In China, when it comes to the supply of refined oil products and petrochemicals, Sinopec is definitely one of the best. Every time we go to the gas station, we can get gas, plastic chairs and drink bottles that we can use at home, in fact, thanks to Sinopec. Not only do they supply more, but the quality is good. You see, our cars are driving farther and farther, and our days are getting more and more prosperous, all of which are inseparable from these petroleum and chemical products they provide.
Reason for indebtedness
The debt limit seems to be quite high, but don't panic. In fact, many of these liabilities are current liabilities and lease liabilities. The increase in current liabilities is actually normal, indicating that the company's daily operations need more active cash flow. As for the lease debt, it is more because more equipment and space are rented to expand production, which is an investment to make more money in the future.
As a large national enterprise and a central enterprise, Sinopec still has unique advantages in financing. They borrow new debt at low interest rates, and they issue new bonds at low interest rates, which are benefits that other smaller companies don't enjoy. This is like, we ordinary people save money, and the interest is average, but when central enterprises save money, banks have to give enough face, and the interest rate is much lower, which is equivalent to the state providing a better starting line for Sinopec.
Business growth and market capitalization
It's going to be a good year in 2023, and its market value has been climbing all the way, increasing by more than 50 percent! Do you know what this concept is? It's like saying that you originally had one million in your family, and in a year your family has 1.5 million, and the speed of growth is too fast.
Moreover, guess what the total market value of Sinopec is? Let's talk about a big number, 800 billion yuan! This figure is not a scare person, this is a real market value full of Sinopec's hard work and fighting spirit.
Financial data
Sinopec, you may not know, the 2023 report card is really impressive. Listen to the revenue figure, it's 3.21 trillion yuan, you heard it right, it's trillions! This figure can't compare the annual revenue of many companies combined. The net profit is also one of the best, with 60.4 billion yuan. This means that Sinopec not only sells more oil, but also makes more money, and the efficiency is really not covered.
Sinopec's total liabilities are also a large amount, reaching 1.07 trillion yuan. Ah, that sounds scary, but you have to know that for such a large company, this level of debt is actually quite normal, and its debt ratio is 52%, which is quite stable in the industry.
Operates 4 business segments
Their business is not simple, covering exploration and development, oil refining, marketing and chemicals. Think about how many processes and how many high-tech you have to go through from digging up LPG underground to turning it into a usable fuel and then selling it to all corners. There are so many kinds of chemical products that you can think of, they can all be made.
It is particularly worth mentioning that Sinopec's gas stations are really all over the country. Especially in the south, wherever you go, you can see Sinopec's gas station, and such a convenient service makes many drivers and friends worry a lot. These petrol stations don't just sell gas, they also offer a wide range of vehicle maintenance services.
A major breakthrough in production
Sinopec's production and sales are hot. Whether it is oil and gas production, or natural gas production, or crude oil processing volume and refined oil sales, every data is going up, like a crazy bull, hitting the red envelope wall.
When it comes to oil and gas exploration, it's even more exciting. They have done a lot in the exploration of new oil and gas fields, and they have dug up a lot of new oil fields, which is like a treasure for the company, and the future days will definitely be glittering.
What do you think about this?
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