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 | 2011 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $393642.7993 | $289273.1184 | $196781.1076 |
| Gross Profit | $72391.20870000002 | $65121.53759999998 | $51876.9559 |
| Operating Income | $16578.763 | $15876.6048 | $12352.2553 |
| Net Income | $11503.6475 | $10856.16 | $9035.488 |
| Diluted EPS | $12.73 | $12.4 | $10.39 |
| Cash Flow (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Cash at the beginning of the year | $2571.6096 | $1280.125 | $1013.7132 |
| Net Operating Cash | $23662.717 | $25754.35 | $22248.572 |
| Net Investing Cash | $-22064.537 | $-15995.1455 | $-16976.506 |
| Net Financing Cash | $-395.2636 | $-8511.652 | $-5017.2124 |
| Net Change in Cash | $1202.9147 | $1247.5511 | $254.8546 |
| Cash at end of the year | $3872.0437 | $2571.6096 | $1280.125 |
| Capital Expenditure | $-20695.883 | $-17200.965 | $-16600.516 |
| Assets (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Assets | |||
| Cash | $3872.0437 | $2571.6096 | $1280.125 |
| Net Receivables | $13617.742 | $8927.302 | $4199.1025 |
| Inventories | $31956.81 | $23669.756 | $20717.69 |
| Other Income Assets | $4400.214 | $4177.9585 | $3250.3472 |
| Asset Summary | |||
| Total Current Assets | $53846.81 | $39346.625 | $29447.264 |
| Net Fixed Assets | $106395.5 | $95301.21 | $85580.82 |
| Other Noncurrent Assets | $19563.035 | $15819.451 | $13400.202 |
| Total Assets | $179805.34 | $150467.28 | $128428.28 |
| Liabilities (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $27807.014 | $20038.234 | $14300.679 |
| Short Term Debt | $12626.599 | $5417.1934 | $10612.748 |
| Other Current Liabilities | $29356.492 | $25409.16 | $20939.773 |
| Liability Summary | |||
| Total Current Liabilities | $69790.1 | $50864.586 | $45853.2 |
| Long Term Debt | $24265.195 | $26320.14 | $21334.637 |
| Other Noncurrent Liabilities | $11547.321 | $9922.651 | $6281.244 |
| Total Liabilities | $105602.62 | $87107.375 | $73469.08 |
| Stakeholder's Equity (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Equity | |||
| Preferred Stock Equity | $ | $ | $ |
| Common Stock Equity | $74202.73 | $63359.906 | $54959.203 |
| Equity Summary | |||
| Total Equity | $74202.73 | $63359.906 | $54959.203 |
| Shares Outstanding | 867.03 | 867.03 | 867.02 |