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)

2021 2020
Total Revenue 2.74T 2.1T
Gross Profit 519.81B 406.61B
Operating Income 116.1B 13.26B
Income Before Tax 108.35B 48.44B
Net Income 71.21B 33.27B

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)

2021 2020
Cash 221.99B 184.41B
Total Assets 1.89T 1.74T
Long Term Debt 91.99B 83.81B
Total Liabilities 973.21B 850.18B
Total Shareholder Equity 775.1B 747.29B
Net Tangible Assets 647.3B 624.39B

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)

2021 2020
Net Income 71.21B 33.27B
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 2.74T 2.1T 2.96T 2.89T
Cost Of Revenue 2.22T 1.7T 2.37T 2.29T
Gross Profit 519.81B 406.61B 587.87B 597.13B
Research Development 11.48B 10.09B 10.09B 10.09B
Selling General Administrative 120.43B 131.58B 138.18B 143.36B
Non Recurring - - - -
Other Operating Expenses 255.2B 235.16B 248.11B 250.29B
Total Operating Expenses 2.62T 2.09T 2.88T 2.81T
Operating Income 116.1B 13.26B 81.9B 78.74B
Total Other Income Expense Net -7.75B 35.18B 8.12B 20.37B
Ebit 116.1B 13.26B 81.9B 78.74B
Interest Expense -13.88B -13.86B -17.09B -7.32B
Income Before Tax 108.35B 48.44B 90.02B 99.11B
Income Tax Expense 23.32B 6.34B 17.94B 20.21B
Minority Interest 140.94B 141.43B 138.36B 139.25B
Net Income From Continuing Ops 85.03B 42.1B 72.08B 78.9B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 71.21B 33.27B 57.49B 61.62B
Net Income Applicable To Common Shares 71.21B 33.27B 57.49B 61.62B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 221.99B 184.41B 60.44B 111.92B
Net Receivables 76.46B 77.9B 88.7B 91.33B
Inventory 207.43B 152.19B 194.14B 184.58B
Other Current Assets 52.14B 41.16B 33.09B 35.45B
Total Current Assets 558.02B 455.66B 447.31B 504.12B
Long Term Investments 209.95B 189.87B 153.72B 147.17B
Property Plant Equipment 939.84B 908.16B 1.07T 754.73B
Good Will 8.59B 8.62B 8.7B 8.68B
Intangible Assets 119.21B 114.28B 34.01B 34.93B
Other Assets 53.64B 62.31B 49.04B 142.68B
Deferred Long Term Asset Charges 19.39B 25.05B 17.62B 21.69B
Total Assets 1.89T 1.74T 1.76T 1.59T
Accounts Payable 215.64B 161.91B 200.02B 192.76B
Short Long Term Debt 13.17B 9.9B 52.61B 16.43B
Other Current Liab 281.84B 242.39B 209.27B 222.91B
Long Term Debt 91.99B 83.81B 58.83B 93.53B
Other Liab 69.71B 71.63B 66.5B 77.15B
Deferred Long Term Liab 10.01B 9.58B - -
Minority Interest 140.94B 141.43B 138.36B 139.25B
Total Current Liabilities 641.28B 523B 579.98B 565.1B
Total Liab 973.21B 850.18B 882.98B 735.77B
Common Stock 121.07B 121.07B 121.07B 121.07B
Retained Earnings 531.87B 495.86B 530.35B 518.79B
Treasury Stock 1.97B 2.98B 31.67B 21.58B
Capital Surplus 120.19B 127.39B 55.85B 55.85B
Other Stockholder Equity 1.97B 2.98B 31.67B 21.58B
Total Stockholder Equity 775.1B 747.29B 738.95B 717.28B
Net Tangible Assets 647.3B 624.39B 696.24B 673.67B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 71.21B 33.27B 57.49B 61.62B
Depreciation 117.58B 112.2B 109.17B 113.99B
Change To Netincome 38.07B 1.93B 23.48B 2.5B
Change To Account Receivables -8.18B -17.61B -11.91B -1.04B
Change To Liabilities 64.08B 16.08B -14.9B 2.11B
Change To Inventory -58.37B 22.41B -9.75B -3.31B
Change To Operating Activities 775M 237M 237M 237M
Total Cash From Operating Activities 225.17B 168.52B 153.62B 175.87B
Capital Expenditures -144.92B -131.64B -141.55B -103.01B
Investments -3.27B -1.09B 7.14B 13.58B
Other Cashflows From Investing Activities -2.58B -22.11B 13.68B 16.53B
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 -1.19B 3.34B -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 -1.24B 147M 518M
Change In Cash 21.03B 27.12B -51.49B -1.3B