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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Petroleum & Chemical Corp    600028   CNE0000018G1

CHINA PETROLEUM & CHEMICAL CORP (600028)
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China Petroleum & Chemical Corp : China's biofuel test flight successful

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04/25/2013 | 08:20am CEST


Beijing, April 24 - Sinopec, China's top oil refiner, Wednesday announced the success of the first test flight powered by the company's newly developed aviation biofuel product.

An Airbus A320 owned by China Eastern Airlines landed at Shanghai Hongqiao International Airport at 7.08 a.m. Wednesday after completing an 85-minute flight using Sinopec's
aviation biofuel, reported Xinhua citing the company.

The biofuel made of palm oil and recycled cooking oil was produced by Sinopec Zhenhai Refining and Chemical Company.

The biofuel produced enough power during the test flight and "was no different from traditional fuels", according to Sinopec, citing statements from the pilot.

China is now the fourth country in the world to have developed
aviation biofuel, following the US, France and Finland, the company said.


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Financials ( CNY)
Sales 2018 2 553 B
EBIT 2018 108 B
Net income 2018 68 741 M
Debt 2018 24 642 M
Yield 2018 5,63%
P/E ratio 2018 12,30
P/E ratio 2019 11,80
EV / Sales 2018 0,35x
EV / Sales 2019 0,33x
Capitalization 865 B
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China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
Technical analysis trends CHINA PETROLEUM & CHEMICAL
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TrendsBullishNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8,03  CNY
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Hou Liang Dai Vice Chairman & President
Dong Zhao Chairman-Supervisory Board
De Hua Wang Chief Financial Officer
Fang Zheng Jiao Executive Director & Senior Vice President
Zhen Ying Jiang Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CHINA PETROLEUM & CHEMICAL CORP18.60%135 680
EXXON MOBIL CORPORATION-1.63%344 211
BP12.17%157 545
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PHILLIPS 6620.06%56 113