China Petroleum and Chemical Corporation (Sinopec Corp.) is China's largest producer and supplier of refined oil products and its second-largest crude oil producer. It is also China's largest petrochemicals producer and distributor and the world's fourth-largest ethylene producer. Operations include oil and gas exploration and production; crude oil processing; oil products trading, transportation, distribution, and marketing; and petrochemicals manufacturing. In 2010 it reported proved reserves of 2.9 billion barrels of oil and 6.5 trillion cu. ft. of natural gas; it also owns more than 29,600 gas stations and 34 refineries. China's government controls about 76% of the company through Sinopec Group.
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| Income Statement | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|
| Revenue | $441030.9235 | $393642.7993 | $289273.1184 | $196781.1076 | $219206.4337 |
| Gross Profit | $74292.24789999996 | $72391.20870000002 | $63465.14159999997 | $50334.2224 | $30489.890199999994 |
| Operating Income | $15618.1946 | $16578.763 | $15876.6048 | $12352.2553 | $4103.1457 |
| Net Income | $10112.0457 | $11503.6475 | $10856.16 | $9035.488 | $4343.2971 |
| Diluted EPS | $8.65 | $9.79 | $9.54 | $7.99 | $3.37 |
| Cash Flow (mil) | 2012 | 2011 | 2010 |
|---|---|---|---|
| Cash at the beginning of the year | $3958.4487 | $2742.768 | $1460.9518 |
| Net Operating Cash | $22538.754 | $23662.717 | $25754.35 |
| Net Investing Cash | $-25675.785 | $-22064.537 | $-15995.1455 |
| Net Financing Cash | $890.9124 | $-395.2636 | $-8511.652 |
| Net Change in Cash | $-2246.1187 | $1202.9147 | $1247.5511 |
| Cash at end of the year | $1719.7712 | $3958.4487 | $2742.768 |
| Capital Expenditure | $-23058.453 | $-22348.104 | $-17200.965 |
| Assets (mil) | 2012 | 2011 | 2010 |
|---|---|---|---|
| Current Assets | |||
| Cash | $1719.7712 | $3958.4487 | $2742.768 |
| Net Receivables | $16057.952 | $13617.742 | $8927.302 |
| Inventories | $34550.875 | $31956.81 | $23669.756 |
| Other Income Assets | $5453.277 | $4313.809 | $4006.8 |
| Asset Summary | |||
| Total Current Assets | $57781.875 | $53846.81 | $39346.625 |
| Net Fixed Assets | $119982.85 | $106395.5 | $95301.21 |
| Other Noncurrent Assets | $22752.775 | $19563.035 | $15819.451 |
| Total Assets | $200517.5 | $179805.34 | $150467.28 |
| Liabilities (mil) | 2012 | 2011 | 2010 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $34133.914 | $28739.088 | $20615.516 |
| Short Term Debt | $11565.873 | $10717.99 | $2573.2727 |
| Other Current Liabilities | $35567.16 | $30333.025 | $27675.799 |
| Liability Summary | |||
| Total Current Liabilities | $81266.945 | $69790.1 | $50864.586 |
| Long Term Debt | $19711.2 | $24265.195 | $20633.508 |
| Other Noncurrent Liabilities | $18661.67 | $11547.321 | $15609.283 |
| Total Liabilities | $119639.81 | $105602.62 | $87107.375 |
| Stakeholder's Equity (mil) | 2012 | 2011 | 2010 |
|---|---|---|---|
| Equity | |||
| Preferred Stock Equity | $ | $ | $ |
| Common Stock Equity | $80877.69 | $74202.73 | $63359.906 |
| Equity Summary | |||
| Total Equity | $80877.69 | $74202.73 | $63359.906 |
| Shares Outstanding | 988.58 | 987.29 | 987.29 |