On March 25, 2024, SINOPEC (China Petrochemical Corporation (600028. SH) released the 2023 annual performance report.

The company realized an operating revenue of 3.21 trillion yuan, down 3.19% year on year, and a net profit attributable to the parent company of 60.463 billion yuan, down 9.87% year on year. The net cash flow generated from operating activities was 161.475 billion yuan, up 38.88% year on year, and the asset liability ratio was 52.70%, up 0.79 percentage points year on year.

The gross profit margin of the company's sales was 15.65%, up 0.61 percentage points year on year, achieving basic earnings per share of 0.50 yuan, down 7.85% year on year, and the diluted return on net assets was 7.50%, down 0.94 percentage points year on year.

The company's inventory turnover rate was 10.94 times, down 1.54 times year-on-year, and the total asset turnover rate was 1.62 times, down 0.11 times year-on-year.

The sales expense is about 61.164 billion yuan, the administrative expense is about 59.664 billion yuan, and the financial expense is about 9.922 billion yuan.

The main business of the company is gasoline, diesel, other, crude oil, kerosene, basic organic chemicals, synthetic resin, natural gas, auxiliary materials sales and other income, chemical raw materials, synthetic fiber monomer and its polymer, rental income, respectively achieving revenue of 861.453 billion yuan, 722.307 billion yuan, 439.549 billion yuan, 412.488 billion yuan, 216.456 billion yuan, 210.216 billion yuan, 132.625 billion yuan 79.681 billion yuan, 63.990 billion yuan, 38.039 billion yuan, 34.059 billion yuan, 1.352 billion yuan.

The number of shareholders of the company is 390000. The number of shares held by the top ten shareholders of the company is 112.214 billion shares, accounting for 94.02% of the total share capital. The top ten shareholders are PetroChina Chemical Industry Group Co., Ltd., Hong Kong Central Clearing (Agent) Co., Ltd., China Securities Finance Co., Ltd., China National Petroleum Corporation Limited, Hong Kong Central Clearing Corporation Limited China Life Insurance Co., Ltd. - Traditional - General Insurance Product - 005L-CT001 Shanghai, Central Huijin Asset Management Co., Ltd., Guoxin Investment Co., Ltd Guosen Securities Co., Ltd., China Industrial and Commercial Bank of China -The shareholding ratio of SSE 50 ETF is 67.56%, 20.30%, 1.95%, 1.81%, 1.03%, 0.51%, 0.26%, 0.20%, 0.20% and 0.20% respectively.