Sinopec Shanghai Petrochemical Company Limited provided earnings guidance for the first quarter ended March 31, 2021. For the period, the company expects net profit attributable to equity shareholders to be between RMB 1.06 billion to RMB 1.29 billion, expected to achieve a turnaround from loss to profit as compared with the corresponding period in 2020 and representing an estimated increase between 74% and 111% as compared with the corresponding period of 2019. The net profit attributable to equity shareholders of the Company excluding extraordinary gains and losses is estimated to be between RMB 1.04 billion and RMB 1.27 billion, expected to achieve a turnaround from loss to profit as compared with the corresponding period in 2020 and representing an estimated increase between 66% and 103% as compared with the corresponding period of 2019.