China Petroleum & Chemical Corp Class A (600028) - Net Assets

Latest as of December 2025: CN¥989.77 Billion CNY ≈ $144.83 Billion USD

Based on the latest financial reports, China Petroleum & Chemical Corp Class A (600028) has net assets worth CN¥989.77 Billion CNY (≈ $144.83 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.22 Trillion ≈ $324.65 Billion USD) and total liabilities (CN¥1.23 Trillion ≈ $179.82 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore 600028 cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥989.77 Billion
% of Total Assets	44.61%
Annual Growth Rate	8.01%
5-Year Change	8.16%
10-Year Change	19.07%
Growth Volatility	5.96

China Petroleum & Chemical Corp Class A - Net Assets Trend (2000–2025)

This chart illustrates how China Petroleum & Chemical Corp Class A's net assets have evolved over time, based on quarterly financial data. Explore China Petroleum & Chemical Corp Class A strategic investment ratio to see how much of total assets are deployed in long-term investments.

Annual Net Assets for China Petroleum & Chemical Corp Class A (2000–2025)

The table below shows the annual net assets of China Petroleum & Chemical Corp Class A from 2000 to 2025. For live valuation and market cap data, see China Petroleum & Chemical Corp Class A (600028) total market value.

Year	Net Assets	Change
2025-12-31	CN¥989.77 Billion ≈ $144.83 Billion	+1.81%
2024-12-31	CN¥972.15 Billion ≈ $142.26 Billion	+1.71%
2023-12-31	CN¥955.81 Billion ≈ $139.86 Billion	+1.73%
2022-12-31	CN¥939.54 Billion ≈ $137.48 Billion	+2.67%
2021-12-31	CN¥915.07 Billion ≈ $133.90 Billion	+3.08%
2020-12-31	CN¥887.70 Billion ≈ $129.90 Billion	+1.19%
2019-12-31	CN¥877.30 Billion ≈ $128.38 Billion	+2.42%
2018-12-31	CN¥856.53 Billion ≈ $125.34 Billion	+0.43%
2017-12-31	CN¥852.89 Billion ≈ $124.80 Billion	+2.61%
2016-12-31	CN¥831.24 Billion ≈ $121.64 Billion	+5.47%
2015-12-31	CN¥788.16 Billion ≈ $115.33 Billion	+22.09%
2014-12-31	CN¥645.58 Billion ≈ $94.47 Billion	+3.85%
2013-12-31	CN¥621.63 Billion ≈ $90.96 Billion	+13.43%
2012-12-31	CN¥548.04 Billion ≈ $80.19 Billion	+8.02%
2011-12-31	CN¥507.34 Billion ≈ $74.24 Billion	+12.48%
2010-12-31	CN¥451.04 Billion ≈ $66.00 Billion	+11.42%
2009-12-31	CN¥404.82 Billion ≈ $59.24 Billion	+16.15%
2008-12-31	CN¥348.54 Billion ≈ $51.00 Billion	+6.80%
2007-12-31	CN¥326.35 Billion ≈ $47.75 Billion	+15.81%
2006-12-31	CN¥281.80 Billion ≈ $41.24 Billion	+15.02%
2005-12-31	CN¥245.01 Billion ≈ $35.85 Billion	+12.61%
2004-12-31	CN¥217.57 Billion ≈ $31.84 Billion	+15.10%
2003-12-31	CN¥189.02 Billion ≈ $27.66 Billion	+7.51%
2002-12-31	CN¥175.83 Billion ≈ $25.73 Billion	+8.24%
2001-12-31	CN¥162.45 Billion ≈ $23.77 Billion	+12.74%
2000-12-31	CN¥144.09 Billion ≈ $21.09 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Petroleum & Chemical Corp Class A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 5446.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥344.56 Billion	41.50%
Common Stock	CN¥120.93 Billion	14.56%
Other Comprehensive Income	CN¥364.84 Billion	43.94%
Total Equity	CN¥830.32 Billion	100.00%

China Petroleum & Chemical Corp Class A Competitors by Market Cap

The table below lists competitors of China Petroleum & Chemical Corp Class A ranked by their market capitalization.

Company	Market Cap
Eni S.p.A F:ENI1	$68.82 Billion
Ross Stores Inc NASDAQ:ROST	$69.00 Billion
American Electric Power Co Inc NASDAQ:AEP	$69.16 Billion
Cloudflare Inc NYSE:NET	$69.18 Billion
Warner Bros Discovery Inc NASDAQ:WBD	$67.97 Billion
General Motors Company NYSE:GM	$67.89 Billion
Petróleo Brasileiro S.A. - Petrobras SA:PETR3	$67.86 Billion
Transdigm Group Incorporated NYSE:TDG	$67.05 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Petroleum & Chemical Corp Class A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 815,815,000,000 to 830,324,000,000, a change of 14,509,000,000 (1.8%).
Net income of 31,809,000,000 contributed positively to equity growth.
Dividend payments of 16,974,000,000 reduced retained earnings.
Share repurchases of 1,554,000,000 reduced equity.
Other comprehensive income increased equity by 362,759,000,000.
Other factors decreased equity by 361,531,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥31.81 Billion	+3.83%
Dividends Paid	CN¥16.97 Billion	-2.04%
Share Repurchases	CN¥1.55 Billion	-0.19%
Other Comprehensive Income	CN¥362.76 Billion	+43.69%
Other Changes	CN¥-361.53 Billion	-43.54%
Total Change	CN¥-	1.78%

