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China Petroleum & Chemical
(OTC: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 | ||||
| 3.19T | 3.07T | 3.21T | 3.32T | 2.74T | 2.11T | Gross Profit |
| 624.26B | 502.78B | 641.45B | 523.51B | 548.54B | 404.89B | EBIT |
| 83.02B | 70.69B | 86.83B | 117.06B | 152.45B | -70.89B | EBITDA |
| 178.30B | 207.68B | 214.65B | 219.97B | 238.73B | 36.07B | Net Income Common Stockholders |
| 59.27B | 48.94B | 58.31B | 66.15B | 71.97B | 33.44B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 135.05B | 148.20B | 163.54B | 148.56B | 227.93B | 196.79B | Total Assets |
| 1.48T | 2.08T | 2.02T | 1.95T | 1.89T | 1.73T | Total Debt |
| 189.24B | 475.69B | 440.23B | 356.70B | 315.52B | 300.45B | Net Debt |
| 78.26B | 384.40B | 318.47B | 263.26B | 206.93B | 212.89B | Total Liabilities |
| 626.57B | 1.11T | 1.07T | 1.01T | 974.18B | 850.95B | Stockholders Equity |
| 727.40B | 815.82B | 802.99B | 784.71B | 774.18B | 741.49B |
| Cash Flow | Free Cash Flow | ||||
| 38.21B | 10.15B | -10.02B | -37.48B | 80.25B | 49.64B | Operating Cash Flow |
| 176.18B | 149.36B | 161.47B | 116.27B | 225.17B | 167.52B | Investing Cash Flow |
| -141.44B | -161.24B | -155.87B | -95.01B | -145.20B | -102.20B | Financing Cash Flow |
| -7.27B | -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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $732.29B | 11.44 | 3.59% | -7.72% | -26.66% | ||
58 Neutral | $7.56B | 3.50 | -4.45% | 10.15% | 0.79% | -49.51% | |
| $17.81B | 5.56 | 12.03% | 11.62% | ― | ― | ||
| $105.04B | 11.52 | 12.78% | 7.25% | ― | ― | ||
| $222.59B | 7.04 | 7.00% | ― | ― | |||
| $15.17B | 5.30 | 22.05% | 6.88% | ― | ― | ||
| €101.82B | 5.79 | 19.25% | 7.60% | ― | ― |
China Petroleum & Chemical Corporate Events
Sinopec Corp. recently held its annual general meeting for 2024 and the first class meetings for A and H shareholders for 2025. The meetings, chaired by Chairman Ma Yongsheng, saw significant shareholder participation, with a high percentage of voting shares represented. The company reported that no shareholders were required to abstain from voting, and no opposition to resolutions was noted, indicating strong shareholder support and alignment with the company’s strategic direction.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 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 final cash dividend of RMB 0.14 per share for the financial year ending December 31, 2024, with the payment scheduled for June 27, 2025. The announcement includes details on the exchange rate for Hong Kong dollars, withholding tax implications for non-resident shareholders, and the timeline for dividend distribution, reflecting the company’s commitment to shareholder returns and its operational stability.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 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 announced the completion of the issuance of exchangeable bonds by its controlling shareholder, Sinopec Group, through its subsidiary Deep Development 2025 Limited. The issuance, which took place on the Hong Kong Stock Exchange, will not affect the company’s control, operations, or governance, ensuring stability for stakeholders while adhering to disclosure obligations.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 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 announced that its controlling shareholder, Sinopec Group, has increased its shareholding in the company by acquiring 302,004,000 H shares, representing approximately 0.25% of the total issued shares, for HKD 1,232,176,320. This move is part of a broader Shareholding Increase Plan, and the company will continue to monitor and disclose any further increases in shareholding by Sinopec Group and its concert party, which may impact the company’s market positioning and stakeholder interests.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 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 announced that its controlling shareholder, Sinopec Group, will issue exchangeable bonds worth HK$7.75 billion through its subsidiary Deep Development 2025 Limited. The issuance aims to refinance existing offshore indebtedness and will not affect the company’s control, production, or governance. The bonds, with a 0.75% coupon rate and a 7-year term, will be listed on the Hong Kong Stock Exchange, using H shares held by Sinopec Century Bright Capital Investment Limited as underlying shares.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 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 announced the resignation of Mr. Yu Baocai from his roles as an executive director and senior vice president due to his age. The company expressed gratitude for his diligent service and confirmed that there are no disagreements or issues related to his departure that need to be addressed with shareholders.
