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

Latest as of June 2025: CN¥981.51 Billion CNY

Based on the latest financial reports, China Petroleum & Chemical Corp Class A (600028) has net assets worth CN¥981.51 Billion CNY as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.14 Trillion) and total liabilities (CN¥1.16 Trillion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥981.51 Billion
% of Total Assets 45.81%
Annual Growth Rate 8.28%
5-Year Change 10.11%
10-Year Change 23.96%
Growth Volatility 5.9

China Petroleum & Chemical Corp Class A - Net Assets Trend (2000–2024)

This chart illustrates how China Petroleum & Chemical Corp Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for China Petroleum & Chemical Corp Class A (2000–2024)

The table below shows the annual net assets of China Petroleum & Chemical Corp Class A from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥972.15 Billion +1.41%
2023-12-31 CN¥958.65 Billion +2.39%
2022-12-31 CN¥936.24 Billion +2.31%
2021-12-31 CN¥915.07 Billion +3.65%
2020-12-31 CN¥882.86 Billion +0.80%
2019-12-31 CN¥875.84 Billion +2.25%
2018-12-31 CN¥856.53 Billion +0.43%
2017-12-31 CN¥852.89 Billion +2.61%
2016-12-31 CN¥831.24 Billion +6.00%
2015-12-31 CN¥784.22 Billion +21.48%
2014-12-31 CN¥645.58 Billion +3.85%
2013-12-31 CN¥621.63 Billion +13.43%
2012-12-31 CN¥548.04 Billion +8.02%
2011-12-31 CN¥507.34 Billion +12.65%
2010-12-31 CN¥450.37 Billion +12.92%
2009-12-31 CN¥398.85 Billion +13.65%
2008-12-31 CN¥350.95 Billion +7.54%
2007-12-31 CN¥326.35 Billion +17.87%
2006-12-31 CN¥276.86 Billion +13.00%
2005-12-31 CN¥245.01 Billion +12.61%
2004-12-31 CN¥217.57 Billion +15.10%
2003-12-31 CN¥189.02 Billion +10.78%
2002-12-31 CN¥170.62 Billion +5.03%
2001-12-31 CN¥162.45 Billion +12.74%
2000-12-31 CN¥144.09 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 5964.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥376.69 Billion 46.17%
Common Stock CN¥121.28 Billion 14.87%
Other Comprehensive Income CN¥2.08 Billion 0.26%
Other Components CN¥315.75 Billion 38.70%
Total Equity CN¥815.82 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
Enterprise Products Partners LP
NYSE:EPD
 		$79.27 Billion
Cadence Design Systems Inc
NASDAQ:CDNS
 		$79.29 Billion
American Tower REIT
LSE:0HEU
 		$79.38 Billion
Brookfield Asset Management Inc
NYSE:BAM
 		$79.53 Billion
AMERICA MOVIL SAB DE CV
MX:AMXB
 		$78.82 Billion
United Parcel Service Inc
NYSE:UPS
 		$78.66 Billion
Delta Electronics (Thailand) Public Company Limited
F:NVAW
 		$78.59 Billion
Illinois Tool Works Inc
NYSE:ITW
 		$78.43 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 2023 to 2024, total equity changed from 805,794,000,000 to 815,815,000,000, a change of 10,021,000,000 (1.2%).
  • Net income of 48,939,000,000 contributed positively to equity growth.
  • Dividend payments of 42,108,000,000 reduced retained earnings.
  • Share repurchases of 2,131,000,000 reduced equity.
  • New share issuances of 11,995,000,000 increased equity.
  • Other comprehensive income decreased equity by 4,095,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥48.94 Billion +6.0%
Dividends Paid CN¥42.11 Billion -5.16%
Share Repurchases CN¥2.13 Billion -0.26%
Share Issuances CN¥11.99 Billion +1.47%
Other Comprehensive Income CN¥-4.09 Billion -0.5%
Other Changes CN¥-2.58 Billion -0.32%
Total Change CN¥- 1.24%

