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

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4.81 CNY   +0.21%
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China Petroleum & Chemical Corp : Fu Chengyu: "Thrift" Is the Greatest Resource

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03/13/2013 | 10:43am CEST

Fu Chengyu, Member of the CPPCC National Committee, Chairman of Sinopec, commented during the panel discussion on the Work Report of the Government on March 5 that currently both the national economy and Sinopec itself are facing the challenges of environment and energy security, which cannot be bypassed. The data of the National Development Reform Commission show that in 2012, China's production of crude oil was 207.48 million tons, an increase of 1.9%; its import of crude oil was 271.09 million tons, an increase of 7.3%; and the apparent consumption of crude oil was 476.13 million tons, an increase of 4.9% over the previous year, showing a dependency rate of 56.4 %. In this regard, Fu Chengyu said: In addition to vigorously developing new energy sources, our greatest resource is actually thrift. If the current energy conversion efficiency is increased by 30%, the energy demanded for achieving the goal of doubling GDP will be met.

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Financials ( CNY)
Sales 2016 2 038 071 M
EBIT 2016 63 414 M
Net income 2016 36 751 M
Debt 2016 169 083 M
Yield 2016 3,09%
P/E ratio 2016 15,40
P/E ratio 2017 12,19
EV / Sales 2016 0,37x
EV / Sales 2017 0,32x
Capitalization 576 705 M
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China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 5,95  CNY
Spread / Average Target 24%
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NameTitle
Hou Liang Dai Vice Chairman & President
Bin Xu Chairman-Supervisory Board
Yu Pu Wang Chairman
Ke Hua Zhang Vice President & Director General-Engineering
Tian Pu Wang Non-Executive Director
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