MARKETS / BALCAO / PCCYF
BALCAO · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Petrochina Co. Ltd. PCCYF

8 fiscal years on record · CNY · FY2022 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2022
¥3.2T
▲ 23.9% vs FY2021
Dividend streak
3 yrs
Raised every year since 2020
EPS · FY22
Dividend / sh · FY22
¥0.22
Payout · FY22
ROE · FY22
11.3%
Net margin · FY22
4.6%
Dividend coverage
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Result
CNY 3.24T
Revenue, FY2022 · full 8-year series below
Revenue Net income
10002000300040003239.2149.42015201820212022
10002000300040003239.2149.42015201820212022

5 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2022
EPS Dividend
0.40.81.20.222015201820212022
0.40.81.20.222015201820212022

The company pays no cash dividend.

Profitability
11.3%
Return on equity, FY2022
ROE
481211.3%2015201820212022
481211.3%2015201820212022
Operating margin6.7%
Net margin4.6%
Return on assets5.8%

Each CNY of equity produced 11 cents of profit this year.

Returned to shareholders
returned in FY2022 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises3 years

Growth
+9.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+8.8%
+9.8%
Net income
+48.4%
+44.7%
Dividend / share
+49.4%
+29.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2022
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
CNY 2.67T
total assets, end of FY2022
Total assetsCNY 2.67T
EquityCNY 1.37T
CashCNY 191.2B
Gross debtCNY 323.1B
Net debtCNY 131.9B
Current ratio0.98×

Net debt stands at 10% of equity.

History
8 fiscal years
Every figure from documents filed with the SEC · CNY
Metric
2022
2021
2020
2019
2018
2017
2016
2015
Revenue ¥B
3239.2
2614.3
1933.8
2516.8
2374.9
2032.3
1616.9
1725.4
Operating income ¥B
216.7
161.2
75.9
121.8
122.9
70.8
60.6
79.3
EBITDA ¥B
434.4
372.3
270.0
327.1
345.1
299.1
·
·
Income tax ¥B
49.3
43.5
22.6
36.2
42.8
16.3
15.8
15.7
Net income ¥B
149.4
92.2
19.0
45.7
53.0
23.5
7.9
35.5
EPS, diluted ¥
·
·
·
·
·
·
·
·
Dividend / sh ¥
0.22
0.10
0.09
0.07
0.09
0.06
·
·
Payout %
·
·
·
·
·
·
·
·
ROE %
11.3
7.4
1.6
3.7
4.4
2.0
0.7
·
Shares out B
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
13 of 15
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 2 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed