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| PetroChina Company Limited |
| 6-8 Liu Pu Kang Jie Xicheng District, Beijing, China 100724 |
| Business Description | The company is one of the largest companies in China in terms of sales. The company is engaged in a broad range of petroleum-related activities, including: the exploration, development and production of crude oil and natural gas; the refining, transportation, storage and marketing, including import and export, of crude oil and petroleum products; the production and sale of chemicals; and the transmission, marketing and sale of natural gas. |
| Offering Information Company has | |||
| Trading As | PTR (NYSE) | Industry | Natural Resource (SIC 1311) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 2/1/00 |
| Domestic Shares Offered | 33,214,280 | Offer Date | 3/30/00 |
| Foreign Shares Offered | 142,609,900 | Filing Range | $15.93 - $19.40 |
| Company Shares | 158,241,760 | Offer Price | $16.44 |
| Selling Shrhldrs Shares | 17,582,420 | Gross Spread | $0.575 |
| Gross Proceeds | $2,890,549,613 | Selling | $0.345 |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| China International Capital Corporation | Co-manager | |
| CS First Boston | Co-manager | (212) 325-2000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/98 | 9/30/99 | |||||
| Revenues | - | - | - | - | 17,793.000 | - | 15,243.000 |
| Income from Oper. | - | - | - | - | 4,287.000 | - | 4,447.000 |
| Net Income | - | - | - | - | 1,845.000 | - | 2,510.000 |
| E.P.S | - | - | - | - | 1.150 | - | 1.570 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 24.09 | 29.17 | - |
| Net Profit Margin (%) | - | - | - | - | 10.37 | 16.47 | - |
| Cash Flow - Oper. | 4,549.00 | - | 5,037.00 | ||||
| Cash Flow - Inv. | -4.69 | - | -2.85 | ||||
| Cash Flow - Fin. | -20.00 | - | -2,150.00 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 37,641.00 | Current Assets | - | Current Ratio | - |
| Total Liab. | 20,217.00 | Current Liab. | - | Debt Ratio | 53.71% |
| Total Equity | 17,424.00 | Working Cap. | - | Debt to Equity Ratio | 1.16 |
| Cash | - | Return on Assets | 6.67% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures and investments, reduce short-term borrowings from third party financial institutions and to provide additional funds from general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Shearman & Sterling |
| Bank's Law Firm | Sullivan & Cromwell |
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