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 billions of CNY	2024	2023
Operating income	3,074.56^a	3,212.22^a
Operating costs	-2,598.94^a	-2,709.66^a
Taxes and surcharges	-267.32^a	-272.92^a
Selling and distribution expenses	-61.42^a	-61.16^a
General and administrative expenses	-58.02^a	-59.66^a
Research and development expenses	-15.22^a	-13.97^a
Financial expenses	-11.17^a	-9.92^a
Interest expenses	-18.6^a	-18.07^a
Interest income	5.94^a	6.83^a
Exploration expenses, including dry holes	-9.38^a	-11.06^a
Other income	12.25^a	10.91^a
Investment income	15.89^a	5.81^a
Income from investment in associates and joint ventures	10.31^a	8.18^a
(Losses)/gains from changes in fair value	-4.15^a	0.47^a
Credit impairment (losses)/reversals	-0.11^a	0.24^a
Impairment losses	-6.7^a	-8.77^a
Asset disposal gains	1.97^a	4.23^a
Operating profit	72.26^a	86.74^a
Non-operating income	2.23^a	1.97^a
Non-operating expenses	-3.97^a	-2.6^a
Profit before taxation	70.51^a	86.12^a
Income tax expense	-12.97^a	-16.07^a
Net profit	57.55^a	70.05^a
Classification by going concern	—	—
Net profit from continuing operations	57.55^a	70.05^a
Net profit from discontinued operations	0^a	0^a
Classification by ownership	—	—
Shareholders of the company	50.31^a	60.46^a
Non-controlling interests	7.23^a	9.58^a
Revenue	—	—
Revenue from primary business	3,015.32^a	3,146.87^a
Other operating revenues	59.24^a	65.34^a
Operating expenses	—	—
Purchased crude oil, products and operating supplies and expenses	-2,449.61^a	-2,569.41^a
Selling, general and administrative expenses	-57.55^a	-59.58^a
Depreciation, depletion and amortisation	-120.71^a	-113.75^a
Exploration expenses, including dry holes	-9.38^a	-11.06^a
Personnel expenses	-110.19^a	-108.02^a
Taxes other than income tax	-267.32^a	-272.92^a
Impairment (losses)/reversals on trade and other receivables	-0.11^a	0.24^a
Other operating income/(expenses), net	10.98^a	9.1^a
Total operating expenses	-3,003.88^a	-3,125.39^a
Operating profit	70.69^a	86.83^a
Finance costs	—	—
Interest expense	-18.6^a	-18.07^a
Interest income	5.94^a	6.83^a
Foreign currency exchange gains, net	1.49^a	1.32^a
Net finance costs	-11.17^a	-9.92^a
Investment income	0.67^a	0.83^a
Share of profits less losses from associates and joint ventures	8.96^a	6.2^a
Profit before taxation	69.14^a	83.93^a
Income tax expense	-12.97^a	-16.07^a
Profit for the year	56.18^a	67.86^a
Attributable to	—	—
Shareholders of the company	48.94^a	58.31^a
Non-controlling interests	7.24^a	9.55^a

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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China Petroleum & Chemical Corp

Financial Statements of China Petroleum & Chemical

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

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