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How do petrochemical companies typically spend their profits?

2010-11-28View Original

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After the secondary units of Sinopec generate profits, how are the hundreds of millions in net profit spent each year – given to ** or used for internal purposes? How to use it by yourself
Reply #22010-11-28
There’s so much of it. No wonder I heard that the salaries, benefits, and year-end bonuses for the senior managers and employees there are extremely generous; it’s probably to pay some taxes and purchase some equipment, with the rest being divided up among the managers
Reply #32010-11-29
Spending 40,000 yuan per day; spending millions on a ceiling fixture – that’s how the money is spent
Reply #42010-11-29
Pay taxes, hand over profits, various disguised welfare benefits, slush funds, embezzle money from projects, and falsify accounts to hide it!
Reply #52010-11-29
Give out more bonuses and such; employee benefits are really great, making others envious
Reply #62010-11-29
It’s not as simple as one might think. With Sinopec’s huge profits, can they just use them for their own benefit however they want? . . . The money is still under control; it might be some small amounts of illicit money, and it’s normal for the boss to take them
Reply #72010-11-29
I heard that the dividends paid out are very small. Where does all that profit go? It should be distributed equally among the 1.3 billion Chinese people, once a year; state-owned enterprises belong to the whole nation

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