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

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China Petroleum & Chemical Corp : Fu Chengyu: "Thrift" Is the Greatest Resource

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03/13/2013 | 10:43am CET

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 2017 2 144 B
EBIT 2017 81 335 M
Net income 2017 52 550 M
Debt 2017 22 904 M
Yield 2017 3,88%
P/E ratio 2017 13,85
P/E ratio 2018 12,67
EV / Sales 2017 0,33x
EV / Sales 2018 0,30x
Capitalization 692 B
Chart CHINA PETROLEUM & CHEMICAL
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China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 6,97  CNY
Spread / Average Target 16%
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Managers
NameTitle
Hou Liang Dai Chairman & President
Dong Zhao Chairman-Supervisory Board
De Hua Wang Chief Financial Officer
Zhi Gang Wang Executive Director & Senior Vice President
Hai Chao Zhang Executive Director & Senior Vice President
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