Sinopec Oilfield Equipment Corp operates within the Oil and gas field machinery sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Sinopec Oilfield Equipment Corp with three other
companies in this sector in China:
Honghua Group Limited
sales of 2.18 billion Chinese Renmimbi [US$312.80 million]
of which 73%
was Parts and Components and Others),
Yantai Jereh Oilfield Services Group Co Limited
(3.19 billion Chinese Renmimbi [US$458.17 million]
of which 85%
was Oil Field Special Equipment Manufacturin), and
Hilong Holding Limited
(2.67 billion Chinese Renmimbi [US$383.75 million]
of which 49%
was Oilfield equipment manufacturing and ser).
During the year ended December of 2017, sales at
Sinopec Oilfield Equipment Corp were 3.99 billion Chinese Renmimbi (US$574.13 million).
increase of 16.0%
versus 2016, when the company's sales were 3.44 billion Chinese Renmimbi.
Despite this increase, sales are still
below the level achieved in 2015, when Sinopec Oilfield Equipment Corp
reported sales of 5.10 billion Chinese Renmimbi.
Sales of Oil and Gas Pipeline saw an increase
that was more than double the company's growth rate: sales were up
86.4% in 2017, from
625.87 million Chinese Renmimbi to 1.17 billion Chinese Renmimbi.
Sinopec Oilfield Equipment Corp also saw significant increases in sales in
Drilling Tool (up 57.5% to 664.49 million Chinese Renmimbi)
Not all segments of Sinopec Oilfield Equipment Corp experienced an increase in sales in 2017:
sales of Others fell 10.9% to 392.24 million Chinese Renmimbi.
Sinopec Oilfield Equipment Corp also experienced decreases in sales in
Petroleum Machine (down 9.5% to 1.77 billion Chinese Renmimbi)