China Petroleum & Chemical Corp

Common Name

China Petroleum & Chemical

Country

China (Mainland)

Sector

Energy

Industry

Oil & Gas Integrated

Employees

348,654

Ticker

600028

Exchange

SHANGHAI STOCK EXCHANGE

Website

www.sinopec.com

Description

China Petroleum & Chemical Corporation, commonly known as Sinopec, is a prominent state-owned enterprise primarily focused on oil and gas exploration and production. It stands as one of the global lea... Show more

Financial Statements of China Petroleum & Chemical

Below are the financial statements of China Petroleum & Chemical, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of CNY	2024	2023
Current assets	—	—
Cash at bank and on hand	146,799^a	164,960^a
Financial assets held for trading	4^a	3^a
Derivative financial assets	2,554^a	9,721^a
Accounts receivable	44,333^a	48,652^a
Receivables financing	2,613^a	2,221^a
Prepayments	6,429^a	5,067^a
Other receivables	32,123^a	26,089^a
Inventories	256,595^a	250,898^a
Other current assets	33,065^a	26,824^a
Total current assets	524,515^a	534,435^a
Non-current assets	—	—
Long-term equity investments	246,819^a	234,608^a
Other equity instrument investments	416^a	450^a
Fixed assets	717,105^a	690,957^a
Construction in progress	208,747^a	180,250^a
Right-of-use assets	164,342^a	174,529^a
Intangible assets	137,983^a	138,181^a
Goodwill	6,493^a	6,472^a
Long-term deferred expenses	12,131^a	13,199^a
Deferred tax assets	18,777^a	20,110^a
Other non-current assets	47,443^a	33,483^a
Total non-current assets	1,560,256^a	1,492,239^a
Total assets	2,084,771^a	2,026,674^a
Current liabilities	—	—
Short-term loans	48,231^a	59,815^a
Derivative financial liabilities	3,412^a	2,752^a
Bills payable	47,740^a	29,122^a
Accounts payable	208,857^a	229,878^a
Contract liabilities	127,697^a	127,239^a
Employee benefits payable	14,167^a	13,941^a
Taxes payable	38,497^a	40,008^a
Other payables	98,467^a	93,031^a
Non-current liabilities due within one year	64,602^a	30,457^a
Other current liabilities	21,567^a	20,833^a
Total current liabilities	673,237^a	647,076^a
Non-current liabilities	—	—
Long-term loans	184,934^a	179,347^a
Debentures payable	25,562^a	8,513^a
Lease liabilities	154,904^a	163,864^a
Provisions	49,668^a	48,269^a
Deferred tax liabilities	7,324^a	7,817^a
Other non-current liabilities	12,849^a	13,133^a
Total non-current liabilities	435,241^a	420,943^a
Total liabilities	1,108,478^a	1,068,019^a
Shareholders’ equity	—	—
Share capital	121,282^a	119,349^a
Capital reserve	125,368^a	117,273^a
Less: treasury shares	1^a	0^a
Other comprehensive income	-987^a	3,060^a
Specific reserve	2,549^a	2,597^a
Surplus reserves	227,663^a	223,134^a
Retained earnings	344,048^a	340,381^a
Total equity attributable to shareholders of the Company	819,922^a	805,794^a
Non-controlling interests	156,371^a	152,861^a
Total shareholders’ equity	976,293^a	958,655^a
Total liabilities and shareholders’ equity	2,084,771^a	2,026,674^a
Non-current assets	—	—
Property, plant and equipment, net	717,083^a	690,897^a
Construction in progress	208,747^a	180,250^a
Right-of-use assets	255,816^a	264,054^a
Goodwill	6,493^a	6,472^a
Interest in associates	166,786^a	163,066^a
Interest in joint ventures	76,702^a	69,564^a
Financial assets at fair value through other comprehensive income	416^a	450^a
Deferred tax assets	18,777^a	20,110^a
Long-term prepayments and other assets	106,105^a	95,398^a
Total non-current assets	1,556,925^a	1,490,261^a
Current assets	—	—
Cash and cash equivalents	91,295^a	121,759^a
Time deposits with financial institutions	54,285^a	41,778^a
Financial assets at fair value through profit or loss	4^a	3^a
Derivative financial assets	2,554^a	9,721^a
Trade accounts receivable	44,333^a	48,652^a
Financial assets at fair value through other comprehensive income	2,613^a	2,221^a
Inventories	256,595^a	250,898^a
Prepaid expenses and other current assets	72,836^a	59,403^a
Total current assets	524,515^a	534,435^a
Current liabilities	—	—
Short-term debts	87,780^a	58,534^a
Loans from Sinopec Group Company and fellow subsidiaries	4,684^a	12,437^a
Lease liabilities	17,831^a	17,536^a
Derivative financial liabilities	3,412^a	2,752^a
Trade accounts payable and bills payable	256,597^a	259,000^a
Contract liabilities	127,697^a	127,239^a
Other payables	173,530^a	168,124^a
Income tax payable	1,706^a	1,454^a
Total current liabilities	673,237^a	647,076^a
Net current liabilities	148,722^a	112,641^a
Total assets less current liabilities	1,408,203^a	1,377,620^a
Non-current liabilities	—	—
Long-term debts	187,202^a	163,049^a
Loans from Sinopec Group Company and fellow subsidiaries	23,294^a	24,811^a
Lease liabilities	154,904^a	163,864^a
Deferred tax liabilities	7,324^a	7,817^a
Provisions	49,668^a	48,269^a
Other long-term liabilities	13,664^a	14,001^a
Total non-current liabilities	436,056^a	421,811^a
Equity	—	—
Share capital	121,282^a	119,349^a
Reserves	694,533^a	683,640^a
Total equity attributable to shareholders of the Company	815,815^a	802,989^a
Non-controlling interests	156,332^a	152,820^a
Total equity	972,147^a	955,809^a

Verified Sources Behind China Petroleum & Chemical’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore China Petroleum & Chemical’s data sources below and access millions more through our Disclosure Search.

a. China Petroleum & Chemical's Annual Report 2024

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China Petroleum & Chemical Corp

Financial Statements of China Petroleum & Chemical

Verified Sources Behind China Petroleum & Chemical’s Financial Fundamentals Data

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