Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. PetroChina Company Limited
  6. News
  7. Summary
    857   CNE1000003W8

PETROCHINA COMPANY LIMITED

(857)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PetroChina : 2020 Annual Results

03/25/2021 | 03:49am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

2010

中國石油天然氣股份有限公司

PETROCHINA COMPANY LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Hong Kong Stock Exchange Stock Code: 857

Shanghai Stock Exchange Stock Code: 601857)

Results Announcement for the year ended December 31, 2020

(Summary of the 2020 Annual Report)

1 Important Notice

1.1 This Results Announcement is a summary of the full version of the 2020 Annual Report. To get a full understanding of the operating results, financial position and future development plans of PetroChina Company Limited (the "Company"), investors should read the full version of the 2020 Annual Report carefully. The full version of the 2020 Annual Report is published on the websites of the Shanghai Stock Exchange (website:http://www.sse.com.cn),

"HKExnews" of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (website:http://www.hkexnews.hk) and the Company (website:http://www.petrochina.com.cn).

1.2 The Board of Directors (the "Board" or "Board of Directors") of the Company, the supervisory committee ("Supervisory Committee") and the all directors ("Directors"), supervisors ("Supervisors") and senior management of the Company warrant the truthfulness, accuracy and completeness of the information contained in the annual report and that there are no material omissions from, or misrepresentation or misleading statements contained in the annual report, and jointly and severally accept full responsibility thereof.

1.3 Except that Mr. Jiao Fangzheng, a non-executive Director, was absent from the meeting due to the work arrangement, and Mr. Simon Henry, an independent non-executive Director, was absent from the meeting due to the impact of Coronavirus Disease 2019 (the "COVID-19") and timing differences, other members of the Board have attended the eighth meeting of the eighth session of the Board.

1.4 The financial statements of the Company and its subsidiaries (the "Group") have been

prepared in accordance with China Accounting Standards ("CAS") and International Financial

Reporting Standards ("IFRS"), respectively. The financial statements of the Group for 2020,

which have been prepared in accordance with CAS and IFRS, have been audited by KPMG Huazhen LLP and KPMG, respectively. Both firms have issued unqualified opinions on the

1

financial statements.

1.5 Corporate Information

The Company was established as a joint stock company with limited liability under the

Company Law of the People's Republic of China (the "PRC" or "China") on November 5, 1999 as part of the restructuring of China National Petroleum Corporation (its Chinese name 中國石 油天然氣集團公司 having been changed into 中國石油天然氣集團有限公司, abbreviated as "CNPC" before and after the change of name ). The Group is the largest oil and gas producer and seller occupying a leading position in the oil and gas industry in the PRC and one of the largest companies in the PRC in terms of revenue and one of the largest oil companies in the world. The Group principally engages in, among others, the exploration, development, production and sales of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sales of basic and derivative chemical products and other chemical products; the marketing and trading of refined products; and the transmission of natural gas, crude oil and refined products, and the sales of natural gas.

The American Depositary Shares (the "ADSs"), H shares and A shares of the Company were listed on the New York Stock Exchange, the Hong Kong Stock Exchange and Shanghai Stock Exchange on April 6, 2000, April 7, 2000 and November 5, 2007, respectively.

Stock name

PetroChina

PetroChina

PetroChina

Stock code

857

PTR

601857

Place of listing

Hong Kong Stock Exchange

The New York Stock Exchange, Inc.

Shanghai Stock Exchange

Contact persons and means of communication

Secretary to the Board of Directors

Representative on Securities Matters

Chief Representative of the Hong Kong Representative Office

Name

Chai Shouping

Liang Gang

Wei Fang

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, PRC

Suite 3705, Tower 2, Lippo Centre, 89 Queensway, Hong Kong

Postal code

100007

Telephone

86 (10) 5998 2622

86 (10) 5998 6959

(852) 2899 2010

Facsimile

86 (10) 6209 9557

86 (10) 6209 9559

(852) 2899 2390

Email address

zhanghuayi@petrochina.com.cn

liangg@petrochina.com.cn

hko@petrochina.com.hk

1.6 In overall view of the operating results, financial position, cash flow and gains from pipeline assets restructuring of the Company, to procure return for the shareholders, the eighth meeting of the eighth session of the Board recommends a final cash dividend of RMB0.08742 yuan (inclusive of applicable tax) per share for 2020 to all shareholders, based on the total share capital of the Company as at December 31, 2020, namely 183,020,977,818 shares. The total amount of cash dividend reaches RMB16 billion. The proposed final dividend is subject to shareholders' review and approval at the forthcoming 2020 annual general meeting to be held

on June 10, 2021.

