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    386   CNE1000002Q2

CHINA PETROLEUM & CHEMICAL CORPORATION

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Sinopec Corp Nine-Month Net Profit Surged on Demand, Prices

10/28/2021 | 06:11am EST

By Yi Wei Wong

China Petroleum & Chemical Corp. reported Thursday that its net profit for the first nine months of the year more than doubled, helped by rising oil demand and prices, it said in a filing to Shanghai Stock Exchange.

The Chinese oil major, better known as Sinopec, said its net profit was 59.89 billion Chinese yuan ($9.37 billion) in the period, compared with CNY23.51 billion in the same period last year. Operating income rose 29% to CNY2.003 trillion.

Prices of oil rose sharply over the first nine months of the year, while domestic demand for natural gas has remained firm, it said.

Write to Yi Wei Wong at yiwei.wong@wsj.com

(END) Dow Jones Newswires

10-28-21 0610ET

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Financials
Sales 2021 2 683 B 421 B 421 B
Net income 2021 76 547 M 12 006 M 12 006 M
Net cash 2021 52 878 M 8 294 M 8 294 M
P/E ratio 2021 4,76x
Yield 2021 12,1%
Capitalization 478 B 74 956 M 74 962 M
EV / Sales 2021 0,16x
EV / Sales 2022 0,16x
Nbr of Employees 384 065
Free-Float 31,3%
Chart CHINA PETROLEUM & CHEMICAL CORPORATION
Duration : Period :
China Petroleum & Chemical Corporation Technical Analysis Chart | 386 | CNE1000002Q2 | MarketScreener
Technical analysis trends CHINA PETROLEUM & CHEMICAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 3,00 CNY
Average target price 4,35 CNY
Spread / Average Target 44,8%
EPS Revisions
Managers and Directors
Yong Sheng Ma Chairman & President
Dong Hua Shou Chief Financial Officer
Shao Feng Zhang Chairman-Supervisory Board
Hong Bin Cai Independent Non-Executive Director
Ming Jian Bi Independent Non-Executive Director
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