China Petroleum & Chemical Corporation (HKEX:0386) Annual Report 2021



The latest annual report of China Petroleum & Chemical Corporation (0386) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 0386 Annual Results

Amounts in CNY

Total Revenue
2.74T
Gross Profit
519.81B
EBIT
116.1B
Net Tangible Assets
647.3B
Net Income
71.21B
Capital Expenditures
-144.92B

0386 Income Statement 2021 Annual Report

As per the latest Income Statement of 0386, the Net revenue increased by ¥635.85B (30%) compared to the previous period. The operating income in 2021 increased by ¥102.841B (775%). The net income as per the annual report was 71.21B which increased by ¥37.937B (114%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.74T2.1T
Gross Profit519.81B406.61B
Operating Income116.1B13.26B
Income Before Tax108.35B48.44B
Net Income71.21B33.27B

Balance Sheet - 0386 2021 Annual Report

Read further: 0386 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of China Petroleum & Chemical Corporation showed the company increased the cash on balance sheet by ¥37.577B (20%). The Net tangible assets of 0386 on the balance sheet were at 647.3B which is ¥22.904B (4%) more than previous annual report. The total stockholder equity also increased by ¥27.808B (4%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash221.99B184.41B
Total Assets1.89T 1.74T
Long Term Debt91.99B83.81B
Total Liabilities973.21B 850.18B
Total Shareholder Equity775.1B747.29B
Net Tangible Assets647.3B624.39B

Cash Flow Statement - 0386 2021 Annual Report

The 2021 annual cash flow statement of China Petroleum & Chemical Corporation showed that the net income increased by ¥37.937B (114%) compared to previous reporting period. Also the capital expenditure of 0386 decreased by ¥-13.285B (-10%).

As of 2021, the total cash from investing activities was -145.2B and total cash from financing activities was -57.94B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income71.21B33.27B
Capital Expenditures-144.92B-131.64B
Dividends Paid-40.96B-30.52B
Total Cash From From Investing Activities-145.2B-102.65B
Total Cash From From Financing Activities-57.94B-37.51B

China Petroleum & Chemical Corporation Annual Report History

Income Statement

Income Statement history of China Petroleum & Chemical Corporation (HKEX:0386)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue2.74T2.1T2.96T2.89T
Cost Of Revenue2.22T1.7T2.37T2.29T
Gross Profit519.81B406.61B587.87B597.13B
Research Development11.48B10.09B10.09B10.09B
Selling General Administrative120.43B131.58B138.18B143.36B
Non Recurring----
Other Operating Expenses255.2B235.16B248.11B250.29B
Total Operating Expenses2.62T2.09T2.88T2.81T
Operating Income116.1B13.26B81.9B78.74B
Total Other Income Expense Net-7.75B35.18B8.12B20.37B
Ebit116.1B13.26B81.9B78.74B
Interest Expense-13.88B-13.86B-17.09B-7.32B
Income Before Tax108.35B48.44B90.02B99.11B
Income Tax Expense23.32B6.34B17.94B20.21B
Minority Interest140.94B141.43B138.36B139.25B
Net Income From Continuing Ops85.03B42.1B72.08B78.9B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income71.21B33.27B57.49B61.62B
Net Income Applicable To Common Shares71.21B33.27B57.49B61.62B

Balance Sheet Statement

Balance Sheet Statement history of China Petroleum & Chemical Corporation (HKEX:0386)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash221.99B184.41B60.44B111.92B
Net Receivables76.46B77.9B88.7B91.33B
Inventory207.43B152.19B194.14B184.58B
Other Current Assets52.14B41.16B33.09B35.45B
Total Current Assets558.02B455.66B447.31B504.12B
Long Term Investments209.95B189.87B153.72B147.17B
Property Plant Equipment939.84B908.16B1.07T754.73B
Good Will8.59B8.62B8.7B8.68B
Intangible Assets119.21B114.28B34.01B34.93B
Other Assets53.64B62.31B49.04B142.68B
Deferred Long Term Asset Charges19.39B25.05B17.62B21.69B
Total Assets1.89T1.74T1.76T1.59T
Accounts Payable215.64B161.91B200.02B192.76B
Short Long Term Debt13.17B9.9B52.61B16.43B
Other Current Liab281.84B242.39B209.27B222.91B
Long Term Debt91.99B83.81B58.83B93.53B
Other Liab69.71B71.63B66.5B77.15B
Deferred Long Term Liab10.01B9.58B--
Minority Interest140.94B141.43B138.36B139.25B
Total Current Liabilities641.28B523B579.98B565.1B
Total Liab973.21B850.18B882.98B735.77B
Common Stock121.07B121.07B121.07B121.07B
Retained Earnings531.87B495.86B530.35B518.79B
Treasury Stock1.97B2.98B31.67B21.58B
Capital Surplus120.19B127.39B55.85B55.85B
Other Stockholder Equity1.97B2.98B31.67B21.58B
Total Stockholder Equity775.1B747.29B738.95B717.28B
Net Tangible Assets647.3B624.39B696.24B673.67B

Cash Flow Statement

Cash Flow Statement history of China Petroleum & Chemical Corporation (HKEX:0386)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income71.21B33.27B57.49B61.62B
Depreciation117.58B112.2B109.17B113.99B
Change To Netincome38.07B1.93B23.48B2.5B
Change To Account Receivables-8.18B-17.61B-11.91B-1.04B
Change To Liabilities64.08B16.08B-14.9B2.11B
Change To Inventory-58.37B22.41B-9.75B-3.31B
Change To Operating Activities775M237M237M237M
Total Cash From Operating Activities225.17B168.52B153.62B175.87B
Capital Expenditures-144.92B-131.64B-141.55B-103.01B
Investments-3.27B-1.09B7.14B13.58B
Other Cashflows From Investing Activities-2.58B-22.11B13.68B16.53B
Total Cashflows From Investing Activities-145.2B-102.65B-121.05B-66.42B
Dividends Paid-40.96B-30.52B-46.01B-67.8B
Net Borrowings-1.19B3.34B-28.5B-25.5B
Other Cashflows From Financing Activities-15.8B-1.86B-9.7B-17.96B
Total Cash From Financing Activities-57.94B-37.51B-84.2B-111.26B
Effect Of Exchange Rate-1B-1.24B147M518M
Change In Cash21.03B27.12B-51.49B-1.3B