China Petroleum & Chemical Corp

Common Name

China Petroleum & Chemical

Country

China (Mainland)

Sector

Energy

Industry

Oil & Gas Integrated

Employees

355,952

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

Income Statement Balance Sheet Group Entities

China Petroleum & Chemical's Financial Statements Preview

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.

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All figures in millions of CNY	2024 as of 2024-12-31	2023 as of 2023-12-31
Assets	—	—
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
Liabilities and shareholders’ equity	—	—
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

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

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a. China Petroleum & Chemical's Annual Report 2024

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