0386$4.6160

China Petroleum & Chemical Corp

Oil & Gas Refining and MarketingVerified

Score breakdown

Valuation+45Profitability+32Sentiment+30Risk penalty-3

Quality breakdown

Key fields100Profile38Conclusion97AI synthesis40Observations23

China Petroleum & Chemical Corp maintains a capital structure with a debt-to-equity ratio of 0.64, indicating a moderate reliance on debt financing [doc:HA-latest]. The company's liquidity position is characterized by a market cap of 109.64 billion CNY and a price-to-book ratio of 0.13, suggesting a low valuation relative to its book value [doc:HA-latest]. The company's operating cash flow of 162.5 billion CNY supports its capital expenditures of 115.5 billion CNY, indicating a significant investment in growth [doc:HA-latest]. Profitability metrics show a return on equity of 3.92% and a return on assets of 1.51%, which are below the industry median for refining and marketing firms. The company's net income of 32.48 billion CNY is supported by a gross profit of 48.84 billion CNY, but its operating margin of 1.75% is relatively low compared to industry peers [doc:HA-latest]. The company's revenue is distributed across five segments, with the Marketing and Distribution segment likely being the largest contributor. However, the financial data does not provide specific revenue figures for each segment, making it difficult to assess the exact contribution of each business line [doc:HA-latest]. Geographically, the company is heavily concentrated in China, with the majority of its operations and revenue derived from domestic markets [doc:HA-latest]. The company's growth trajectory is reflected in its capital expenditures and operating cash flow. The company is investing in its refining and chemical operations, which is expected to drive future revenue growth. Analysts have a generally positive outlook, with a mean price target of 5.19 CNY and a median price target of 4.90 CNY [doc:, ]. Risk factors include a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could impact its ability to fund operations without additional financing [doc:HA-latest]. The company's debt-to-equity ratio of 0.64 suggests a moderate level of financial leverage, which could increase financial risk in a downturn [doc:HA-latest]. Recent events include the company's continued investment in refining and chemical operations, as well as its efforts to maintain a strong market presence in China. The company's recent financial performance and strategic initiatives are likely to influence its future direction [doc:HA-latest].

Profile

CompanyChina Petroleum & Chemical Corp

Ticker0386.HK

SectorEnergy

BusinessEnergy - Fossil Fuels

Industry groupEnergy - Fossil Fuels

IndustryOil & Gas Refining and Marketing

AI analysis

Business. China Petroleum & Chemical Corp operates in the oil and gas and chemical industries, generating revenue through exploration and production, refining, marketing and distribution, and petrochemical manufacturing [doc:HA-latest].

Classification. The company is classified under the Energy - Fossil Fuels business sector, with a confidence level of 0.92, and is part of the Oil & Gas Refining and Marketing industry [doc:verified market data].

Key takeaways

The company has a low price-to-book ratio, indicating a potential undervaluation relative to its book value.
The company's return on equity and return on assets are below industry medians, suggesting lower profitability.
The company's capital expenditures are significant, indicating a focus on growth and expansion.
The company's liquidity position is moderate, with a negative net cash position after debt.
Analysts have a generally positive outlook, with a mean price target above the current market price.
--
## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyCNY

Revenue$2.78T

Gross profit$488.43B

Operating income$48.61B

Net income$32.48B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$162.50B

CapEx-$115.50B

Free cash flow$19.85B

Total assets$2.15T

Total liabilities$1.33T

Total equity$827.46B

Cash & equivalents$81.05B

Long-term debt$531.01B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$2.78T$48.61B$32.48B$19.85B

FY-1$3.07T$70.69B$48.94B$15.64B

FY-2$3.21T$86.83B$58.31B-$11.47B

FY-3$3.32T$75.83B$66.15B-$25.10B

FY-4$2.74T$94.63B$71.97B$38.46B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$2.15T$827.46B$81.05B—

FY-1$2.08T$815.82B$91.30B—

FY-2$2.02T$802.99B$121.76B—

FY-3$1.95T$787.60B$93.44B—

FY-4$1.89T$774.18B$108.59B—

PeriodOCFCapExFCFSBC

FY0$162.50B-$115.50B$19.85B—

FY-1$149.36B-$119.14B$15.64B—

FY-2$161.47B-$152.32B-$11.47B—

FY-3$116.27B-$153.74B-$25.10B—

FY-4$225.17B-$127.97B$38.46B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$670.14B$1.92B$411.0M-$4.81B

FQ-1$704.39B$13.27B$8.31B-$245.0M

FQ-2$673.70B$12.53B$9.78B$20.60B

FQ-3$735.36B$20.89B$13.97B$21.28B

FQ-4$708.02B$7.09B$3.83B-$8.28B

FQ-5$790.41B$12.57B$8.03B-$27.99B

FQ-6$786.16B$23.70B$18.36B$29.39B

FQ-7$789.97B$27.32B$18.72B$22.59B

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$2.15T$827.46B$81.05B—

FQ-1$2.18T$828.09B$114.14B—

FQ-2$2.14T$824.57B$107.71B—

FQ-3$2.12T$830.72B$103.34B—

FQ-4$2.08T$815.82B$91.30B—

FQ-5$2.10T$816.22B$115.55B—

FQ-6$2.14T$825.92B$122.13B—

FQ-7$2.09T$831.19B$110.96B—

PeriodOCFCapExFCFSBC

FQ0$162.50B-$115.50B-$4.81B—

FQ-1$114.78B-$76.76B-$245.0M—

FQ-2$61.02B-$45.19B$20.60B—

FQ-3$8.14B-$24.23B$21.28B—

FQ-4$149.36B-$119.14B-$8.28B—

FQ-5$101.54B-$75.37B-$27.99B—

FQ-6$42.27B-$49.83B$29.39B—

FQ-7-$13.76B-$28.46B$22.59B—

Valuation

Market price$4.61

Market cap$109.64B

Enterprise value$559.59B

P/E3.4

Reported non-GAAP P/E—

EV/Revenue0.2

EV/Op income11.5

EV/OCF3.4

P/B0.1

P/Tangible book0.1

Tangible book$827.46B

Net cash-$449.95B

Current ratio—

Debt/Equity0.6

ROA1.5%

ROE3.9%

Cash conversion5.0%

CapEx/Revenue-4.2%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Oil & Gas Refining and Marketing · cohort 2 companies

Metric0386Activity

Op margin1.7%5.0% medp25 4.3% · p75 5.6%bottom quartile

Net margin1.2%3.0% medp25 2.6% · p75 5.9%bottom quartile

Gross margin17.5%19.2% medp25 8.7% · p75 29.6%below median

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-4.2%5.6% medp25 4.1% · p75 7.1%bottom quartile

Debt / equity64.0%94.7% medp25 53.9% · p75 135.4%below median

Observations

IR observations

Mean price target5.19 CNY

Median price target4.90 CNY

High price target7.10 CNY

Low price target4.10 CNY

Mean recommendation2.19 (1=strong buy, 5=strong sell)

Strong-buy count6.00

Buy count4.00

Hold count4.00

Sell count1.00

Strong-sell count1.00

Mean EPS estimate0.38 CNY

Last actual EPS0.26 CNY

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-01 03:45 UTC#f54757e2

Market quoteclose CNY 4.61 · shares 23.78B diluted

no public URL

2026-05-01 03:45 UTC#6976720c

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 03:47 UTCJob: be5a81cc