Sinopec Shanghai Petrochemical : Major Operating Data of the 2019 First Quarter
April 12, 2019 at 07:08 am EDT
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(A joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00338)
Major Operating Data of the 2019 First Quarter
According to Rule 18 of the Guidelines of the Shanghai Stock Exchange for Industry Information Disclosure No.18-Chemical Industry, Sinopec Shanghai Petrochemical Company Limited (the "Company") announced the major operating data for the three months ended 31 March 2019:
I. Major operating data of 2019 first quarter
Product
Production volume (10,000 tons)
Sales volume (10,000 tons)
Sales revenue (1,000 RMB)
Petroleum products
Diesel
97.42
96.25
4,709,704
Gasoline
87.33
85.29
5,898,106
Jet Fuel note 1
46.81
31.50
1,248,181
Intermediate petrochemicals
PX note 2
16.89
11.07
812,138
Benzene note 1
9.43
8.57
343,934
Ethylene Glycol note 2
8.84
5.81
260,291
Ethylene Oxide
6.25
5.99
405,068
Ethylene note 2
21.29
0.05
3,527
Resins and plastics
PE
13.24
12.13
1,020,566
PP
11.97
10.97
933,568
Polyester chips note 1 note 2
9.87
6.60
457,484
Synthetic fibres
Acrylics
3.84
3.85
529,070
Polyester note 1
1.12
0.98
83,242
Note 1: Sales exclude materials processed on a sub-contract basis.
Note 2: Part of the difference between the production volume and sales volume is internal use.
The above data for sales volume and sales revenue does not include the data for the Company's trading of petrochemical products.
II. Change in prices of major products and raw materials in the 2019 first quarter
Unit: RMB yuan /ton
Product
The average price in the 2019 first quarter
The average price in the 2018 first quarter
Change
Diesel
4,893
4,990
-1.95%
Gasoline
6,915
7,156
-3.37%
Jet Fuel
3,962
3,992
-0.73%
Ethylene
7,054
-
-
PX
7,334
6,123
19.77%
Benzene
4,013
5,778
-30.55%
Ethylene Glycol
4,477
6,682
-33.00%
Ethylene Oxide
6,762
8,936
-24.33%
PE
8,417
9,847
-14.52%
PP
8,510
8,540
-0.35%
Polyester chips
6,933
7,176
-3.39%
Acrylics
13,750
13,594
1.15%
Polyester
8,513
9,135
-6.82%
Raw material
The average processing cost in the 2019 first quarter
The average processing cost in the 2018 first quarter
Change
Crude oil
3,155.35
2,986.60
5.65%
III. Other Matters
The above-mentioned operating data was calculated based on the internal statistics of the Company and is intended to provide an overview of the production and operation of the Company to the investors on a timely basis. The operating data is unaudited and does not make any express or implied forecasts or guarantees in respect of the Company's future operating conditions. Investors are advised to exercise caution when using such information.
By Order of the Board
Sinopec Shanghai Petrochemical Company Limited
Guo Xiaojun
Joint Company Secretary
Shanghai, the PRC, 12 April 2019
As at the date of this announcement, the executive directors of the Company are Wu Haijun, Shi Wei, Jin Qiang, Guo Xiaojun, Zhou Meiyun and Jin Wenmin; the non-executive directors of the Company are Lei Dianwu and Mo Zhenglin; and the independent non-executive directors of the Company are Zhang Yimin, Liu Yunhong, Du Weifeng and Li Yuanqin.
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Sinopec Shanghai Petrochemical Company Limited published this content on 12 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 April 2019 11:07:01 UTC
Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments. The synthetic fibres segment produces polyester and acrylic fibers, which are used in the textile and apparel industries. The resins and plastics segment produces polyester chips, polyethylene resins and films, polypropylene resins and polyvinyl alcohol (PVA) granules. The intermediate petrochemicals segment produces p-xylene, benzene and ethylene oxide. The petroleum products segment is equipped with crude oil distillation facilities used to produce vacuum and atmospheric gas oils used as feedstock of the Company's downstream processing facilities. The trading of petrochemical products segment is engaged in importing and exporting of petrochemical products.