China Petroleum & Chemical Corporation (SNPMF)

SNPMF Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,015,321	3,146,873	3,257,356	2,679,500	2,049,456
Other Revenue	57,785	63,990	59,590	59,990	55,441
Revenue	3,073,106	3,210,863	3,316,946	2,739,490	2,104,897
Revenue Growth (YoY)	-4.29%	-3.20%	21.08%	30.15%	-28.85%
Cost of Revenue	2,449,614	2,569,412	2,684,756	2,076,665	1,594,130
Gross Profit	623,492	641,451	632,190	662,825	510,767
Selling, General & Admin	167,734	167,592	159,394	158,470	141,321
Other Operating Expenses	253,273	262,828	271,157	266,257	233,714
Operating Expenses	551,341	555,757	552,718	555,100	496,455
Operating Income	72,151	85,694	79,472	107,725	14,312
Interest Expense	-18,601	-18,069	-16,769	-15,018	-15,194
Interest & Investment Income	6,604	7,657	20,326	6,030	42,547
Earnings From Equity Investments	8,961	6,199	14,479	23,253	6,712
Currency Exchange Gain (Loss)	1,492	1,319	529	276	885
EBT Excluding Unusual Items	70,607	82,800	98,037	122,266	49,262
Gain (Loss) on Sale of Investments	-	-	-	-	-1,955
Gain (Loss) on Sale of Assets	810	2,995	-722	-3,062	398
Asset Writedown	-2,275	-1,861	-2,915	-10,035	-7,866
Other Unusual Items	-	-	-	-	8,304
Pretax Income	69,142	83,934	94,400	109,169	48,143
Income Tax Expense	12,966	16,070	17,901	23,318	6,219
Earnings From Continuing Operations	56,176	67,864	76,499	85,851	41,924
Minority Interest in Earnings	-7,237	-9,554	-9,566	-13,876	-8,828
Net Income	48,939	58,310	66,933	71,975	33,096
Net Income to Common	48,939	58,310	66,933	71,975	33,096
Net Income Growth	-16.07%	-12.88%	-7.00%	117.47%	-42.44%
Shares Outstanding (Basic)	121,138	119,811	120,889	121,071	121,071
Shares Outstanding (Diluted)	121,138	119,811	120,889	121,071	121,071
Shares Change (YoY)	1.11%	-0.89%	-0.15%	-	-
EPS (Basic)	0.40	0.49	0.55	0.59	0.27
EPS (Diluted)	0.40	0.49	0.55	0.59	0.27
EPS Growth	-16.99%	-12.10%	-6.79%	117.58%	-42.51%
Free Cash Flow	10,154	-10,018	-56,258	80,253	36,329
Free Cash Flow Per Share	0.08	-0.08	-0.47	0.66	0.30
Dividend Per Share	0.286	0.345	0.355	0.470	0.130
Dividend Growth	-17.10%	-2.82%	-24.47%	261.54%	-58.06%
Gross Margin	20.29%	19.98%	19.06%	24.20%	24.27%
Operating Margin	2.35%	2.67%	2.40%	3.93%	0.68%
Profit Margin	1.59%	1.82%	2.02%	2.63%	1.57%
Free Cash Flow Margin	0.33%	-0.31%	-1.70%	2.93%	1.73%
EBITDA	173,221	181,666	174,568	206,576	110,415
EBITDA Margin	5.64%	5.66%	5.26%	7.54%	5.25%
D&A For EBITDA	101,070	95,972	95,096	98,851	96,103
EBIT	72,151	85,694	79,472	107,725	14,312
EBIT Margin	2.35%	2.67%	2.40%	3.93%	0.68%
Effective Tax Rate	18.75%	19.15%	18.96%	21.36%	12.92%
Revenue as Reported	3,074,562	3,212,215	3,318,168	2,740,884	2,105,984

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.