Company Profitability and Market Share

www.cosl.com.cn COSL Steady Increase in Crude Oil Demand World demand for crude oil China demand for crude oil 100 90 82.5 CAGR: 1.8% 83.9 84.9 85.8 80 77.1 77.8 79.3 70 400 CAGR: 8.1% 346 323 300 293 300 252 159 60 60 229 139 217 119 50 54.9 56.4 57.0 57.5 117 53.3 50 52.4 52.7 83 200 53 62 40 30 6.5 6.7 7.2 7.5 100 20 4.7 5 5.6 164 167 176 170 18 184 187 10 20.0 20.1 20.4 21.1 20.8 20.7 20.8 0 0 2001 2002 2003 2004 2005 2006 2007 2001 2002 2003 2004 2005 2006 2007 ■USA China Other Domestic Production Net Import Source: IEA 15 Source: CEIC, China Petroleum and Chemical Industry Association

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