2 Key Financial Data and Changes in Shareholders

2.1 Key Financial Data Prepared under IFRS

Items Revenue

Profit attributable to owners of the Company

Net cash flows from operating activities Basic earnings per share (RMB) Diluted earnings per share (RMB) Return on net assets (%)

1,933,836

Unit: RMB million

2,516,810

(23.2) 2,374,934

19,006

318,575

0.10

0.10

1.6

45,682

(58.4)

53,036

359,610

(11.4) 353,256

0.25

(58.4) 0.29

0.25

(58.4) 0.29

3.7 (2.1) percentage points 4.4

2,488,126 1,215,158

Equity attributable to owners of the Company

2,732,910 1,230,156

  • (9.0) 2,440,877

  • (1.2) 1,213,783

2.2 Key Financial Data Prepared under CAS

Items

Operating income Operating profit

Net profit attributable to equity holders of the Company

Net (loss)/profit after deducting non-recurring profit/loss items attributable to equity holders of the Company

Net cash flows from operating activities Weighted average returns on net assets (%)

Total share capital at the end of the period (hundred million share)

Basic earnings per share (RMB) Diluted earnings per share (RMB)

(23.2) 2,374,934

  • 1,933,836 2,516,810

64,783 19,002

(11,991)

318,575 1.6

1,830.21

0.10 0.10

2,488,400 1,215,421

Equity attributable to equity holders of the Company

115,520 45,677

53,485

359,610 3.7

1,830.21

0.25 0.25

Unit: RMB million

(43.9) 136,382

(58.4) 53,030

(122.4) 66,645

(11.4) 353,256

(2.1)

-(58.4) 0.29

(58.4) 0.29

4.4

1,830.21

2,733,190 1,230,428

  • (1.2) 1,214,067

Items

First Quarter 2020

Second Quarter 2020

Third Quarter 2020

Fourth Quarter 2020

Operating income

509,098

419,947

497,125

507,666

Net (loss)/profit attributable to equity holders of the Company

(16,234)

(13,752)

40,050

8,938

Net (loss)/profit after deducting non-recurring profit/loss items attributable to equity holders of the Company

(15,187)

(16,603)

8,586

11,213

Net cash flows (used in)/generated from operating activities

(18,096)

97,176

84,223

155,272

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

PetroChina Company Ltd. published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 08:48:02 UTC.


© Publicnow 2021
All news about PETROCHINA COMPANY LIMITED
06/16Hong Kong Hang Seng Off 0.7%, Shanghai Down 1.1% As Tech Slips
MT
06/13CNOOC  : CNODC to Pay Nearly $3 Billion for Brazilian Oilfield Surplus
MT
06/11Hong Kong Hang Seng Up 0.4% On Oil Issues; Tech Shares Gain
MT
06/11China's teapots snap up fuel oil after 5-year import hiatus - sources
RE
06/10PETROCHINA  : RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING FOR THE YEAR 2020..
PU
06/10PETROCHINA  : Resolutions Passed at the Annual General Meeting for the Year 2020..
PU
06/08EXCLUSIVE : China tells PetroChina to stop trading off oil quotas with teapots
RE
06/02Asian ADRs Slightly Lower in Wednesday Trading
MT
06/02Hong Kong Hang Seng Down 0.6%; Tech Issues Soft
MT
06/01PETROCHINA  : Monthly Return of Equity Issuer on Movements in Securities(..
PU
More news
Financials
Sales 2021 2 263 B 351 B 351 B
Net income 2021 65 198 M 10 112 M 10 112 M
Net Debt 2021 322 B 49 915 M 49 915 M
P/E ratio 2021 8,68x
Yield 2021 5,97%
Capitalization 911 B 141 B 141 B
EV / Sales 2021 0,54x
EV / Sales 2022 0,51x
Nbr of Employees 432 003
Free-Float 15,9%
Chart PETROCHINA COMPANY LIMITED
Duration : Period :
PetroChina Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETROCHINA COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 3,16 CNY
Last Close Price 3,05 CNY
Spread / Highest target 43,2%
Spread / Average Target 3,84%
Spread / Lowest Target -20,2%
EPS Revisions
Managers and Directors
NameTitle
Yong Zhang Huang President & Executive Director
Shou Ping Chai Chief Financial Officer & Secretary
Hou Liang Dai Chairman
Bo Lü Chairman-Supervisory Board
Jigang Yang Chief Engineer
Sector and Competitors
1st jan.Capitalization (M$)
PETROCHINA COMPANY LIMITED52.92%144 177
SAUDI ARABIAN OIL COMPANY0.71%1 881 463
ROYAL DUTCH SHELL PLC18.34%159 374
TOTALENERGIES SE16.01%130 495
GAZPROM28.59%89 490
PETRÓLEO BRASILEIRO S.A. - PETROBRAS2.82%76 680