Sinopec’s IFRS net was 58.3 billion yuan, which is a 13% decrease compared to last year.
The company’s revenue was 3.21 trillion yuan, marking a 3.3% decrease year on year.
The capital expenditure for the fiscal year was 176.8 billion yuan.
The final dividend per share was 20 RMB cents.
Crude output increased slightly to 281.1 million barrels compared to 280.9 million barrels the previous year.
Gas output saw an increase of 7.2% year on year, reaching 1.34 trillion cubic feet.
Refining operating profit was 20.6 billion yuan, up 69% from last year.
Chemicals operating saw a loss of 6.04 billion yuan, which is a 57% decrease year on year.
Exploration and production operating profit was 45 billion yuan, down 16% from last year.
Marketing and distribution operating profit was 25.9 billion yuan, marking a 5.7% increase year on year.
Earnings per share were 48.7 RMB cents, down from 55.4 RMB cents the previous year.
The company forecasts a capital expenditure of 173 billion yuan for the next year.
The company’s shares fell 2.8% to HK$4.450 on 158.4 million shares traded.
Analysts’ ratings on the company’s stock were 15 buys, 3 holds, and 0 sells.
A look at China Petroleum & Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, the long-term outlook for China Petroleum & Chemical is looking very positive. The company has received high scores in several important areas, including Value, Dividend, and Momentum. With a score of 5 in both Value and Dividend, this indicates that China Petroleum & Chemical is performing well financially and is also providing strong returns to its shareholders.
In addition, the company has received a score of 4 in Growth, which suggests that it has a promising future in terms of expanding its business and increasing its revenue. However, the company has received a slightly lower score of 3 in Resilience, which indicates that it may face some challenges in the face of economic downturns or other external factors.
Overall, the high scores in Value, Dividend, and Momentum, combined with a solid score in Growth, paint a positive picture for China Petroleum & Chemical‘s long-term outlook. This is good news for the company and its investors, as it suggests that they can expect strong financial performance and potential for growth in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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