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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 |
| EBITDA | 178.30B | 207.68B | 214.65B | 219.97B | 238.73B | 36.07B |
| Net Income | 59.27B | 48.94B | 58.31B | 66.15B | 71.97B | 33.44B |
Balance Sheet | ||||||
| Total Assets | 1.48T | 2.08T | 2.02T | 1.95T | 1.89T | 1.73T |
| Cash, Cash Equivalents and Short-Term Investments | 135.05B | 148.20B | 163.54B | 148.56B | 227.93B | 196.79B |
| Total Debt | 189.24B | 475.69B | 440.23B | 356.70B | 315.52B | 300.45B |
| 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | €896.07B | 5.73 | 19.25% | 7.24% | ― | ― | |
80 Outperform | $846.52B | 9.84 | 12.78% | 7.89% | -7.73% | -6.97% | |
76 Outperform | $151.37B | 6.24 | 12.03% | 6.10% | -4.04% | -12.32% | |
73 Outperform | HK$1.67T | 7.24 | 8.02% | -7.86% | 1.52% | ||
67 Neutral | $690.55B | 11.25 | 3.65% | -7.72% | -26.66% | ||
64 Neutral | $113.25B | 5.26 | 22.05% | 7.94% | 2.87% | ― | |
57 Neutral | HK$84.70B | 3.61 | -2.08% | 4.93% | -4.66% | -42.32% |
China Petroleum & Chemical Corporate Events
Sinopec Corp. has announced the proposed election of Mr. Hou Qijun and Mr. Cai Yong as non-executive directors for its ninth board session, pending shareholder approval. This move is expected to enhance the company’s leadership with their extensive experience in the petroleum industry, potentially impacting Sinopec’s strategic direction 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 (Sinopec Corp.) has announced its first extraordinary general meeting for 2025, scheduled for August 21 in Beijing. The meeting will focus on electing two non-executive directors, Mr. Hou Qijun and Mr. Cai Yong, to the ninth session of the company’s board. This election is part of Sinopec’s ongoing efforts to strengthen its corporate governance and leadership structure.
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 its Chairman, Mr. Ma Yongsheng, due to age. Mr. Ma has been instrumental in enhancing corporate governance and driving innovation during his tenure. Mr. Zhao Dong, the Vice Chairman, will temporarily assume the duties of Chairman until a new leader is elected, ensuring continuity in leadership and 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 the composition of its board of directors and their roles within various committees. This announcement provides insights into the company’s governance structure, which could impact its strategic direction and operational efficiency, potentially influencing stakeholder confidence and market positioning.
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.
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.