percent year-on-year, and methane recovery increased by 9.4 percent. It has lowered comprehensive energy consumption per 10,000 yuan of production output by 4.9 percent year-on-year. With the rapid development of emerging industries such as hydrogen energy, biofuels, CCUS and more, Sinopec has established 11 hydrogen fuel cell supply centers in China and successfully developed the “Beijing-Shanghai Hydrogen Transportation Corridor.”

“In 2025, as China’s economy rebounds, Sinopec will have a broader space for transformation and upgrading. We will anchor on high-end, high-quality, intelligent and green development, while steadily carrying out green and low-carbon transformation, fulfilling corporate social responsibilities, and joining hands with global stakeholders to promote the sustainable development of the Company, creating greater values for the shareholders and society,” said Ma Yongsheng, President of Sinopec.

For more information about Sinopec, please visit http://www.sinopec.com/listco/en/.

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SOURCE SINOPEC

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Valmet supplies a complete board making line for efficient premium-quality coated board production in Asia

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Valmet Oyj’s press release on September 23, 2026, at 9:30 a.m. EEST

ESPOO, Finland, Sept. 23, 2026 /PRNewswire/ — Valmet has been selected to supply a coated board making line, automation, and lifecycle services to a customer in Asia. The new line will produce premium-quality coated board grades and support the customer’s targets to strengthen their position as a leading producer in their field. The delivery will support the customer’s unique know-how and enable them to reach new levels of combined quality and production efficiency. The start-up of the machine is scheduled for 2028.

“Customers are increasingly looking for solutions that combine high product quality, production efficiency, and long-term performance. By combining advanced board making technologies, automation, and lifecycle services into one integrated delivery, we can support reliable operations and efficient production of premium-quality coated board while ensuring sustainable performance throughout the lifecycle of their investment. Valmet’s earlier deliveries of similar production lines to Asia region rank among the highest productivity and quality benchmarks in the area,” says Markus Veikkola, Sales Director, China and Asia Pacific, Packaging and Paper Machines, Valmet.

The extensive board line order includes stock preparation and a complete board machine from headboxes to reel and winders. The consistent lifecycle performance of the machine is secured with automation, digital services, and paper machine clothing and spare parts packages.

The order is included in Valmet’s orders received for the third quarter of 2026. The value of the order will not be disclosed.

VALMET 
Corporate Communications 

Further information:
Petri Paukkunen, Vice President, Packaging and Paper Machines, Packaging and Paper Business Area, Valmet, tel. +358 40 744 8182
Petri Rasinmäki, Executive Vice President, Packaging and Paper Business Area, Valmet, tel. +358 10 672 0000 (switchboard)

Valmet is a global technology leader in serving process industries. We work with our customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, we are uniquely positioned to transform industries toward a regenerative tomorrow.In 2025, Valmet’s net sales totaled approximately EUR 5.2 billion. Our head office is in Espoo, Finland, and we have experts in approximately 40 countries around the world. Valmet’s shares are listed on Nasdaq Helsinki.

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Temu Expands Seller Education with Bureau Veritas, QIMA and TÜV SÜD

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DUBLIN, Sept. 23, 2026 /PRNewswire/ — Temu is expanding its seller education programs in collaboration with eight global product testing and certification organizations, including Bureau Veritas, QIMA and TÜV SÜD. The courses help sellers on Temu understand the product safety and certification requirements that apply to their products and markets.

The training courses give sellers direct access to independent specialists who explain how regulatory requirements apply to their products. Sellers also have testing and certification support available to them on the platform.

The courses are livestreamed through the Temu Seller Academy. Sessions held in August recorded more than 4,000 views by sellers in total and over 2,000 interactions. For example:

Bureau Veritas provided an overview of European toy safety requirements, including regulatory updates, labeling rules and physical and chemical risks.TÜV SÜD covered testing and certification requirements for children’s toys in Europe and the United States, focusing on risk mitigation through product design and material selection.

