China Petroleum & Chemical Corp Class A

600028: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sinopec Earnings: Disappointing Results Due to Sluggish Downstream Demand and Impairment Losses

Chokwai Lee

Mar 24, 2025

Sinopec’s 2024 net profit fell 16% year on year to CNY 48.9 billion, mainly attributable to impairment losses and weak downstream demand due to China's slowing economy. Dividend per share of CNY 0.286 represented a payout ratio of about 70%.

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China Petroleum & Chemical Corp Class A

Sinopec Earnings: Disappointing Results Due to Sluggish Downstream Demand and Impairment Losses

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