35. PRINCIPAL SUBSIDIARIES

As of December 31, 2017, the following list contains the particulars of subsidiaries which principally affected the results, assets and liabilities of the Group.

Name of Company	Particulars of issued capital		Interests held by the Company %	Interests held by non- controlling interests %	Principal activities
Sinopec International Petroleum Exploration and Production Limited (“SIPL”)	RMB	8,000	100.00	—	Investment in exploration, production and sale of petroleum and natural gas
Sinopec Great Wall Energy & Chemical Company Limited	RMB	22,761	100.00	—	Coal chemical industry investment management, production and sale of coal chemical products
Sinopec Yangzi Petrochemical Company Limited	RMB	13,203	100.00	—	Manufacturing of intermediate petrochemical products and petroleum products
Sinopec Pipeline Storage & Transportation Company Limited	RMB	12,000	100.00	—	Pipeline storage and transportation of crude oil
Sinopec Yizheng Chemical Fibre Limited Liability Company	RMB	4,000	100.00	—	Production and sale of polyester chips and polyester fibres
Sinopec Lubricant Company Limited	RMB	3,374	100.00	—	Production and sale of refined petroleum products, lubricant base oil, and petrochemical materials
Sinopec Qingdao Petrochemical Company Limited	RMB	1,595	100.00	—	Manufacturing of intermediate petrochemical products and petroleum products
Sinopec Chemical Sales Company Limited	RMB	1,000	100.00	—	Marketing and distribution of petrochemical products
China International United Petroleum and Chemical Company Limited	RMB	3,000	100.00	—	Trading of crude oil and petrochemical products
Sinopec Overseas Investment Holding Limited (“SOIH”)	US Dollar	1,638	100.00	—	Investment holding
Sinopec Catalyst Company Limited	RMB	1,500	100.00	—	Production and sale of catalyst products
China Petrochemical International Company Limited	RMB	1,400	100.00	—	Trading of petrochemical products
Sinopec Beihai Refining and Chemical Limited Liability Company	RMB	5,294	98.98	1.02	Import and processing of crude oil, production, storage and sale of petroleum products and petrochemical products
Sinopec Qingdao Refining and Chemical Company Limited	RMB	5,000	85.00	15.00	Manufacturing of intermediate petrochemical products and petroleum products
Sinopec Zhanjiang Dongxing Petrochemical Company Limited	RMB	4,397	75.00	25.00	Manufacturing of intermediate petrochemical products and petroleum products
Sinopec Hainan Refining and Chemical Company Limited	RMB	3,986	75.00	25.00	Manufacturing of intermediate petrochemical products and petroleum products
Sinopec Marketing Company Limited (“Marketing Company”)	RMB	28,403	70.42	29.58	Marketing and distribution of refined petroleum products
Shanghai SECCO Petrochemical Company Limited (“Shanghai SECCO”) (Note 31)	RMB	7,801	67.60	32.40	Production and sale of petrochemical products
Sinopec—SK (Wuhan) Petrochemical Company Limited (“Zhonghan Wuhan”)	RMB	6,270	65.00	35.00	Production, sale, research and development of ethylene and downstream byproducts
Sinopec Kantons Holdings Limited (“Sinopec Kantons”)	HKD	248	60.34	39.66	Trading of crude oil and petroleum products
Gaoqiao Petrochemical Company Limited (Note 31)	RMB	10,000	55.00	45.00	Manufacturing of intermediate petrochemical products and petroleum products
Sinopec Shanghai Petrochemical Company Limited (“Shanghai Petrochemical”)	RMB	10,814	50.49	49.51	Manufacturing of synthetic fibres, resin and plastics, intermediate petrochemical products and petroleum products
Fujian Petrochemical Company Limited (“Fujian Petrochemical”) (i)	RMB	6,898	50.00	50.00	Manufacturing of plastics, intermediate petrochemical products and petroleum products

Except for Sinopec Kantons and SOIH, which are incorporated in Bermuda and Hong Kong respectively, all of the above principal subsidiaries are incorporated and operate their businesses principally in the PRC. All of the above principal subsidiaries are limited companies.

Note:

(i) The Group consolidated the financial statements of the entity because it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.

Summarized financial information on subsidiaries with material non-controlling interests

Set out below are the summarized financial information which the amount before inter-company eliminations for each subsidiary that has non-controlling interests that are material to the Group.

