April 29, 2024, SINOPEC (China Petrochemical Corporation (600028. SH) released the performance report for the first quarter of 2024.

The company realized an operating revenue of 789.967 billion yuan, a year-on-year decrease of 0.17%, a net profit attributable to the parent of 18.316 billion yuan, a year-on-year decrease of 8.88%, and a net cash flow from operating activities of -13.755 billion yuan, an improvement year on year. The asset liability ratio was 52.65%, an increase of 0.39 percentage points year on year.

The gross profit margin of the company's sales was 16.04%, up 0.20 percentage points year on year, achieving a basic earnings per share of 0.15 yuan, down 8.93% year on year, and the diluted return on net assets was 2.20%, down 0.30 percentage points year on year.

The company's inventory turnover rate was 2.52 times, down 0.15 times year-on-year, and the total asset turnover rate was 0.38 times, down 0.02 times year-on-year.

The sales expense is about 14.166 billion yuan, the administrative expense is about 13.719 billion yuan, and the financial expense is about 2.704 billion yuan.

The number of shareholders of the company is 370000. The number of shares held by the top ten shareholders of the company is 114.828 billion shares, accounting for 94.33% 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, China Industrial and Commercial Bank of China -SSE 50 ETF, Central Huijin Asset Management Co., Ltd Guosen Securities Limited Liability Company and Guoxin Investment Co., Ltd. have 68.23%, 19.90%, 1.91%, 1.78%, 1.22%, 0.37%, 0.26%, 0.26%, 0.20% and 0.20% of their shares respectively.