Book Value vs Market Value Analysis

This analysis compares China Petroleum & Chemical Corp Class A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.70x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 4.35x to 0.70x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	CN¥1.11	CN¥4.82	x
2001-12-31	CN¥1.23	CN¥4.82	x
2002-12-31	CN¥1.35	CN¥4.82	x
2003-12-31	CN¥1.45	CN¥4.82	x
2004-12-31	CN¥1.65	CN¥4.82	x
2005-12-31	CN¥1.91	CN¥4.82	x
2006-12-31	CN¥2.30	CN¥4.82	x
2007-12-31	CN¥2.67	CN¥4.82	x
2008-12-31	CN¥2.87	CN¥4.82	x
2009-12-31	CN¥3.32	CN¥4.82	x
2010-12-31	CN¥3.68	CN¥4.82	x
2011-12-31	CN¥4.05	CN¥4.82	x
2012-12-31	CN¥4.31	CN¥4.82	x
2013-12-31	CN¥4.67	CN¥4.82	x
2014-12-31	CN¥5.06	CN¥4.82	x
2015-12-31	CN¥5.60	CN¥4.82	x
2016-12-31	CN¥5.87	CN¥4.82	x
2017-12-31	CN¥6.00	CN¥4.82	x
2018-12-31	CN¥5.92	CN¥4.82	x
2019-12-31	CN¥6.10	CN¥4.82	x
2020-12-31	CN¥6.16	CN¥4.82	x
2021-12-31	CN¥6.39	CN¥4.82	x
2022-12-31	CN¥6.52	CN¥4.82	x
2023-12-31	CN¥6.70	CN¥4.82	x
2024-12-31	CN¥6.73	CN¥4.82	x
2025-12-31	CN¥6.85	CN¥4.82	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Petroleum & Chemical Corp Class A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 3.83%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.25%
• Asset Turnover: 1.15x
• Equity Multiplier: 2.67x
Recent ROE (3.83%) is below the historical average (10.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	13.37%	4.99%	0.95x	2.82x	CN¥4.07 Billion
2001	10.08%	4.58%	0.85x	2.59x	CN¥114.10 Million
2002	9.31%	4.34%	0.88x	2.43x	CN¥-1.05 Billion
2003	11.67%	4.55%	1.07x	2.39x	CN¥2.72 Billion
2004	17.32%	5.45%	1.29x	2.47x	CN¥13.64 Billion
2005	18.35%	4.95%	1.54x	2.41x	CN¥18.00 Billion
2006	19.53%	4.85%	1.73x	2.32x	CN¥24.73 Billion
2007	18.26%	4.56%	1.68x	2.39x	CN¥24.85 Billion
2008	9.05%	2.04%	1.86x	2.38x	CN¥-3.10 Billion
2009	16.30%	4.59%	1.50x	2.37x	CN¥23.87 Billion
2010	17.11%	3.75%	1.92x	2.37x	CN¥29.84 Billion
2011	15.50%	2.92%	2.19x	2.42x	CN¥25.99 Billion
2012	12.50%	2.29%	2.21x	2.46x	CN¥12.79 Billion
2013	11.63%	2.30%	2.08x	2.43x	CN¥9.25 Billion
2014	7.86%	1.65%	1.95x	2.45x	CN¥-12.67 Billion
2015	4.81%	1.61%	1.40x	2.14x	CN¥-35.11 Billion
2016	6.56%	2.42%	1.29x	2.11x	CN¥-24.43 Billion
2017	7.06%	2.17%	1.48x	2.20x	CN¥-21.37 Billion
2018	8.59%	2.13%	1.82x	2.22x	CN¥-10.11 Billion
2019	7.78%	1.94%	1.68x	2.38x	CN¥-16.40 Billion
2020	4.43%	1.57%	1.21x	2.33x	CN¥-41.54 Billion
2021	9.30%	2.63%	1.45x	2.44x	CN¥-5.44 Billion
2022	8.50%	2.02%	1.70x	2.48x	CN¥-11.83 Billion
2023	7.26%	1.82%	1.59x	2.52x	CN¥-21.99 Billion
2024	6.00%	1.59%	1.48x	2.55x	CN¥-32.64 Billion
2025	3.83%	1.25%	1.15x	2.67x	CN¥-51.22 Billion

Industry Comparison

This section compares China Petroleum & Chemical Corp Class A's net assets metrics with peer companies in the Oil & Gas Integrated industry.

Industry Context

Industry: Oil & Gas Integrated
Average net assets among peers: $349,736,549,132
Average return on equity (ROE) among peers: 18.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Petroleum & Chemical Corp Class A (600028)	CN¥989.77 Billion	13.37%	1.24x	$68.52 Billion
Sichuan Shengda Forestry Industry Co Ltd (002259)	$124.29 Million	40.39%	6.78x	$538.34 Million
Guanghui Energy Co Ltd (600256)	$16.62 Billion	9.61%	1.93x	$6.17 Billion
PetroChina Co Ltd Class A (601857)	$1.38 Trillion	1.65%	0.74x	$252.58 Billion
Zhongman Petro & Natural Gas (603619)	$884.42 Million	21.32%	1.84x	$1.73 Billion

About China Petroleum & Chemical Corp Class A

SHG:600028 China Oil & Gas Integrated

Market Cap

$68.52 Billion

CN¥468.23 Billion CNY

Market Cap Rank

#408 Global

#22 in China

Share Price

CN¥4.82

Change (1 day)

-1.03%

52-Week Range

CN¥4.81 - CN¥7.82

All Time High

CN¥7.82