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China Petroleum & Chemical
(0386)
China Petroleum & Chemical (0386) vs. iShares MSCI Hong Kong ETF (EWH)
China Petroleum & Chemical Business Overview & Revenue Model
China Petroleum & Chemical Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.81T | 3.07T | 3.21T | 3.32T | 2.74T | 2.11T |
| Gross Profit | 526.59B | 502.78B | 641.45B | 632.19B | 662.83B | 404.89B |
| EBITDA | 146.37B | 207.68B | 214.65B | 219.97B | 238.73B | 110.42B |
| Net Income | 35.89B | 48.94B | 58.31B | 66.93B | 71.97B | 33.44B |
Balance Sheet | ||||||
| Total Assets | 2.18T | 2.08T | 2.02T | 1.95T | 1.89T | 1.73T |
| Cash, Cash Equivalents and Short-Term Investments | 193.46B | 148.20B | 165.76B | 148.56B | 227.93B | 196.79B |
| Total Debt | 557.75B | 475.69B | 440.23B | 356.70B | 315.52B | 300.45B |
| Total Liabilities | 1.19T | 1.11T | 1.07T | 1.01T | 974.18B | 850.95B |
| Stockholders Equity | 828.07B | 815.82B | 802.99B | 784.71B | 774.18B | 741.49B |
Cash Flow | ||||||
| Free Cash Flow | 18.64B | 10.15B | -10.02B | -37.48B | 80.25B | 49.64B |
| Operating Cash Flow | 165.37B | 149.36B | 161.47B | 116.27B | 225.17B | 167.52B |
| Investing Cash Flow | -163.19B | -161.24B | -155.87B | -95.01B | -145.20B | -102.20B |
| Financing Cash Flow | -4.66B | -19.24B | 22.73B | -39.70B | -57.94B | -36.95B |
China Petroleum & Chemical Technical Analysis
China Petroleum & Chemical Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.17T | 11.53 | 12.82% | 8.97% | -13.87% | -15.41% | |
72 Outperform | HK$211.42B | 8.59 | ― | 8.02% | 0.80% | -35.81% | |
70 Outperform | HK$2.49T | 7.01 | 10.16% | 6.32% | -6.92% | -2.57% | |
68 Neutral | $783.55B | 13.50 | ― | 5.52% | -10.02% | -27.89% | |
68 Neutral | HK$1.49T | 2.77 | 16.65% | 6.76% | -9.81% | -8.84% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $252.96B | 7.40 | 10.99% | 4.59% | -3.42% | -18.73% |
China Petroleum & Chemical Corporate Events
China Petroleum & Chemical Corporation has released preliminary operational statistics for 2025, showing broadly stable crude oil production at 39.70 million tonnes, with a modest increase in domestic output offset by a decline in overseas production, and a 4% rise in natural gas output. Refinery throughput edged down slightly, with notable drops in gasoline and diesel output but higher kerosene and light chemical feedstock production, while petrochemical segments such as ethylene, synthetic resins and synthetic rubbers recorded strong double-digit growth, indicating a shift toward higher-value chemical products amid weaker domestic refined oil sales volumes, which fell nearly 3%. The unaudited data suggest Sinopec is leaning more into its petrochemical business and domestic upstream gas production as refined fuel demand softens, though final audited figures will only be confirmed in its annual report.
The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.20 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has formally adopted updated terms of reference for the nomination committee under its board of directors, aligning the committee’s composition and responsibilities with China’s Company Law, the national corporate governance code for listed companies, and the securities rules of the exchanges where it is listed. The new framework stipulates that independent directors must form a majority of the nomination committee, that its chair must be an independent director designated by the board, and that committee members are appointed through a defined nomination process and serve concurrent terms with their directorships, with mechanisms to fill vacancies and appoint consulting members, underscoring the company’s emphasis on strengthened board oversight and more regulated governance procedures.
