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.

(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