China Petroleum & Chemical Corporation (SHA: 600028)

China Petroleum & Chemical Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,047,632	3,146,873	3,257,356	2,679,500	2,049,456	2,899,682
Other Revenue	59,831	63,990	59,590	59,990	55,441	58,886
Revenue	3,107,463	3,210,863	3,316,946	2,739,490	2,104,897	2,958,568
Revenue Growth (YoY)	-6.78%	-3.20%	21.08%	30.15%	-28.85%	2.37%
Cost of Revenue	2,486,081	2,569,412	2,684,756	2,076,665	1,594,130	2,370,699
Gross Profit	621,382	641,451	632,190	662,825	510,767	587,869
Selling, General & Admin	163,961	167,592	159,394	158,470	141,321	138,181
Other Operating Expenses	257,064	262,828	271,157	266,257	233,714	248,106
Operating Expenses	551,384	555,757	552,718	555,100	496,455	505,969
Operating Income	69,998	85,694	79,472	107,725	14,312	81,900
Interest Expense	-18,818	-18,069	-16,769	-15,018	-15,194	-17,088
Interest & Investment Income	7,720	7,657	20,326	6,030	42,547	8,129
Earnings From Equity Investments	9,809	6,199	14,479	23,253	6,712	12,777
Currency Exchange Gain (Loss)	445	1,319	529	276	885	-170
EBT Excluding Unusual Items	69,154	82,800	98,037	122,266	49,262	85,548
Gain (Loss) on Sale of Investments	-	-	-	-	-1,955	-
Gain (Loss) on Sale of Assets	2,995	2,995	-722	-3,062	398	-1,829
Asset Writedown	-1,861	-1,861	-2,915	-10,035	-7,866	-345
Other Unusual Items	-	-	-	-	8,304	6,648
Pretax Income	70,288	83,934	94,400	109,169	48,143	90,022
Income Tax Expense	13,670	16,070	17,901	23,318	6,219	17,939
Earnings From Continuing Operations	56,618	67,864	76,499	85,851	41,924	72,083
Minority Interest in Earnings	-7,258	-9,554	-9,566	-13,876	-8,828	-14,590
Net Income	49,360	58,310	66,933	71,975	33,096	57,493
Net Income to Common	49,360	58,310	66,933	71,975	33,096	57,493
Net Income Growth	-21.80%	-12.88%	-7.01%	117.47%	-42.43%	-6.69%
Shares Outstanding (Basic)	120,614	119,811	120,889	121,071	121,071	121,071
Shares Outstanding (Diluted)	120,614	119,811	120,889	121,071	121,071	121,071
Shares Change (YoY)	0.52%	-0.89%	-0.15%	-	-	-
EPS (Basic)	0.41	0.49	0.55	0.59	0.27	0.47
EPS (Diluted)	0.41	0.49	0.55	0.59	0.27	0.47
EPS Growth	-22.21%	-12.10%	-6.79%	117.58%	-42.51%	-6.69%
Free Cash Flow	25,419	-10,018	-56,258	80,253	36,329	12,065
Free Cash Flow Per Share	0.21	-0.08	-0.47	0.66	0.30	0.10
Dividend Per Share	0.346	0.345	0.355	0.470	0.130	0.310
Dividend Growth	1.76%	-2.82%	-24.47%	261.54%	-58.06%	-26.19%
Gross Margin	20.00%	19.98%	19.06%	24.20%	24.27%	19.87%
Operating Margin	2.25%	2.67%	2.40%	3.93%	0.68%	2.77%
Profit Margin	1.59%	1.82%	2.02%	2.63%	1.57%	1.94%
Free Cash Flow Margin	0.82%	-0.31%	-1.70%	2.93%	1.73%	0.41%
EBITDA	172,087	181,666	174,568	206,576	110,415	176,098
EBITDA Margin	5.54%	5.66%	5.26%	7.54%	5.25%	5.95%
D&A For EBITDA	102,089	95,972	95,096	98,851	96,103	94,198
EBIT	69,998	85,694	79,472	107,725	14,312	81,900
EBIT Margin	2.25%	2.67%	2.40%	3.93%	0.68%	2.77%
Effective Tax Rate	19.45%	19.15%	18.96%	21.36%	12.92%	19.93%
Revenue as Reported	3,108,815	3,212,215	3,318,168	2,740,884	2,105,984	2,959,799

Source: S&P Capital IQ. Standard template. Financial Sources.