Summary by Moomoo AI
China Petroleum & Chemical Corporation (SINOPEC CORP) released unaudited semi-annual report on June 30, 2024. The report shows that the company's revenue reached 157.6131 billion RMB, net profit attributable to shareholders was 3.5703 billion RMB, and basic and diluted earnings per share were 0.296 RMB. Net cash flow from operating activities was 4.2269 billion RMB. Total assets amounted to 214.1936 billion RMB, total liabilities were 115.5591 billion RMB, and shareholders' equity was 828.140 billion RMB. The company proposed a cash dividend of 0.146 RMB per share for the first half of 2024. Key investment projects include the Tianjin LNG project, Yizheng Chemical Fiber PTA project, and Zhenhai Refining & Chemical expansion project. Risks faced include macroeconomic changes, industry cycles, government policies, environmental regulations, new oil and gas resource acquisition, crude oil...Show More