China Petroleum & Chemical Corporation has announced the composition of its board of directors and the roles within its five board committees. This announcement provides clarity on the leadership structure, which is crucial for stakeholders to understand the company’s governance and strategic direction.
China Petroleum & Chemical Corporation has released its first quarterly report for 2025, highlighting its adherence to regulatory requirements set by the Hong Kong Stock Exchange. This announcement underscores the company’s commitment to transparency and compliance, which may positively influence its reputation and stakeholder trust.
China Petroleum & Chemical Company (Sinopec) and its controlling shareholder, Sinopec Group, have announced a capital increase in Sinopec Capital. The capital increase, totaling RMB1,990 million, will be funded by Sinopec and Sinopec Group, with contributions of RMB975.1 million and RMB1,014.9 million respectively. This move will raise Sinopec Capital’s registered capital from RMB10,000 million to RMB11,990 million, while maintaining the existing equity interests of 49% for Sinopec and 51% for Sinopec Group. The capital increase is aimed at supporting Sinopec Capital’s investment plans, including significant investments in the hydrogen energy fund and the Central Enterprises Strategic Emerging Industries Development Fund, reflecting the company’s strategic focus on emerging industries.
China Petroleum & Chemical Company (Sinopec) has announced the formation of a joint venture with its subsidiary FPCL and an independent third party, AAS, to establish Fujian Sinopec Aramco Refining and Petrochemical Co., Ltd. The joint venture, with a registered capital of RMB28.8 billion, aims to enhance Sinopec’s operations in oil refining and petrochemical production. Sinopec and FPCL will hold 75% of the joint venture’s capital, while AAS will contribute the remaining 25%. This strategic move is expected to strengthen Sinopec’s market position and expand its capabilities in the petrochemical industry.
China Petroleum & Chemical Corporation (Sinopec Corp.) has announced a board meeting scheduled for April 28, 2025, to review and potentially approve the company’s first quarterly results for the year. This meeting could provide insights into Sinopec’s financial performance and strategic direction, impacting stakeholders and potentially influencing market perceptions of the company’s stability and growth prospects.
China Petroleum & Chemical Corporation announced that its controlling shareholder, Sinopec Group, plans to increase its shareholdings in the company by up to RMB3 billion within the next year. This move, financed through internal funds and special loans, reflects confidence in the company’s growth prospects and aims to strengthen its market position. The plan complies with relevant securities laws, and the company will ensure timely disclosure of progress. However, there are risks associated with market changes that could affect the plan’s success.
China Petroleum & Chemical Corporation (Sinopec Corp.) has announced its Annual General Meeting (AGM) for 2024 and the first H Shareholders Class Meeting for 2025, scheduled for May 28, 2025, in Beijing. Key resolutions to be discussed include the approval of financial reports for 2024, a profit distribution plan with a final cash dividend of RMB0.14 per share, the re-appointment of KPMG as auditors, and authorization for the issuance of debt financing instruments up to RMB80 billion. These measures are aimed at enhancing the company’s financial flexibility and operational capabilities.
China Petroleum & Chemical Corporation announced a final cash dividend of RMB 0.14 per share for the financial year ending December 31, 2024, with shareholder approval scheduled for May 28, 2025. The announcement highlights the company’s commitment to returning value to shareholders and provides details on dividend distribution, including withholding tax information for non-resident shareholders, reflecting its adherence to international tax agreements.
Sinopec Corp. has announced its audited financial results for the year ending December 31, 2024. The results, which comply with the Hong Kong Stock Exchange’s listing requirements, are available in both Chinese and English on the company’s website and the stock exchange’s site. This announcement is crucial for stakeholders as it provides insights into the company’s financial health and operational performance, impacting its market positioning and future strategies.
China Petroleum & Chemical Corporation has announced a final cash dividend of RMB 0.14 per share for the financial year ending December 31, 2024. The dividend will be paid on June 27, 2025, with specific tax implications for non-resident shareholders based on their country of residence and applicable tax treaties with China. This announcement reflects the company’s commitment to returning value to its shareholders and may influence its market positioning and stakeholder relations.
Sinopec Corp. has announced a reduction in its registered capital following the completion of a share repurchase program, which saw the cancellation of over 458 million shares. This move, approved by the board, aims to safeguard corporate value and protect shareholders’ interests. The company’s Articles of Association will be amended to reflect the new capital structure, pending approval at the 2024 annual general meeting. This strategic decision is expected to enhance Sinopec’s financial positioning and align its capital structure with its operational goals.