Summarized consolidated balance sheet

	Marketing Company				SIPL				Shanghai Petrochemical				Fujian Petrochemical				Sinopec Kantons				Shanghai SECCO		Zhonghan Wuhan
	December 31,				December 31,				December 31,				December 31,				December 31,				December 31,		December 31,
	2016		2017		2016		2017		2016		2017		2016		2017		2016		2017		2017		2016		2017
	RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB
Current assets	121,260		156,494		18,116		19,555		14,876		19,866		926		992		1,352		1,196		11,602		1,489		1,636
Current liabilities	(168,366	)	(212,620	)	(824	)	(7,118	)	(8,942	)	(10,922	)	(812	)	(376	)	(2,891	)	(2,351	)	(4,174	)	(7,521	)	(3,975	)

Net current (liabilities)/assets	(47,106	)	(56,126	)	17,292		12,437		5,934		8,944		114		616		(1,539	)	(1,155	)	7,428		(6,032	)	(2,339	)

Non—current assets	246,514		253,455		40,067		34,769		19,070		19,577		7,845		9,925		13,228		13,089		12,797		14,686		13,598
Non—current liabilities	(1,460	)	(1,774	)	(39,322	)	(28,523	)	—		(6	)	(721	)	(681	)	(3,101	)	(2,430	)	(1,740	)	—		—

Net non—current assets	245,054		251,681		745		6,246		19,070		19,571		7,124		9,244		10,127		10,659		11,057		14,686		13,598

Net assets	197,948		195,555		18,037		18,683		25,004		28,515		7,238		9,860		8,588		9,504		18,485		8,654		11,259

Attributable to owners of the Company	134,393		132,549		2,784		3,468		12,500		14,253		3,619		4,930		5,162		5,716		12,496		5,625		7,318

Attributable to non—controlling interests	63,555		63,006		15,253		15,215		12,504		14,262		3,619		4,930		3,426		3,788		5,989		3,029		3,941

Summarized consolidated statement of comprehensive income

Year ended	Marketing Company			SIPL						Shanghai Petrochemical			Fujian Petrochemical			Sinopec Kantons			Shanghai SECCO (ii)	Zhonghan Wuhan
December 31,	2015	2016	2017	2015		2016		2017		2015	2016	2017	2015	2016	2017	2015	2016	2017	2017	2015	2016	2017
	RMB	RMB	RMB	RMB		RMB		RMB		RMB	RMB	RMB	RMB	RMB	RMB	RMB	RMB	RMB	RMB	RMB	RMB	RMB
Operating revenues	1,103,934	1,050,294	1,221,530	6,557		4,016		6,136		80,748	77,843	91,962	5,532	4,968	6,068	1,642	1,512	1,498	5,222	14,077	11,703	16,139
Net income/ (loss) for the year	23,684	26,461	27,520	(222	)	(4,604	)	1,075		3,310	5,981	6,154	1,456	2,513	2,726	825	860	1,046	726	1,738	1,558	2,730
Total Comprehensive income/ (loss)	24,391	27,385	26,986	(4,257	)	(2,481	)	396		3,310	6,000	6,153	1,456	2,513	2,726	302	879	1,146	726	1,738	1,558	2,730
Comprehensive income/(loss) attributable to non-controlling interests	7,755	9,028	9,033	(1,218	)	(3,279	)	(38	)	1,655	2,964	3,052	728	1,256	1,363	120	349	433	235	608	545	956
Dividends paid to non-controlling interests	7,356	4,932	9,544	—		—		—		10	563	1,344	—	—	625	40	51	70	—	—	—	—

Summarized statement of cash flows

Year ended	Marketing Company						SIPL						Shanghai Petrochemical						Fujian Petrochemical						Sinopec Kantons						Shanghai SECCO (ii)		Zhonghan Wuhan
December 31,	2015		2016		2017		2015		2016		2017		2015		2016		2017		2015		2016		2017		2015		2016		2017		2017		2015		2016		2017
	RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB
Net cash generated from/(used in) operating activities	33,196		50,840		51,038		4,059		2,576		2,758		4,933		7,182		7,061		(179	)	617		(558	)	1,185		505		968		1,639		4,223		3,636		2,976
Net cash generated from/(used in) investing activities	21,180		(31,573	)	(35,738	)	(4,052	)	2,729		(2,211	)	(439	)	(190	)	(2,401	)	76		54		225		(504	)	261		193		5,567		(4,869	)	(3,080	)	(2,415	)
Net cash (used in)/generated from financing activities	(42,777	)	(20,424	)	(16,499	)	637		(4,414	)	243		(3,696	)	(2,637	)	(2,590	)	(176	)	(55	)	(158	)	(443	)	(1,338	)	(1,093	)	—		588		(682	)	(631	)

Net increase /(decrease) in cash and cash equivalents	11,599		(1,157	)	(1,199	)	644		891		790		798		4,355		2,070		(279	)	616		(491	)	238		(572	)	68		7,206		(58	)	(126	)	(70	)

Cash and cash equivalents as of January 1	2,682		14,914		14,373		1,327		2,042		3,045		279		1,077		5,441		380		101		717		630		886		289		—		337		260		134
Effect of foreign currency exchange rate changes	633		616		(253	)	71		112		(230	)	—		9		(7	)	—		—		—		18		(25	)	(14	)	(1	)	(19	)	—		—

Cash and cash equivalents as of December 31	14,914		14,373		12,921		2,042		3,045		3,605		1,077		5,441		7,504		101		717		226		886		289		343		7,205		260		134		64

(ii) The summarized consolidated statement of comprehensive income and the summarized statement of cash flow of Shanghai SECCO present the results from the acquisition date to December 31, 2017.