The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.03 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has approved updated terms of reference for its Board Remuneration and Appraisal Committee, specifying its composition, authority and working procedures in line with Chinese company law, corporate governance codes and applicable securities regulations. The revised framework reinforces the role of independent directors on the committee, defines its responsibility for formulating performance appraisal standards and remuneration policies for directors and senior management, and assigns it oversight of stock incentive and employee stock ownership plans, including arrangements for participation in subsidiary spin-offs, signaling a continued focus on structured, transparent executive pay and incentive governance.
The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.03 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has updated and formally adopted new terms of reference for its Board Audit Committee, setting out its composition, qualifications and working procedures in line with China’s Company Law, the Code of Corporate Governance for Listed Companies and the regulatory rules of the markets where its shares are listed. The revised framework requires the committee to consist entirely of non-executive directors, with a majority being independent directors, mandates an independent director with accounting or financial expertise as chairman, and imposes detailed competency, integrity and confidentiality standards on members, including a two-year cooling-off period for former partners of the company’s external auditor. These changes underscore Sinopec’s efforts to strengthen board-level oversight of financial reporting and internal controls, enhance compliance with multi-jurisdictional governance requirements, and reinforce protection of shareholder interests by tightening independence and professional standards for audit committee members.
The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.03 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has announced the current composition of its Board of Directors, detailing the mix of executive, non-executive and independent non-executive directors and confirming their respective roles. The company also outlined the membership and chairmanship of its five key Board committees—Strategy, Audit, Sustainable Development, Remuneration and Appraisal, and Nomination—clarifying governance responsibilities and oversight structure, which underscores its corporate governance framework and may provide greater transparency for investors and other stakeholders.
The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.03 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has revised its Rules of Procedure for General Meetings, which govern how shareholder meetings are convened, proposed, notified, registered, conducted, voted on and followed up. Approved at the company’s second extraordinary general meeting of 2025, the updated rules formalize detailed procedures across these stages, aiming to standardize corporate governance practices, enhance transparency and ensure more orderly and compliant decision-making processes for shareholders and other stakeholders.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has revised its Rules of Procedure for Board Meetings, as approved at its second extraordinary general meeting of 2025 held on 18 December 2025. The updated rules formalize and refine the processes for convening, notifying, conducting, deliberating and voting at board meetings, as well as post-meeting follow-up, indicating a continued emphasis on corporate governance, decision-making transparency and standardized board operations that are likely to affect how strategic and operational decisions are initiated, debated and recorded at the board level.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation held its second extraordinary general meeting of 2025 in Beijing, with shareholders representing about 78% of the company’s voting share capital in attendance, including both A-share and H-share investors. At the meeting, shareholders approved amendments to the Articles of Association and key procedural rules, along with the cancellation of the Supervisory Committee and a reduction of registered capital, signaling a significant governance and capital structure adjustment for Sinopec. The resolution received strong support from A-share holders but faced notable opposition from H-share shareholders, highlighting a divergence in sentiment between domestic and overseas investors that could shape future engagement and governance perceptions.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has announced the current composition of its board of directors, detailing the division between executive, non-executive and independent non-executive directors. The company also clarified the membership and chairmanship of its five key board committees—Strategy, Audit, Sustainable Development, Remuneration and Appraisal, and Nomination—indicating a structured governance framework aimed at strengthening oversight, strategic planning and sustainability efforts, which is relevant to investors’ assessment of corporate governance and board independence.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation (Sinopec Corp.) has proposed the election of Mr. Li Wei as an independent non-executive director for its board. Mr. Li’s extensive experience in corporate management and venture capital, particularly in fields like artificial intelligence and new energy, is expected to enhance the board’s diversity and decision-making capabilities. His appointment is pending approval at the upcoming extraordinary general meeting.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
China Petroleum & Chemical Corporation has announced a supplemental notice for its second extraordinary general meeting in 2025, where a new resolution regarding the election of Mr. Li Wei as an Independent Non-executive Director will be considered. This move could potentially impact the company’s governance structure and strategic direction, reflecting its ongoing efforts to strengthen leadership and enhance corporate governance.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.