China Petroleum & Chemical Corporation (SINOPEC CORP) released its unaudited interim report on June 30, 2024. The report shows that the company's revenue reached 1,576.131 billion RMB, with a net profit attributable to shareholders of 357.03 billion RMB, and basic and diluted earnings per share of 0.296 RMB. The net cash flow from operating activities was 42,269 billion RMB. The total assets amounted to 2,141.936 billion RMB, total liabilities were 1,155.591 billion RMB, and the shareholders' equity was 828.14 billion RMB. The company proposed a cash dividend of 0.146 RMB per share for the first half of 2024. Key investment projects include the Tianjin LNG project, Yizheng Chemical Fiber PTA project, and Zhenhai Refining & Chemical expansion project. The company faces risks such as macroeconomic changes, industry cycles, government policies, environmental regulations...Show More

China Petroleum & Chemical Corporation (SINOPEC CORP) released its unaudited interim report on June 30, 2024. The report shows that the company's revenue reached 1,576.131 billion RMB, with a net profit attributable to shareholders of 357.03 billion RMB, and basic and diluted earnings per share of 0.296 RMB. The net cash flow from operating activities was 42,269 billion RMB. The total assets amounted to 2,141.936 billion RMB, total liabilities were 1,155.591 billion RMB, and the shareholders' equity was 828.14 billion RMB. The company proposed a cash dividend of 0.146 RMB per share for the first half of 2024. Key investment projects include the Tianjin LNG project, Yizheng Chemical Fiber PTA project, and Zhenhai Refining & Chemical expansion project. The company faces risks such as macroeconomic changes, industry cycles, government policies, environmental regulations, new oil & gas resource acquisition, crude oil imports, production operations, overseas business expansion, exchange rates, and cybersecurity. Major subsidiaries include Sinopec Sales Co., Ltd. and China International United Petroleum & Chemicals Co., Ltd., both making significant contributions to the net profit. As of June 30, 2024, the number of shareholders was 384,213, with the state-owned enterprise China Petrochemical Corporation being the largest shareholder. The company issued various bonds in the interbank bond market, including medium-term notes and ultra-short-term financing bonds. It also disclosed the required information in compliance with the corporate governance rules of the Shanghai Stock Exchange and Hong Kong Stock Exchange.