CHU Balance Sheet - China Petroleum & Chemical Corp

Watchlist Manager

Watchlist

Price: 0.5396 EUR Market Closed

Market Cap: €64.7B

Financial profile · Q3 FY2026

An integrated energy producer with cyclical earnings and capital-intensive cash flows

Sinopec’s large integrated oil and chemicals model produces revenue at scale, but earnings remain sensitive to crude prices, refining spreads, and product mix. Its capital-heavy operations and working-capital swings make free cash flow more variable than operating cash generation.

What is developing

Recent results show a meaningful recovery in profitability and cash generation, but do not establish a change in the underlying cycle-sensitive, capital-intensive model.

What matters next

Whether operating cash generation continues to cover capital spending as refining spreads and working-capital needs fluctuate.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	142.5B	165B	167B	128.1B	184.4B	222B	145.1B	165B	146.8B	152.3B
Cash	142.5B	165B	167B	128.1B	184.4B	222B	—	165B	146.8B	152.3B
Cash Equivalents	—	—	—	—	—	—	145.1B	—	—	—
Short-Term Investments	—	51.2B	25.7B	3.3B	1m	—	2m	3m	4m	4m
Total Receivables	89.1B	101.2B	90.2B	87.2B	77.9B	76.5B	76.9B	77B	79.1B	94.5B
Accounts Receivables	50.3B	68.5B	57B	54.4B	35.6B	34.9B	46.4B	48.7B	44.3B	51.2B
Other Receivables	38.8B	32.7B	33.2B	32.9B	42.3B	41.6B	30.5B	28.3B	34.7B	43.4B
Inventory	156.5B	186.7B	184.6B	194.1B	151.9B	207.4B	244.2B	250.9B	256.6B	230.8B
Other Current Assets	24.2B	25B	36.6B	34.6B	41.2B	52.1B	57B	41.6B	42B	45.1B
Total Current Assets	412.3B	529B	504.1B	447.3B	455.4B	558B	523.1B	534.4B	524.5B	522.7B
PP&E Net	820.2B	769.4B	754.7B	997.6B	903.6B	939.8B	1T	1T	1.1T	1.1T
PP&E Gross	820.2B	769.4B	754.7B	997.6B	903.6B	939.8B	1T	1T	1.1T	1.1T
Accumulated Depreciation	(969.6B)	(1.1T)	(1.2T)	(1.3T)	(1.3T)	(1.4T)	(1.5T)	(1.6T)	(1.7T)	(1.8T)
Intangible Assets	85B	97.1B	103.9B	109B	114.1B	119.2B	120.7B	138.2B	138B	148.3B
Goodwill	6.4B	8.6B	8.7B	8.7B	8.6B	8.6B	6.5B	6.5B	6.5B	5.5B
Long-Term Investments	128.2B	132.8B	147.2B	153.7B	189.9B	209.9B	234.7B	235.1B	247.2B	259.3B
Other Long-Term Assets	46.6B	58.5B	73.8B	43.9B	62.3B	53.6B	61B	66.9B	78.4B	90.3B
Other Assets	6.4B	8.6B	8.7B	8.7B	8.6B	8.6B	6.5B	6.5B	6.5B	5.5B
Total Assets	1.5T	1.6T	1.6T	1.8T	1.7T	1.9T	2T	2T	2.1T	2.2T
Accounts Payable	174.3B	200.1B	186.3B	188.2B	151.3B	203.9B	258.6B	259B	256.6B	263.5B
Accrued Liabilities	48.5B	66.1B	88.3B	71.1B	77.3B	90.5B	56.4B	73.3B	64.3B	57.2B
Short-Term Debt	42.2B	61.2B	51.1B	43B	31.2B	39.1B	32.1B	59.8B	48.2B	29.5B
Current Portion of Long-Term Debt	39B	26.7B	17.5B	69.5B	22.5B	25.9B	61B	28.7B	62.1B	108.9B
Other Current Liabilities	181.6B	225.4B	221.9B	208.2B	239.9B	281.8B	259.2B	226.2B	242B	239.5B
Deferred Revenue	95.9B	120.7B	124.8B	126.8B	126.2B	124.6B	125.4B	127.2B	127.7B	126.4B
Total Current Liabilities	485.5B	579.4B	565.1B	580B	522.2B	641.3B	667.4B	647.1B	673.2B	698.6B
Long-Term Debt	117.4B	99.1B	93.5B	236.5B	256.1B	262.2B	274.4B	351.7B	365.4B	392.7B
Deferred Income Tax	7.7B	6.5B	5.9B	6.8B	8.1B	7.9B	7.3B	7.8B	7.3B	6.4B
Minority Interest	120.3B	126.8B	139.3B	138.4B	141.4B	140.9B	152B	152.9B	156.4B	159.4B
Other Liabilities	55.4B	56.4B	70.1B	58.6B	63.5B	61.8B	61.7B	61.4B	62.5B	68.2B
Total Liabilities	786.4B	868.3B	874B	1T	991.3B	1.1T	1.2T	1.2T	1.3T	1.3T
Common Stock	121.1B	121.1B	121.1B	121.1B	121.1B	121.1B	119.9B	119.3B	121.3B	120.9B
Retained Earnings	472.6B	491B	484.9B	496.4B	497.8B	534.5B	546.6B	566.1B	574.3B	577.9B
Additional Paid In Capital	119.5B	119.6B	119.2B	122.9B	122.6B	120.2B	118.9B	117.3B	125.4B	124.8B
Unrealized Security Profit/Loss	—	—	—	—	—	—	(4.2B)	(8.5B)	(11.6B)	(2B)
Treasury Stock	—	—	—	—	—	—	—	—	(1m)	—
Other Equity	(932m)	(4.4B)	(6.8B)	(321m)	1B	(690m)	7.3B	11.6B	10.6B	8.7B
Total Equity	712.2B	727.2B	718.4B	740B	742.5B	775.1B	788.5B	805.8B	819.9B	830.3B
Total Liabilities & Equity	1.5T	1.6T	1.6T	1.8T	1.7T	1.9T	2T	2T	2.1T	2.2T
Common Shares Outstanding	121.1B	121.1B	121.1B	121.1B	121.1B	121.1B	119.9B	119.3B	121.3B	120.9B