Stock to Watch – China Petroleum & Chemical Corporation (NYSE:SNP) Releases Earnings Report

China Petroleum & Chemical Corporation (NYSE:SNP) has market worth of 125.12B along 1.50B outstanding shares. The stock moved 0.06% to $83.67 in recent session. The recent traded volume was 180839 shares. The stock had closed at $83.62 on the previous day. China Petroleum & Chemical Corporation is with Insider ownership of 76.20% and institutional ownership counts to 4.90%. Shares float is 252.58M and outstanding shares are at 1.50B. The float short is currently 0.08% and short ratio is 1.02.

China Petroleum & Chemical Corporation (NYSE:SNP) recently reported its annual results for the twelve months ended 31 December 2017.

Financial Highlights

In accordance with IFRS, the Company’s turnover and other operating revenues reached RMB 2.36 trillion in 2017, up 22.2% from the previous year. Profit attributable to equity shareholders of the Company was RMB 51.24 billion, up 9.8% year-on-year. Basic earnings per share were RMB 0.423.

In accordance with ASBE, the Company’s operating profit was RMB 87.0 billion, representing a 12.4% increase as compared with 2016. Profit attributable to shareholders of the Company was RMB 51.1 billion, up 10.1% year-on-year. Basic earnings per share were RMB 0.422.

In accordance with IFRS, the Company’s liability-to-asset ratio as at the end of 2017 was 46.54%, which represented an increase of 2.01 percentage points compared with the end of the previous year. Meanwhile, the Company maintained a sound financial position. Cash and cash equivalents amounted to RMB113.2 billion as at 31 December 2017, maintaining at a healthy level.

The Company focused on quality and efficiency of its development, optimised product and feedstock mix, increased high-value-added products production based on the customer demand. Refining and chemicals segments results both achieved record high. Operating profit of the refining segment totaled RMB 65.0 billion, an increase of 15.5% year-on-year. Operating profit of the chemicals segment was RMB 27.0 billion, up 30.8% year-on-year.

Taking into account the Company’s profitability, cash position, shareholder return and future business development, the Board proposed a final dividend of RMB 0.40 per share, which combined with the interim dividend of RMB 0.10 per share, brought the full-year dividend to RMB 0.50 per share, up 100.8% from the previous year. Dividend payout ratio reached 118%. Total cash dividend to be paid for the full year was RMB 60.5 billion, highest since its listing.

In accordance with IFRS, the Company’s total assets increased by 9.9% and shareholders’ equity increased by 22.4% compared with the levels in 2014. During the three years of the sixth session of the Board, the Company’s turnover and total assets have grown steadily. The Company’s businesses have expanded rapidly, and overall performance has continued to improve. In addition, the Company delivered good returns to shareholders, with total dividends declared for the three-year period amounting to RMB 108.8 billion.

The stock has recorded a weekly performance of 1.09% and monthly performance is 3.23%. Shares have moved 16.89% over the last quarter and changed 9.89% over the recent six months. The shares registered yearly performance at 6.25% and YTD move seen at 14.04%”

The stock made income 8.84B on sales of 365.17B. ROA sticks to 2.60% and ROI is 6.30%. Shares have moved -6.70% from its 1 Year high price and changed 20.22% from its 1 Year low price. The shares registered RSI (14) at 51.98 and ATR factor was seen at 2.03.

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