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: 0.83x
  • 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 5.02x to 0.83x 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¥5.56 x
2001-12-31 CN¥1.23 CN¥5.56 x
2002-12-31 CN¥1.30 CN¥5.56 x
2003-12-31 CN¥1.45 CN¥5.56 x
2004-12-31 CN¥1.65 CN¥5.56 x
2005-12-31 CN¥1.91 CN¥5.56 x
2006-12-31 CN¥2.26 CN¥5.56 x
2007-12-31 CN¥2.67 CN¥5.56 x
2008-12-31 CN¥2.89 CN¥5.56 x
2009-12-31 CN¥3.29 CN¥5.56 x
2010-12-31 CN¥3.67 CN¥5.56 x
2011-12-31 CN¥4.05 CN¥5.56 x
2012-12-31 CN¥4.31 CN¥5.56 x
2013-12-31 CN¥4.67 CN¥5.56 x
2014-12-31 CN¥5.06 CN¥5.56 x
2015-12-31 CN¥5.58 CN¥5.56 x
2016-12-31 CN¥5.87 CN¥5.56 x
2017-12-31 CN¥6.00 CN¥5.56 x
2018-12-31 CN¥5.92 CN¥5.56 x
2019-12-31 CN¥6.10 CN¥5.56 x
2020-12-31 CN¥6.16 CN¥5.56 x
2021-12-31 CN¥6.39 CN¥5.56 x
2022-12-31 CN¥6.49 CN¥5.56 x
2023-12-31 CN¥6.73 CN¥5.56 x
2024-12-31 CN¥6.73 CN¥5.56 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): 6.00%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.59%
  • • Asset Turnover: 1.48x
  • • Equity Multiplier: 2.55x
  • Recent ROE (6.00%) is below the historical average (11.16%), 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 9.64% 4.34% 0.88x 2.51x CN¥-530.50 Million
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 19.88% 4.85% 1.76x 2.33x CN¥25.18 Billion
2007 18.26% 4.56% 1.68x 2.39x CN¥24.85 Billion
2008 8.99% 2.04% 1.93x 2.28x CN¥-3.32 Billion
2009 16.44% 4.59% 1.53x 2.34x CN¥24.19 Billion
2010 17.13% 3.75% 1.92x 2.37x CN¥29.90 Billion
2011 15.50% 2.92% 2.19x 2.42x CN¥25.99 Billion
2012 12.50% 2.29% 2.20x 2.48x 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 4.82% 1.61% 1.40x 2.14x CN¥-34.89 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 7.79% 1.94% 1.69x 2.38x CN¥-16.32 Billion
2020 4.43% 1.57% 1.21x 2.32x CN¥-41.54 Billion
2021 9.30% 2.63% 1.45x 2.44x CN¥-5.44 Billion
2022 8.53% 2.02% 1.70x 2.48x CN¥-11.54 Billion
2023 7.24% 1.82% 1.49x 2.67x CN¥-22.27 Billion
2024 6.00% 1.59% 1.48x 2.55x CN¥-32.64 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: $53,845,604,541
  • Average return on equity (ROE) among peers: -49.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Petroleum & Chemical Corp Class A (600028) CN¥981.51 Billion 13.37% 1.18x $79.04 Billion
Sichuan Shengda Forestry Industry Co Ltd (002259) $508.56 Million -248.14% 2.03x $619.80 Million
Guanghui Energy Co Ltd (600256) $168.04 Million 20.40% 0.92x $5.75 Billion
PetroChina Co Ltd Class A (601857) $212.41 Billion 9.03% 0.83x $273.20 Billion
Zhongman Petro & Natural Gas (603619) $2.30 Billion 20.99% 2.11x $2.27 Billion

About China Petroleum & Chemical Corp Class A

SHG:600028 China Oil & Gas Integrated
Market Cap
$79.04 Billion
CN¥540.11 Billion CNY
Market Cap Rank
#292 Global
#17 in China
Share Price
CN¥5.56
Change (1 day)
-1.77%
52-Week Range
CN¥5.29 - CN¥7.82
All Time High
CN¥7.82
Categories
Companies in China Oil & Gas Integrated
About

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others segments. The company explores and develops oil fields; produces natural gas; produces, processes, purifies, imports, and trades in cru… Read more