PetroChina Company Limited (HKEX:0857) Annual Report 2021



The latest annual report of PetroChina Company Limited (0857) 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 - 0857 Annual Results

Amounts in CNY

Total Revenue
2.61T
Gross Profit
844.33B
EBIT
165.21B
Net Tangible Assets
1.23T
Net Income
92.17B
Capital Expenditures
-261.62B

0857 Income Statement 2021 Annual Report

As per the latest Income Statement of 0857, the Net revenue increased by ¥680.513B (35%) compared to the previous period. The operating income in 2021 increased by ¥130.627B (378%). The net income as per the annual report was 92.17B which increased by ¥73.164B (385%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.61T1.93T
Gross Profit844.33B666.04B
Operating Income165.21B34.58B
Income Before Tax158.2B56.07B
Net Income92.17B19.01B

Balance Sheet - 0857 2021 Annual Report

Read further: 0857 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of PetroChina Company Limited showed the company increased the cash on balance sheet by ¥18.158B (15%). The Net tangible assets of 0857 on the balance sheet were at 1.23T which is ¥48.038B (4%) more than previous annual report. The total stockholder equity also increased by ¥48.403B (4%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash136.79B118.63B
Total Assets2.5T 2.49T
Long Term Debt287.18B251.38B
Total Liabilities1.09T 1.12T
Total Shareholder Equity1.26T1.22T
Net Tangible Assets1.23T1.19T

Cash Flow Statement - 0857 2021 Annual Report

The 2021 annual cash flow statement of PetroChina Company Limited showed that the net income increased by ¥73.164B (385%) compared to previous reporting period. Also the capital expenditure of 0857 decreased by ¥-13.241B (-5%).

As of 2021, the total cash from investing activities was -213.03B and total cash from financing activities was -107.97B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income92.17B19.01B
Capital Expenditures-261.62B-248.38B
Dividends Paid-39.87B-28.08B
Total Cash From From Investing Activities-213.03B-181.99B
Total Cash From From Financing Activities-107.97B-99.4B

PetroChina Company Limited Annual Report History

Income Statement

Income Statement history of PetroChina Company Limited (HKEX:0857)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue2.61T1.93T2.52T2.37T
Cost Of Revenue1.77T1.27T1.7T1.55T
Gross Profit844.33B666.04B818.98B821.15B
Research Development----
Selling General Administrative212.64B211.95B222.91B218.87B
Non Recurring----
Other Operating Expenses217.98B187.76B228.26B211.58B
Total Operating Expenses2.45T1.9T2.39T2.23T
Operating Income165.21B34.58B123.62B149.77B
Total Other Income Expense Net-7B21.49B-20.41B-33B
Ebit165.21B34.58B123.62B149.77B
Interest Expense-19.74B-26.53B-30.41B-22.72B
Income Before Tax158.2B56.07B103.21B116.77B
Income Tax Expense43.51B22.59B36.2B42.79B
Minority Interest145.31B151.46B214.15B195.11B
Net Income From Continuing Ops114.7B33.48B67.02B73.98B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income92.17B19.01B45.68B53.04B
Net Income Applicable To Common Shares92.17B19.01B45.68B53.04B

Balance Sheet Statement

Balance Sheet Statement history of PetroChina Company Limited (HKEX:0857)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash136.79B118.63B86.41B85.95B
Short Term Investments30.72B35.4B24.26B9.54B
Net Receivables106.58B88.37B90.86B91.6B
Inventory143.85B128.54B181.92B177.58B
Other Current Assets62.9B115.83B83.11B72.51B
Total Current Assets480.84B486.77B466.91B438.24B
Long Term Investments275.02B260.62B103.11B93.2B
Property Plant Equipment1.67T1.66T2.04T1.71T
Good Will7.99B8.12B42.81B42.27B
Intangible Assets21.02B20.52B19.58B18.26B
Other Assets49.5B50.22B62.53B139.52B
Deferred Long Term Asset Charges12.16B11.36B24.26B23.5B
Total Assets2.5T2.49T2.73T2.44T
Accounts Payable144.42B113.12B148.34B123.07B
Short Long Term Debt13.27B75.19B85.34B75.37B
Other Current Liab235.33B295.5B255.15B237.48B
Long Term Debt287.18B251.38B290.88B269.42B
Other Liab164.84B142.06B172.16B166.13B
Minority Interest145.31B151.46B214.15B195.11B
Total Current Liabilities518.16B605.42B661.42B596.43B
Total Liab1.09T1.12T1.29T1.03T
Common Stock183.02B183.02B183.02B183.02B
Retained Earnings983.95B931.51B940.41B925.41B
Treasury Stock-36.72B-32.68B-26.58B105.35B
Capital Surplus133.31B133.31B133.31B-
Other Stockholder Equity-36.72B-32.68B-26.58B105.35B
Total Stockholder Equity1.26T1.22T1.23T1.21T
Net Tangible Assets1.23T1.19T1.17T1.15T

Cash Flow Statement

Cash Flow Statement history of PetroChina Company Limited (HKEX:0857)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income92.17B19.01B45.68B53.04B
Depreciation236.82B221.35B232.31B230.79B
Change To Netincome47.38B2.43B50.5B63.4B
Change To Account Receivables-8.27B14.75B-5.02B-9.28B
Change To Liabilities-10.74B17.4B41.76B50.02B
Change To Inventory-15.89B43.65B-5.62B-34.7B
Total Cash From Operating Activities341.47B318.57B359.61B353.26B
Capital Expenditures-261.62B-248.38B-319.69B-267.31B
Investments-582M-16.61B-16.25B-2.22B
Other Cashflows From Investing Activities50.37B87.11B4.41B4.77B
Total Cashflows From Investing Activities-213.03B-181.99B-332.95B-267.81B
Dividends Paid-39.87B-28.08B-30.28B-13.84B
Net Borrowings-39.36B-40.96B33.08B-65.86B
Other Cashflows From Financing Activities-28.75B-30.36B-29.68B-32.47B
Total Cash From Financing Activities-107.97B-99.4B-27.28B-125.7B
Effect Of Exchange Rate-2.31B-4.97B1.07B2.51B
Change In Cash18.16B32.22B455M-37.75B