The August program also included a session led by SPEAC, an EU-funded product safety project, on the EU Packaging and Packaging Waste Regulation and practical requirements for online sellers.

Upcoming sessions will cover electronics, textiles, footwear, cosmetics and food-contact materials.

“Every new market brings fresh obligations, from product safety rules to testing and certification,” said a Temu spokesperson. “By organizing these training sessions with industry leaders, we give sellers direct access to specialists and practical information they can apply to their own operations and products.”

Temu held more than 100 meetings with trade associations, chambers of commerce and start-up networks in Europe in the first half of 2026 to understand the difficulties small businesses face in selling online. The practical demands of selling in multiple markets came up consistently, and that feedback informs Temu’s broader support for sellers.

The seller education programs form part of this support, alongside dedicated onboarding teams that provide continued guidance through Temu’s Local Seller Program. Sellers can also connect their existing business software to Temu through more than 200 ERP integrations and access a network of more than 150 delivery providers across Europe, including DHL Group and La Poste.

Temu is deepening its engagement with Europe’s business communities, and has signed memorandums of understanding with Start:up Slovenia, Portugal’s APDC, Cyprus’s CITEA and Switzerland’s SKV to contribute to knowledge-sharing. Temu has also joined Cross-Border Commerce Europe to participate in EU dialogue on cross-border e-commerce.

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

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SOURCE Temu

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TK Elevator Launches MAX in Vietnam to Maximize Elevator and Escalator Uptime

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TK Elevator Vietnam announces the launch of MAX cloud-based IoT building operations platform to improve operational efficiency and support smarter building management.MAX is designed to streamline operations and increase uptime through analyzing real-time data from connected elevators, escalators and moving walks  MAX enables actionable insights and predictive maintenance that can reduce downtime by up to 50%.

HANOI, Vietnam, Sept. 23, 2026 /PRNewswire/ — TK Elevator, one of the market and innovation leaders in the elevator industry, is pleased to announce the launch of its flagship building operations platform MAX in Vietnam. MAX is an IoT platform that harnesses cloud computing, big data and machine learning to improve operational efficiency and support smarter building management. MAX brings cloud-based maintenance data and insights to building operations enabling actions such as monitoring, control and predictive maintenance. In turn this creates additional value for building owners, property managers and maintenance personnel by offering more streamlined operations and increased availability of vertical mobility systems.

TK Elevator’s all-encompassing digital solutions consist of MAX and AGILE platforms, catering for the needs of building operations and people experience respectively. Digital Maintenance will be launched in the Asia Pacific region as the flagship product of the MAX range. As economic growth and infrastructural development continue in Vietnam, MAX enables optimal customer service for building operators and managers by analyzing real-time data from connected elevators, escalators and moving walks. Leveraging the availability of real-time status of elevators and escalators, property managers and maintenance personnel can easily manage the entire property through one comprehensive platform, taking full advantage of predictive and digital maintenance brought by MAX.

“With MAX, our innovative cloud-based predictive maintenance solution, TK Elevator is advancing the digitization of vertical mobility systems. Together with AGILE, our digital passenger experience platform that enables intelligent destination control and optimized passenger flow, MAX helps customers leverage real-time insights to improve reliability, transparency and operational efficiency. As Vietnam accelerates its digital transformation, our ambition is to set a new benchmark for service excellence and digital building operations,” said Diem Huynh, Managing Director, Vietnam & Cambodia, TK Elevator.

MAX is the ideal building operations solution for elevator and escalator operators of all scales, proven to reduce downtime by up to 50%. From standalone TKE elevators in residential buildings to hundreds of units newly installed or modernized by TKE in commercial facilities or infrastructure projects, adding MAX new or as retrofits provide property owners and managers with additional operation and maintenance insights through its MAX premium package.

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Can be downloaded HERE

ABOUT TK ELEVATOR
Please download our company boiler HERE

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SOURCE TK Elevator

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