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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 : 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 2018 2 484 B
EBIT 2018 100 B
Net income 2018 67 215 M
Finance 2018 5 967 M
Yield 2018 5,34%
P/E ratio 2018 12,39
P/E ratio 2019 11,82
EV / Sales 2018 0,33x
EV / Sales 2019 0,29x
Capitalization 819 B
Chart CHINA PETROLEUM & CHEMICAL
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China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
Technical analysis trends CHINA PETROLEUM & CHEMICAL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 7,65  CNY
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Hou Liang Dai 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 CORP13.21%129 957
EXXON MOBIL CORPORATION-4.87%337 042
BP2.09%145 070
RELIANCE INDUSTRIES5.60%88 939
SUNCOR ENERGY INC.5.66%62 264
PHILLIPS 667.99%51 972